Cibc World Markets Corp Acquires 5,430 Shares of Veralto Co. (NYSE:VLTO)

Cibc World Markets Corp grew its holdings in Veralto Co. (NYSE:VLTO) by 16.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 38,987 shares of the company’s stock after purchasing an additional 5,430 shares during the period. Cibc World Markets Corp’s holdings in Veralto were worth $3,971,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Savant Capital LLC raised its position in shares of Veralto by 0.5% in the fourth quarter. Savant Capital LLC now owns 20,177 shares of the company’s stock valued at $2,055,000 after purchasing an additional 98 shares during the period. Brown Brothers Harriman & Co. increased its holdings in Veralto by 2.6% during the 3rd quarter. Brown Brothers Harriman & Co. now owns 3,851 shares of the company’s stock worth $431,000 after acquiring an additional 99 shares during the period. Allworth Financial LP increased its holdings in Veralto by 19.4% during the 4th quarter. Allworth Financial LP now owns 622 shares of the company’s stock worth $64,000 after acquiring an additional 101 shares during the period. Insigneo Advisory Services LLC increased its holdings in Veralto by 1.8% during the 3rd quarter. Insigneo Advisory Services LLC now owns 5,767 shares of the company’s stock worth $645,000 after acquiring an additional 103 shares during the period. Finally, Quent Capital LLC increased its holdings in Veralto by 17.3% during the 4th quarter. Quent Capital LLC now owns 699 shares of the company’s stock worth $71,000 after acquiring an additional 103 shares during the period. Institutional investors own 91.28% of the company’s stock.

Veralto Price Performance

Shares of Veralto stock opened at $99.29 on Thursday. Veralto Co. has a 52-week low of $85.91 and a 52-week high of $115.00. The stock has a market capitalization of $24.58 billion, a price-to-earnings ratio of 29.73, a price-to-earnings-growth ratio of 4.24 and a beta of 1.11. The company has a fifty day moving average of $100.11 and a 200-day moving average of $104.59. The company has a debt-to-equity ratio of 1.27, a quick ratio of 1.69 and a current ratio of 1.92.

Veralto (NYSE:VLTO) last announced its quarterly earnings data on Tuesday, February 4th. The company reported $0.95 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.90 by $0.05. Veralto had a net margin of 16.04% and a return on equity of 49.29%. Equities research analysts expect that Veralto Co. will post 3.66 EPS for the current year.

Veralto Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Monday, March 31st will be given a dividend of $0.11 per share. The ex-dividend date of this dividend is Monday, March 31st. This represents a $0.44 annualized dividend and a yield of 0.44%. Veralto’s payout ratio is currently 13.17%.

Insider Buying and Selling at Veralto

In other Veralto news, SVP Surekha Trivedi sold 590 shares of the stock in a transaction on Tuesday, February 25th. The shares were sold at an average price of $100.35, for a total transaction of $59,206.50. Following the completion of the sale, the senior vice president now owns 8,470 shares of the company’s stock, valued at $849,964.50. This represents a 6.51 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Jennifer Honeycutt sold 10,414 shares of the company’s stock in a transaction on Tuesday, February 25th. The stock was sold at an average price of $100.35, for a total transaction of $1,045,044.90. Following the completion of the transaction, the chief executive officer now owns 104,496 shares of the company’s stock, valued at $10,486,173.60. This trade represents a 9.06 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 11,467 shares of company stock valued at $1,150,366 in the last quarter. Company insiders own 0.31% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently weighed in on VLTO shares. Jefferies Financial Group started coverage on shares of Veralto in a report on Thursday, December 12th. They set a “buy” rating and a $125.00 target price on the stock. Royal Bank of Canada decreased their target price on shares of Veralto from $111.00 to $110.00 and set a “sector perform” rating on the stock in a report on Thursday, February 6th. Stifel Nicolaus cut their price target on shares of Veralto from $116.00 to $110.00 and set a “buy” rating for the company in a research note on Thursday, February 6th. Finally, Citigroup cut their price target on shares of Veralto from $118.00 to $116.00 and set a “neutral” rating for the company in a research note on Monday, January 13th. Six investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $113.50.

Veralto Profile

Veralto Corporation provides water analytics, water treatment, marking and coding, and packaging and color services worldwide. It operates through two segments, Water Quality (WQ) and Product Quality & Innovation (PQI). The WQ segment offers precision instrumentation and water treatment technologies to measure, analyze, and treat water in residential, commercial, municipal, industrial, research, and natural resource applications through the Hach, Trojan Technologies, and ChemTreat brands.