Whittier Trust Co. Sells 974 Shares of Veralto Co. (NYSE:VLTO)

Whittier Trust Co. reduced its holdings in Veralto Co. (NYSE:VLTO) by 12.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 6,944 shares of the company’s stock after selling 974 shares during the period. Whittier Trust Co.’s holdings in Veralto were worth $707,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in VLTO. OFI Invest Asset Management bought a new stake in shares of Veralto during the fourth quarter valued at approximately $26,000. BankPlus Trust Department bought a new stake in shares of Veralto during the fourth quarter valued at approximately $29,000. Albion Financial Group UT increased its position in shares of Veralto by 2,100.0% during the fourth quarter. Albion Financial Group UT now owns 352 shares of the company’s stock valued at $36,000 after purchasing an additional 336 shares during the period. Geneos Wealth Management Inc. bought a new stake in shares of Veralto during the fourth quarter valued at approximately $42,000. Finally, Erste Asset Management GmbH bought a new stake in shares of Veralto during the third quarter valued at approximately $46,000. 91.28% of the stock is owned by institutional investors.

Analyst Ratings Changes

VLTO has been the topic of a number of research reports. Jefferies Financial Group initiated coverage on Veralto in a research report on Thursday, December 12th. They set a “buy” rating and a $125.00 price objective on the stock. Royal Bank of Canada lowered their price objective on Veralto from $111.00 to $110.00 and set a “sector perform” rating on the stock in a research report on Thursday, February 6th. Stifel Nicolaus decreased their price target on Veralto from $116.00 to $110.00 and set a “buy” rating on the stock in a research note on Thursday, February 6th. Finally, Citigroup decreased their price target on Veralto from $118.00 to $116.00 and set a “neutral” rating on the stock in a research note on Monday, January 13th. Six equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, Veralto presently has an average rating of “Hold” and an average price target of $113.50.

Veralto Price Performance

Veralto stock opened at $97.56 on Friday. The company has a debt-to-equity ratio of 1.27, a quick ratio of 1.69 and a current ratio of 1.92. The firm has a market cap of $24.15 billion, a P/E ratio of 29.21, a P/E/G ratio of 4.24 and a beta of 1.11. The business’s fifty day moving average is $99.98 and its two-hundred day moving average is $104.40. Veralto Co. has a 52 week low of $85.91 and a 52 week high of $115.00.

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

Veralto Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders 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 dividend on an annualized basis and a dividend yield of 0.45%. Veralto’s payout ratio is currently 13.17%.

Insider Transactions at Veralto

In related news, SVP Surekha Trivedi sold 590 shares of the company’s stock in a transaction dated Tuesday, February 25th. The stock was sold at an average price of $100.35, for a total value of $59,206.50. Following the completion of the sale, the senior vice president now owns 8,470 shares in the company, valued at approximately $849,964.50. This represents a 6.51 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO Jennifer Honeycutt sold 10,414 shares of the company’s stock in a transaction dated Tuesday, February 25th. The shares were sold at an average price of $100.35, for a total value of $1,045,044.90. Following the completion of the sale, the chief executive officer now owns 104,496 shares of the company’s stock, valued at $10,486,173.60. This represents a 9.06 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 11,467 shares of company stock worth $1,150,366 over the last 90 days. 0.31% of the stock is owned by insiders.

About Veralto

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.