Alliancebernstein L.P. Sells 102,447 Shares of Veralto Co. (NYSE:VLTO)

Alliancebernstein L.P. trimmed its holdings in Veralto Co. (NYSE:VLTO) by 2.1% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 4,872,061 shares of the company’s stock after selling 102,447 shares during the period. Alliancebernstein L.P. owned 1.97% of Veralto worth $496,219,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the business. OFI Invest Asset Management bought a new stake in Veralto in the fourth quarter worth $26,000. BankPlus Trust Department acquired a new stake in shares of Veralto in the fourth quarter worth about $29,000. Albion Financial Group UT boosted its stake in shares of Veralto by 2,100.0% during the 4th quarter. Albion Financial Group UT now owns 352 shares of the company’s stock worth $36,000 after acquiring an additional 336 shares in the last quarter. Geneos Wealth Management Inc. acquired a new position in shares of Veralto during the 4th quarter valued at about $42,000. Finally, Erste Asset Management GmbH bought a new position in shares of Veralto in the 3rd quarter valued at approximately $46,000. Institutional investors and hedge funds own 91.28% of the company’s stock.

Analysts Set New Price Targets

VLTO has been the subject of a number of recent analyst reports. Stifel Nicolaus decreased their target price on Veralto from $116.00 to $110.00 and set a “buy” rating for the company in a research report on Thursday, February 6th. Jefferies Financial Group began coverage on shares of Veralto in a report on Thursday, December 12th. They set a “buy” rating and a $125.00 price objective for the company. Royal Bank of Canada dropped 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. Finally, Citigroup decreased their price target on shares of Veralto from $118.00 to $116.00 and set a “neutral” rating for the company in a report on Monday, January 13th. Six research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $113.50.

Insider Transactions at Veralto

In related news, SVP Surekha Trivedi sold 590 shares of the firm’s stock in a transaction that occurred on Tuesday, February 25th. The stock was sold at an average price of $100.35, for a total transaction of $59,206.50. Following the completion of the transaction, the senior vice president now owns 8,470 shares in the company, valued at $849,964.50. This trade represents a 6.51 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Jennifer Honeycutt sold 10,414 shares of the business’s stock in a transaction on Monday, March 24th. The shares were sold at an average price of $98.56, for a total value of $1,026,403.84. Following the completion of the sale, the chief executive officer now directly owns 116,637 shares in the company, valued at approximately $11,495,742.72. This represents a 8.20 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 21,881 shares of company stock valued at $2,176,770. Company insiders own 0.31% of the company’s stock.

Veralto Stock Down 2.0 %

NYSE VLTO opened at $95.97 on Monday. Veralto Co. has a twelve month low of $85.91 and a twelve month high of $115.00. 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 stock has a market cap of $23.76 billion, a PE ratio of 28.73, a PEG ratio of 4.24 and a beta of 1.11. The firm has a 50-day simple moving average of $99.48 and a 200 day simple moving average of $103.94.

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

Veralto Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Monday, March 31st will be paid a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a dividend yield of 0.46%. The ex-dividend date is Monday, March 31st. Veralto’s dividend payout ratio is 13.17%.

Veralto Company 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.