Grantham Mayo Van Otterloo & Co. LLC Sells 84,130 Shares of Veralto Co. (NYSE:VLTO)

Grantham Mayo Van Otterloo & Co. LLC lessened its position in Veralto Co. (NYSE:VLTO) by 46.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 97,445 shares of the company’s stock after selling 84,130 shares during the quarter. Grantham Mayo Van Otterloo & Co. LLC’s holdings in Veralto were worth $9,925,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of VLTO. OFI Invest Asset Management bought a new position in shares of Veralto in the fourth quarter worth about $26,000. BankPlus Trust Department acquired a new stake in Veralto in the 4th quarter valued at approximately $29,000. Albion Financial Group UT increased its position in Veralto by 2,100.0% in the 4th quarter. Albion Financial Group UT now owns 352 shares of the company’s stock worth $36,000 after buying an additional 336 shares during the period. Geneos Wealth Management Inc. acquired a new position in shares of Veralto during the fourth quarter worth approximately $42,000. Finally, Raleigh Capital Management Inc. boosted its position in shares of Veralto by 35.3% in the fourth quarter. Raleigh Capital Management Inc. now owns 418 shares of the company’s stock valued at $43,000 after acquiring an additional 109 shares during the period. Institutional investors and hedge funds own 91.28% of the company’s stock.

Insider Buying and Selling at Veralto

In other news, CEO Jennifer Honeycutt sold 10,414 shares of the firm’s stock in a transaction on Tuesday, February 25th. The stock was 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 directly owns 104,496 shares in the company, valued at approximately $10,486,173.60. This trade represents a 9.06 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, SVP Surekha Trivedi sold 590 shares of the company’s stock in a transaction dated Tuesday, April 1st. The stock was sold at an average price of $97.05, for a total transaction of $57,259.50. Following the transaction, the senior vice president now owns 10,011 shares in the company, valued at approximately $971,567.55. This trade represents a 5.57 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 22,471 shares of company stock worth $2,234,030 over the last ninety days. Corporate insiders own 0.31% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on VLTO shares. Jefferies Financial Group initiated coverage on shares of Veralto in a research report on Thursday, December 12th. They set a “buy” rating and a $125.00 target price on the stock. Stifel Nicolaus cut their price objective on shares of Veralto from $116.00 to $110.00 and set a “buy” rating for the company in a research report on Thursday, February 6th. Royal Bank of Canada decreased their target price 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. Finally, Citigroup cut their price target on 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 assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Veralto has a consensus rating of “Hold” and a consensus price target of $113.50.

Veralto Trading Down 5.5 %

VLTO stock opened at $88.71 on Monday. The company has a current ratio of 1.92, a quick ratio of 1.69 and a debt-to-equity ratio of 1.27. The firm has a market cap of $22.00 billion, a P/E ratio of 26.56, a P/E/G ratio of 4.24 and a beta of 0.97. Veralto Co. has a 1-year low of $86.04 and a 1-year high of $115.00. The business’s 50 day moving average is $98.73 and its 200-day moving average is $103.45.

Veralto (NYSE:VLTO) last released its quarterly earnings data on Tuesday, February 4th. The company reported $0.95 earnings per share (EPS) 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%. Equities analysts anticipate that Veralto Co. will post 3.66 earnings per share for the current fiscal year.

Veralto Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Monday, March 31st will be issued a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a yield of 0.50%. The ex-dividend date of this dividend is Monday, March 31st. Veralto’s dividend payout ratio is currently 13.17%.

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.