Bokf Na Sells 878 Shares of Veralto Co. (NYSE:VLTO)

Bokf Na cut its holdings in shares of Veralto Co. (NYSE:VLTO) by 4.2% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 19,877 shares of the company’s stock after selling 878 shares during the period. Bokf Na’s holdings in Veralto were worth $1,990,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Park Avenue Securities LLC boosted its position in Veralto by 18.4% during the 4th quarter. Park Avenue Securities LLC now owns 17,228 shares of the company’s stock worth $1,755,000 after buying an additional 2,676 shares during the period. Czech National Bank grew its stake in shares of Veralto by 6.5% in the fourth quarter. Czech National Bank now owns 53,622 shares of the company’s stock worth $5,461,000 after purchasing an additional 3,284 shares during the last quarter. Assenagon Asset Management S.A. increased its holdings in Veralto by 15.5% in the fourth quarter. Assenagon Asset Management S.A. now owns 14,115 shares of the company’s stock valued at $1,438,000 after purchasing an additional 1,889 shares during the period. David Wealth Management LLC bought a new position in Veralto during the 4th quarter worth $1,013,000. Finally, Border to Coast Pensions Partnership Ltd lifted its holdings in Veralto by 497.8% during the 4th quarter. Border to Coast Pensions Partnership Ltd now owns 314,180 shares of the company’s stock worth $31,978,000 after buying an additional 261,623 shares during the period. Institutional investors and hedge funds own 91.28% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently commented on VLTO. Stifel Nicolaus lifted their price objective on Veralto from $102.00 to $104.00 and gave the stock a “buy” rating in a research note on Thursday, May 1st. Northcoast Research started coverage on shares of Veralto in a research note on Tuesday. They issued a “buy” rating and a $110.00 price objective on the stock. Robert W. Baird lifted their target price on shares of Veralto from $105.00 to $106.00 and gave the stock a “neutral” rating in a research note on Thursday, May 1st. Citigroup dropped their price objective on Veralto from $116.00 to $100.00 and set a “neutral” rating on the stock in a research note on Monday, April 14th. Finally, Royal Bank of Canada raised their target price on Veralto from $103.00 to $104.00 and gave the stock a “sector perform” rating in a research note on Thursday, May 1st. Six analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $110.09.

Veralto Stock Up 1.2 %

Shares of NYSE VLTO opened at $97.28 on Friday. The company has a debt-to-equity ratio of 1.27, a current ratio of 1.92 and a quick ratio of 1.69. The company has a 50-day moving average price of $94.26 and a 200-day moving average price of $99.96. The stock has a market capitalization of $24.11 billion, a P/E ratio of 29.13, a P/E/G ratio of 4.24 and a beta of 0.99. Veralto Co. has a 1 year low of $83.87 and a 1 year high of $115.00.

Veralto (NYSE:VLTO) last issued its quarterly earnings data on Tuesday, April 29th. The company reported $0.95 EPS for the quarter, topping analysts’ consensus estimates of $0.87 by $0.08. Veralto had a return on equity of 49.29% and a net margin of 16.04%. The firm had revenue of $1.33 billion during the quarter, compared to analyst estimates of $1.28 billion. During the same period in the previous year, the company posted $0.84 EPS. The company’s revenue for the quarter was up 6.9% on a year-over-year basis. On average, equities research analysts forecast that Veralto Co. will post 3.66 EPS for the current fiscal year.

Veralto Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, April 30th. Stockholders of record on Monday, March 31st were issued a $0.11 dividend. The ex-dividend date was Monday, March 31st. This represents a $0.44 annualized dividend and a dividend yield of 0.45%. Veralto’s dividend payout ratio is currently 12.57%.

Insider Activity at Veralto

In other Veralto news, CEO Jennifer Honeycutt sold 10,418 shares of the business’s stock in a transaction on Wednesday, April 30th. The stock was sold at an average price of $95.00, for a total value of $989,710.00. Following the transaction, the chief executive officer now owns 106,219 shares of the company’s stock, valued at approximately $10,090,805. The trade was a 8.93 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Melissa Aquino sold 31,689 shares of the company’s stock in a transaction on Thursday, May 1st. The shares were sold at an average price of $93.67, for a total value of $2,968,308.63. Following the completion of the transaction, the senior vice president now owns 17,434 shares of the company’s stock, valued at $1,633,042.78. This trade represents a 64.51 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 64,578 shares of company stock valued at $6,192,048 over the last ninety days. Corporate insiders own 0.36% of the company’s stock.

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.