Captrust Financial Advisors Has $3.36 Million Stock Position in Veralto Co. (NYSE:VLTO)

Captrust Financial Advisors cut its stake in Veralto Co. (NYSE:VLTO) by 0.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 32,944 shares of the company’s stock after selling 254 shares during the period. Captrust Financial Advisors’ holdings in Veralto were worth $3,355,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in VLTO. Norges Bank bought a new position in shares of Veralto during the 4th quarter worth approximately $289,028,000. First Trust Advisors LP increased its stake in Veralto by 222.3% in the fourth quarter. First Trust Advisors LP now owns 2,602,399 shares of the company’s stock valued at $265,054,000 after purchasing an additional 1,794,992 shares in the last quarter. Champlain Investment Partners LLC acquired a new position in shares of Veralto during the fourth quarter valued at about $133,058,000. BNP Paribas Financial Markets bought a new position in shares of Veralto during the 4th quarter worth about $96,888,000. Finally, Principal Financial Group Inc. grew its stake in shares of Veralto by 207.2% in the 3rd quarter. Principal Financial Group Inc. now owns 1,122,898 shares of the company’s stock valued at $125,608,000 after buying an additional 757,389 shares during the period. Institutional investors own 91.28% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on VLTO shares. Royal Bank of Canada upped their target price on Veralto from $103.00 to $104.00 and gave the stock a “sector perform” rating in a research report on Thursday, May 1st. Robert W. Baird boosted their target price on shares of Veralto from $105.00 to $106.00 and gave the stock a “neutral” rating in a research report on Thursday, May 1st. Citigroup cut their price target on Veralto from $116.00 to $100.00 and set a “neutral” rating for the company in a research note on Monday, April 14th. Stifel Nicolaus increased 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. Finally, Northcoast Research started coverage on Veralto in a report on Tuesday, May 6th. They issued a “buy” rating and a $110.00 target price on the stock. Six analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, Veralto presently has an average rating of “Hold” and an average target price of $110.09.

Veralto Price Performance

Shares of NYSE:VLTO opened at $97.07 on Friday. Veralto Co. has a fifty-two week low of $83.87 and a fifty-two week high of $115.00. The company’s 50-day moving average is $94.22 and its 200 day moving average is $99.78. 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 company has a market capitalization of $24.06 billion, a P/E ratio of 29.06, a price-to-earnings-growth ratio of 4.24 and a beta of 0.99.

Veralto (NYSE:VLTO) last released its earnings results on Tuesday, April 29th. The company reported $0.95 earnings per share for the quarter, beating analysts’ consensus estimates of $0.87 by $0.08. The firm had revenue of $1.33 billion during the quarter, compared to the consensus estimate of $1.28 billion. Veralto had a net margin of 16.04% and a return on equity of 49.29%. The company’s revenue was up 6.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.84 EPS. On average, equities research analysts forecast that Veralto Co. will post 3.66 earnings per share for the current year.

Veralto Dividend Announcement

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

Insider Buying and Selling

In related news, CEO Jennifer Honeycutt sold 10,414 shares of the stock in a transaction dated 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 sale, the chief executive officer now owns 104,496 shares of the company’s stock, valued at approximately $10,486,173.60. This represents a 9.06 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, SVP Melissa Aquino sold 463 shares of the company’s stock in a transaction dated Tuesday, February 11th. The shares were sold at an average price of $99.60, for a total value of $46,114.80. Following the sale, the senior vice president now owns 20,761 shares in the company, valued at approximately $2,067,795.60. This represents a 2.18 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 64,578 shares of company stock valued at $6,192,048. 0.36% of the stock is owned by insiders.

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.