CoreFirst Bank & Trust Buys Shares of 865 Veralto Co. (NYSE:VLTO)

CoreFirst Bank & Trust bought a new position in shares of Veralto Co. (NYSE:VLTO) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 865 shares of the company’s stock, valued at approximately $88,000.

Several other institutional investors also recently modified their holdings of VLTO. Nordea Investment Management AB grew its position in Veralto by 34.6% during the 4th quarter. Nordea Investment Management AB now owns 3,923,747 shares of the company’s stock worth $400,928,000 after acquiring an additional 1,009,170 shares during the last quarter. State Street Corp grew its holdings in shares of Veralto by 9.8% during the third quarter. State Street Corp now owns 9,599,499 shares of the company’s stock worth $1,074,654,000 after purchasing an additional 860,608 shares during the last quarter. Principal Financial Group Inc. increased its stake in shares of Veralto by 207.2% in the third 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. Geode Capital Management LLC raised its holdings in Veralto by 10.5% in the 3rd quarter. Geode Capital Management LLC now owns 5,868,620 shares of the company’s stock valued at $654,232,000 after buying an additional 558,393 shares during the last quarter. Finally, Raymond James Financial Inc. acquired a new stake in Veralto during the 4th quarter worth approximately $51,986,000. 91.28% of the stock is currently owned by institutional investors and hedge funds.

Veralto Stock Down 0.5 %

Shares of Veralto stock opened at $97.74 on Wednesday. The firm has a market cap of $24.20 billion, a price-to-earnings ratio of 29.26, a PEG ratio of 4.24 and a beta of 1.11. The stock’s 50-day moving average is $99.83 and its 200 day moving average is $104.19. The company has a debt-to-equity ratio of 1.27, a current ratio of 1.92 and a quick ratio of 1.69. Veralto Co. has a one year low of $85.91 and a one year high of $115.00.

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

Veralto Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Monday, March 31st will be paid a $0.11 dividend. This represents a $0.44 annualized dividend and a yield of 0.45%. The ex-dividend date is Monday, March 31st. Veralto’s dividend payout ratio (DPR) is currently 13.17%.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on VLTO. Stifel Nicolaus dropped their price target on shares of Veralto from $116.00 to $110.00 and set a “buy” rating for the company in a research note on Thursday, February 6th. Royal Bank of Canada lowered their target price on Veralto from $111.00 to $110.00 and set a “sector perform” rating for the company in a research report on Thursday, February 6th. Citigroup cut their target price on Veralto from $118.00 to $116.00 and set a “neutral” rating on the stock in a report on Monday, January 13th. Finally, Jefferies Financial Group assumed coverage on Veralto in a research note on Thursday, December 12th. They issued a “buy” rating and a $125.00 price target for the company. Six research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $113.50.

Insider Activity

In related news, SVP Melissa Aquino sold 463 shares of Veralto stock in a transaction on Tuesday, February 11th. The shares were sold at an average price of $99.60, for a total value of $46,114.80. Following the completion of the sale, the senior vice president now owns 20,761 shares of the company’s stock, valued at approximately $2,067,795.60. This trade represents a 2.18 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Jennifer Honeycutt sold 10,414 shares of the company’s stock in a transaction on 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 transaction, the chief executive officer now owns 104,496 shares in the company, valued at approximately $10,486,173.60. The trade was a 9.06 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 21,881 shares of company stock worth $2,176,770. Company insiders own 0.31% of the company’s stock.

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.