Russell Investments Group Ltd. Purchases 25,522 Shares of Veralto Co. (NYSE:VLTO)

Russell Investments Group Ltd. raised its position in shares of Veralto Co. (NYSE:VLTO) by 4.9% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 543,530 shares of the company’s stock after purchasing an additional 25,522 shares during the quarter. Russell Investments Group Ltd. owned 0.22% of Veralto worth $55,362,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in VLTO. Savant Capital LLC raised its holdings in Veralto by 0.5% in the 4th quarter. Savant Capital LLC now owns 20,177 shares of the company’s stock worth $2,055,000 after purchasing an additional 98 shares during the period. Allworth Financial LP raised its stake in shares of Veralto by 19.4% in the fourth quarter. Allworth Financial LP now owns 622 shares of the company’s stock worth $64,000 after buying an additional 101 shares during the period. Insigneo Advisory Services LLC lifted its position in shares of Veralto by 1.8% during the 3rd quarter. Insigneo Advisory Services LLC now owns 5,767 shares of the company’s stock valued at $645,000 after buying an additional 103 shares in the last quarter. Quent Capital LLC grew its stake in shares of Veralto by 17.3% during the 4th quarter. Quent Capital LLC now owns 699 shares of the company’s stock valued at $71,000 after acquiring an additional 103 shares during the period. Finally, Raleigh Capital Management Inc. increased its holdings in Veralto by 35.3% in the 4th quarter. Raleigh Capital Management Inc. now owns 418 shares of the company’s stock worth $43,000 after acquiring an additional 109 shares in the last quarter. Hedge funds and other institutional investors own 91.28% of the company’s stock.

Insider Activity

In related news, SVP Melissa Aquino sold 463 shares of the 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 directly owns 20,761 shares of the company’s stock, valued at $2,067,795.60. This represents a 2.18 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Jennifer Honeycutt sold 10,414 shares of the business’s stock in a transaction that occurred on Tuesday, February 25th. The shares were sold at an average price of $100.35, for a total value of $1,045,044.90. Following the transaction, the chief executive officer now owns 104,496 shares of the company’s stock, valued at $10,486,173.60. This trade represents a 9.06 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 22,471 shares of company stock valued at $2,234,030 in the last ninety days. Insiders own 0.31% of the company’s stock.

Veralto Stock Down 5.5 %

Shares of VLTO opened at $88.71 on Monday. 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 stock has a market capitalization of $22.00 billion, a price-to-earnings ratio of 26.56, a price-to-earnings-growth 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 simple moving average is $98.73 and its 200-day simple moving average is $103.45.

Veralto (NYSE:VLTO) last released its quarterly earnings results on Tuesday, February 4th. The company reported $0.95 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.90 by $0.05. Veralto had a net margin of 16.04% and a return on equity of 49.29%. As a group, equities analysts expect that Veralto Co. will post 3.66 earnings per share for the current fiscal year.

Veralto Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Monday, March 31st will be given a dividend of $0.11 per share. The ex-dividend date is Monday, March 31st. This represents a $0.44 dividend on an annualized basis and a yield of 0.50%. Veralto’s dividend payout ratio (DPR) is presently 13.17%.

Wall Street Analysts Forecast Growth

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

About Veralto

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.