Violich Capital Management Inc. Sells 166 Shares of Veralto Co. (NYSE:VLTO)

Violich Capital Management Inc. lessened its holdings in Veralto Co. (NYSE:VLTO) by 2.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,812 shares of the company’s stock after selling 166 shares during the quarter. Violich Capital Management Inc.’s holdings in Veralto were worth $592,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in VLTO. Nordea Investment Management AB lifted its position in shares of Veralto by 34.6% in the fourth quarter. Nordea Investment Management AB now owns 3,923,747 shares of the company’s stock worth $400,928,000 after purchasing an additional 1,009,170 shares in the last quarter. State Street Corp lifted its position in shares of Veralto by 9.8% in 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 in the last quarter. Principal Financial Group Inc. lifted its position 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 worth $125,608,000 after purchasing an additional 757,389 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of Veralto by 10.5% in the third quarter. Geode Capital Management LLC now owns 5,868,620 shares of the company’s stock worth $654,232,000 after purchasing an additional 558,393 shares in the last quarter. Finally, Robeco Institutional Asset Management B.V. increased its holdings in Veralto by 628.4% during the fourth quarter. Robeco Institutional Asset Management B.V. now owns 579,261 shares of the company’s stock worth $58,998,000 after buying an additional 499,735 shares during the last quarter. Institutional investors own 91.28% of the company’s stock.

Veralto Price Performance

NYSE:VLTO opened at $99.88 on Tuesday. The company has a debt-to-equity ratio of 1.27, a current ratio of 1.92 and a quick ratio of 1.87. The firm’s fifty day moving average price is $102.92 and its two-hundred day moving average price is $106.34. Veralto Co. has a one year low of $81.23 and a one year high of $115.00. The company has a market cap of $24.70 billion, a P/E ratio of 29.90, a P/E/G ratio of 4.21 and a beta of 1.06.

Veralto (NYSE:VLTO) last released its quarterly earnings results on Tuesday, February 4th. The company reported $0.95 EPS for the quarter, beating 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 analysts expect that Veralto Co. will post 3.63 earnings per share for the current year.

Veralto Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, January 31st. Investors of record on Tuesday, December 31st were paid a $0.11 dividend. The ex-dividend date of this dividend was Tuesday, December 31st. This is an increase from Veralto’s previous quarterly dividend of $0.09. This represents a $0.44 annualized dividend and a dividend yield of 0.44%. Veralto’s dividend payout ratio is 13.17%.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the stock. Royal Bank of Canada lowered their target price on shares of Veralto from $111.00 to $110.00 and set a “sector perform” rating on the stock in a report on Thursday, February 6th. Citigroup lowered their target price on shares of Veralto from $118.00 to $116.00 and set a “neutral” rating on the stock in a report on Monday, January 13th. Jefferies Financial Group assumed coverage on shares of Veralto in a report on Thursday, December 12th. They set a “buy” rating and a $125.00 target price on the stock. Finally, Stifel Nicolaus lowered their target price on shares of Veralto from $116.00 to $110.00 and set a “buy” rating on the stock in a report on Thursday, February 6th. Six research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat, Veralto currently has an average rating of “Hold” and a consensus target price of $112.55.

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.