Transcend Capital Advisors LLC Boosts Holdings in Veralto Co. (NYSE:VLTO)

Transcend Capital Advisors LLC lifted its stake in Veralto Co. (NYSE:VLTO) by 37.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 4,375 shares of the company’s stock after purchasing an additional 1,186 shares during the period. Transcend Capital Advisors LLC’s holdings in Veralto were worth $446,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. State Street Corp lifted its position in Veralto by 9.8% during the 3rd quarter. State Street Corp now owns 9,599,499 shares of the company’s stock valued at $1,074,654,000 after acquiring an additional 860,608 shares during the period. Geode Capital Management LLC lifted its position in Veralto by 10.5% during the 3rd quarter. Geode Capital Management LLC now owns 5,868,620 shares of the company’s stock valued at $654,232,000 after acquiring an additional 558,393 shares during the period. Nordea Investment Management AB lifted 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 valued at $400,928,000 after acquiring an additional 1,009,170 shares during the period. FMR LLC lifted its position in Veralto by 5.1% during the 3rd quarter. FMR LLC now owns 3,329,717 shares of the company’s stock valued at $372,462,000 after acquiring an additional 162,347 shares during the period. Finally, Janus Henderson Group PLC lifted its position in Veralto by 0.4% during the 3rd quarter. Janus Henderson Group PLC now owns 2,885,996 shares of the company’s stock valued at $322,827,000 after acquiring an additional 11,430 shares during the period. 91.28% of the stock is owned by hedge funds and other institutional investors.

Veralto Stock Up 0.5 %

NYSE:VLTO opened at $98.21 on Friday. The firm has a 50-day simple moving average of $101.42 and a two-hundred day simple moving average of $105.90. Veralto Co. has a fifty-two week low of $85.70 and a fifty-two week high of $115.00. The firm has a market cap of $24.29 billion, a P/E ratio of 29.41, a P/E/G ratio of 4.24 and a beta of 1.06. The company has a debt-to-equity ratio of 1.27, a quick ratio of 1.69 and a current ratio of 1.92.

Veralto (NYSE:VLTO) last announced its quarterly earnings results on Tuesday, February 4th. The company reported $0.95 EPS for the quarter, topping 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%. Analysts predict that Veralto Co. will post 3.66 earnings per share for the current fiscal year.

Veralto Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, January 31st. Stockholders of record on Tuesday, December 31st were paid a $0.11 dividend. The ex-dividend date was Tuesday, December 31st. This is a positive change from Veralto’s previous quarterly dividend of $0.09. This represents a $0.44 dividend on an annualized basis and a dividend yield of 0.45%. Veralto’s payout ratio is currently 13.17%.

Analyst Ratings Changes

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

Insider Transactions at Veralto

In other news, SVP Melissa Aquino sold 463 shares of Veralto stock in a transaction that occurred 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 directly owns 20,761 shares in the company, valued at $2,067,795.60. The trade was a 2.18 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 0.31% 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.