Wealthfront Advisers LLC Has $8.79 Million Stock Holdings in Veralto Co. (NYSE:VLTO)

Wealthfront Advisers LLC boosted its holdings in Veralto Co. (NYSE:VLTO) by 1,065.5% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 86,282 shares of the company’s stock after acquiring an additional 78,879 shares during the quarter. Wealthfront Advisers LLC’s holdings in Veralto were worth $8,788,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in the business. Savant Capital LLC lifted its position in Veralto by 0.5% in the 4th quarter. Savant Capital LLC now owns 20,177 shares of the company’s stock valued at $2,055,000 after acquiring an additional 98 shares in the last quarter. Brown Brothers Harriman & Co. lifted its position in shares of Veralto by 2.6% during the 3rd quarter. Brown Brothers Harriman & Co. now owns 3,851 shares of the company’s stock worth $431,000 after buying an additional 99 shares in the last quarter. Tokio Marine Asset Management Co. Ltd. lifted its position in shares of Veralto by 1.4% during the 3rd quarter. Tokio Marine Asset Management Co. Ltd. now owns 7,338 shares of the company’s stock worth $821,000 after buying an additional 100 shares in the last quarter. Allworth Financial LP lifted its position in shares of Veralto by 19.4% during the 4th quarter. Allworth Financial LP now owns 622 shares of the company’s stock worth $64,000 after buying an additional 101 shares in the last quarter. Finally, 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 worth $645,000 after buying an additional 103 shares in the last quarter. Institutional investors own 91.28% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have commented on VLTO. Citigroup dropped their target price on shares of Veralto from $118.00 to $116.00 and set a “neutral” rating on the stock in a research report on Monday, January 13th. Royal Bank of Canada dropped their target price on shares of Veralto from $111.00 to $110.00 and set a “sector perform” rating on the stock 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 target price on the stock. Finally, Stifel Nicolaus dropped their target price on shares of Veralto from $116.00 to $110.00 and set a “buy” rating on the stock in a research report on Thursday, February 6th. Six investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $113.50.

Veralto Trading Down 1.6 %

Shares of VLTO stock opened at $95.41 on Thursday. The company has a 50 day moving average of $100.43 and a 200-day moving average of $105.06. The company has a quick ratio of 1.69, a current ratio of 1.92 and a debt-to-equity ratio of 1.27. Veralto Co. has a 12-month low of $85.90 and a 12-month high of $115.00. The firm has a market cap of $23.62 billion, a P/E ratio of 28.57, a PEG ratio of 4.24 and a beta of 1.11.

Veralto (NYSE:VLTO) last released its quarterly earnings data on Tuesday, February 4th. The company reported $0.95 earnings per share 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%. Sell-side analysts anticipate that Veralto Co. will post 3.66 earnings per share for the current year.

Veralto Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Monday, March 31st will be paid a $0.11 dividend. The ex-dividend date is Monday, March 31st. This represents a $0.44 dividend on an annualized basis and a yield of 0.46%. Veralto’s dividend payout ratio is 13.17%.

Insider Activity at Veralto

In other news, SVP Surekha Trivedi sold 590 shares of the business’s stock in a transaction on Tuesday, February 25th. The shares were sold at an average price of $100.35, for a total transaction of $59,206.50. Following the completion of the transaction, the senior vice president now directly owns 8,470 shares in the company, valued at $849,964.50. The trade was a 6.51 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP Melissa Aquino sold 463 shares of the business’s stock in a transaction on Tuesday, February 11th. The shares were sold at an average price of $99.60, for a total transaction of $46,114.80. Following the transaction, the senior vice president now owns 20,761 shares of the company’s stock, valued at $2,067,795.60. This trade represents a 2.18 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 11,467 shares of company stock worth $1,150,366. Corporate 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.