William Blair Investment Management LLC Has $1.09 Million Holdings in Veralto Co. (NYSE:VLTO)

William Blair Investment Management LLC boosted its holdings in shares of Veralto Co. (NYSE:VLTO) by 24.0% in the fourth quarter, HoldingsChannel reports. The firm owned 10,660 shares of the company’s stock after acquiring an additional 2,065 shares during the period. William Blair Investment Management LLC’s holdings in Veralto were worth $1,086,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of VLTO. Victory Capital Management Inc. raised its holdings in shares of Veralto by 5.2% in the third quarter. Victory Capital Management Inc. now owns 100,884 shares of the company’s stock valued at $11,285,000 after buying an additional 5,030 shares during the last quarter. Oppenheimer & Co. Inc. raised its stake in shares of Veralto by 94.2% in the third quarter. Oppenheimer & Co. Inc. now owns 5,419 shares of the company’s stock worth $606,000 after acquiring an additional 2,628 shares during the last quarter. Empowered Funds LLC lifted its position in shares of Veralto by 5.2% during the third quarter. Empowered Funds LLC now owns 3,478 shares of the company’s stock worth $389,000 after purchasing an additional 172 shares in the last quarter. Thrivent Financial for Lutherans grew its stake in shares of Veralto by 4.3% during the third quarter. Thrivent Financial for Lutherans now owns 13,475 shares of the company’s stock valued at $1,507,000 after purchasing an additional 560 shares during the last quarter. Finally, Pathstone Holdings LLC increased its holdings in shares of Veralto by 0.9% in the third quarter. Pathstone Holdings LLC now owns 57,499 shares of the company’s stock valued at $6,432,000 after purchasing an additional 531 shares in the last quarter. Institutional investors own 91.28% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the company. Stifel Nicolaus cut their price target on Veralto from $116.00 to $110.00 and set a “buy” rating on the stock in a research note on Thursday, February 6th. Royal Bank of Canada cut 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. 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, Jefferies Financial Group initiated coverage on shares of Veralto in a report on Thursday, December 12th. They issued a “buy” rating and a $125.00 price objective on the stock. Six analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, Veralto has a consensus rating of “Hold” and a consensus target price of $113.50.

Insider Buying and Selling at Veralto

In related news, SVP Melissa Aquino sold 463 shares of the company’s 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 transaction, the senior vice president now directly owns 20,761 shares of the company’s stock, valued at approximately $2,067,795.60. This represents a 2.18 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Surekha Trivedi sold 590 shares of the stock in a transaction dated Tuesday, February 25th. The stock was sold at an average price of $100.35, for a total value of $59,206.50. Following the transaction, the senior vice president now owns 8,470 shares of the company’s stock, valued at approximately $849,964.50. This trade represents a 6.51 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 11,467 shares of company stock valued at $1,150,366. 0.31% of the stock is currently owned by corporate insiders.

Veralto Trading Up 0.9 %

Shares of NYSE VLTO opened at $99.29 on Thursday. Veralto Co. has a twelve month low of $85.91 and a twelve month high of $115.00. The stock has a market cap of $24.58 billion, a price-to-earnings ratio of 29.73, a P/E/G ratio of 4.24 and a beta of 1.11. The company has a quick ratio of 1.69, a current ratio of 1.92 and a debt-to-equity ratio of 1.27. The company’s fifty day moving average is $100.11 and its 200-day moving average is $104.59.

Veralto (NYSE:VLTO) last posted its 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 return on equity of 49.29% and a net margin of 16.04%. Equities research analysts predict that Veralto Co. will post 3.66 EPS for the current year.

Veralto Dividend Announcement

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

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.