NBW Capital LLC Increases Holdings in Veralto Co. (NYSE:VLTO)

NBW Capital LLC lifted its position in shares of Veralto Co. (NYSE:VLTO) by 455.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 40,371 shares of the company’s stock after acquiring an additional 33,100 shares during the quarter. NBW Capital LLC’s holdings in Veralto were worth $4,112,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. DJE Kapital AG purchased a new stake in Veralto in the 4th quarter valued at approximately $292,000. Silphium Asset Management Ltd lifted its stake in Veralto by 25.4% in the 4th quarter. Silphium Asset Management Ltd now owns 29,715 shares of the company’s stock valued at $3,026,000 after buying an additional 6,015 shares in the last quarter. Plato Investment Management Ltd lifted its stake in Veralto by 1,119.2% in the 4th quarter. Plato Investment Management Ltd now owns 2,987 shares of the company’s stock valued at $305,000 after buying an additional 2,742 shares in the last quarter. SBI Securities Co. Ltd. purchased a new stake in Veralto in the 4th quarter valued at approximately $80,000. Finally, Jones Financial Companies Lllp lifted its stake in Veralto by 26.2% in the 4th quarter. Jones Financial Companies Lllp now owns 4,469 shares of the company’s stock valued at $455,000 after buying an additional 928 shares in the last quarter. Hedge funds and other institutional investors own 91.28% of the company’s stock.

Insider Transactions at Veralto

In related news, SVP Surekha Trivedi sold 590 shares of the stock in a transaction on Tuesday, February 25th. The stock was sold at an average price of $100.35, for a total value of $59,206.50. Following the completion of the sale, the senior vice president now directly owns 8,470 shares in the company, valued at approximately $849,964.50. This represents a 6.51 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Jennifer Honeycutt sold 10,414 shares of the stock in a transaction 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 completion of the sale, the chief executive officer now owns 104,496 shares of the company’s stock, valued at approximately $10,486,173.60. This represents a 9.06 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 11,467 shares of company stock worth $1,150,366 in the last ninety days. Insiders own 0.31% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on VLTO. Royal Bank of Canada reduced 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. Jefferies Financial Group started coverage on Veralto in a research note on Thursday, December 12th. They issued a “buy” rating and a $125.00 target price on the stock. Citigroup reduced their price target on Veralto from $118.00 to $116.00 and set a “neutral” rating on the stock in a research note on Monday, January 13th. Finally, Stifel Nicolaus reduced 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. Six equities 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 a consensus rating of “Hold” and a consensus price target of $112.55.

Veralto Stock Performance

VLTO stock opened at $99.76 on Tuesday. The company has a market cap of $24.70 billion, a price-to-earnings ratio of 29.87, a PEG ratio of 4.24 and a beta of 1.06. The company has a quick ratio of 1.69, a current ratio of 1.92 and a debt-to-equity ratio of 1.27. The business has a fifty day simple moving average of $101.06 and a 200-day simple moving average of $105.60. Veralto Co. has a 52 week low of $85.90 and a 52 week high of $115.00.

Veralto (NYSE:VLTO) last released its quarterly earnings data 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 return on equity of 49.29% and a net margin of 16.04%. On average, equities research analysts expect that Veralto Co. will post 3.66 EPS for the current year.

Veralto Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 31st. Stockholders of record on Tuesday, December 31st were issued a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a dividend yield of 0.44%. This is an increase from Veralto’s previous quarterly dividend of $0.09. The ex-dividend date of this dividend was Tuesday, December 31st. Veralto’s dividend payout ratio is presently 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.