OneDigital Investment Advisors LLC Grows Position in Veralto Co. (NYSE:VLTO)

OneDigital Investment Advisors LLC grew its position in shares of Veralto Co. (NYSE:VLTO) by 5.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 5,022 shares of the company’s stock after acquiring an additional 237 shares during the quarter. OneDigital Investment Advisors LLC’s holdings in Veralto were worth $511,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently made changes to their positions in the company. Norges Bank purchased a new stake in shares of Veralto during the 4th quarter valued at $289,028,000. First Trust Advisors LP increased its holdings in Veralto by 222.3% during the fourth quarter. First Trust Advisors LP now owns 2,602,399 shares of the company’s stock worth $265,054,000 after buying an additional 1,794,992 shares during the last quarter. Champlain Investment Partners LLC purchased a new stake in Veralto during the fourth quarter worth about $133,058,000. Nordea Investment Management AB raised its position in 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 acquiring an additional 1,009,170 shares during the period. Finally, Principal Financial Group Inc. boosted its stake in Veralto by 207.2% in the third quarter. Principal Financial Group Inc. now owns 1,122,898 shares of the company’s stock valued at $125,608,000 after acquiring an additional 757,389 shares during the last quarter. Hedge funds and other institutional investors own 91.28% of the company’s stock.

Insider Buying and Selling

In other news, SVP Surekha Trivedi sold 590 shares of Veralto stock in a transaction dated Tuesday, February 25th. The stock was sold at an average price of $100.35, for a total transaction of $59,206.50. Following the completion of the sale, the senior vice president now owns 8,470 shares in the company, valued at approximately $849,964.50. This trade represents a 6.51 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Jennifer Honeycutt sold 10,414 shares of the company’s stock in a transaction that occurred on Monday, March 24th. The stock was sold at an average price of $98.56, for a total transaction of $1,026,403.84. Following the completion of the transaction, the chief executive officer now owns 116,637 shares in the company, valued at approximately $11,495,742.72. This trade represents a 8.20 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 22,471 shares of company stock worth $2,234,030 over the last ninety days. 0.36% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the stock. Royal Bank of Canada lowered their price target 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. Stifel Nicolaus lowered their target price on Veralto from $110.00 to $102.00 and set a “buy” rating on the stock in a research note on Wednesday, April 16th. Finally, Citigroup cut their price target on Veralto from $116.00 to $100.00 and set a “neutral” rating for the company in a research note on Monday, April 14th. Six analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $111.10.

Veralto Stock Up 0.7 %

VLTO stock opened at $92.40 on Monday. The stock has a 50-day simple moving average of $95.01 and a two-hundred day simple moving average of $100.91. Veralto Co. has a twelve month low of $83.87 and a twelve month high of $115.00. The firm has a market capitalization of $22.92 billion, a PE ratio of 27.66, a PEG ratio of 4.24 and a beta of 0.97. 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 (NYSE:VLTO) last issued its quarterly earnings data 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%. On average, equities analysts predict that Veralto Co. will post 3.66 EPS for the current fiscal year.

Veralto Announces Dividend

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 dividend of $0.11 per share. This represents a $0.44 annualized dividend and a yield of 0.48%. The ex-dividend date is Monday, March 31st. Veralto’s dividend payout ratio is 13.17%.

About Veralto

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.