Veralto Co. (NYSE:VLTO) Shares Purchased by Buffington Mohr McNeal

Buffington Mohr McNeal lifted its holdings in Veralto Co. (NYSE:VLTO) by 8.4% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 4,109 shares of the company’s stock after purchasing an additional 318 shares during the quarter. Buffington Mohr McNeal’s holdings in Veralto were worth $419,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of VLTO. Brown Brothers Harriman & Co. lifted its holdings in Veralto by 2.6% in the 3rd quarter. Brown Brothers Harriman & Co. now owns 3,851 shares of the company’s stock valued at $431,000 after acquiring an additional 99 shares during the last quarter. Tokio Marine Asset Management Co. Ltd. boosted its holdings in Veralto by 1.4% during the third 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. Strategic Blueprint LLC boosted its holdings in Veralto by 4.5% during the third quarter. Strategic Blueprint LLC now owns 2,394 shares of the company’s stock worth $268,000 after buying an additional 102 shares in the last quarter. Insigneo Advisory Services LLC increased its holdings in shares of Veralto by 1.8% in the third quarter. Insigneo Advisory Services LLC now owns 5,767 shares of the company’s stock valued at $645,000 after buying an additional 103 shares in the last quarter. Finally, Graypoint LLC lifted its position in shares of Veralto by 2.4% during the 3rd quarter. Graypoint LLC now owns 4,514 shares of the company’s stock valued at $505,000 after acquiring an additional 107 shares during the last quarter. 91.28% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, SVP Surekha Trivedi sold 752 shares of the stock in a transaction that occurred on Friday, November 1st. The stock was sold at an average price of $102.91, for a total transaction of $77,388.32. Following the sale, the senior vice president now directly owns 10,413 shares in the company, valued at $1,071,601.83. This represents a 6.74 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.31% of the company’s stock.

Veralto Stock Performance

VLTO opened at $103.25 on Tuesday. Veralto Co. has a 12-month low of $75.05 and a 12-month high of $115.00. The firm has a market capitalization of $25.54 billion, a P/E ratio of 31.87, a price-to-earnings-growth ratio of 4.31 and a beta of 1.06. The stock’s 50 day moving average price is $103.97 and its two-hundred day moving average price is $106.16. The company has a quick ratio of 1.87, a current ratio of 2.13 and a debt-to-equity ratio of 1.35.

Veralto Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Tuesday, December 31st will be paid a dividend of $0.11 per share. This is a boost from Veralto’s previous quarterly dividend of $0.09. This represents a $0.44 annualized dividend and a yield of 0.43%. The ex-dividend date of this dividend is Tuesday, December 31st. Veralto’s dividend payout ratio is presently 13.58%.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the company. Royal Bank of Canada lifted their target price on Veralto from $108.00 to $111.00 and gave the stock a “sector perform” rating in a report on Friday, October 25th. Stifel Nicolaus cut their price objective on Veralto from $117.00 to $116.00 and set a “buy” rating on the stock in a report on Friday. BMO Capital Markets raised their target price on shares of Veralto from $117.00 to $119.00 and gave the stock an “outperform” rating in a report on Monday, September 30th. Jefferies Financial Group initiated coverage on shares of Veralto in a report on Thursday, December 12th. They set a “buy” rating and a $125.00 price target on the stock. Finally, Citigroup cut their target price on shares of Veralto from $118.00 to $116.00 and set a “neutral” rating on the stock in a research note on Monday, January 13th. Six analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, Veralto has a consensus rating of “Hold” and a consensus target price of $113.18.

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.