O Brien Greene & Co. Inc Grows Stock Holdings in Veralto Co. (NYSE:VLTO)

O Brien Greene & Co. Inc lifted its position in shares of Veralto Co. (NYSE:VLTO) by 0.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 57,834 shares of the company’s stock after purchasing an additional 145 shares during the period. Veralto accounts for approximately 1.9% of O Brien Greene & Co. Inc’s portfolio, making the stock its 21st largest position. O Brien Greene & Co. Inc’s holdings in Veralto were worth $5,890,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Ashton Thomas Securities LLC bought a new stake in Veralto in the third quarter valued at $25,000. Raleigh Capital Management Inc. boosted its stake in shares of Veralto by 692.3% during the 3rd quarter. Raleigh Capital Management Inc. now owns 309 shares of the company’s stock valued at $35,000 after purchasing an additional 270 shares in the last quarter. Albion Financial Group UT increased its position in shares of Veralto by 2,100.0% during the fourth quarter. Albion Financial Group UT now owns 352 shares of the company’s stock valued at $36,000 after buying an additional 336 shares during the period. Geneos Wealth Management Inc. bought a new position in Veralto in the fourth quarter worth about $42,000. Finally, Versant Capital Management Inc lifted its holdings in Veralto by 140.1% in the fourth quarter. Versant Capital Management Inc now owns 437 shares of the company’s stock worth $45,000 after buying an additional 255 shares during the period. 91.28% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on VLTO shares. Royal Bank of Canada decreased their target price on Veralto from $111.00 to $110.00 and set a “sector perform” rating for the company in a research report on Thursday, February 6th. Jefferies Financial Group began coverage on Veralto in a report on Thursday, December 12th. They issued a “buy” rating and a $125.00 price objective for the company. 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 report on Thursday, February 6th. Finally, Citigroup decreased their price target on shares of Veralto from $118.00 to $116.00 and set a “neutral” rating for the company in a research note on Monday, January 13th. Six investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $112.55.

Veralto Stock Down 0.2 %

NYSE:VLTO opened at $97.72 on Thursday. The company has a debt-to-equity ratio of 1.27, a quick ratio of 1.69 and a current ratio of 1.92. The firm has a market cap of $24.17 billion, a P/E ratio of 29.26, a P/E/G ratio of 4.25 and a beta of 1.06. Veralto Co. has a fifty-two week low of $83.34 and a fifty-two week high of $115.00. The firm has a 50-day simple moving average of $101.85 and a two-hundred day simple moving average of $106.04.

Veralto (NYSE:VLTO) last announced its quarterly earnings results on Tuesday, February 4th. The company reported $0.95 earnings per share 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%. Analysts predict that Veralto Co. will post 3.66 earnings per share for the current fiscal year.

Veralto Increases Dividend

The firm also recently declared 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 is an increase from Veralto’s previous quarterly dividend of $0.09. This represents a $0.44 dividend on an annualized basis and a dividend yield of 0.45%. The ex-dividend date of this dividend was Tuesday, December 31st. Veralto’s dividend payout ratio is presently 13.17%.

Insider Buying and Selling

In related news, SVP Melissa Aquino sold 463 shares of the stock in a transaction that occurred 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 in the company, valued at $2,067,795.60. This represents a 2.18 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.31% of the stock is owned by corporate insiders.

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.