Snowden Capital Advisors LLC Has $374,000 Stake in Veralto Co. (NYSE:VLTO)

Snowden Capital Advisors LLC decreased its holdings in shares of Veralto Co. (NYSE:VLTO) by 23.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 3,668 shares of the company’s stock after selling 1,095 shares during the quarter. Snowden Capital Advisors LLC’s holdings in Veralto were worth $374,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Bernard Wealth Management Corp. acquired a new position in Veralto during the fourth quarter worth about $25,000. OFI Invest Asset Management acquired a new position in shares of Veralto in the fourth quarter valued at approximately $26,000. BankPlus Trust Department acquired a new position in shares of Veralto in the fourth quarter valued at approximately $29,000. Albion Financial Group UT increased its stake in shares of Veralto by 2,100.0% in 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. Finally, Geneos Wealth Management Inc. acquired a new position in shares of Veralto in the fourth quarter valued at approximately $42,000. Institutional investors and hedge funds own 91.28% of the company’s stock.

Insiders Place Their Bets

In other Veralto news, SVP Lesley Beneteau sold 458 shares of the stock in a transaction that occurred on Thursday, May 15th. The stock was sold at an average price of $100.84, for a total transaction of $46,184.72. Following the transaction, the senior vice president now directly owns 13,571 shares in the company, valued at approximately $1,368,499.64. This represents a 3.26% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, 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 transaction, the senior vice president now owns 8,470 shares in the company, valued at approximately $849,964.50. This represents a 6.51% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 67,073 shares of company stock worth $6,442,018. Corporate insiders own 0.36% of the company’s stock.

Veralto Stock Performance

NYSE:VLTO opened at $100.52 on Thursday. The company has a market capitalization of $24.92 billion, a PE ratio of 30.10, a P/E/G ratio of 4.24 and a beta of 0.99. Veralto Co. has a fifty-two week low of $83.87 and a fifty-two week high of $115.00. The company has a 50 day simple moving average of $94.71 and a two-hundred day simple moving average of $99.67. The company has a debt-to-equity ratio of 1.27, a quick ratio of 1.69 and a current ratio of 1.92.

Veralto (NYSE:VLTO) last posted its quarterly earnings results on Tuesday, April 29th. The company reported $0.95 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.87 by $0.08. The firm had revenue of $1.33 billion for the quarter, compared to analysts’ expectations of $1.28 billion. Veralto had a return on equity of 49.29% and a net margin of 16.04%. The company’s revenue for the quarter was up 6.9% compared to the same quarter last year. During the same period in the prior year, the business earned $0.84 EPS. Research analysts anticipate that Veralto Co. will post 3.66 earnings per share for the current year.

Veralto Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 31st. Shareholders of record on Monday, June 30th will be 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%. The ex-dividend date is Monday, June 30th. Veralto’s payout ratio is 12.57%.

Analyst Ratings Changes

Several research analysts have recently issued reports on VLTO shares. Northcoast Research started coverage on Veralto in a research note on Tuesday, May 6th. They issued a “buy” rating and a $110.00 price objective for the company. Citigroup lowered their price objective on Veralto from $116.00 to $100.00 and set a “neutral” rating for the company in a research note on Monday, April 14th. Royal Bank of Canada upped their price objective on Veralto from $103.00 to $104.00 and gave the company a “sector perform” rating in a research note on Thursday, May 1st. Stifel Nicolaus upped their price objective on Veralto from $102.00 to $104.00 and gave the company a “buy” rating in a research note on Thursday, May 1st. Finally, Robert W. Baird increased their target price on shares of Veralto from $105.00 to $106.00 and gave the company a “neutral” rating in a research report on Thursday, May 1st. Six equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $110.09.

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.