Crossmark Global Holdings Inc. Decreases Stake in Veralto Co. (NYSE:VLTO)

Crossmark Global Holdings Inc. trimmed its position in shares of Veralto Co. (NYSE:VLTOFree Report) by 9.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 12,139 shares of the company’s stock after selling 1,298 shares during the quarter. Crossmark Global Holdings Inc.’s holdings in Veralto were worth $998,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the company. Capital International Investors acquired a new position in Veralto in the fourth quarter valued at $538,324,000. Brown Advisory Inc. acquired a new position in Veralto in the fourth quarter valued at $528,018,000. Impax Asset Management Group plc acquired a new position in Veralto in the fourth quarter valued at $347,827,000. Norges Bank acquired a new position in Veralto in the fourth quarter valued at $266,143,000. Finally, Franklin Resources Inc. acquired a new position in Veralto in the fourth quarter valued at $178,006,000. 91.28% of the stock is currently owned by hedge funds and other institutional investors.

Veralto Stock Down 0.1 %

Shares of VLTO stock opened at $99.22 on Monday. The firm’s 50 day moving average price is $94.66 and its two-hundred day moving average price is $86.15. Veralto Co. has a fifty-two week low of $65.51 and a fifty-two week high of $102.58. The company has a quick ratio of 1.56, a current ratio of 1.83 and a debt-to-equity ratio of 1.76.

Veralto (NYSE:VLTOGet Free Report) last posted its earnings results on Tuesday, April 23rd. The company reported $0.84 EPS for the quarter, topping analysts’ consensus estimates of $0.76 by $0.08. The firm had revenue of $1.25 billion for the quarter, compared to analyst estimates of $1.23 billion. Veralto’s quarterly revenue was up 1.7% compared to the same quarter last year. Research analysts predict that Veralto Co. will post 3.34 earnings per share for the current fiscal year.

Veralto Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 31st. Stockholders of record on Friday, June 28th will be given a dividend of $0.09 per share. The ex-dividend date is Friday, June 28th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 0.36%.

Insider Transactions at Veralto

In other news, SVP Mattias Bystrom sold 302 shares of the business’s stock in a transaction on Thursday, May 23rd. The shares were sold at an average price of $100.38, for a total transaction of $30,314.76. Following the transaction, the senior vice president now directly owns 34,045 shares of the company’s stock, valued at $3,417,437.10. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In related news, SVP Melissa Aquino sold 8,041 shares of the company’s stock in a transaction on Friday, April 26th. The shares were sold at an average price of $93.56, for a total value of $752,315.96. Following the sale, the senior vice president now directly owns 20,761 shares of the company’s stock, valued at $1,942,399.16. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Mattias Bystrom sold 302 shares of the business’s stock in a transaction on Thursday, May 23rd. The shares were sold at an average price of $100.38, for a total transaction of $30,314.76. Following the sale, the senior vice president now owns 34,045 shares of the company’s stock, valued at approximately $3,417,437.10. The disclosure for this sale can be found here. Corporate insiders own 0.31% of the company’s stock.

Analyst Ratings Changes

Several research firms recently commented on VLTO. Stifel Nicolaus upped their target price on Veralto from $92.00 to $97.00 and gave the company a “buy” rating in a research note on Wednesday, April 17th. Robert W. Baird lifted their price objective on Veralto from $90.00 to $98.00 and gave the company a “neutral” rating in a research note on Thursday, April 25th. The Goldman Sachs Group assumed coverage on Veralto in a research note on Friday, March 22nd. They issued a “buy” rating and a $104.00 price objective on the stock. Citigroup lifted their price objective on Veralto from $89.00 to $94.00 and gave the company a “neutral” rating in a research note on Monday, April 8th. Finally, BNP Paribas initiated coverage on shares of Veralto in a research report on Tuesday, March 12th. They set an “outperform” rating and a $103.00 price target on the stock. Five equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $95.18.

Get Our Latest Research Report on Veralto

About Veralto

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Veralto (NYSE:VLTO)

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