Mather Group LLC. Sells 189 Shares of Veralto Corporation (NYSE:VLTO)

Mather Group LLC. lowered its position in Veralto Corporation (NYSE:VLTO) by 17.4% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 897 shares of the company’s stock after selling 189 shares during the quarter. Mather Group LLC.’s holdings in Veralto were worth $87,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Bernard Wealth Management Corp. bought a new position in shares of Veralto in the fourth quarter worth $25,000. OFI Invest Asset Management bought a new position in shares of Veralto in the fourth quarter worth $26,000. Lee Danner & Bass Inc. bought a new position in shares of Veralto in the fourth quarter worth $43,000. Murphy & Mullick Capital Management Corp bought a new position in shares of Veralto in the fourth quarter worth $44,000. Finally, Opal Wealth Advisors LLC bought a new position in shares of Veralto in the first quarter worth $45,000. Institutional investors own 91.28% of the company’s stock.

Veralto Stock Performance

NYSE VLTO opened at $103.75 on Friday. The company has a 50-day simple moving average of $99.20 and a two-hundred day simple moving average of $98.46. The company has a quick ratio of 1.92, a current ratio of 2.19 and a debt-to-equity ratio of 1.14. Veralto Corporation has a 12-month low of $83.87 and a 12-month high of $115.00. The firm has a market cap of $25.72 billion, a price-to-earnings ratio of 29.64, a PEG ratio of 4.16 and a beta of 0.91.

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, beating the consensus estimate of $0.87 by $0.08. Veralto had a net margin of 16.56% and a return on equity of 45.63%. The business had revenue of $1.33 billion during the quarter, compared to analyst estimates of $1.28 billion. During the same period in the prior year, the business posted $0.84 earnings per share. The company’s revenue was up 6.9% on a year-over-year basis. On average, equities analysts forecast that Veralto Corporation will post 3.66 EPS for the current year.

Veralto Announces Dividend

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 given a dividend of $0.11 per share. The ex-dividend date is Monday, June 30th. This represents a $0.44 annualized dividend and a yield of 0.42%. Veralto’s payout ratio is 12.57%.

Analyst Ratings Changes

A number of research analysts recently commented 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 target price on the stock. Citigroup reduced their target price on Veralto from $116.00 to $100.00 and set a “neutral” rating on the stock in a research note on Monday, April 14th. Robert W. Baird increased their target price on Veralto from $105.00 to $106.00 and gave the company a “neutral” rating in a research note on Thursday, May 1st. Royal Bank Of Canada increased their target price on Veralto from $103.00 to $104.00 and gave the company a “sector perform” rating in a research note on Thursday, May 1st. Finally, Stifel Nicolaus increased their target price on Veralto from $102.00 to $104.00 and gave the company a “buy” rating in a research note on Thursday, May 1st. Six equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, Veralto has an average rating of “Hold” and an average price target of $110.09.

Insider Activity at Veralto

In other news, CEO Jennifer Honeycutt sold 10,418 shares of the stock in a transaction dated Wednesday, April 30th. The shares were sold at an average price of $95.00, for a total transaction of $989,710.00. Following the completion of the sale, the chief executive officer directly owned 106,219 shares in the company, valued at approximately $10,090,805. This represents a 8.93% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, SVP Lesley Beneteau sold 458 shares of the stock in a transaction dated Thursday, May 15th. The stock was sold at an average price of $100.84, for a total transaction of $46,184.72. Following the sale, the senior vice president owned 13,571 shares of the company’s stock, valued at approximately $1,368,499.64. This represents a 3.26% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 45,913 shares of company stock valued at $4,339,370 in the last quarter. 0.36% of the stock is currently owned by company insiders.

Veralto Company Profile

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.