Aigen Investment Management LP Acquires New Holdings in Veralto Co. (NYSE:VLTO)

Aigen Investment Management LP bought a new position in Veralto Co. (NYSE:VLTO) in the fourth quarter, Holdings Channel.com reports. The institutional investor bought 2,395 shares of the company’s stock, valued at approximately $244,000.

Several other hedge funds have also modified their holdings of VLTO. Ashton Thomas Securities LLC purchased a new position in shares of Veralto in the 3rd quarter worth approximately $25,000. BankPlus Trust Department acquired a new stake in Veralto in the fourth quarter valued at approximately $29,000. Albion Financial Group UT grew its holdings in Veralto by 2,100.0% in the fourth quarter. Albion Financial Group UT now owns 352 shares of the company’s stock worth $36,000 after purchasing an additional 336 shares during the last quarter. Geneos Wealth Management Inc. acquired a new position in shares of Veralto during the fourth quarter worth $42,000. Finally, Raleigh Capital Management Inc. lifted its holdings in shares of Veralto by 35.3% during the 4th quarter. Raleigh Capital Management Inc. now owns 418 shares of the company’s stock valued at $43,000 after purchasing an additional 109 shares during the last quarter. 91.28% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

VLTO has been the topic of several research analyst reports. Royal Bank of Canada dropped their target price on Veralto from $111.00 to $110.00 and set a “sector perform” rating on the stock in a research note on Thursday, February 6th. Citigroup dropped their price target on Veralto from $118.00 to $116.00 and set a “neutral” rating on the stock in a research note on Monday, January 13th. Jefferies Financial Group assumed coverage on shares of Veralto in a report on Thursday, December 12th. They set a “buy” rating and a $125.00 price objective on the stock. Finally, Stifel Nicolaus lowered their target price on shares of Veralto from $116.00 to $110.00 and set a “buy” rating for the company in a research note on Thursday, February 6th. Six analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $112.55.

Veralto Stock Up 2.3 %

VLTO stock opened at $100.16 on Monday. The company has a market capitalization of $24.79 billion, a P/E ratio of 29.99, a price-to-earnings-growth ratio of 4.24 and a beta of 1.11. Veralto Co. has a 12 month low of $85.90 and a 12 month high of $115.00. The firm’s fifty day simple moving average is $100.69 and its 200-day simple moving average is $105.31. The company has a debt-to-equity ratio of 1.27, a current ratio of 1.92 and a quick ratio of 1.69.

Veralto (NYSE:VLTO) last posted its quarterly earnings results on Tuesday, February 4th. The company reported $0.95 EPS 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%. As a group, equities research analysts forecast that Veralto Co. will post 3.66 earnings per share for the current year.

Veralto Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Monday, March 31st will be given a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a yield of 0.44%. The ex-dividend date of this dividend is Monday, March 31st. Veralto’s dividend payout ratio is currently 13.17%.

Insider Buying and Selling at Veralto

In other news, SVP Melissa Aquino sold 463 shares of the stock in a transaction dated Tuesday, February 11th. The shares were sold at an average price of $99.60, for a total transaction of $46,114.80. Following the sale, the senior vice president now directly owns 20,761 shares of the company’s stock, valued at $2,067,795.60. This represents a 2.18 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Jennifer Honeycutt sold 10,414 shares of the company’s stock in a transaction dated Tuesday, February 25th. The stock was sold at an average price of $100.35, for a total value of $1,045,044.90. Following the completion of the transaction, the chief executive officer now directly owns 104,496 shares of the company’s stock, valued at $10,486,173.60. The trade was a 9.06 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 11,467 shares of company stock valued at $1,150,366. 0.31% of the stock is owned by company insiders.

Veralto 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.