Mesirow Financial Investment Management Inc. Has $304,000 Holdings in Veralto Co. (NYSE:VLTO)

Mesirow Financial Investment Management Inc. cut its stake in shares of Veralto Co. (NYSE:VLTO) by 50.4% in the 4th quarter, HoldingsChannel reports. The fund owned 2,984 shares of the company’s stock after selling 3,032 shares during the quarter. Mesirow Financial Investment Management Inc.’s holdings in Veralto were worth $304,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently bought and sold shares of the company. Ashton Thomas Securities LLC acquired a new stake in Veralto during the third quarter worth approximately $25,000. BankPlus Trust Department acquired a new stake in shares of Veralto in the fourth quarter valued at approximately $29,000. Albion Financial Group UT raised its position 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 in the last quarter. Geneos Wealth Management Inc. acquired a new stake in shares of Veralto in the fourth quarter valued at approximately $42,000. Finally, Erste Asset Management GmbH acquired a new stake in shares of Veralto in the third quarter valued at approximately $46,000. 91.28% of the stock is currently owned by institutional investors and hedge funds.

Veralto Stock Performance

NYSE VLTO opened at $100.16 on Monday. The firm’s fifty day moving average price is $100.69 and its two-hundred day moving average price is $105.31. The stock has a market cap of $24.79 billion, a PE ratio of 29.99, a PEG ratio of 4.24 and a beta of 1.11. Veralto Co. has a fifty-two week low of $85.90 and a fifty-two week high of $115.00. 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 earnings results on Tuesday, February 4th. The company reported $0.95 earnings per share for the quarter, topping analysts’ consensus estimates of $0.90 by $0.05. Veralto had a net margin of 16.04% and a return on equity of 49.29%. On average, equities analysts expect that Veralto Co. will post 3.66 EPS for the current fiscal year.

Veralto Announces Dividend

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

Insider Buying and Selling

In related news, SVP Surekha Trivedi sold 590 shares of the business’s stock in a transaction on Tuesday, February 25th. The shares were sold at an average price of $100.35, for a total value of $59,206.50. Following the sale, the senior vice president now owns 8,470 shares of the company’s stock, valued at $849,964.50. The trade was a 6.51 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, SVP Melissa Aquino sold 463 shares of the business’s stock in a transaction on Tuesday, February 11th. The stock was sold at an average price of $99.60, for a total transaction of $46,114.80. Following the completion of the sale, the senior vice president now directly owns 20,761 shares in the company, valued at approximately $2,067,795.60. This represents a 2.18 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 11,467 shares of company stock valued at $1,150,366 over the last 90 days. 0.31% of the stock is owned by insiders.

Analyst Ratings Changes

VLTO has been the subject of a number of analyst reports. Royal Bank of Canada dropped their price target on shares of 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 initiated coverage on shares of Veralto in a research report on Thursday, December 12th. They issued a “buy” rating and a $125.00 price target for the company. Stifel Nicolaus dropped their price target on shares of Veralto from $116.00 to $110.00 and set a “buy” rating for the company in a research report on Thursday, February 6th. Finally, Citigroup dropped their price target on shares of Veralto from $118.00 to $116.00 and set a “neutral” rating for the company in a research report on Monday, January 13th. Six research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $112.55.

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.