Veralto Co. (NYSE:VLTO) Stock Position Increased by BNP PARIBAS ASSET MANAGEMENT Holding S.A.

BNP PARIBAS ASSET MANAGEMENT Holding S.A. grew its holdings in Veralto Co. (NYSE:VLTO - Free Report) by 32.4% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 199,370 shares of the company's stock after purchasing an additional 48,808 shares during the quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. owned approximately 0.08% of Veralto worth $22,302,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of VLTO. Ashton Thomas Securities LLC acquired a new stake in Veralto during the third quarter worth approximately $25,000. Goodman Advisory Group LLC acquired a new stake in Veralto during the second quarter worth approximately $26,000. LRI Investments LLC acquired a new stake in Veralto during the first quarter worth approximately $30,000. Fairscale Capital LLC acquired a new stake in Veralto during the second quarter worth approximately $30,000. Finally, Hazlett Burt & Watson Inc. boosted its position in Veralto by 11,100.0% during the second quarter. Hazlett Burt & Watson Inc. now owns 336 shares of the company's stock worth $32,000 after acquiring an additional 333 shares during the last quarter. 91.28% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, SVP Surekha Trivedi sold 753 shares of Veralto stock in a transaction dated Tuesday, October 1st. The shares were sold at an average price of $112.55, for a total value of $84,750.15. Following the completion of the transaction, the senior vice president now directly owns 11,165 shares of the company's stock, valued at approximately $1,256,620.75. The trade was a 6.32 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Jennifer Honeycutt sold 13,191 shares of Veralto stock in a transaction dated Friday, August 30th. The shares were sold at an average price of $111.98, for a total transaction of $1,477,128.18. Following the completion of the transaction, the chief executive officer now directly owns 138,546 shares of the company's stock, valued at $15,514,381.08. This trade represents a 8.69 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 28,639 shares of company stock valued at $3,175,803 in the last ninety days. Corporate insiders own 0.31% of the company's stock.

Veralto Stock Up 0.4 %

Veralto stock traded up $0.40 during midday trading on Friday, hitting $106.41. 1,748,614 shares of the stock were exchanged, compared to its average volume of 1,260,976. Veralto Co. has a 1 year low of $72.23 and a 1 year high of $115.00. The firm has a market cap of $26.32 billion and a P/E ratio of 32.84. The company has a debt-to-equity ratio of 1.35, a current ratio of 2.13 and a quick ratio of 1.87. The company has a 50 day moving average price of $108.11 and a two-hundred day moving average price of $104.40.

Veralto (NYSE:VLTO - Get Free Report) last released its quarterly earnings results on Wednesday, October 23rd. The company reported $0.89 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.85 by $0.04. Veralto had a net margin of 15.69% and a return on equity of 52.85%. The firm had revenue of $1.31 billion for the quarter, compared to the consensus estimate of $1.30 billion. During the same quarter in the previous year, the firm posted $0.75 EPS. The firm's quarterly revenue was up 4.7% on a year-over-year basis. On average, sell-side analysts predict that Veralto Co. will post 3.48 earnings per share for the current fiscal year.

Veralto Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 31st. Shareholders of record on Friday, September 27th were issued a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a yield of 0.34%. The ex-dividend date of this dividend was Friday, September 27th. Veralto's dividend payout ratio is currently 11.11%.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on VLTO shares. BMO Capital Markets raised their target price on shares of Veralto from $117.00 to $119.00 and gave the stock an "outperform" rating in a research report on Monday, September 30th. Stifel Nicolaus increased their price target on shares of Veralto from $117.00 to $119.00 and gave the stock a "buy" rating in a research note on Wednesday, October 16th. UBS Group assumed coverage on shares of Veralto in a research note on Tuesday, August 13th. They set a "neutral" rating and a $118.00 price target on the stock. Royal Bank of Canada increased their price target on shares of Veralto from $108.00 to $111.00 and gave the stock a "sector perform" rating in a research note on Friday, October 25th. Finally, Deutsche Bank Aktiengesellschaft increased their price target on shares of Veralto from $100.00 to $109.00 and gave the stock a "hold" rating in a research note on Monday, July 29th. Seven analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $108.27.

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.