Czech National Bank Acquires 3,284 Shares of Veralto Co. (NYSE:VLTO)

Czech National Bank raised its stake in Veralto Co. (NYSE:VLTO - Free Report) by 6.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 53,622 shares of the company's stock after buying an additional 3,284 shares during the period. Czech National Bank's holdings in Veralto were worth $5,461,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Ashton Thomas Securities LLC bought a new stake in shares of Veralto in the 3rd quarter valued at about $25,000. Goodman Advisory Group LLC purchased a new position in Veralto during the 2nd quarter valued at about $26,000. Fairscale Capital LLC purchased a new position in Veralto during the 2nd quarter valued at about $30,000. Raleigh Capital Management Inc. increased its holdings in Veralto by 692.3% during the 3rd quarter. Raleigh Capital Management Inc. now owns 309 shares of the company's stock valued at $35,000 after purchasing an additional 270 shares during the period. Finally, Erste Asset Management GmbH purchased a new position in Veralto during the 3rd quarter valued at about $46,000. Hedge funds and other institutional investors own 91.28% of the company's stock.

Insider Buying and Selling at Veralto

In other Veralto news, SVP Surekha Trivedi sold 752 shares of Veralto stock in a transaction on Friday, November 1st. The shares were sold at an average price of $102.91, for a total value of $77,388.32. Following the sale, the senior vice president now directly owns 10,413 shares in the company, valued at approximately $1,071,601.83. The trade was a 6.74 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 0.31% of the stock is currently owned by insiders.

Veralto Price Performance

Shares of VLTO traded up $1.50 during trading hours on Thursday, reaching $104.05. 1,369,689 shares of the stock traded hands, compared to its average volume of 1,247,329. The company has a current ratio of 2.13, a quick ratio of 1.87 and a debt-to-equity ratio of 1.35. Veralto Co. has a 52-week low of $74.27 and a 52-week high of $115.00. The company's 50-day moving average price is $104.13 and its two-hundred day moving average price is $105.72. The company has a market cap of $25.73 billion, a P/E ratio of 32.11, a price-to-earnings-growth ratio of 3.88 and a beta of 1.06.

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

Veralto Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Tuesday, December 31st will be issued a $0.11 dividend. This is an increase from Veralto's previous quarterly dividend of $0.09. This represents a $0.44 dividend on an annualized basis and a yield of 0.42%. The ex-dividend date of this dividend is Tuesday, December 31st. Veralto's payout ratio is currently 13.58%.

Wall Street Analysts Forecast Growth

VLTO has been the topic of a number of research analyst reports. BMO Capital Markets boosted their price target on Veralto from $117.00 to $119.00 and gave the company an "outperform" rating in a report on Monday, September 30th. Jefferies Financial Group initiated coverage on Veralto in a report on Thursday, December 12th. They set a "buy" rating and a $125.00 price target on the stock. Stifel Nicolaus lowered their price objective on Veralto from $119.00 to $117.00 and set a "buy" rating on the stock in a research report on Wednesday, December 11th. Citigroup lowered their price objective on Veralto from $118.00 to $116.00 and set a "neutral" rating on the stock in a research report on Monday. Finally, Royal Bank of Canada upped their price objective on Veralto from $108.00 to $111.00 and gave the company a "sector perform" rating in a research report on Friday, October 25th. Six research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $113.27.

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.