Daiwa Securities Group Inc. Purchases 5,562 Shares of Veralto Co. (NYSE:VLTO)

Daiwa Securities Group Inc. boosted its position in Veralto Co. (NYSE:VLTO - Free Report) by 6.6% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 89,350 shares of the company's stock after buying an additional 5,562 shares during the period. Daiwa Securities Group Inc.'s holdings in Veralto were worth $9,995,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the stock. Ashton Thomas Securities LLC purchased a new stake in shares of Veralto during the 3rd quarter worth approximately $25,000. Goodman Advisory Group LLC bought a new position in shares of Veralto during the 2nd quarter valued at $26,000. LRI Investments LLC bought a new stake in shares of Veralto in the 1st quarter valued at about $30,000. Fairscale Capital LLC bought a new stake in Veralto in the second quarter valued at approximately $30,000. Finally, Hazlett Burt & Watson Inc. grew its holdings in shares of Veralto by 11,100.0% in the second quarter. Hazlett Burt & Watson Inc. now owns 336 shares of the company's stock worth $32,000 after purchasing an additional 333 shares during the last quarter. Institutional investors and hedge funds own 91.28% of the company's stock.

Insider Activity

In related news, CEO Jennifer Honeycutt sold 13,191 shares of Veralto stock in a transaction on Friday, August 30th. The shares were sold at an average price of $111.98, for a total value of $1,477,128.18. Following the completion of the sale, the chief executive officer now owns 138,546 shares of the company's stock, valued at approximately $15,514,381.08. The trade was a 8.69 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Surekha Trivedi sold 752 shares of the stock in a transaction on Friday, November 1st. The stock was sold at an average price of $102.91, for a total transaction of $77,388.32. Following the transaction, the senior vice president now directly owns 10,413 shares in the company, valued at $1,071,601.83. The trade was a 6.74 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 28,639 shares of company stock worth $3,175,803 in the last 90 days. Company insiders own 0.31% of the company's stock.

Veralto Stock Up 1.9 %

Shares of NYSE:VLTO traded up $2.07 during trading on Monday, hitting $108.48. The company's stock had a trading volume of 4,014,692 shares, compared to its average volume of 1,542,104. The stock's 50-day moving average price is $108.08 and its two-hundred day moving average price is $104.59. Veralto Co. has a fifty-two week low of $72.85 and a fifty-two week high of $115.00. The company has a market capitalization of $26.83 billion and a PE ratio of 33.48. The company has a debt-to-equity ratio of 1.35, a quick ratio of 1.87 and a current ratio of 2.13.

Veralto (NYSE:VLTO - Get Free Report) last announced its earnings results on Wednesday, October 23rd. The company reported $0.89 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 during the quarter, compared to analyst estimates of $1.30 billion. During the same quarter in the prior year, the firm posted $0.75 EPS. Veralto's revenue was up 4.7% compared to the same quarter last year. As a group, sell-side analysts expect that Veralto Co. will post 3.48 EPS for the current year.

Veralto Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 31st. Shareholders of record on Friday, September 27th were paid a dividend of $0.09 per share. The ex-dividend date was Friday, September 27th. This represents a $0.36 annualized dividend and a yield of 0.33%. Veralto's dividend payout ratio (DPR) is presently 11.11%.

Analyst Ratings Changes

A number of research analysts have issued reports on the stock. UBS Group started coverage on shares of Veralto in a research report on Tuesday, August 13th. They set a "neutral" rating and a $118.00 price objective on the stock. BMO Capital Markets upped 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. Deutsche Bank Aktiengesellschaft lifted their price objective on Veralto from $100.00 to $109.00 and gave the stock a "hold" rating in a report on Monday, July 29th. TD Cowen boosted their price objective on shares of Veralto from $95.00 to $100.00 and gave the company a "hold" rating in a research report on Tuesday, July 30th. Finally, The Goldman Sachs Group raised their target price on shares of Veralto from $104.00 to $116.00 and gave the stock a "buy" rating in a research note on Monday, July 29th. Seven research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat, the company has an average rating of "Hold" and a consensus price target of $108.27.

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.