Fmr LLC Purchases 162,347 Shares of Veralto Co. (NYSE:VLTO)

FMR LLC grew its position in Veralto Co. (NYSE:VLTO - Free Report) by 5.1% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 3,329,717 shares of the company's stock after purchasing an additional 162,347 shares during the period. FMR LLC owned approximately 1.35% of Veralto worth $372,462,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Cetera Investment Advisers raised its stake in shares of Veralto by 247.8% during the first quarter. Cetera Investment Advisers now owns 48,428 shares of the company's stock valued at $4,294,000 after purchasing an additional 34,505 shares in the last quarter. Canada Pension Plan Investment Board raised its position in shares of Veralto by 32.9% during the 2nd quarter. Canada Pension Plan Investment Board now owns 243,600 shares of the company's stock worth $23,256,000 after buying an additional 60,300 shares in the last quarter. Wealth Enhancement Advisory Services LLC lifted its stake in shares of Veralto by 126.0% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 67,670 shares of the company's stock worth $6,460,000 after acquiring an additional 37,721 shares during the period. PGGM Investments bought a new position in shares of Veralto in the second quarter valued at approximately $1,528,000. Finally, Mirova US LLC increased its stake in shares of Veralto by 2.2% during the second quarter. Mirova US LLC now owns 1,055,767 shares of the company's stock valued at $100,794,000 after acquiring an additional 22,324 shares during the period. Institutional investors own 91.28% of the company's stock.

Veralto Trading Up 0.2 %

Shares of VLTO stock traded up $0.22 during trading hours on Friday, reaching $108.19. 586,303 shares of the stock traded hands, compared to its average volume of 1,324,704. The company has a quick ratio of 1.87, a current ratio of 2.13 and a debt-to-equity ratio of 1.35. The firm has a market capitalization of $26.76 billion and a PE ratio of 33.39. Veralto Co. has a 1-year low of $73.91 and a 1-year high of $115.00. The business has a fifty day moving average price of $108.00 and a 200 day moving average price of $104.90.

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 the consensus estimate of $0.85 by $0.04. The company had revenue of $1.31 billion for the quarter, compared to the consensus estimate of $1.30 billion. Veralto had a net margin of 15.69% and a return on equity of 52.85%. The company's revenue was up 4.7% on a year-over-year basis. During the same period in the previous year, the business earned $0.75 EPS. On average, equities research analysts forecast that Veralto Co. will post 3.48 EPS for the current year.

Veralto Announces Dividend

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

Analyst Ratings Changes

VLTO has been the subject of a number of research analyst reports. Royal Bank of Canada upped their target price on Veralto from $108.00 to $111.00 and gave the stock a "sector perform" rating in a research report on Friday, October 25th. Stifel Nicolaus lifted their target price on Veralto from $117.00 to $119.00 and gave the stock a "buy" rating in a report on Wednesday, October 16th. UBS Group began coverage on shares of Veralto in a report on Tuesday, August 13th. They issued a "neutral" rating and a $118.00 price target for the company. Finally, BMO Capital Markets raised their price objective on shares of Veralto from $117.00 to $119.00 and gave the company an "outperform" rating in a research report on Monday, September 30th. Seven research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $108.27.

Insider Buying and Selling

In other Veralto news, SVP Surekha Trivedi sold 752 shares of the business's stock in a transaction that occurred 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 completion of the sale, the senior vice president now directly owns 10,413 shares of the company's stock, valued at $1,071,601.83. The trade was a 6.74 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Jennifer Honeycutt sold 13,190 shares of the firm's stock in a transaction on Monday, September 30th. The shares were sold at an average price of $110.15, for a total transaction of $1,452,878.50. Following the transaction, the chief executive officer now owns 138,546 shares in the company, valued at $15,260,841.90. This represents a 8.69 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 15,448 shares of company stock worth $1,698,675. Corporate insiders own 0.31% of the company's stock.

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.