iSAM Funds UK Ltd Invests $558,000 in Veralto Co. (NYSE:VLTO)

iSAM Funds UK Ltd acquired a new position in Veralto Co. (NYSE:VLTO - Free Report) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 4,985 shares of the company's stock, valued at approximately $558,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Ashton Thomas Securities LLC purchased a new stake in Veralto in the third quarter worth $25,000. Goodman Advisory Group LLC purchased a new stake in shares of Veralto in the 2nd quarter worth about $26,000. Fairscale Capital LLC bought a new position in shares of Veralto in the 2nd quarter worth about $30,000. Hazlett Burt & Watson Inc. lifted its position in Veralto by 11,100.0% during the 2nd quarter. Hazlett Burt & Watson Inc. now owns 336 shares of the company's stock valued at $32,000 after acquiring an additional 333 shares during the period. Finally, Raleigh Capital Management Inc. boosted its stake in Veralto by 692.3% during the third quarter. Raleigh Capital Management Inc. now owns 309 shares of the company's stock worth $35,000 after acquiring an additional 270 shares in the last quarter. 91.28% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Veralto

In other news, SVP Surekha Trivedi sold 753 shares of the firm's stock in a transaction that occurred on Tuesday, October 1st. The stock was sold at an average price of $112.55, for a total value of $84,750.15. Following the completion of the sale, the senior vice president now directly owns 11,165 shares of the company's stock, valued at $1,256,620.75. This trade represents a 6.32 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Jennifer Honeycutt sold 13,190 shares of the business's stock in a transaction that occurred on Monday, September 30th. The shares were sold at an average price of $110.15, for a total value of $1,452,878.50. Following the transaction, the chief executive officer now directly owns 138,546 shares in the company, valued at approximately $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 three months, insiders sold 14,695 shares of company stock valued at $1,615,017. Insiders own 0.31% of the company's stock.

Analyst Ratings Changes

A number of research analysts have issued reports on the company. Stifel Nicolaus lifted their price objective on Veralto from $117.00 to $119.00 and gave the company a "buy" rating in a research note on Wednesday, October 16th. Royal Bank of Canada upped 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. 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 note on Monday, September 30th. Finally, UBS Group assumed coverage on shares of Veralto in a report on Tuesday, August 13th. They set a "neutral" rating and a $118.00 price target on the stock. Seven investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Hold" and an average target price of $108.27.

Veralto Stock Performance

NYSE VLTO traded up $1.24 on Friday, reaching $106.53. 1,003,356 shares of the stock were exchanged, compared to its average volume of 1,238,117. The firm has a market capitalization of $26.35 billion, a PE ratio of 32.88, a PEG ratio of 4.40 and a beta of 0.91. Veralto Co. has a one year low of $73.91 and a one year high of $115.00. The company's 50-day simple moving average is $107.58 and its two-hundred day simple moving average is $105.16. 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 (NYSE:VLTO - Get Free Report) last released its quarterly earnings data on Wednesday, October 23rd. The company reported $0.89 earnings per share for the quarter, topping analysts' consensus estimates of $0.85 by $0.04. The firm had revenue of $1.31 billion during the quarter, compared to analyst estimates of $1.30 billion. Veralto had a return on equity of 52.85% and a net margin of 15.69%. The business's quarterly revenue was up 4.7% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.75 earnings per share. Analysts expect that Veralto Co. will post 3.48 EPS for the current fiscal year.

Veralto Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, October 31st. Investors of record on Friday, September 27th were given a $0.09 dividend. The ex-dividend date was Friday, September 27th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 0.34%. Veralto's dividend payout ratio is currently 11.11%.

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.