Janus Henderson Group PLC Buys 11,430 Shares of Veralto Co. (NYSE:VLTO)

Janus Henderson Group PLC boosted its holdings in Veralto Co. (NYSE:VLTO - Free Report) by 0.4% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,885,996 shares of the company's stock after purchasing an additional 11,430 shares during the period. Janus Henderson Group PLC owned about 1.17% of Veralto worth $322,827,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. Ashton Thomas Securities LLC purchased a new stake in Veralto during the 3rd quarter valued at about $25,000. Goodman Advisory Group LLC purchased a new position in shares of Veralto in the second quarter worth $26,000. Fairscale Capital LLC purchased a new stake in Veralto during the second quarter valued at $30,000. Hazlett Burt & Watson Inc. grew its holdings in Veralto by 11,100.0% during the second quarter. Hazlett Burt & Watson Inc. now owns 336 shares of the company's stock valued at $32,000 after purchasing an additional 333 shares during the period. Finally, Raleigh Capital Management Inc. boosted its stake in shares of Veralto by 692.3% in 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 during the period. Hedge funds and other institutional investors own 91.28% of the company's stock.

Veralto Stock Performance

Shares of NYSE VLTO traded up $0.23 during mid-day trading on Wednesday, reaching $107.51. 1,085,337 shares of the company's stock were exchanged, compared to its average volume of 1,527,476. The firm has a 50-day moving average price of $107.78 and a two-hundred day moving average price of $105.04. Veralto Co. has a 52 week low of $73.91 and a 52 week high of $115.00. The firm has a market capitalization of $26.59 billion, a price-to-earnings ratio of 33.18, a price-to-earnings-growth ratio of 4.40 and a beta of 0.91. The company has a debt-to-equity ratio of 1.35, a current ratio of 2.13 and a quick ratio of 1.87.

Veralto (NYSE:VLTO - Get Free Report) last announced its quarterly earnings data on Wednesday, October 23rd. The company reported $0.89 EPS for the quarter, beating the consensus estimate of $0.85 by $0.04. The business 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 company's revenue for the quarter was up 4.7% on a year-over-year basis. During the same quarter last year, the firm posted $0.75 earnings per share. Analysts predict that Veralto Co. will post 3.48 EPS for the current year.

Veralto Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, October 31st. Stockholders of record on Friday, September 27th were given a dividend of $0.09 per share. 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 payout ratio is 11.11%.

Wall Street Analyst Weigh In

Several analysts have issued reports on the company. Stifel Nicolaus increased their target price on Veralto from $117.00 to $119.00 and gave the company a "buy" rating in a research report on Wednesday, October 16th. UBS Group started coverage on Veralto in a report on Tuesday, August 13th. They set a "neutral" rating and a $118.00 target price on the stock. BMO Capital Markets boosted their target price on Veralto from $117.00 to $119.00 and gave the company an "outperform" rating in a research report on Monday, September 30th. Finally, Royal Bank of Canada boosted their target price 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. Seven analysts have rated the stock with a hold rating and five have issued a buy rating to the company's stock. According to data from MarketBeat.com, Veralto presently has an average rating of "Hold" and an average target price of $108.27.

Insider Activity at Veralto

In other news, SVP Surekha Trivedi sold 752 shares of the business's stock in a transaction dated Friday, November 1st. The stock was 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 approximately $1,071,601.83. The trade was a 6.74 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Jennifer Honeycutt sold 13,190 shares of the company's stock in a transaction that occurred on Monday, September 30th. The stock was sold at an average price of $110.15, for a total value of $1,452,878.50. Following the completion of the sale, the chief executive officer now 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. Insiders have sold a total of 14,695 shares of company stock valued at $1,615,017 over the last quarter. 0.31% of the stock is owned by corporate insiders.

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.