KBC Group NV Has $82.09 Million Position in Veralto Co. (NYSE:VLTO)

KBC Group NV boosted its holdings in shares of Veralto Co. (NYSE:VLTO - Free Report) by 22.0% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 733,822 shares of the company's stock after buying an additional 132,382 shares during the period. KBC Group NV owned approximately 0.30% of Veralto worth $82,086,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently bought and sold shares of the company. Cetera Investment Advisers lifted its position in shares of Veralto by 247.8% in the first quarter. Cetera Investment Advisers now owns 48,428 shares of the company's stock worth $4,294,000 after purchasing an additional 34,505 shares in the last quarter. Mitsubishi UFJ Trust & Banking Corp lifted its position in Veralto by 19.8% in the 1st quarter. Mitsubishi UFJ Trust & Banking Corp now owns 169,101 shares of the company's stock worth $14,952,000 after buying an additional 27,891 shares in the last quarter. Seven Eight Capital LP acquired a new stake in shares of Veralto during the 1st quarter valued at $1,011,000. Canada Pension Plan Investment Board grew its holdings 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 valued at $23,256,000 after acquiring an additional 60,300 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC increased its stake in shares of Veralto by 126.0% in the second 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 last quarter. 91.28% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on VLTO. BMO Capital Markets increased their price objective on Veralto from $117.00 to $119.00 and gave the stock an "outperform" rating in a report on Monday, September 30th. Royal Bank of Canada boosted their price target on Veralto from $108.00 to $111.00 and gave the company a "sector perform" rating in a research note on Friday, October 25th. Deutsche Bank Aktiengesellschaft increased 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 lifted their target price on shares of Veralto from $95.00 to $100.00 and gave the company a "hold" rating in a research note on Tuesday, July 30th. Finally, Stifel Nicolaus increased their price target on shares of Veralto from $117.00 to $119.00 and gave the stock a "buy" rating in a research note on Wednesday, October 16th. Seven research analysts have rated the stock with a hold rating and five have issued a buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $108.27.

Veralto Stock Performance

VLTO traded down $1.08 during trading on Thursday, hitting $103.76. The stock had a trading volume of 643,037 shares, compared to its average volume of 1,532,121. 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 12 month low of $70.06 and a 12 month high of $115.00. The company has a 50 day simple moving average of $108.83 and a 200-day simple moving average of $104.01. The firm has a market cap of $25.66 billion and a PE ratio of 32.35.

Veralto (NYSE:VLTO - Get Free Report) last posted its quarterly earnings data on Wednesday, October 23rd. The company reported $0.89 earnings per share for the quarter, topping the consensus estimate of $0.85 by $0.04. The business had revenue of $1.31 billion during the quarter, compared to analysts' expectations of $1.30 billion. Veralto had a return on equity of 52.85% and a net margin of 15.69%. The firm's revenue was up 4.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.75 EPS. Analysts expect that Veralto Co. will post 3.48 EPS for the current year.

Veralto Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 31st. Stockholders of record on Friday, September 27th were paid a $0.09 dividend. The ex-dividend date of this dividend was Friday, September 27th. This represents a $0.36 annualized dividend and a dividend yield of 0.35%. Veralto's payout ratio is 11.11%.

Insider Transactions at Veralto

In other news, SVP Surekha Trivedi sold 752 shares of the company's stock in a transaction dated Friday, November 1st. The shares were sold at an average price of $102.91, for a total transaction of $77,388.32. Following the completion of the transaction, the senior vice president now owns 10,413 shares of the company's stock, valued at approximately $1,071,601.83. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Veralto news, CEO Jennifer Honeycutt sold 13,190 shares of the business's stock in a transaction 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 sale, the chief executive officer now owns 138,546 shares of the company's stock, valued at $15,260,841.90. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, SVP Surekha Trivedi sold 752 shares of the firm's stock in a transaction dated 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 of the company's stock, valued at $1,071,601.83. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 36,038 shares of company stock worth $3,989,693. Insiders own 0.31% of the company's stock.

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.