Veralto Co. (NYSE:VLTO) Position Raised by Loomis Sayles & Co. L P

Loomis Sayles & Co. L P lifted its stake in Veralto Co. (NYSE:VLTO - Free Report) by 1.8% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 321,007 shares of the company's stock after acquiring an additional 5,662 shares during the quarter. Loomis Sayles & Co. L P owned 0.13% of Veralto worth $35,908,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. Cetera Investment Advisers increased its position in shares of Veralto by 247.8% during the first quarter. Cetera Investment Advisers now owns 48,428 shares of the company's stock worth $4,294,000 after acquiring an additional 34,505 shares during the period. Canada Pension Plan Investment Board raised its holdings in Veralto by 32.9% in the second 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. Wealth Enhancement Advisory Services LLC lifted its stake in 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. PGGM Investments acquired a new position in Veralto during the 2nd quarter worth approximately $1,528,000. Finally, Mirova US LLC increased its position in shares of Veralto by 2.2% in the 2nd quarter. Mirova US LLC now owns 1,055,767 shares of the company's stock valued at $100,794,000 after purchasing an additional 22,324 shares during the last quarter. 91.28% of the stock is currently owned by institutional investors and hedge funds.

Veralto Price Performance

Shares of NYSE VLTO traded down $0.52 during midday trading on Tuesday, hitting $107.96. The company had a trading volume of 1,368,780 shares, compared to its average volume of 1,541,347. 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 business has a 50-day simple moving average of $108.06 and a two-hundred day simple moving average of $104.67. Veralto Co. has a twelve month low of $72.85 and a twelve month high of $115.00. The firm has a market capitalization of $26.70 billion and a price-to-earnings ratio of 33.32.

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

Veralto Dividend Announcement

The firm also recently announced 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 was Friday, September 27th. Veralto's payout ratio is 11.11%.

Insider Buying and Selling

In other Veralto news, SVP Surekha Trivedi sold 752 shares of the company's stock in a transaction that occurred 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 sale, the senior vice president now owns 10,413 shares in the company, valued at $1,071,601.83. This represents a 6.74 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CEO Jennifer Honeycutt sold 13,191 shares of Veralto stock in a transaction that occurred on Friday, August 30th. The stock was sold at an average price of $111.98, for a total value of $1,477,128.18. Following the completion of the transaction, 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 disclosure for this sale can be found here. Over the last 90 days, insiders have sold 28,639 shares of company stock worth $3,175,803. 0.31% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the company. TD Cowen lifted their price target on Veralto from $95.00 to $100.00 and gave the stock a "hold" rating in a report on Tuesday, July 30th. Stifel Nicolaus increased their target price on shares of Veralto from $117.00 to $119.00 and gave the company a "buy" rating in a research report on Wednesday, October 16th. UBS Group initiated coverage on shares of Veralto in a research note on Tuesday, August 13th. They issued a "neutral" rating and a $118.00 price objective for the company. The Goldman Sachs Group lifted their target price on Veralto from $104.00 to $116.00 and gave the stock a "buy" rating in a research report on Monday, July 29th. Finally, Robert W. Baird increased their price objective on Veralto from $98.00 to $112.00 and gave the company a "neutral" rating in a report on Monday, July 29th. Seven equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $108.27.

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.