Veralto Co. (NYSE:VLTO) Shares Bought by Northstar Asset Management Inc.

Northstar Asset Management Inc. increased its holdings in Veralto Co. (NYSE:VLTO - Free Report) by 22.5% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 78,326 shares of the company's stock after buying an additional 14,398 shares during the period. Veralto accounts for 2.2% of Northstar Asset Management Inc.'s investment portfolio, making the stock its 23rd biggest position. Northstar Asset Management Inc.'s holdings in Veralto were worth $8,762,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. First Trust Direct Indexing L.P. raised its holdings in shares of Veralto by 15.7% during the first quarter. First Trust Direct Indexing L.P. now owns 3,045 shares of the company's stock valued at $270,000 after acquiring an additional 414 shares in the last quarter. Private Advisor Group LLC boosted its position in shares of Veralto by 7.4% during the first quarter. Private Advisor Group LLC now owns 14,153 shares of the company's stock valued at $1,255,000 after buying an additional 970 shares during the last quarter. Sequoia Financial Advisors LLC grew its stake in shares of Veralto by 12.2% in the first quarter. Sequoia Financial Advisors LLC now owns 5,264 shares of the company's stock worth $467,000 after acquiring an additional 574 shares during the period. Janney Montgomery Scott LLC lifted its position in Veralto by 9.7% during the first quarter. Janney Montgomery Scott LLC now owns 34,290 shares of the company's stock valued at $3,040,000 after purchasing an additional 3,018 shares during the period. Finally, Capstone Investment Advisors LLC purchased a new stake in Veralto in the first quarter worth approximately $230,000. 91.28% of the stock is currently owned by hedge funds and other institutional investors.

Veralto Stock Performance

Shares of VLTO traded down $0.62 on Wednesday, reaching $102.99. 1,878,324 shares of the company's stock traded hands, compared to its average volume of 1,545,752. The stock has a market cap of $25.47 billion and a PE ratio of 31.79. The company has a current ratio of 2.13, a quick ratio of 1.87 and a debt-to-equity ratio of 1.35. The stock's 50 day simple moving average is $109.53 and its two-hundred day simple moving average is $103.61. Veralto Co. has a 52-week low of $67.36 and a 52-week high of $115.00.

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

Veralto Dividend Announcement

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

Analysts Set New Price Targets

VLTO has been the subject of several analyst reports. TD Cowen raised their price objective on Veralto from $95.00 to $100.00 and gave the company a "hold" rating in a research note on Tuesday, July 30th. Royal Bank of Canada raised their price target on shares of Veralto from $108.00 to $111.00 and gave the stock a "sector perform" rating in a research report on Friday, October 25th. BMO Capital Markets upped their price objective on Veralto from $117.00 to $119.00 and gave the stock an "outperform" rating in a research report on Monday, September 30th. Deutsche Bank Aktiengesellschaft increased their price objective on shares of Veralto from $100.00 to $109.00 and gave the company a "hold" rating in a report on Monday, July 29th. Finally, UBS Group began coverage on Veralto in a research note on Tuesday, August 13th. They set a "neutral" rating and a $118.00 price objective on the stock. Seven research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $108.27.

Insider Activity at Veralto

In other Veralto news, SVP Surekha Trivedi sold 7,399 shares of Veralto stock in a transaction on Wednesday, August 21st. The stock was sold at an average price of $110.00, for a total value of $813,890.00. Following the completion of the sale, the senior vice president now owns 12,671 shares of the company's stock, valued at approximately $1,393,810. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other Veralto news, CEO Jennifer Honeycutt sold 13,190 shares of the company's stock in a transaction 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 transaction, the chief executive officer now owns 138,546 shares of the company's stock, valued at $15,260,841.90. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, SVP Surekha Trivedi sold 7,399 shares of the firm's stock in a transaction dated Wednesday, August 21st. The stock was sold at an average price of $110.00, for a total transaction of $813,890.00. Following the completion of the transaction, the senior vice president now directly owns 12,671 shares in the company, valued at $1,393,810. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 36,038 shares of company stock worth $3,989,693 over the last ninety days. 0.31% of the stock is owned by corporate insiders.

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.