nVerses Capital LLC Buys Shares of 8,900 Veralto Co. (NYSE:VLTO)

nVerses Capital LLC acquired a new position in shares of Veralto Co. (NYSE:VLTO - Free Report) in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 8,900 shares of the company's stock, valued at approximately $996,000.

Other hedge funds have also made changes to their positions in the company. Teachers Retirement System of The State of Kentucky purchased a new position in shares of Veralto in the 4th quarter valued at $1,544,000. Integrated Advisors Network LLC acquired a new stake in shares of Veralto during the fourth quarter worth about $371,000. Centaurus Financial Inc. purchased a new stake in shares of Veralto in the 4th quarter valued at about $155,000. American International Group Inc. purchased a new stake in shares of Veralto in the 4th quarter valued at about $5,272,000. Finally, Wellington Management Group LLP acquired a new stake in shares of Veralto in the 4th quarter valued at about $87,203,000. Hedge funds and other institutional investors own 91.28% of the company's stock.

Wall Street Analyst Weigh In

Several research firms have commented on VLTO. Robert W. Baird lifted their price target on Veralto from $98.00 to $112.00 and gave the stock a "neutral" rating in a research report on Monday, July 29th. Deutsche Bank Aktiengesellschaft increased their price target on shares of Veralto from $100.00 to $109.00 and gave the stock a "hold" rating in a research note on Monday, July 29th. UBS Group started coverage on shares of Veralto in a research note on Tuesday, August 13th. They issued a "neutral" rating and a $118.00 price objective on the stock. Stifel Nicolaus upped their target price on shares of Veralto from $117.00 to $119.00 and gave the company a "buy" rating in a report on Wednesday. Finally, The Goldman Sachs Group raised their price target on Veralto from $104.00 to $116.00 and gave the stock a "buy" rating in a report on Monday, July 29th. Seven research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $108.00.

Veralto Stock Performance

Shares of VLTO stock traded up $0.51 during trading hours on Thursday, reaching $113.03. 1,188,973 shares of the company's stock were exchanged, compared to its average volume of 1,545,072. The company has a debt-to-equity ratio of 1.56, a current ratio of 1.96 and a quick ratio of 1.70. Veralto Co. has a 1 year low of $65.51 and a 1 year high of $114.61. The company has a market cap of $27.90 billion and a P/E ratio of 35.27. The company's 50 day moving average is $110.39 and its two-hundred day moving average is $101.71.

Veralto (NYSE:VLTO - Get Free Report) last released its earnings results on Thursday, July 25th. The company reported $0.85 EPS for the quarter, beating analysts' consensus estimates of $0.80 by $0.05. Veralto had a return on equity of 58.82% and a net margin of 15.60%. The company had revenue of $1.29 billion during the quarter, compared to the consensus estimate of $1.28 billion. During the same quarter last year, the company earned $0.80 earnings per share. Veralto's quarterly revenue was up 2.8% compared to the same quarter last year. Equities research analysts anticipate that Veralto Co. will post 3.45 EPS for the current fiscal year.

Veralto Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 31st. Shareholders of record on Friday, September 27th will be given a dividend of $0.09 per share. The ex-dividend date is Friday, September 27th. This represents a $0.36 annualized dividend and a yield of 0.32%. Veralto's payout ratio is currently 11.29%.

Insiders Place Their Bets

In other news, SVP Mattias Bystrom sold 3,000 shares of the business's stock in a transaction that occurred on Monday, July 29th. The stock was sold at an average price of $105.89, for a total transaction of $317,670.00. Following the sale, the senior vice president now owns 31,045 shares of the company's stock, valued at $3,287,355.05. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, SVP Mattias Bystrom sold 3,000 shares of Veralto stock in a transaction on Monday, July 29th. The stock was sold at an average price of $105.89, for a total transaction of $317,670.00. Following the completion of the transaction, the senior vice president now owns 31,045 shares of the company's stock, valued at $3,287,355.05. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO Jennifer Honeycutt sold 13,191 shares of the stock in a transaction dated Friday, August 30th. The shares were sold at an average price of $111.98, for a total transaction of $1,477,128.18. Following the completion of the sale, the chief executive officer now directly owns 138,546 shares in the company, valued at approximately $15,514,381.08. 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 three months, insiders have sold 39,039 shares of company stock worth $4,310,335. 0.31% of the stock is owned by company insiders.

About Veralto

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.