12,514 Shares in Veralto Co. (NYSE:VLTO) Bought by F M Investments LLC

F M Investments LLC acquired a new stake in Veralto Co. (NYSE:VLTO - Free Report) in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 12,514 shares of the company's stock, valued at approximately $1,380,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Oregon Public Employees Retirement Fund grew its position in Veralto by 0.5% in the 2nd quarter. Oregon Public Employees Retirement Fund now owns 18,861 shares of the company's stock valued at $1,801,000 after buying an additional 100 shares during the last quarter. Strategic Blueprint LLC boosted its holdings in shares of Veralto by 4.5% in the third quarter. Strategic Blueprint LLC now owns 2,394 shares of the company's stock valued at $268,000 after acquiring an additional 102 shares in the last quarter. Perkins Coie Trust Co increased its stake in shares of Veralto by 1.8% during the third quarter. Perkins Coie Trust Co now owns 7,253 shares of the company's stock worth $811,000 after acquiring an additional 125 shares during the period. Toth Financial Advisory Corp raised its holdings in Veralto by 16.1% during the third quarter. Toth Financial Advisory Corp now owns 910 shares of the company's stock worth $102,000 after purchasing an additional 126 shares in the last quarter. Finally, Private Advisor Group LLC lifted its position in Veralto by 0.9% in the third quarter. Private Advisor Group LLC now owns 15,282 shares of the company's stock valued at $1,709,000 after purchasing an additional 141 shares during the period. Hedge funds and other institutional investors own 91.28% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on VLTO shares. Royal Bank of Canada increased their target price on Veralto from $108.00 to $111.00 and gave the stock a "sector perform" rating in a research note on Friday, October 25th. TD Cowen raised their target price on Veralto from $95.00 to $100.00 and gave the company a "hold" rating in a report on Tuesday, July 30th. Stifel Nicolaus boosted their target price on shares of Veralto from $117.00 to $119.00 and gave the stock a "buy" rating in a research report on Wednesday, October 16th. UBS Group started coverage on shares of Veralto in a report on Tuesday, August 13th. They issued a "neutral" rating and a $118.00 price target for the company. Finally, Robert W. Baird upped their target price on shares of Veralto from $98.00 to $112.00 and gave the stock a "neutral" rating in a research report on Monday, July 29th. Seven research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $108.27.

Veralto Price Performance

Veralto stock traded down $0.60 during mid-day trading on Friday, hitting $101.59. 1,117,923 shares of the company were exchanged, compared to its average volume of 1,391,884. 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 Co. has a 12-month low of $66.69 and a 12-month high of $115.00. The business's 50 day simple moving average is $110.01 and its two-hundred day simple moving average is $103.41. The company has a market capitalization of $25.12 billion and a P/E ratio of 31.35.

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

Veralto Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, October 31st. Investors of record on Friday, September 27th were given a dividend of $0.09 per share. The ex-dividend date was Friday, September 27th. This represents a $0.36 dividend on an annualized basis and a yield of 0.35%. Veralto's dividend payout ratio (DPR) is currently 11.11%.

Insiders Place Their Bets

In other Veralto news, CEO Jennifer Honeycutt sold 13,190 shares of the stock in a transaction on Monday, September 30th. The stock was sold at an average price of $110.15, for a total transaction 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 document filed with the SEC, which is available through this link. In related news, SVP Surekha Trivedi sold 7,399 shares of the business's stock in a transaction that occurred on Wednesday, August 21st. The shares were 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 directly owns 12,671 shares in the company, valued at approximately $1,393,810. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Jennifer Honeycutt sold 13,190 shares of the stock in a transaction that occurred on Monday, September 30th. The stock was sold at an average price of $110.15, for a total transaction of $1,452,878.50. Following the transaction, the chief executive officer now directly owns 138,546 shares in the company, valued at approximately $15,260,841.90. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 35,286 shares of company stock valued at $3,912,305. Company 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.