Impax Asset Management Group plc Has $452.21 Million Position in Veralto Co. (NYSE:VLTO)

Impax Asset Management Group plc decreased its position in Veralto Co. (NYSE:VLTO - Free Report) by 8.0% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,049,172 shares of the company's stock after selling 349,748 shares during the quarter. Veralto makes up approximately 1.8% of Impax Asset Management Group plc's portfolio, making the stock its 13th largest holding. Impax Asset Management Group plc owned 1.64% of Veralto worth $452,213,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Hazlett Burt & Watson Inc. boosted its stake in Veralto by 550.3% during the 3rd quarter. Hazlett Burt & Watson Inc. now owns 2,185 shares of the company's stock valued at $244,000 after purchasing an additional 1,849 shares during the period. QRG Capital Management Inc. boosted its position in shares of Veralto by 9.6% in the third quarter. QRG Capital Management Inc. now owns 23,412 shares of the company's stock valued at $2,619,000 after acquiring an additional 2,051 shares during the period. Asset Management One Co. Ltd. grew its stake in shares of Veralto by 1.2% in the third quarter. Asset Management One Co. Ltd. now owns 100,578 shares of the company's stock worth $11,251,000 after acquiring an additional 1,209 shares during the last quarter. Intact Investment Management Inc. increased its position in Veralto by 66,000.0% during the third quarter. Intact Investment Management Inc. now owns 661 shares of the company's stock worth $74,000 after acquiring an additional 660 shares during the period. Finally, Robeco Institutional Asset Management B.V. boosted its holdings in Veralto by 2.6% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 79,526 shares of the company's stock valued at $8,896,000 after purchasing an additional 2,011 shares during the period. 91.28% of the stock is currently owned by institutional investors and hedge funds.

Veralto Price Performance

VLTO traded up $0.84 during trading on Monday, hitting $102.43. The company's stock had a trading volume of 960,765 shares, compared to its average volume of 1,545,677. The firm's 50 day moving average price is $110.01 and its two-hundred day moving average price is $103.41. 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 stock has a market capitalization of $25.33 billion and a price-to-earnings ratio of 31.48. Veralto Co. has a 12 month low of $67.36 and a 12 month high of $115.00.

Veralto (NYSE:VLTO - Get Free Report) last issued its quarterly 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 the consensus estimate of $1.30 billion. Veralto had a net margin of 15.69% and a return on equity of 52.85%. The firm's quarterly revenue was up 4.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.75 EPS. Sell-side 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. Investors of record on Friday, September 27th were given a $0.09 dividend. This represents a $0.36 annualized dividend and a yield of 0.35%. The ex-dividend date of this dividend was Friday, September 27th. Veralto's dividend payout ratio (DPR) is presently 11.11%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on VLTO shares. UBS Group started coverage on Veralto in a research report on Tuesday, August 13th. They set a "neutral" rating and a $118.00 target price on the stock. Deutsche Bank Aktiengesellschaft upped their target price on Veralto from $100.00 to $109.00 and gave the company a "hold" rating in a research note on Monday, July 29th. Stifel Nicolaus boosted their price target on shares of Veralto from $117.00 to $119.00 and gave the company a "buy" rating in a report on Wednesday, October 16th. Royal Bank of Canada raised their price objective on shares of Veralto from $108.00 to $111.00 and gave the stock a "sector perform" rating in a report on Friday, October 25th. Finally, BMO Capital Markets upped their target price on shares of Veralto from $117.00 to $119.00 and gave the company an "outperform" rating in a research note on Monday, September 30th. Seven research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $108.27.

Insiders Place Their Bets

In other Veralto news, SVP Surekha Trivedi sold 7,399 shares of the business'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 sale, the senior vice president now directly owns 12,671 shares of the company's stock, valued at approximately $1,393,810. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other Veralto news, SVP Surekha Trivedi sold 7,399 shares of Veralto stock in a transaction on Wednesday, August 21st. The shares were sold at an average price of $110.00, for a total transaction 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. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Jennifer Honeycutt sold 13,191 shares of the stock in a transaction on Friday, August 30th. The shares were 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 directly owns 138,546 shares in the company, valued at approximately $15,514,381.08. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 35,286 shares of company stock valued at $3,912,305. 0.31% of the stock is currently owned by corporate insiders.

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.