PEAK6 Investments LLC Purchases 6,211 Shares of Veralto Co. (NYSE:VLTO)

PEAK6 Investments LLC increased its holdings in Veralto Co. (NYSE:VLTO - Free Report) by 246.3% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 8,733 shares of the company's stock after purchasing an additional 6,211 shares during the quarter. PEAK6 Investments LLC's holdings in Veralto were worth $977,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of the business. Public Sector Pension Investment Board increased its position in shares of Veralto by 119.6% during the third quarter. Public Sector Pension Investment Board now owns 10,834 shares of the company's stock valued at $1,212,000 after buying an additional 5,900 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in shares of Veralto by 3.7% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,319,493 shares of the company's stock valued at $259,458,000 after purchasing an additional 82,470 shares during the period. Fiduciary Trust Co boosted its position in shares of Veralto by 10.7% during the third quarter. Fiduciary Trust Co now owns 11,809 shares of the company's stock valued at $1,321,000 after purchasing an additional 1,140 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in Veralto by 20.3% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 401,979 shares of the company's stock worth $44,965,000 after purchasing an additional 67,736 shares in the last quarter. Finally, FORA Capital LLC bought a new stake in shares of Veralto during the 3rd quarter valued at $5,554,000. Hedge funds and other institutional investors own 91.28% of the company's stock.

Insiders Place Their Bets

In other Veralto news, SVP Surekha Trivedi sold 752 shares of the business's stock in a transaction on Friday, November 1st. The shares were sold at an average price of $102.91, for a total transaction of $77,388.32. Following the transaction, the senior vice president now owns 10,413 shares in the company, valued at $1,071,601.83. The trade was a 6.74 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Jennifer Honeycutt sold 13,190 shares of the firm's stock in a transaction dated 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 completion of the sale, the chief executive officer now owns 138,546 shares of the company's stock, valued at $15,260,841.90. This trade represents a 8.69 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 14,695 shares of company stock worth $1,615,017. Corporate insiders own 0.31% of the company's stock.

Analyst Ratings Changes

VLTO has been the topic of several research reports. UBS Group started coverage on shares of Veralto in a research note on Tuesday, August 13th. They set a "neutral" rating and a $118.00 price objective on the stock. Royal Bank of Canada raised their price objective on shares of Veralto from $108.00 to $111.00 and gave the company a "sector perform" rating in a research note on Friday, October 25th. Stifel Nicolaus increased 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. Finally, BMO Capital Markets boosted their price objective on shares of Veralto from $117.00 to $119.00 and gave the stock an "outperform" rating in a report on Monday, September 30th. Seven equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $108.27.

Veralto Stock Performance

Veralto stock traded up $0.68 during trading on Tuesday, reaching $107.31. The company had a trading volume of 1,053,447 shares, compared to its average volume of 1,529,369. The firm has a market capitalization of $26.54 billion, a price-to-earnings ratio of 33.22, a price-to-earnings-growth ratio of 4.40 and a beta of 0.91. 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 firm's 50-day simple moving average is $107.93 and its 200 day simple moving average is $104.96. Veralto Co. has a 52 week low of $73.91 and a 52 week high of $115.00.

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

Veralto Announces Dividend

The company also recently disclosed 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. The ex-dividend date of this dividend was Friday, September 27th. This represents a $0.36 annualized dividend and a dividend yield of 0.34%. Veralto's payout ratio is 11.11%.

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.