Quadrature Capital Ltd Purchases Shares of 5,154 Veralto Co. (NYSE:VLTO)

Quadrature Capital Ltd purchased a new position in Veralto Co. (NYSE:VLTO - Free Report) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 5,154 shares of the company's stock, valued at approximately $576,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Bank of New York Mellon Corp grew its stake in Veralto by 5.0% in the 2nd quarter. Bank of New York Mellon Corp now owns 4,178,777 shares of the company's stock worth $398,948,000 after buying an additional 200,657 shares in the last quarter. FMR LLC grew its position in Veralto by 5.1% in the third quarter. FMR LLC now owns 3,329,717 shares of the company's stock worth $372,462,000 after acquiring an additional 162,347 shares in the last quarter. Janus Henderson Group PLC increased its stake in Veralto by 0.4% in the third quarter. Janus Henderson Group PLC now owns 2,885,996 shares of the company's stock valued at $322,827,000 after acquiring an additional 11,430 shares during the last quarter. Swedbank AB raised its position in Veralto by 4.9% during the second quarter. Swedbank AB now owns 2,814,983 shares of the company's stock valued at $268,746,000 after purchasing an additional 132,105 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in Veralto by 3.7% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,319,493 shares of the company's stock worth $259,458,000 after purchasing an additional 82,470 shares during the last quarter. Hedge funds and other institutional investors own 91.28% of the company's stock.

Insider Activity

In other 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 completion of the sale, the senior vice president now owns 10,413 shares of the company's stock, valued at $1,071,601.83. The trade was a 6.74 % decrease in their position. The sale 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 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 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 ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 14,695 shares of company stock valued at $1,615,017 in the last ninety days. 0.31% of the stock is currently owned by company insiders.

Veralto Stock Up 0.2 %

Shares of NYSE:VLTO traded up $0.22 during trading on Monday, reaching $106.75. 1,050,779 shares of the stock traded hands, compared to its average volume of 1,521,344. The stock has a market cap of $26.40 billion, a P/E ratio of 32.95, a price-to-earnings-growth ratio of 4.39 and a beta of 0.91. The stock has a 50-day moving average of $107.58 and a two-hundred day moving average of $105.16. Veralto Co. has a 52-week low of $73.91 and a 52-week high of $115.00. The company has a debt-to-equity ratio of 1.35, a quick ratio of 1.87 and a current ratio of 2.13.

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, 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 business had revenue of $1.31 billion for the quarter, compared to analysts' expectations of $1.30 billion. During the same quarter in the prior year, the business earned $0.75 EPS. The business's revenue for the quarter was up 4.7% compared to the same quarter last year. As a group, sell-side analysts expect that Veralto Co. will post 3.48 earnings per share for the current fiscal year.

Veralto Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, October 31st. Shareholders of record on Friday, September 27th were paid a dividend of $0.09 per share. The ex-dividend date of this dividend was Friday, September 27th. This represents a $0.36 dividend on an annualized basis and a yield of 0.34%. Veralto's dividend payout ratio is presently 11.11%.

Analyst Ratings Changes

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

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.