Veralto Co. (NYSE:VLTO) Shares Purchased by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. lifted its holdings in Veralto Co. (NYSE:VLTO - Free Report) by 10.0% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,549,716 shares of the company's stock after buying an additional 141,209 shares during the quarter. Charles Schwab Investment Management Inc. owned approximately 0.63% of Veralto worth $173,351,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Cetera Investment Advisers raised its stake in shares of Veralto by 247.8% in the first quarter. Cetera Investment Advisers now owns 48,428 shares of the company's stock worth $4,294,000 after purchasing an additional 34,505 shares during the last quarter. Canada Pension Plan Investment Board raised its holdings in Veralto by 32.9% in the 2nd quarter. Canada Pension Plan Investment Board now owns 243,600 shares of the company's stock valued at $23,256,000 after acquiring an additional 60,300 shares during the last quarter. Wealth Enhancement Advisory Services LLC increased its holdings in shares of Veralto by 126.0% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 67,670 shares of the company's stock valued at $6,460,000 after purchasing an additional 37,721 shares during the last quarter. PGGM Investments acquired a new stake in shares of Veralto in the second quarter valued at approximately $1,528,000. Finally, Mirova US LLC lifted its position in Veralto by 2.2% during the second quarter. Mirova US LLC now owns 1,055,767 shares of the company's stock worth $100,794,000 after buying an additional 22,324 shares in the last quarter. 91.28% of the stock is owned by institutional investors.

Veralto Trading Up 0.4 %

Veralto stock traded up $0.40 during trading on Friday, hitting $106.41. The company's stock had a trading volume of 1,748,614 shares, compared to its average volume of 1,260,976. The stock's fifty day moving average is $108.11 and its 200 day moving average is $104.45. 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 Co. has a 1-year low of $72.23 and a 1-year high of $115.00. The stock has a market capitalization of $26.32 billion and a price-to-earnings ratio of 32.84.

Veralto (NYSE:VLTO - Get Free Report) last released its quarterly earnings data on Wednesday, October 23rd. The company reported $0.89 EPS for the quarter, topping analysts' consensus estimates of $0.85 by $0.04. The business had revenue of $1.31 billion during the quarter, compared to the consensus estimate of $1.30 billion. Veralto had a return on equity of 52.85% and a net margin of 15.69%. The business's revenue for the quarter was up 4.7% on a year-over-year basis. During the same period in the prior year, the firm posted $0.75 EPS. As a group, equities research analysts predict that Veralto Co. will post 3.48 EPS for the current year.

Veralto Dividend Announcement

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

Analyst Upgrades and Downgrades

A number of research firms recently commented on VLTO. Robert W. Baird upped their price objective on Veralto from $98.00 to $112.00 and gave the company a "neutral" rating in a report on Monday, July 29th. BMO Capital Markets boosted their target price on Veralto from $117.00 to $119.00 and gave the stock an "outperform" rating in a research note on Monday, September 30th. Deutsche Bank Aktiengesellschaft increased their price target on Veralto from $100.00 to $109.00 and gave the company a "hold" rating in a research report on Monday, July 29th. Stifel Nicolaus boosted their price objective on Veralto from $117.00 to $119.00 and gave the stock a "buy" rating in a research report on Wednesday, October 16th. Finally, TD Cowen raised their price objective on shares of Veralto from $95.00 to $100.00 and gave the company a "hold" rating in a report on Tuesday, July 30th. Seven investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $108.27.

Insider Buying and Selling

In other Veralto news, CEO Jennifer Honeycutt sold 13,191 shares of the stock in a transaction that occurred on Friday, August 30th. The stock was sold at an average price of $111.98, for a total transaction of $1,477,128.18. Following the transaction, the chief executive officer now owns 138,546 shares of the company's stock, valued at $15,514,381.08. This trade represents a 8.69 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, SVP Surekha Trivedi sold 753 shares of the business's stock in a transaction that occurred on Tuesday, October 1st. The shares were sold at an average price of $112.55, for a total value of $84,750.15. Following the completion of the sale, the senior vice president now owns 11,165 shares of the company's stock, valued at $1,256,620.75. This trade represents a 6.32 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 28,639 shares of company stock valued at $3,175,803. Company insiders own 0.31% of the company's stock.

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.