Fisher Asset Management LLC Sells 122,416 Shares of Veralto Co. (NYSE:VLTO)

Fisher Asset Management LLC decreased its position in Veralto Co. (NYSE:VLTO - Free Report) by 13.7% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 772,067 shares of the company's stock after selling 122,416 shares during the quarter. Fisher Asset Management LLC owned about 0.31% of Veralto worth $86,363,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the company. Daiwa Securities Group Inc. lifted its holdings in shares of Veralto by 6.6% during the third quarter. Daiwa Securities Group Inc. now owns 89,350 shares of the company's stock valued at $9,995,000 after purchasing an additional 5,562 shares during the last quarter. Centaurus Financial Inc. lifted its holdings in shares of Veralto by 15.5% during the third quarter. Centaurus Financial Inc. now owns 2,051 shares of the company's stock valued at $229,000 after purchasing an additional 276 shares during the last quarter. Larson Financial Group LLC lifted its holdings in shares of Veralto by 562.3% during the third quarter. Larson Financial Group LLC now owns 755 shares of the company's stock valued at $84,000 after purchasing an additional 641 shares during the last quarter. Cerity Partners LLC lifted its holdings in shares of Veralto by 34.3% during the third quarter. Cerity Partners LLC now owns 66,482 shares of the company's stock valued at $7,437,000 after purchasing an additional 16,977 shares during the last quarter. Finally, Nwam LLC purchased a new stake in shares of Veralto during the third quarter valued at $332,000. Institutional investors and hedge funds own 91.28% of the company's stock.

Veralto Stock Performance

Shares of VLTO stock traded down $0.52 during trading on Tuesday, reaching $107.96. The company had a trading volume of 1,368,780 shares, compared to its average volume of 1,541,347. The firm's 50 day simple moving average is $108.08 and its two-hundred day simple moving average is $104.59. 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 one year low of $72.85 and a one year high of $115.00. The company has a market capitalization of $26.70 billion and a PE ratio of 33.48.

Veralto (NYSE:VLTO - Get Free Report) last issued its quarterly earnings results on Wednesday, October 23rd. The company reported $0.89 EPS for the quarter, topping the consensus estimate of $0.85 by $0.04. The company had revenue of $1.31 billion for 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 company's revenue for the quarter was up 4.7% on a year-over-year basis. During the same period in the previous year, the business posted $0.75 EPS. Sell-side analysts forecast that Veralto Co. will post 3.48 earnings per share for the current 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 issued a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a dividend yield of 0.33%. The ex-dividend date of this dividend was Friday, September 27th. Veralto's payout ratio is presently 11.11%.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the company. Deutsche Bank Aktiengesellschaft raised their price objective on Veralto from $100.00 to $109.00 and gave the stock a "hold" rating in a research report on Monday, July 29th. TD Cowen raised their price objective on Veralto from $95.00 to $100.00 and gave the stock a "hold" rating in a research report on Tuesday, July 30th. Royal Bank of Canada raised their price objective on Veralto from $108.00 to $111.00 and gave the stock a "sector perform" rating in a research report on Friday, October 25th. Robert W. Baird raised their price objective on Veralto from $98.00 to $112.00 and gave the stock a "neutral" rating in a research report on Monday, July 29th. Finally, UBS Group started coverage on Veralto in a research note on Tuesday, August 13th. They set a "neutral" rating and a $118.00 price target for the company. Seven analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, Veralto currently has an average rating of "Hold" and an average price target of $108.27.

Insider Transactions at Veralto

In related news, CEO Jennifer Honeycutt sold 13,190 shares of the business'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 sale, the chief executive officer now owns 138,546 shares of the company's stock, valued at $15,260,841.90. The trade was a 8.69 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, 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 value of $77,388.32. Following the completion of the sale, the senior vice president now directly owns 10,413 shares in the company, valued at approximately $1,071,601.83. This represents a 6.74 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 28,639 shares of company stock valued at $3,175,803. 0.31% of the stock is owned by corporate insiders.

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.