Natixis Advisors LLC Cuts Stock Holdings in Veralto Co. (NYSE:VLTO)

Natixis Advisors LLC trimmed its stake in Veralto Co. (NYSE:VLTO - Free Report) by 8.0% during the third quarter, according to its most recent 13F filing with the SEC. The firm owned 178,697 shares of the company's stock after selling 15,641 shares during the period. Natixis Advisors LLC owned about 0.07% of Veralto worth $19,989,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. UniSuper Management Pty Ltd lifted its stake in Veralto by 410.6% during the 1st quarter. UniSuper Management Pty Ltd now owns 13,179 shares of the company's stock worth $1,168,000 after acquiring an additional 10,598 shares in the last quarter. Lake Street Advisors Group LLC acquired a new stake in shares of Veralto during the first quarter worth about $228,000. Natixis purchased a new position in shares of Veralto in the first quarter valued at approximately $192,000. CreativeOne Wealth LLC acquired a new position in shares of Veralto in the first quarter valued at approximately $270,000. Finally, Capital Group Investment Management PTE. LTD. increased its stake in Veralto by 25.9% during the 1st quarter. Capital Group Investment Management PTE. LTD. now owns 5,953 shares of the company's stock worth $528,000 after buying an additional 1,225 shares during the period. 91.28% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Veralto news, SVP Surekha Trivedi sold 752 shares of the firm'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 directly owns 10,413 shares of the company's stock, valued at approximately $1,071,601.83. This trade represents a 6.74 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Jennifer Honeycutt sold 13,190 shares of Veralto stock in a transaction on Monday, September 30th. The shares were sold at an average price of $110.15, for a total transaction of $1,452,878.50. Following the completion of the transaction, the chief executive officer now owns 138,546 shares in the company, valued at approximately $15,260,841.90. This represents a 8.69 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 28,639 shares of company stock valued at $3,175,803 over the last quarter. Company insiders own 0.31% of the company's stock.

Veralto Stock Down 0.1 %

VLTO stock traded down $0.11 during midday trading on Wednesday, reaching $103.87. 270,281 shares of the company were exchanged, compared to its average volume of 1,526,291. The company has a market cap of $25.69 billion and a price-to-earnings ratio of 32.09. 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 $70.47 and a 1-year high of $115.00. The stock's 50-day simple moving average is $108.32 and its 200 day simple moving average is $104.32.

Veralto (NYSE:VLTO - Get Free Report) last announced 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 firm had revenue of $1.31 billion for the quarter, compared to analyst estimates of $1.30 billion. Veralto had a net margin of 15.69% and a return on equity of 52.85%. Veralto's revenue for the quarter was up 4.7% compared to the same quarter last year. During the same period last year, the business earned $0.75 EPS. On average, equities analysts forecast that Veralto Co. will post 3.48 earnings per share for the current year.

Veralto Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, October 31st. Investors of record on Friday, September 27th were paid a dividend of $0.09 per share. The ex-dividend date was Friday, September 27th. This represents a $0.36 dividend on an annualized basis and a yield of 0.35%. Veralto's dividend payout ratio is presently 11.11%.

Analyst Upgrades and Downgrades

VLTO has been the subject of several recent research reports. Deutsche Bank Aktiengesellschaft raised their price target on shares of Veralto from $100.00 to $109.00 and gave the company a "hold" rating in a research report on Monday, July 29th. UBS Group assumed coverage on Veralto in a report on Tuesday, August 13th. They issued a "neutral" rating and a $118.00 target price for the company. TD Cowen upped their price target on Veralto from $95.00 to $100.00 and gave the stock a "hold" rating in a report on Tuesday, July 30th. Stifel Nicolaus lifted their price objective on 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 upped their target price on shares of Veralto from $117.00 to $119.00 and gave the stock an "outperform" rating in a research note on Monday, September 30th. Seven equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus 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.