Virtu Financial LLC Purchases 11,886 Shares of Veralto Co. (NYSE:VLTO)

Virtu Financial LLC boosted its holdings in shares of Veralto Co. (NYSE:VLTO - Free Report) by 301.9% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 15,823 shares of the company's stock after purchasing an additional 11,886 shares during the period. Virtu Financial LLC's holdings in Veralto were worth $1,770,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in VLTO. Brown Brothers Harriman & Co. increased its position in shares of Veralto by 2.6% during the 3rd quarter. Brown Brothers Harriman & Co. now owns 3,851 shares of the company's stock worth $431,000 after purchasing an additional 99 shares in the last quarter. Oregon Public Employees Retirement Fund increased its holdings in shares of Veralto by 0.5% during the second quarter. Oregon Public Employees Retirement Fund now owns 18,861 shares of the company's stock worth $1,801,000 after buying an additional 100 shares in the last quarter. Tokio Marine Asset Management Co. Ltd. raised its stake in shares of Veralto by 1.4% in the third quarter. Tokio Marine Asset Management Co. Ltd. now owns 7,338 shares of the company's stock valued at $821,000 after acquiring an additional 100 shares during the last quarter. Strategic Blueprint LLC raised its stake in shares of Veralto by 4.5% in the third quarter. Strategic Blueprint LLC now owns 2,394 shares of the company's stock valued at $268,000 after acquiring an additional 102 shares during the last quarter. Finally, Insigneo Advisory Services LLC boosted its holdings in shares of Veralto by 1.8% in the 3rd quarter. Insigneo Advisory Services LLC now owns 5,767 shares of the company's stock worth $645,000 after acquiring an additional 103 shares in the last quarter. Institutional investors own 91.28% of the company's stock.

Veralto Trading Down 1.5 %

Shares of VLTO traded down $1.57 on Friday, reaching $104.22. 753,166 shares of the company's stock were exchanged, compared to its average volume of 1,510,680. Veralto Co. has a 12 month low of $73.91 and a 12 month high of $115.00. The stock has a market capitalization of $25.77 billion, a P/E ratio of 32.17, a price-to-earnings-growth ratio of 4.35 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 business has a 50 day moving average price of $107.18 and a two-hundred day moving average price of $105.25.

Veralto (NYSE:VLTO - Get Free Report) last posted its quarterly earnings results 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 company had revenue of $1.31 billion for the quarter, compared to the consensus estimate of $1.30 billion. During the same quarter in the prior year, the business posted $0.75 EPS. The firm's quarterly revenue was up 4.7% on a year-over-year basis. Research analysts anticipate that Veralto Co. will post 3.48 earnings per share for the current year.

Veralto Announces Dividend

The business also recently announced 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 0.35%. Veralto's payout ratio is currently 11.11%.

Analyst Ratings Changes

VLTO has been the subject of a number of recent analyst reports. Stifel Nicolaus dropped their price target on Veralto from $119.00 to $117.00 and set a "buy" rating for the company in a report on Wednesday. Jefferies Financial Group started coverage on Veralto in a research note on Thursday. They issued a "buy" rating and a $125.00 target price for the company. Royal Bank of Canada upped their price target on shares of Veralto from $108.00 to $111.00 and gave the stock a "sector perform" rating in a research report on Friday, October 25th. Finally, BMO Capital Markets raised their price objective on shares of Veralto from $117.00 to $119.00 and gave the company an "outperform" rating in a research report on Monday, September 30th. Seven equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and an average price target of $109.50.

Insider Transactions at Veralto

In other Veralto news, SVP Surekha Trivedi sold 753 shares of Veralto stock in a transaction dated Tuesday, October 1st. The stock was sold at an average price of $112.55, for a total transaction of $84,750.15. Following the transaction, the senior vice president now directly owns 11,165 shares in the company, valued at approximately $1,256,620.75. The trade was a 6.32 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Jennifer Honeycutt sold 13,190 shares of the stock in a transaction dated 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. In the last ninety days, insiders sold 14,695 shares of company stock worth $1,615,017. 0.31% of the stock is currently owned by company 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.