WealthPlan Investment Management LLC bought a new position in shares of Veralto Co. (NYSE:VLTO - Free Report) during the 3rd quarter, according to its most recent 13F filing with the SEC. The fund bought 26,362 shares of the company's stock, valued at approximately $2,949,000.
A number of other large investors have also made changes to their positions in VLTO. Oregon Public Employees Retirement Fund lifted its stake in Veralto by 0.5% in the 2nd quarter. Oregon Public Employees Retirement Fund now owns 18,861 shares of the company's stock valued at $1,801,000 after buying an additional 100 shares in the last quarter. Strategic Blueprint LLC raised its stake in Veralto by 4.5% during the third quarter. Strategic Blueprint LLC now owns 2,394 shares of the company's stock worth $268,000 after purchasing an additional 102 shares during the period. Graypoint LLC grew its stake in shares of Veralto by 2.4% during the 3rd quarter. Graypoint LLC now owns 4,514 shares of the company's stock valued at $505,000 after buying an additional 107 shares during the period. Sentry Investment Management LLC increased its holdings in shares of Veralto by 1.8% during the 3rd quarter. Sentry Investment Management LLC now owns 5,999 shares of the company's stock worth $671,000 after buying an additional 108 shares during the last quarter. Finally, Perkins Coie Trust Co raised its position in shares of Veralto by 1.8% in the 3rd quarter. Perkins Coie Trust Co now owns 7,253 shares of the company's stock worth $811,000 after buying an additional 125 shares during the period. Hedge funds and other institutional investors own 91.28% of the company's stock.
Wall Street Analyst Weigh In
Several research firms have issued reports on VLTO. UBS Group assumed coverage on shares of Veralto in a research note on Tuesday, August 13th. They set a "neutral" rating and a $118.00 price objective for the company. TD Cowen increased their price target on Veralto from $95.00 to $100.00 and gave the company a "hold" rating in a report on Tuesday, July 30th. Royal Bank of Canada boosted their price objective on Veralto from $108.00 to $111.00 and gave the stock a "sector perform" rating in a research note on Friday, October 25th. The Goldman Sachs Group increased their target price on Veralto from $104.00 to $116.00 and gave the company a "buy" rating in a research note on Monday, July 29th. Finally, Robert W. Baird boosted their price target on Veralto from $98.00 to $112.00 and gave the stock a "neutral" rating in a research report on Monday, July 29th. Seven 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 currently has a consensus rating of "Hold" and a consensus target price of $108.27.
Check Out Our Latest Research Report on Veralto
Insider Activity
In other news, CEO Jennifer Honeycutt sold 13,191 shares of the firm's stock in a transaction dated Friday, August 30th. The shares were sold at an average price of $111.98, for a total transaction of $1,477,128.18. Following the completion of the transaction, the chief executive officer now directly owns 138,546 shares of the company's stock, valued at approximately $15,514,381.08. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Veralto news, SVP Surekha Trivedi sold 753 shares of the business's stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $111.10, for a total value of $83,658.30. Following the completion of the transaction, the senior vice president now directly owns 11,918 shares of the company's stock, valued at approximately $1,324,089.80. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Jennifer Honeycutt sold 13,191 shares of the business's stock in a transaction dated Friday, August 30th. The shares were sold at an average price of $111.98, for a total value of $1,477,128.18. Following the completion of the sale, the chief executive officer now owns 138,546 shares in the company, valued at approximately $15,514,381.08. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 36,038 shares of company stock worth $3,989,693. Company insiders own 0.31% of the company's stock.
Veralto Stock Performance
VLTO stock traded up $0.01 during midday trading on Tuesday, hitting $104.40. 203,122 shares of the company traded hands, compared to its average volume of 1,535,301. The business has a 50 day simple moving average of $109.08 and a 200-day simple moving average of $103.93. The company has a quick ratio of 1.87, a current ratio of 2.13 and a debt-to-equity ratio of 1.35. Veralto Co. has a twelve month low of $70.06 and a twelve month high of $115.00. The stock has a market capitalization of $25.82 billion and a price-to-earnings ratio of 32.22.
Veralto (NYSE:VLTO - Get Free Report) last released its earnings results on Wednesday, October 23rd. The company reported $0.89 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 return on equity of 52.85% and a net margin of 15.69%. The company's revenue was up 4.7% on a year-over-year basis. During the same quarter last year, the firm posted $0.75 EPS. As a group, equities research analysts predict that Veralto Co. will post 3.48 earnings per share for the current year.
Veralto Dividend Announcement
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 0.34%. The ex-dividend date of this dividend was Friday, September 27th. Veralto's payout ratio is presently 11.11%.
About Veralto
(
Free Report)
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.
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