Wilmington Savings Fund Society FSB Purchases 9,382 Shares of Veralto Co. (NYSE:VLTO)

Wilmington Savings Fund Society FSB raised its position in Veralto Co. (NYSE:VLTO - Free Report) by 48.9% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 28,583 shares of the company's stock after purchasing an additional 9,382 shares during the period. Wilmington Savings Fund Society FSB's holdings in Veralto were worth $3,197,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in VLTO. Ashton Thomas Securities LLC acquired a new position in shares of Veralto in the 3rd quarter valued at approximately $25,000. Goodman Advisory Group LLC bought a new position in Veralto in the second quarter valued at approximately $26,000. Fairscale Capital LLC acquired a new position in shares of Veralto in the second quarter valued at approximately $30,000. Raleigh Capital Management Inc. increased its position in shares of Veralto by 692.3% during the third quarter. Raleigh Capital Management Inc. now owns 309 shares of the company's stock worth $35,000 after acquiring an additional 270 shares in the last quarter. Finally, Hazlett Burt & Watson Inc. raised its holdings in shares of Veralto by 11,100.0% during the second quarter. Hazlett Burt & Watson Inc. now owns 336 shares of the company's stock worth $32,000 after acquiring an additional 333 shares during the period. 91.28% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the stock. Stifel Nicolaus reduced their target price on shares of Veralto from $119.00 to $117.00 and set a "buy" rating for the company in a research note on Wednesday. Jefferies Financial Group began coverage on Veralto in a research report on Thursday. They issued a "buy" rating and a $125.00 target price on the stock. BMO Capital Markets raised their price target 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. Finally, Royal Bank of Canada lifted their price objective on shares of Veralto from $108.00 to $111.00 and gave the company a "sector perform" rating in a report on Friday, October 25th. Six analysts have rated the stock with a hold rating and six have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $109.50.

Veralto Stock Performance

NYSE:VLTO traded down $1.57 during mid-day trading on Friday, hitting $104.22. The stock had a trading volume of 756,295 shares, compared to its average volume of 1,510,680. Veralto Co. has a twelve month low of $73.91 and a twelve month high of $115.00. The company has a debt-to-equity ratio of 1.35, a quick ratio of 1.87 and a current ratio of 2.13. The stock has a market cap of $25.77 billion, a price-to-earnings ratio of 32.17, a PEG ratio of 4.35 and a beta of 0.91. The company's 50 day simple moving average is $107.02 and its 200 day simple moving average is $105.26.

Veralto (NYSE:VLTO - Get Free Report) last issued its 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. Veralto had a return on equity of 52.85% and a net margin of 15.69%. The company had revenue of $1.31 billion during the quarter, compared to the consensus estimate of $1.30 billion. During the same period in the previous year, the company posted $0.75 EPS. The firm's revenue for the quarter was up 4.7% compared to the same quarter last year. On average, equities research analysts forecast that Veralto Co. will post 3.48 earnings per share for the current year.

Veralto Dividend Announcement

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 $0.09 dividend. The ex-dividend date of this dividend was Friday, September 27th. This represents a $0.36 annualized dividend and a yield of 0.35%. Veralto's dividend payout ratio (DPR) is presently 11.11%.

Insider Buying and Selling at Veralto

In other Veralto news, CEO Jennifer Honeycutt sold 13,190 shares of the firm's stock in a transaction on Monday, September 30th. The stock was sold at an average price of $110.15, for a total transaction of $1,452,878.50. Following the transaction, the chief executive officer now owns 138,546 shares in the company, valued at $15,260,841.90. This trade represents a 8.69 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Surekha Trivedi sold 753 shares of the company's stock in a transaction 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 sale, the senior vice president now owns 11,165 shares of the company's stock, valued at approximately $1,256,620.75. The trade was a 6.32 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 14,695 shares of company stock valued at $1,615,017 in the last ninety days. 0.31% of the stock is currently owned by corporate insiders.

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.