Veralto Co. (NYSE:VLTO) Position Increased by Border to Coast Pensions Partnership Ltd

Border to Coast Pensions Partnership Ltd raised its holdings in shares of Veralto Co. (NYSE:VLTO) by 4.5% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 52,557 shares of the company’s stock after acquiring an additional 2,242 shares during the period. Border to Coast Pensions Partnership Ltd’s holdings in Veralto were worth $5,862,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the business. Oregon Public Employees Retirement Fund raised its stake in Veralto by 0.5% during the 2nd quarter. Oregon Public Employees Retirement Fund now owns 18,861 shares of the company’s stock valued at $1,801,000 after acquiring an additional 100 shares in the last quarter. Perkins Coie Trust Co increased its position in shares of Veralto by 1.8% during the 3rd quarter. Perkins Coie Trust Co now owns 7,253 shares of the company’s stock valued at $811,000 after purchasing an additional 125 shares during the period. Toth Financial Advisory Corp increased its position in shares of Veralto by 16.1% during the 3rd quarter. Toth Financial Advisory Corp now owns 910 shares of the company’s stock valued at $102,000 after purchasing an additional 126 shares during the period. Sequoia Financial Advisors LLC increased its position in shares of Veralto by 2.7% during the 2nd quarter. Sequoia Financial Advisors LLC now owns 5,406 shares of the company’s stock valued at $516,000 after purchasing an additional 142 shares during the period. Finally, Graypoint LLC increased its position in shares of Veralto by 3.8% during the 2nd quarter. Graypoint LLC now owns 4,407 shares of the company’s stock valued at $421,000 after purchasing an additional 160 shares during the period. Institutional investors own 91.28% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the company. The Goldman Sachs Group lifted their price target on Veralto from $104.00 to $116.00 and gave the company a “buy” rating in a research report on Monday, July 29th. Robert W. Baird lifted their price target on Veralto from $98.00 to $112.00 and gave the company a “neutral” rating in a research report on Monday, July 29th. BMO Capital Markets lifted their price target on Veralto from $117.00 to $119.00 and gave the company an “outperform” rating in a research report on Monday, September 30th. Royal Bank of Canada lifted their price target on Veralto from $101.00 to $108.00 and gave the company a “sector perform” rating in a research report on Monday, July 29th. Finally, TD Cowen lifted their target price on Veralto from $95.00 to $100.00 and gave the stock a “hold” rating in a report on Tuesday, July 30th. Seven investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $108.00.

Insider Activity

In other news, SVP Mattias Bystrom sold 3,000 shares of Veralto stock in a transaction on Monday, July 29th. The stock was sold at an average price of $105.89, for a total transaction of $317,670.00. Following the transaction, the senior vice president now owns 31,045 shares in the company, valued at approximately $3,287,355.05. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In related news, SVP Mattias Bystrom sold 3,000 shares of Veralto stock in a transaction on Monday, July 29th. The stock was sold at an average price of $105.89, for a total transaction of $317,670.00. Following the completion of the sale, the senior vice president now owns 31,045 shares of the company’s stock, valued at approximately $3,287,355.05. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Jennifer Honeycutt sold 13,191 shares of Veralto stock in a transaction on 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 sale, the chief executive officer now directly owns 138,546 shares of the company’s stock, valued at approximately $15,514,381.08. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 39,039 shares of company stock worth $4,310,335. 0.31% of the stock is owned by corporate insiders.

Veralto Stock Down 0.4 %

Shares of VLTO stock traded down $0.42 on Monday, reaching $113.18. 414,255 shares of the company’s stock traded hands, compared to its average volume of 1,550,824. Veralto Co. has a 12-month low of $65.51 and a 12-month high of $114.61. The company has a debt-to-equity ratio of 1.56, a quick ratio of 1.70 and a current ratio of 1.96. The company has a market capitalization of $27.94 billion and a P/E ratio of 35.58. The business’s 50 day moving average price is $110.66 and its two-hundred day moving average price is $102.18.

Veralto (NYSE:VLTO) last issued its quarterly earnings results on Thursday, July 25th. The company reported $0.85 earnings per share for the quarter, beating analysts’ consensus estimates of $0.80 by $0.05. Veralto had a return on equity of 58.82% and a net margin of 15.60%. The business had revenue of $1.29 billion for the quarter, compared to the consensus estimate of $1.28 billion. During the same quarter in the previous year, the company posted $0.80 earnings per share. Veralto’s revenue for the quarter was up 2.8% compared to the same quarter last year. On average, equities analysts forecast that Veralto Co. will post 3.46 earnings per share for the current year.

Veralto Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 31st. Stockholders of record on Friday, September 27th will be issued a dividend of $0.09 per share. The ex-dividend date is Friday, September 27th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 0.32%. Veralto’s dividend payout ratio is 11.29%.

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.