255,749 Veralto Corporation $VLTO Shares Bought by Pictet Asset Management Holding SA

Pictet Asset Management Holding SA lifted its holdings in Veralto Corporation (NYSE:VLTO) by 8.4% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 3,285,938 shares of the company’s stock after purchasing an additional 255,749 shares during the period. Pictet Asset Management Holding SA owned 1.35% of Veralto worth $309,946,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in VLTO. First Trust Advisors LP boosted its stake in Veralto by 31.5% during the 1st quarter. First Trust Advisors LP now owns 6,150,388 shares of the company’s stock valued at $543,817,000 after purchasing an additional 1,472,304 shares during the period. Amundi grew its holdings in Veralto by 16.3% in the 1st quarter. Amundi now owns 3,797,526 shares of the company’s stock valued at $335,785,000 after buying an additional 531,478 shares during the last quarter. Bank of New York Mellon Corp acquired a new stake in Veralto in the 2nd quarter valued at approximately $235,200,000. Janus Henderson Group PLC grew its holdings in Veralto by 3.4% in the 1st quarter. Janus Henderson Group PLC now owns 2,095,393 shares of the company’s stock valued at $185,266,000 after buying an additional 69,578 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its position in Veralto by 16.4% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,788,026 shares of the company’s stock worth $158,063,000 after buying an additional 252,267 shares during the period. 91.28% of the stock is currently owned by institutional investors.

Veralto Trading Up 0.4%

Shares of VLTO opened at $117.06 on Friday. The stock’s 50-day moving average price is $100.00 and its 200 day moving average price is $93.49. The company has a quick ratio of 1.61, a current ratio of 2.03 and a debt-to-equity ratio of 0.83. The firm has a market capitalization of $28.46 billion, a price-to-earnings ratio of 28.97, a P/E/G ratio of 3.25 and a beta of 0.51. Veralto Corporation has a 12-month low of $80.03 and a 12-month high of $119.03.

Veralto (NYSE:VLTO) last announced its quarterly earnings data on Thursday, October 29th. The company reported $1.18 EPS for the quarter, topping analysts’ consensus estimates of $1.09 by $0.09. The company had revenue of $1.51 billion during the quarter, compared to the consensus estimate of $1.50 billion. Veralto had a return on equity of 35.08% and a net margin of 17.27%. The company’s quarterly revenue was up 7.5% on a year-over-year basis. During the same quarter last year, the company earned $0.99 EPS. As a group, research analysts predict that Veralto Corporation will post 4.51 earnings per share for the current year.

Veralto Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, October 30th. Shareholders of record on Wednesday, September 30th were issued a $0.13 dividend. This represents a $0.52 annualized dividend and a yield of 0.4%. The ex-dividend date of this dividend was Wednesday, September 30th. Veralto’s payout ratio is 12.87%.

Analyst Ratings Changes

VLTO has been the subject of a number of research analyst reports. Royal Bank Of Canada upped their price target on Veralto from $109.00 to $121.00 and gave the stock a “sector perform” rating in a report on Monday, November 2nd. Robert W. Baird set a $111.00 price objective on shares of Veralto in a research note on Thursday, July 30th. Jefferies Financial Group reaffirmed a “buy” rating and set a $135.00 target price on shares of Veralto in a research report on Friday, October 30th. Wall Street Zen lowered shares of Veralto from a “buy” rating to a “hold” rating in a research report on Saturday, October 24th. Finally, Barclays upped their target price on shares of Veralto from $117.00 to $129.00 and gave the company an “overweight” rating in a research note on Monday, November 2nd. Seven analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $120.70.

Insider Buying and Selling at Veralto

In other news, CAO Bernard M. Skeete sold 1,514 shares of the firm’s stock in a transaction dated Monday, November 2nd. The shares were sold at an average price of $112.58, for a total transaction of $170,446.12. Following the completion of the transaction, the chief accounting officer directly owned 4,760 shares of the company’s stock, valued at approximately $535,880.80. This trade represents a 24.13% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Surekha Trivedi sold 36,427 shares of the firm’s stock in a transaction dated Friday, October 30th. The stock was sold at an average price of $108.89, for a total transaction of $3,966,536.03. Following the transaction, the senior vice president directly owned 8,565 shares of the company’s stock, valued at $932,642.85. The trade was a 80.96% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders have sold 55,094 shares of company stock worth $6,032,688. Corporate insiders own 0.43% of the company’s stock.

About Veralto

Veralto Corporation is a global provider of water quality and product quality solutions. Its businesses develop technologies and services that help customers monitor and treat water, as well as ensure the quality, safety and consistency of products and packaging.

Veralto operates through two segments: Water Quality and Product Quality & Innovation. Its offerings include water analysis, treatment and monitoring systems, and technologies for product coding and marking, packaging design, color management and print production.