4,753 Veralto Corporation $VLTO Shares Acquired by Vise Technologies Inc.

Vise Technologies Inc. lifted its position in shares of Veralto Corporation (NYSE:VLTO) by 79.4% during the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 10,736 shares of the company’s stock after buying an additional 4,753 shares during the period. Vise Technologies Inc.’s holdings in Veralto were worth $1,013,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of VLTO. Bank of New York Mellon Corp acquired a new position in Veralto in the 2nd quarter valued at $235,200,000. First Trust Advisors LP lifted its stake in shares of Veralto by 31.5% during the 1st quarter. First Trust Advisors LP now owns 6,150,388 shares of the company’s stock worth $543,817,000 after purchasing an additional 1,472,304 shares during the period. Amundi boosted its holdings in shares of Veralto by 16.3% during the first quarter. Amundi now owns 3,797,526 shares of the company’s stock worth $335,785,000 after purchasing an additional 531,478 shares during the last quarter. Diamond Hill Capital Management LLC Investment Advisor acquired a new stake in shares of Veralto during the second quarter worth $35,594,000. Finally, SEB Asset Management AB purchased a new stake in shares of Veralto in the first quarter valued at $30,562,000. Institutional investors and hedge funds own 91.28% of the company’s stock.

Veralto Stock Performance

NYSE:VLTO opened at $117.06 on Monday. The company has a market cap of $28.46 billion, a P/E ratio of 28.97, a P/E/G ratio of 3.25 and a beta of 0.51. The firm’s 50 day moving average is $100.00 and its two-hundred day moving average is $93.49. Veralto Corporation has a fifty-two week low of $80.03 and a fifty-two week high of $119.03. The company has a quick ratio of 1.82, a current ratio of 2.03 and a debt-to-equity ratio of 0.83.

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

Veralto Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, October 30th. Investors of record on Wednesday, September 30th were issued a $0.13 dividend. The ex-dividend date was Wednesday, September 30th. This represents a $0.52 dividend on an annualized basis and a yield of 0.4%. Veralto’s dividend payout ratio (DPR) is presently 12.87%.

Insider Transactions at Veralto

In other Veralto news, SVP Surekha Trivedi sold 36,427 shares of the business’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 completion of the sale, the senior vice president owned 8,565 shares of the company’s stock, valued at approximately $932,642.85. The trade was a 80.96% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Bernard M. Skeete sold 1,514 shares of the business’s stock in a transaction dated Monday, November 2nd. The shares were sold at an average price of $112.58, for a total value of $170,446.12. Following the sale, 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 disclosure for this sale is available in the SEC filing. Insiders have sold a total of 55,094 shares of company stock worth $6,032,688 over the last ninety days. 0.43% of the stock is owned by insiders.

Analyst Ratings Changes

Several equities analysts recently commented on the company. Jefferies Financial Group reiterated a “buy” rating and issued a $135.00 target price on shares of Veralto in a research note on Friday, October 30th. UBS Group increased their target price on Veralto from $104.00 to $106.00 and gave the stock a “neutral” rating in a research report on Monday, October 5th. Stifel Nicolaus raised their price target on Veralto from $113.00 to $132.00 and gave the stock a “buy” rating in a research note on Monday, November 2nd. Royal Bank Of Canada lifted their price target on Veralto from $109.00 to $121.00 and gave the company a “sector perform” rating in a report on Monday, November 2nd. Finally, Wolfe Research started coverage on shares of Veralto in a research note on Tuesday, September 15th. They set an “outperform” rating and a $125.00 price objective for the company. Seven equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $120.70.

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.