Machina Capital S.A.S. Acquires 8,832 Shares of Veralto Corporation $VLTO

Machina Capital S.A.S. grew its holdings in Veralto Corporation (NYSE:VLTO) by 109.9% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 16,869 shares of the company’s stock after purchasing an additional 8,832 shares during the period. Machina Capital S.A.S.’s holdings in Veralto were worth $1,591,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in VLTO. Highland Investment Advisors LLC bought a new position in shares of Veralto in the second quarter worth about $32,000. Provenance Wealth Advisors LLC lifted its holdings in Veralto by 997.4% during the 3rd quarter. Provenance Wealth Advisors LLC now owns 428 shares of the company’s stock valued at $40,000 after buying an additional 389 shares in the last quarter. Putney Financial Group LLC bought a new stake in Veralto during the 3rd quarter valued at about $42,000. Latitude Advisors LLC purchased a new stake in Veralto in the 3rd quarter valued at about $47,000. Finally, North Star Investment Management Corp. boosted its position in Veralto by 540.5% in the 3rd quarter. North Star Investment Management Corp. now owns 711 shares of the company’s stock valued at $67,000 after buying an additional 600 shares during the period. 91.28% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on VLTO. UBS Group upped their target price on shares of Veralto from $104.00 to $106.00 and gave the stock a “neutral” rating in a research note on Monday, October 5th. Stifel Nicolaus raised their price objective on Veralto from $113.00 to $132.00 and gave the stock a “buy” rating in a report on Monday, November 2nd. Royal Bank Of Canada increased their price target on Veralto from $109.00 to $121.00 and gave the stock a “sector perform” rating in a research report on Monday, November 2nd. Citigroup lifted their price objective on Veralto from $107.00 to $120.00 and gave the company a “neutral” rating in a report on Monday, November 2nd. Finally, Jefferies Financial Group reaffirmed a “buy” rating and issued a $135.00 price objective on shares of Veralto in a research note on Friday, October 30th. Seven equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $120.70.

Insider Buying and Selling at Veralto

In other news, SVP Melissa Kapity sold 5,146 shares of the business’s stock in a transaction on Tuesday, November 10th. The shares were sold at an average price of $118.06, for a total transaction of $607,536.76. Following the sale, the senior vice president directly owned 14,715 shares of the company’s stock, valued at $1,737,252.90. The trade was a 25.91% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Jennifer Honeycutt sold 7,098 shares of the firm’s stock in a transaction on Friday, October 23rd. The stock was sold at an average price of $105.00, for a total value of $745,290.00. Following the completion of the transaction, the chief executive officer owned 120,060 shares of the company’s stock, valued at $12,606,300. This trade represents a 5.58% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders sold 60,240 shares of company stock valued at $6,640,225. Company insiders own 0.43% of the company’s stock.

Veralto Price Performance

Shares of NYSE VLTO opened at $117.44 on Friday. Veralto Corporation has a fifty-two week low of $80.03 and a fifty-two week high of $119.70. The company has a market cap of $28.55 billion, a PE ratio of 29.07, a P/E/G ratio of 3.29 and a beta of 0.51. The company has a debt-to-equity ratio of 0.83, a quick ratio of 1.82 and a current ratio of 2.03. The business has a 50-day simple moving average of $101.62 and a two-hundred day simple moving average of $93.82.

Veralto (NYSE:VLTO) last posted 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 firm had revenue of $1.51 billion for the quarter, compared to the consensus estimate of $1.50 billion. Veralto had a net margin of 17.27% and a return on equity of 35.08%. The company’s revenue for the quarter was up 7.5% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.99 earnings per share. As a group, equities analysts expect that Veralto Corporation will post 4.51 EPS for the current fiscal year.

Veralto Dividend Announcement

The business 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. The ex-dividend date of this dividend was Wednesday, September 30th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 0.4%. Veralto’s dividend payout ratio (DPR) is currently 12.87%.

Veralto Profile

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.