Ensign Peak Advisors Inc Purchases 1,322 Shares of Veralto Co. (NYSE:VLTO)

Ensign Peak Advisors Inc grew its position in shares of Veralto Co. (NYSE:VLTO) by 0.6% during the 4th quarter, Holdings Channel.com reports. The firm owned 208,363 shares of the company’s stock after acquiring an additional 1,322 shares during the period. Ensign Peak Advisors Inc’s holdings in Veralto were worth $21,222,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Barclays PLC raised its stake in shares of Veralto by 43.8% during the third quarter. Barclays PLC now owns 729,081 shares of the company’s stock worth $81,556,000 after acquiring an additional 222,076 shares in the last quarter. Principal Financial Group Inc. raised its position in Veralto by 207.2% in the 3rd quarter. Principal Financial Group Inc. now owns 1,122,898 shares of the company’s stock worth $125,608,000 after purchasing an additional 757,389 shares during the period. JPMorgan Chase & Co. lifted its stake in Veralto by 14.7% in the third quarter. JPMorgan Chase & Co. now owns 2,448,648 shares of the company’s stock worth $273,906,000 after purchasing an additional 314,412 shares during the last quarter. First Hawaiian Bank boosted its position in Veralto by 49.6% during the fourth quarter. First Hawaiian Bank now owns 3,883 shares of the company’s stock valued at $395,000 after buying an additional 1,287 shares during the period. Finally, Wealth Enhancement Advisory Services LLC grew its stake in shares of Veralto by 0.3% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 70,415 shares of the company’s stock valued at $7,877,000 after buying an additional 218 shares during the last quarter. 91.28% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Veralto

In related news, CEO Jennifer Honeycutt sold 10,414 shares of Veralto stock in a transaction dated Tuesday, February 25th. The shares were sold at an average price of $100.35, for a total transaction of $1,045,044.90. Following the completion of the transaction, the chief executive officer now directly owns 104,496 shares of the company’s stock, valued at $10,486,173.60. This trade represents a 9.06 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, SVP Melissa Aquino sold 31,689 shares of the business’s stock in a transaction dated Thursday, May 1st. The stock was sold at an average price of $93.67, for a total transaction of $2,968,308.63. Following the sale, the senior vice president now directly owns 17,434 shares in the company, valued at $1,633,042.78. The trade was a 64.51 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 64,578 shares of company stock valued at $6,192,048. 0.36% of the stock is currently owned by company insiders.

Veralto Trading Down 0.2 %

NYSE:VLTO opened at $97.07 on Friday. The company has a 50-day moving average price of $94.22 and a 200-day moving average price of $99.78. The stock has a market cap of $24.06 billion, a price-to-earnings ratio of 29.06, a P/E/G ratio of 4.24 and a beta of 0.99. The company has a current ratio of 1.92, a quick ratio of 1.69 and a debt-to-equity ratio of 1.27. Veralto Co. has a 12 month low of $83.87 and a 12 month high of $115.00.

Veralto (NYSE:VLTO) last issued its quarterly earnings data on Tuesday, April 29th. The company reported $0.95 EPS for the quarter, topping the consensus estimate of $0.87 by $0.08. Veralto had a net margin of 16.04% and a return on equity of 49.29%. The business had revenue of $1.33 billion during the quarter, compared to analyst estimates of $1.28 billion. During the same period last year, the business posted $0.84 earnings per share. Veralto’s quarterly revenue was up 6.9% compared to the same quarter last year. Equities analysts predict that Veralto Co. will post 3.66 EPS for the current year.

Veralto Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 30th. Shareholders of record on Monday, March 31st were issued a $0.11 dividend. The ex-dividend date of this dividend was Monday, March 31st. This represents a $0.44 dividend on an annualized basis and a yield of 0.45%. Veralto’s dividend payout ratio (DPR) is 12.57%.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on VLTO shares. Citigroup lowered their target price on Veralto from $116.00 to $100.00 and set a “neutral” rating for the company in a research note on Monday, April 14th. Stifel Nicolaus increased their price objective on Veralto from $102.00 to $104.00 and gave the company a “buy” rating in a research note on Thursday, May 1st. Royal Bank of Canada raised their target price on shares of Veralto from $103.00 to $104.00 and gave the stock a “sector perform” rating in a report on Thursday, May 1st. Northcoast Research began coverage on shares of Veralto in a report on Tuesday, May 6th. They set a “buy” rating and a $110.00 price target for the company. Finally, Robert W. Baird raised their price target on shares of Veralto from $105.00 to $106.00 and gave the stock a “neutral” rating in a report on Thursday, May 1st. Six equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Veralto has an average rating of “Hold” and a consensus target price of $110.09.

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.