Veralto Corporation $VLTO Shares Bought by Vise Technologies Inc.

Vise Technologies Inc. lifted its holdings in Veralto Corporation (NYSE:VLTO – Free Report) by 79.4% in the 3rd quarter, Holdings Channel.com reports. The fund owned 10,736 shares of the company’s stock after buying an additional 4,753 shares during the quarter. Vise Technologies Inc.’s holdings in Veralto were worth $1,013,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in the business. First Trust Advisors LP lifted its holdings 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 valued at $543,817,000 after acquiring an additional 1,472,304 shares in the last quarter. Amundi boosted its position in Veralto by 16.3% during the 1st 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 period. Bank of New York Mellon Corp purchased a new stake in Veralto during the 2nd quarter worth $235,200,000. Janus Henderson Group PLC increased 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 purchasing an additional 69,578 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its holdings in Veralto by 16.4% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,788,026 shares of the company’s stock valued at $158,063,000 after purchasing an additional 252,267 shares in the last quarter. Hedge funds and other institutional investors own 91.28% of the company’s stock.

Veralto Trading Down 0.0%

NYSE VLTO opened at $117.06 on Monday. The stock has a market cap of $28.46 billion, a P/E ratio of 28.97, a PEG ratio of 3.25 and a beta of 0.51. The company’s fifty day simple moving average is $100.00 and its 200-day simple moving average is $93.49. The company has a current ratio of 2.03, a quick ratio of 1.82 and a debt-to-equity ratio of 0.83. Veralto Corporation has a 52 week low of $80.03 and a 52 week high of $119.03.

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

Veralto Announces Dividend

The firm also recently declared 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 of this dividend 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 is currently 12.87%.

Analyst Upgrades and Downgrades

Several research analysts have commented on VLTO shares. BNP Paribas Exane reissued an “outperform” rating and issued a $120.00 price objective (up from $115.00) on shares of Veralto in a research report on Thursday, July 30th. Weiss Ratings raised Veralto from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, October 19th. 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. Wolfe Research began coverage on Veralto in a research note on Tuesday, September 15th. They issued an “outperform” rating and a $125.00 target price for the company. Finally, Royal Bank Of Canada raised their target price on Veralto from $109.00 to $121.00 and gave the company a “sector perform” rating in a report on Monday, November 2nd. Seven investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $120.70.

Get Our Latest Stock Report on VLTO

Insiders Place Their Bets

In other Veralto news, CEO Jennifer Honeycutt sold 7,098 shares of Veralto stock in a transaction that occurred on Friday, October 23rd. The stock was sold at an average price of $105.00, for a total transaction of $745,290.00. Following the sale, the chief executive officer directly owned 120,060 shares in the company, valued at $12,606,300. The trade was a 5.58% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Mattias Byström sold 9,069 shares of Veralto stock in a transaction that occurred on Tuesday, November 3rd. The stock was sold at an average price of $116.30, for a total value of $1,054,724.70. Following the sale, the senior vice president owned 35,536 shares in the company, valued at $4,132,836.80. This represents a 20.33% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 55,094 shares of company stock worth $6,032,688 in the last quarter. Company insiders own 0.43% of the company’s stock.

About Veralto

(Free Report)

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.

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Institutional Ownership by Quarter for Veralto (NYSE:VLTO)

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