Bokf Na Decreases Holdings in Veralto Co. (NYSE:VLTO)

Bokf Na cut its holdings in shares of Veralto Co. (NYSE:VLTO) by 9.8% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 23,678 shares of the company’s stock after selling 2,576 shares during the quarter. Bokf Na’s holdings in Veralto were worth $2,073,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in VLTO. First Command Advisory Services Inc. purchased a new stake in Veralto in the 4th quarter worth about $25,000. Blue Trust Inc. bought a new position in Veralto in the 4th quarter worth about $26,000. Delta Asset Management LLC TN boosted its stake in Veralto by 216.0% in the 4th quarter. Delta Asset Management LLC TN now owns 316 shares of the company’s stock worth $26,000 after purchasing an additional 216 shares during the period. Dougherty Wealth Advisers LLC bought a new stake in shares of Veralto during the 4th quarter valued at about $27,000. Finally, Livforsakringsbolaget Skandia Omsesidigt bought a new stake in shares of Veralto during the 4th quarter valued at about $27,000. 91.28% of the stock is owned by hedge funds and other institutional investors.

Veralto Trading Up 5.3 %

Veralto stock traded up $5.26 during trading hours on Friday, reaching $104.87. The company had a trading volume of 3,164,725 shares, compared to its average volume of 1,589,276. The company has a debt-to-equity ratio of 1.76, a current ratio of 1.83 and a quick ratio of 1.56. The company has a 50-day moving average price of $98.99 and a 200 day moving average price of $91.09. The firm has a market cap of $25.89 billion and a price-to-earnings ratio of 28.81. Veralto Co. has a 12-month low of $65.51 and a 12-month high of $107.86.

Veralto (NYSE:VLTO) last announced its quarterly earnings results on Thursday, July 25th. The company reported $0.85 EPS for the quarter, topping analysts’ consensus estimates of $0.81 by $0.04. The business had revenue of $1.29 billion for the quarter, compared to analysts’ expectations of $1.28 billion. Veralto had a return on equity of 62.93% and a net margin of 15.60%. The business’s quarterly revenue was up 2.8% on a year-over-year basis. During the same period in the previous year, the firm earned $0.80 EPS. Equities analysts forecast that Veralto Co. will post 3.43 earnings per share for the current year.

Veralto Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 31st. Stockholders of record on Friday, June 28th will be paid a dividend of $0.09 per share. The ex-dividend date of this dividend is Friday, June 28th. This represents a $0.36 annualized dividend and a dividend yield of 0.34%. Veralto’s dividend payout ratio (DPR) is presently 9.89%.

Insider Activity at Veralto

In related news, SVP Mattias Bystrom sold 302 shares of Veralto stock in a transaction that occurred on Thursday, May 23rd. The stock was sold at an average price of $100.38, for a total transaction of $30,314.76. Following the sale, the senior vice president now directly owns 34,045 shares in the company, valued at $3,417,437.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 0.31% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

VLTO has been the subject of a number of research analyst reports. BMO Capital Markets lifted their price target on Veralto from $97.00 to $101.00 and gave the company an “outperform” rating in a research report on Thursday, April 25th. Royal Bank of Canada reiterated a “sector perform” rating and set a $101.00 price target on shares of Veralto in a research report on Friday, June 14th. Robert W. Baird lifted their price target on Veralto from $90.00 to $98.00 and gave the company a “neutral” rating in a research report on Thursday, April 25th. Citigroup lifted their price target on Veralto from $89.00 to $94.00 and gave the company a “neutral” rating in a research report on Monday, April 8th. Finally, Stifel Nicolaus lifted their price target on Veralto from $100.00 to $110.00 and gave the company a “buy” rating in a research report on Thursday, July 18th. Six research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $97.08.

About Veralto

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.