Virtu Financial LLC Purchases 11,886 Shares of Veralto Co. (NYSE:VLTO)

Virtu Financial LLC increased its position in shares of Veralto Co. (NYSE:VLTO) by 301.9% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 15,823 shares of the company’s stock after acquiring an additional 11,886 shares during the period. Virtu Financial LLC’s holdings in Veralto were worth $1,770,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of VLTO. Ashton Thomas Securities LLC bought a new stake in Veralto during the third quarter valued at $25,000. Goodman Advisory Group LLC purchased a new position in shares of Veralto during the second quarter worth about $26,000. Fairscale Capital LLC bought a new position in shares of Veralto in the second quarter worth approximately $30,000. Raleigh Capital Management Inc. raised its stake in Veralto by 692.3% in the third quarter. Raleigh Capital Management Inc. now owns 309 shares of the company’s stock valued at $35,000 after purchasing an additional 270 shares in the last quarter. Finally, Hazlett Burt & Watson Inc. raised its position in shares of Veralto by 11,100.0% during the 2nd quarter. Hazlett Burt & Watson Inc. now owns 336 shares of the company’s stock valued at $32,000 after buying an additional 333 shares in the last quarter. 91.28% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Veralto

In related news, CEO Jennifer Honeycutt sold 13,190 shares of the company’s stock in a transaction that occurred on Monday, September 30th. The stock was sold at an average price of $110.15, for a total value of $1,452,878.50. Following the sale, the chief executive officer now owns 138,546 shares in the company, valued at $15,260,841.90. This represents a 8.69 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, SVP Surekha Trivedi sold 752 shares of the business’s stock in a transaction on Friday, November 1st. The stock was sold at an average price of $102.91, for a total value of $77,388.32. Following the completion of the sale, the senior vice president now directly owns 10,413 shares in the company, valued at $1,071,601.83. This trade represents a 6.74 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 14,695 shares of company stock valued at $1,615,017. 0.31% of the stock is currently owned by corporate insiders.

Veralto Trading Up 0.4 %

VLTO opened at $105.81 on Friday. The firm has a market capitalization of $26.17 billion, a price-to-earnings ratio of 32.66, a PEG ratio of 4.35 and a beta of 0.91. Veralto Co. has a one year low of $73.91 and a one year high of $115.00. The business has a 50 day simple moving average of $107.29 and a two-hundred day simple moving average of $105.24. The company has a debt-to-equity ratio of 1.35, a current ratio of 2.13 and a quick ratio of 1.87.

Veralto (NYSE:VLTO) last announced its earnings results on Wednesday, October 23rd. The company reported $0.89 EPS for the quarter, beating analysts’ consensus estimates of $0.85 by $0.04. The company had revenue of $1.31 billion during the quarter, compared to the consensus estimate of $1.30 billion. Veralto had a return on equity of 52.85% and a net margin of 15.69%. The firm’s revenue for the quarter was up 4.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.75 earnings per share. Analysts predict that Veralto Co. will post 3.48 EPS for the current year.

Veralto Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 31st. Shareholders of record on Friday, September 27th were issued a $0.09 dividend. The ex-dividend date of this dividend was Friday, September 27th. This represents a $0.36 annualized dividend and a yield of 0.34%. Veralto’s dividend payout ratio (DPR) is presently 11.11%.

Analysts Set New Price Targets

VLTO has been the topic of a number of research reports. Stifel Nicolaus lowered their price target on Veralto from $119.00 to $117.00 and set a “buy” rating on the stock in a research report on Wednesday. Jefferies Financial Group initiated coverage on shares of Veralto in a research note on Thursday. They set a “buy” rating and a $125.00 price target on the stock. Royal Bank of Canada upped their price objective on shares of Veralto from $108.00 to $111.00 and gave the company a “sector perform” rating in a research note on Friday, October 25th. Finally, BMO Capital Markets lifted their target price on shares of Veralto from $117.00 to $119.00 and gave the stock an “outperform” rating in a research report on Monday, September 30th. Seven equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $109.50.

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.