Hall Laurie J Trustee Purchases 1,738 Shares of Veralto Co. (NYSE:VLTO)

Hall Laurie J Trustee lifted its holdings in Veralto Co. (NYSE:VLTO) by 10.1% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 18,949 shares of the company’s stock after acquiring an additional 1,738 shares during the period. Hall Laurie J Trustee’s holdings in Veralto were worth $1,931,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Oppenheimer Asset Management Inc. lifted its stake in Veralto by 46.1% in the second quarter. Oppenheimer Asset Management Inc. now owns 3,591 shares of the company’s stock valued at $343,000 after buying an additional 1,133 shares during the period. Dimensional Fund Advisors LP lifted its position in shares of Veralto by 3.6% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,020,225 shares of the company’s stock valued at $97,414,000 after acquiring an additional 35,345 shares during the period. Mercer Global Advisors Inc. ADV boosted its stake in Veralto by 4.5% during the second quarter. Mercer Global Advisors Inc. ADV now owns 9,014 shares of the company’s stock worth $893,000 after acquiring an additional 387 shares in the last quarter. Meiji Yasuda Asset Management Co Ltd. grew its holdings in Veralto by 15.0% in the second quarter. Meiji Yasuda Asset Management Co Ltd. now owns 3,802 shares of the company’s stock worth $363,000 after purchasing an additional 496 shares during the period. Finally, Amalgamated Bank increased its stake in Veralto by 4.7% in the second quarter. Amalgamated Bank now owns 47,528 shares of the company’s stock valued at $4,537,000 after purchasing an additional 2,151 shares in the last quarter. 91.28% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms have recently issued reports on VLTO. Citigroup cut their price objective on shares of Veralto from $118.00 to $116.00 and set a “neutral” rating on the stock in a research report on Monday, January 13th. Stifel Nicolaus reduced their price objective on Veralto from $119.00 to $117.00 and set a “buy” rating for the company in a research note on Wednesday, December 11th. Jefferies Financial Group started coverage on Veralto in a research report on Thursday, December 12th. They set a “buy” rating and a $125.00 target price on the stock. Royal Bank of Canada lifted their price target on shares of Veralto from $108.00 to $111.00 and gave the company a “sector perform” rating in a research report on Friday, October 25th. Finally, BMO Capital Markets upped their price objective on shares of Veralto from $117.00 to $119.00 and gave the stock an “outperform” rating in a report on Monday, September 30th. Six equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, Veralto presently has an average rating of “Hold” and a consensus target price of $113.27.

Veralto Stock Down 1.0 %

Veralto stock opened at $102.98 on Monday. Veralto Co. has a fifty-two week low of $75.03 and a fifty-two week high of $115.00. The company has a debt-to-equity ratio of 1.35, a quick ratio of 1.87 and a current ratio of 2.13. The firm’s 50-day simple moving average is $104.07 and its 200 day simple moving average is $105.91. The stock has a market cap of $25.47 billion, a PE ratio of 31.78, a price-to-earnings-growth ratio of 3.88 and a beta of 1.06.

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

Veralto Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Tuesday, December 31st will be paid a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a dividend yield of 0.43%. This is a boost from Veralto’s previous quarterly dividend of $0.09. The ex-dividend date is Tuesday, December 31st. Veralto’s payout ratio is presently 13.58%.

Insider Activity at Veralto

In related news, SVP Surekha Trivedi sold 752 shares of Veralto stock in a transaction that occurred on Friday, November 1st. The shares were sold at an average price of $102.91, for a total value of $77,388.32. Following the sale, the senior vice president now owns 10,413 shares of the company’s stock, valued at approximately $1,071,601.83. The trade was a 6.74 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.31% of the stock is owned by company insiders.

Veralto 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.