Boston Trust Walden Corp Sells 2,206 Shares of Veralto Co. (NYSE:VLTO)

Boston Trust Walden Corp trimmed its holdings in Veralto Co. (NYSE:VLTO) by 9.0% in the third quarter, according to the company in its most recent filing with the SEC. The fund owned 22,380 shares of the company’s stock after selling 2,206 shares during the quarter. Boston Trust Walden Corp’s holdings in Veralto were worth $2,503,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in VLTO. Brookstone Capital Management lifted its holdings in shares of Veralto by 36.4% in the 1st quarter. Brookstone Capital Management now owns 3,559 shares of the company’s stock worth $316,000 after acquiring an additional 949 shares during the last quarter. Allspring Global Investments Holdings LLC raised its holdings in Veralto by 31.1% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 16,092 shares of the company’s stock valued at $1,427,000 after buying an additional 3,820 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. raised its holdings in Veralto by 5.9% during the 1st quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 608,241 shares of the company’s stock valued at $53,927,000 after buying an additional 34,097 shares during the last quarter. Azzad Asset Management Inc. ADV raised its holdings in Veralto by 26.8% during the 1st quarter. Azzad Asset Management Inc. ADV now owns 13,776 shares of the company’s stock valued at $1,221,000 after buying an additional 2,912 shares during the last quarter. Finally, First Trust Direct Indexing L.P. raised its holdings in Veralto by 15.7% during the 1st quarter. First Trust Direct Indexing L.P. now owns 3,045 shares of the company’s stock valued at $270,000 after buying an additional 414 shares during the last quarter. 91.28% of the stock is currently owned by institutional investors.

Veralto Stock Down 1.6 %

NYSE:VLTO opened at $104.05 on Monday. The firm’s 50-day moving average price is $110.75 and its 200-day moving average price is $102.83. The company has a market capitalization of $25.73 billion and a PE ratio of 32.11. 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 Co. has a 1-year low of $65.51 and a 1-year high of $115.00.

Veralto (NYSE:VLTO) last released its earnings results on Wednesday, October 23rd. The company reported $0.89 earnings per share for the quarter, topping analysts’ consensus estimates of $0.85 by $0.04. The firm had revenue of $1.31 billion for the quarter, compared to the consensus estimate of $1.30 billion. Veralto had a net margin of 15.69% and a return on equity of 52.85%. The company’s revenue was up 4.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.75 EPS. On average, equities analysts predict that Veralto Co. will post 3.47 EPS for the current fiscal year.

Veralto Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 31st. Stockholders of record on Friday, September 27th will be given a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a dividend yield of 0.35%. The ex-dividend date of this dividend is Friday, September 27th. Veralto’s dividend payout ratio is presently 11.11%.

Analyst Ratings Changes

A number of equities research analysts recently commented on the stock. Robert W. Baird upped their price target on shares of Veralto from $98.00 to $112.00 and gave the company a “neutral” rating in a report on Monday, July 29th. Deutsche Bank Aktiengesellschaft upped their price target on shares of Veralto from $100.00 to $109.00 and gave the company a “hold” rating in a report on Monday, July 29th. The Goldman Sachs Group upped their price target on shares of Veralto from $104.00 to $116.00 and gave the company a “buy” rating in a report on Monday, July 29th. UBS Group initiated coverage on shares of Veralto in a report on Tuesday, August 13th. They issued a “neutral” rating and a $118.00 price objective for the company. 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. Seven research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $108.27.

Insider Activity at Veralto

In related news, SVP Surekha Trivedi sold 753 shares of the stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of $106.72, for a total transaction of $80,360.16. Following the sale, the senior vice president now directly owns 12,671 shares of the company’s stock, valued at approximately $1,352,249.12. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In related news, CEO Jennifer Honeycutt sold 13,190 shares of the stock in a transaction dated Monday, September 30th. The shares were sold at an average price of $110.15, for a total transaction of $1,452,878.50. Following the sale, the chief executive officer now directly owns 138,546 shares of the company’s stock, valued at approximately $15,260,841.90. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, SVP Surekha Trivedi sold 753 shares of the firm’s stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of $106.72, for a total transaction of $80,360.16. Following the sale, the senior vice president now directly owns 12,671 shares in the company, valued at approximately $1,352,249.12. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 36,039 shares of company stock valued at $3,992,665. 0.31% of the stock is owned by insiders.

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.