Veralto Corporation (NYSE:VLTO) Shares Acquired by Forsta AP Fonden

Forsta AP Fonden increased its holdings in Veralto Corporation (NYSE:VLTO) by 11.9% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 61,008 shares of the company’s stock after acquiring an additional 6,500 shares during the quarter. Forsta AP Fonden’s holdings in Veralto were worth $5,945,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently bought and sold shares of VLTO. Bernard Wealth Management Corp. acquired a new stake in Veralto during the fourth quarter valued at approximately $30,000. Opal Wealth Advisors LLC bought a new position in shares of Veralto during the first quarter valued at approximately $45,000. Grove Bank & Trust grew its holdings in shares of Veralto by 198.2% during the first quarter. Grove Bank & Trust now owns 510 shares of the company’s stock valued at $50,000 after purchasing an additional 339 shares during the last quarter. Global Financial Private Client LLC grew its holdings in shares of Veralto by 95.1% during the first quarter. Global Financial Private Client LLC now owns 593 shares of the company’s stock valued at $58,000 after purchasing an additional 289 shares during the last quarter. Finally, Putney Financial Group LLC bought a new position in shares of Veralto during the fourth quarter valued at approximately $60,000. Institutional investors and hedge funds own 91.28% of the company’s stock.

Veralto Stock Performance

Shares of NYSE VLTO opened at $107.73 on Monday. The stock has a fifty day moving average price of $101.78 and a two-hundred day moving average price of $98.69. The company has a debt-to-equity ratio of 1.00, a quick ratio of 2.06 and a current ratio of 2.32. The firm has a market cap of $26.73 billion, a P/E ratio of 30.09, a PEG ratio of 3.55 and a beta of 0.91. Veralto Corporation has a 1 year low of $83.86 and a 1 year high of $115.00.

Veralto (NYSE:VLTO) last issued its quarterly earnings results on Monday, July 28th. The company reported $0.93 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.89 by $0.04. Veralto had a return on equity of 41.45% and a net margin of 16.65%. The firm had revenue of $1.37 billion during the quarter, compared to analyst estimates of $1.34 billion. During the same period last year, the company posted $0.85 EPS. The firm’s quarterly revenue was up 6.4% on a year-over-year basis. Research analysts forecast that Veralto Corporation will post 3.66 EPS for the current fiscal year.

Veralto Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, July 31st. Stockholders of record on Monday, June 30th were issued a $0.11 dividend. The ex-dividend date was Monday, June 30th. This represents a $0.44 dividend on an annualized basis and a dividend yield of 0.4%. Veralto’s dividend payout ratio is presently 12.29%.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the company. Royal Bank Of Canada upped their target price on Veralto from $104.00 to $108.00 and gave the company a “sector perform” rating in a report on Wednesday, July 30th. Stifel Nicolaus set a $120.00 target price on Veralto and gave the company a “buy” rating in a report on Wednesday, July 30th. Robert W. Baird upped their target price on Veralto from $106.00 to $112.00 and gave the company a “neutral” rating in a report on Wednesday, July 30th. Northcoast Research began coverage on Veralto in a research report on Tuesday, May 6th. They issued a “buy” rating and a $110.00 target price on the stock. Finally, Citigroup lowered their target price on Veralto from $116.00 to $100.00 and set a “neutral” rating on the stock in a research report on Monday, April 14th. Four investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $114.00.

Insiders Place Their Bets

In related news, SVP Lesley Beneteau sold 458 shares of the stock in a transaction on Thursday, May 15th. The stock was sold at an average price of $100.84, for a total transaction of $46,184.72. Following the completion of the sale, the senior vice president directly owned 13,571 shares in the company, valued at approximately $1,368,499.64. This trade represents a 3.26% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Surekha Trivedi sold 848 shares of the stock in a transaction on Monday, June 2nd. The stock was sold at an average price of $100.55, for a total transaction of $85,266.40. Following the transaction, the senior vice president directly owned 8,433 shares in the company, valued at $847,938.15. The trade was a 9.14% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.36% of the stock is owned by corporate 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.