Veralto Corporation $VLTO Shares Sold by Walter Public Investments Inc.

Walter Public Investments Inc. decreased its position in Veralto Corporation (NYSE:VLTO) by 95.3% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,800 shares of the company’s stock after selling 57,025 shares during the period. Walter Public Investments Inc.’s holdings in Veralto were worth $264,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the company. First Trust Advisors LP raised its holdings in Veralto by 31.5% during the 1st quarter. First Trust Advisors LP now owns 6,150,388 shares of the company’s stock worth $543,817,000 after purchasing an additional 1,472,304 shares during the last quarter. Amundi lifted its position in Veralto by 16.3% during the 1st quarter. Amundi now owns 3,797,526 shares of the company’s stock valued at $335,785,000 after purchasing an additional 531,478 shares during the period. Pictet Asset Management Holding SA boosted its stake in shares of Veralto by 8.4% in the 3rd quarter. Pictet Asset Management Holding SA now owns 3,285,938 shares of the company’s stock valued at $309,946,000 after purchasing an additional 255,749 shares during the last quarter. Bank of New York Mellon Corp bought a new position in shares of Veralto in the 2nd quarter valued at about $235,200,000. Finally, Janus Henderson Group PLC boosted its stake in shares of Veralto by 3.4% in the 1st quarter. Janus Henderson Group PLC now owns 2,095,393 shares of the company’s stock valued at $185,266,000 after purchasing an additional 69,578 shares during the last quarter. Institutional investors own 91.28% of the company’s stock.

Veralto Trading Up 0.5%

NYSE VLTO opened at $118.79 on Thursday. Veralto Corporation has a 12 month low of $80.03 and a 12 month high of $119.03. The stock has a 50-day simple moving average of $101.22 and a 200 day simple moving average of $93.74. The company has a current ratio of 2.03, a quick ratio of 1.82 and a debt-to-equity ratio of 0.83. The company has a market capitalization of $28.88 billion, a PE ratio of 29.40, a P/E/G ratio of 3.28 and a beta of 0.51.

Veralto (NYSE:VLTO) last issued its earnings results on Thursday, October 29th. The company reported $1.18 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.09 by $0.09. The firm had revenue of $1.51 billion for the quarter, compared to analysts’ expectations of $1.50 billion. Veralto had a return on equity of 35.08% and a net margin of 17.27%. The company’s revenue was up 7.5% compared to the same quarter last year. During the same quarter last year, the business earned $0.99 earnings per share. Research analysts forecast that Veralto Corporation will post 4.51 EPS for the current year.

Veralto Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, October 30th. Investors of record on Wednesday, September 30th were given a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date was Wednesday, September 30th. Veralto’s dividend payout ratio (DPR) is currently 12.87%.

Wall Street Analyst Weigh In

VLTO has been the subject of several analyst reports. UBS Group lifted their price target on shares of Veralto from $104.00 to $106.00 and gave the stock a “neutral” rating in a research report on Monday, October 5th. Royal Bank Of Canada increased their price objective on shares of Veralto from $109.00 to $121.00 and gave the company a “sector perform” rating in a report on Monday, November 2nd. Jefferies Financial Group reaffirmed a “buy” rating and issued a $135.00 price objective on shares of Veralto in a research note on Friday, October 30th. Robert W. Baird set a $111.00 price objective on shares of Veralto in a research note on Thursday, July 30th. Finally, BNP Paribas Exane reaffirmed an “outperform” rating and set a $120.00 target price (up from $115.00) on shares of Veralto in a report on Thursday, July 30th. Seven equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $120.70.

Insider Activity

In related news, SVP Surekha Trivedi sold 36,427 shares of the business’s stock in a transaction that occurred on Friday, October 30th. The shares were sold at an average price of $108.89, for a total transaction of $3,966,536.03. Following the completion of the transaction, the senior vice president owned 8,565 shares in the company, valued at approximately $932,642.85. The trade was a 80.96% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Jennifer Honeycutt sold 7,098 shares of the business’s stock in a transaction that occurred on Friday, October 23rd. The shares were sold at an average price of $105.00, for a total transaction of $745,290.00. Following the transaction, the chief executive officer owned 120,060 shares of the company’s stock, valued at approximately $12,606,300. This represents a 5.58% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders have sold 55,094 shares of company stock valued at $6,032,688. Insiders own 0.43% of the company’s stock.

Veralto Profile

Veralto Corporation is a global provider of water quality and product quality solutions. Its businesses develop technologies and services that help customers monitor and treat water, as well as ensure the quality, safety and consistency of products and packaging. Veralto operates through two segments: Water Quality and Product Quality & Innovation. Its offerings include water analysis, treatment and monitoring systems, and technologies for product coding and marking, packaging design, color management and print production.