3,651 Shares in Veralto Co. (NYSE:VLTO) Acquired by Mufg Securities Americas Inc.

Mufg Securities Americas Inc. bought a new position in shares of Veralto Co. (NYSE:VLTO - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 3,651 shares of the company's stock, valued at approximately $372,000.

Several other hedge funds have also added to or reduced their stakes in VLTO. Barclays PLC boosted its position in Veralto by 43.8% during the 3rd quarter. Barclays PLC now owns 729,081 shares of the company's stock worth $81,556,000 after buying an additional 222,076 shares during the period. JPMorgan Chase & Co. lifted its position in shares of Veralto by 14.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 2,448,648 shares of the company's stock worth $273,906,000 after purchasing an additional 314,412 shares during the period. Assenagon Asset Management S.A. lifted its position in shares of Veralto by 15.5% in the 4th quarter. Assenagon Asset Management S.A. now owns 14,115 shares of the company's stock worth $1,438,000 after purchasing an additional 1,889 shares during the period. Park Avenue Securities LLC lifted its position in shares of Veralto by 18.4% in the 4th quarter. Park Avenue Securities LLC now owns 17,228 shares of the company's stock worth $1,755,000 after purchasing an additional 2,676 shares during the period. Finally, Thurston Springer Miller Herd & Titak Inc. lifted its position in shares of Veralto by 57.7% in the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 2,962 shares of the company's stock worth $302,000 after purchasing an additional 1,084 shares during the period. 91.28% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Veralto

In other news, SVP Lesley Beneteau sold 458 shares of the company's stock in a transaction on Thursday, May 15th. The shares were sold at an average price of $100.84, for a total value of $46,184.72. Following the completion of the sale, the senior vice president now owns 13,571 shares in the company, valued at $1,368,499.64. This represents a 3.26% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Jennifer Honeycutt sold 10,414 shares of the company's stock in a transaction on Tuesday, February 25th. The stock was sold at an average price of $100.35, for a total transaction of $1,045,044.90. Following the completion of the sale, the chief executive officer now owns 104,496 shares of the company's stock, valued at approximately $10,486,173.60. The trade was a 9.06% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 67,073 shares of company stock worth $6,442,018. 0.36% of the stock is owned by corporate insiders.

Veralto Stock Up 0.7%

Veralto stock opened at $101.67 on Friday. The company has a quick ratio of 1.69, a current ratio of 1.92 and a debt-to-equity ratio of 1.27. Veralto Co. has a 12-month low of $83.87 and a 12-month high of $115.00. The firm's fifty day moving average is $94.40 and its 200 day moving average is $99.69. The company has a market capitalization of $25.20 billion, a PE ratio of 30.44, a PEG ratio of 4.24 and a beta of 0.99.

Veralto (NYSE:VLTO - Get Free Report) last announced its quarterly earnings results on Tuesday, April 29th. The company reported $0.95 EPS for the quarter, beating analysts' consensus estimates of $0.87 by $0.08. The business had revenue of $1.33 billion during the quarter, compared to analyst estimates of $1.28 billion. Veralto had a net margin of 16.04% and a return on equity of 49.29%. Veralto's quarterly revenue was up 6.9% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.84 EPS. As a group, sell-side analysts predict that Veralto Co. will post 3.66 EPS for the current fiscal year.

Veralto Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 31st. Shareholders of record on Monday, June 30th will be paid a dividend of $0.11 per share. The ex-dividend date is Monday, June 30th. This represents a $0.44 dividend on an annualized basis and a yield of 0.43%. Veralto's dividend payout ratio (DPR) is presently 12.57%.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on VLTO shares. Royal Bank of Canada boosted their price target on shares of Veralto from $103.00 to $104.00 and gave the stock a "sector perform" rating in a research report on Thursday, May 1st. Robert W. Baird boosted their price target on shares of Veralto from $105.00 to $106.00 and gave the stock a "neutral" rating in a research report on Thursday, May 1st. Citigroup dropped their price target on shares of Veralto from $116.00 to $100.00 and set a "neutral" rating on the stock in a research report on Monday, April 14th. Stifel Nicolaus boosted their price target on shares of Veralto from $102.00 to $104.00 and gave the stock a "buy" rating in a research report on Thursday, May 1st. Finally, Northcoast Research started coverage on shares of Veralto in a research report on Tuesday, May 6th. They issued a "buy" rating and a $110.00 price target on the stock. Six equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. Based on data from MarketBeat.com, Veralto has a consensus rating of "Hold" and an average price target of $110.09.

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.

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