951,282 Shares in Veralto Co. (NYSE:VLTO) Purchased by BNP Paribas Financial Markets

BNP Paribas Financial Markets purchased a new stake in shares of Veralto Co. (NYSE:VLTO - Free Report) in the fourth quarter, according to its most recent disclosure with the SEC. The firm purchased 951,282 shares of the company's stock, valued at approximately $96,888,000. BNP Paribas Financial Markets owned approximately 0.38% of Veralto as of its most recent filing with the SEC.

Other hedge funds also recently modified their holdings of the company. Bernard Wealth Management Corp. bought a new position in shares of Veralto during the 4th quarter valued at about $25,000. OFI Invest Asset Management acquired a new stake in Veralto during the fourth quarter valued at approximately $26,000. BankPlus Trust Department bought a new stake in Veralto during the fourth quarter worth approximately $29,000. Albion Financial Group UT grew its position in Veralto by 2,100.0% in the fourth quarter. Albion Financial Group UT now owns 352 shares of the company's stock worth $36,000 after buying an additional 336 shares during the last quarter. Finally, Geneos Wealth Management Inc. bought a new position in shares of Veralto in the fourth quarter valued at $42,000. 91.28% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts have issued reports on the company. Northcoast Research started coverage on Veralto in a report on Tuesday. They set a "buy" rating and a $110.00 price objective on the stock. Stifel Nicolaus boosted their price target on shares of Veralto from $102.00 to $104.00 and gave the company a "buy" rating in a report on Thursday, May 1st. Robert W. Baird raised their price objective on shares of Veralto from $105.00 to $106.00 and gave the stock a "neutral" rating in a research note on Thursday, May 1st. Royal Bank of Canada boosted their target price on shares of Veralto from $103.00 to $104.00 and gave the company a "sector perform" rating in a research note on Thursday, May 1st. Finally, Citigroup reduced their target price on Veralto from $116.00 to $100.00 and set a "neutral" rating for the company in a report on Monday, April 14th. Six analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, Veralto presently has an average rating of "Hold" and a consensus price target of $110.09.

Insider Activity

In related news, SVP Melissa Aquino sold 31,689 shares of the business's stock in a transaction dated Thursday, May 1st. The stock was sold at an average price of $93.67, for a total transaction of $2,968,308.63. Following the completion of the transaction, the senior vice president now owns 17,434 shares of the company's stock, valued at approximately $1,633,042.78. The trade was a 64.51 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Jennifer Honeycutt sold 10,418 shares of the firm's stock in a transaction that occurred on Wednesday, April 30th. The shares were sold at an average price of $95.00, for a total value of $989,710.00. Following the completion of the sale, the chief executive officer now directly owns 106,219 shares in the company, valued at $10,090,805. This trade represents a 8.93 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 64,578 shares of company stock valued at $6,192,048 over the last 90 days. 0.36% of the stock is currently owned by company insiders.

Veralto Stock Down 0.2 %

Shares of Veralto stock traded down $0.21 during midday trading on Friday, reaching $97.07. 1,428,033 shares of the company's stock traded hands, compared to its average volume of 1,485,754. The company has a market cap of $24.06 billion, a price-to-earnings ratio of 29.06, a price-to-earnings-growth ratio of 4.24 and a beta of 0.99. Veralto Co. has a 52 week low of $83.87 and a 52 week high of $115.00. The company's 50 day simple moving average is $94.26 and its 200 day simple moving average is $99.96. The company has a debt-to-equity ratio of 1.27, a quick ratio of 1.69 and a current ratio of 1.92.

Veralto (NYSE:VLTO - Get Free Report) last announced its quarterly earnings results on Tuesday, April 29th. The company reported $0.95 earnings per share for the quarter, topping analysts' consensus estimates of $0.87 by $0.08. The company had revenue of $1.33 billion during the quarter, compared to analysts' expectations of $1.28 billion. Veralto had a return on equity of 49.29% and a net margin of 16.04%. The business's quarterly revenue was up 6.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.84 earnings per share. Equities analysts expect that Veralto Co. will post 3.66 earnings per share for the current fiscal year.

Veralto Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 30th. Shareholders of record on Monday, March 31st were issued a dividend of $0.11 per share. The ex-dividend date was Monday, March 31st. This represents a $0.44 annualized dividend and a yield of 0.45%. Veralto's dividend payout ratio (DPR) is presently 12.57%.

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.