Capital Advisors Inc. OK Buys 14,745 Shares of Veralto Corporation (NYSE:VLTO)

Capital Advisors Inc. OK increased its stake in Veralto Corporation (NYSE:VLTO - Free Report) by 4.4% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 346,618 shares of the company's stock after buying an additional 14,745 shares during the period. Capital Advisors Inc. OK owned 0.14% of Veralto worth $33,778,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of VLTO. Vanguard Group Inc. grew its holdings in shares of Veralto by 0.5% during the fourth quarter. Vanguard Group Inc. now owns 29,347,185 shares of the company's stock valued at $2,989,011,000 after buying an additional 146,234 shares during the last quarter. Geode Capital Management LLC grew its holdings in shares of Veralto by 12.5% during the fourth quarter. Geode Capital Management LLC now owns 6,601,676 shares of the company's stock valued at $670,781,000 after buying an additional 733,056 shares during the last quarter. Pictet Asset Management Holding SA grew its holdings in shares of Veralto by 1.2% during the fourth quarter. Pictet Asset Management Holding SA now owns 4,764,889 shares of the company's stock valued at $485,304,000 after buying an additional 54,795 shares during the last quarter. Invesco Ltd. grew its holdings in shares of Veralto by 9.7% during the fourth quarter. Invesco Ltd. now owns 4,541,367 shares of the company's stock valued at $462,538,000 after buying an additional 401,228 shares during the last quarter. Finally, Bank of New York Mellon Corp grew its holdings in shares of Veralto by 13.6% during the first quarter. Bank of New York Mellon Corp now owns 4,259,348 shares of the company's stock valued at $415,074,000 after buying an additional 509,104 shares during the last quarter. 91.28% of the stock is owned by institutional investors.

Veralto Stock Performance

Shares of NYSE:VLTO traded up $0.80 during mid-day trading on Thursday, reaching $103.17. 1,147,783 shares of the company traded hands, compared to its average volume of 1,406,558. The firm has a market cap of $25.57 billion, a PE ratio of 29.48, a PEG ratio of 4.10 and a beta of 0.91. Veralto Corporation has a 52 week low of $83.87 and a 52 week high of $115.00. The company's 50 day moving average price is $99.73 and its 200-day moving average price is $98.49. The company has a debt-to-equity ratio of 1.14, a current ratio of 2.19 and a quick ratio of 1.92.

Veralto (NYSE:VLTO - Get Free Report) last announced its quarterly earnings data on Tuesday, April 29th. The company reported $0.95 EPS for the quarter, beating the consensus estimate of $0.87 by $0.08. The firm had revenue of $1.33 billion for the quarter, compared to the consensus estimate of $1.28 billion. Veralto had a net margin of 16.56% and a return on equity of 45.63%. The company's revenue was up 6.9% on a year-over-year basis. During the same period last year, the firm earned $0.84 EPS. On average, equities analysts expect that Veralto Corporation will post 3.66 EPS for the current fiscal year.

Veralto Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 31st. Stockholders of record on Monday, June 30th will be given a dividend of $0.11 per share. The ex-dividend date is Monday, June 30th. This represents a $0.44 annualized dividend and a dividend yield of 0.43%. Veralto's payout ratio is 12.57%.

Analysts Set New Price Targets

A number of brokerages recently weighed in on VLTO. Royal Bank Of Canada increased their price objective on shares of Veralto from $103.00 to $104.00 and gave the company a "sector perform" rating in a research report on Thursday, May 1st. Citigroup lowered their price objective 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. Northcoast Research began coverage on shares of Veralto in a research report on Tuesday, May 6th. They set a "buy" rating and a $110.00 price objective on the stock. Robert W. Baird increased their price objective on shares of Veralto from $105.00 to $106.00 and gave the company a "neutral" rating in a research report on Thursday, May 1st. Finally, Stifel Nicolaus increased their price objective on shares of Veralto from $102.00 to $104.00 and gave the company a "buy" rating in a research report on Thursday, May 1st. Six equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $110.09.

Insider Activity

In other news, SVP Mattias Bystrom sold 2,500 shares of the firm's stock in a transaction on Monday, May 12th. The shares were sold at an average price of $99.96, for a total transaction of $249,900.00. Following the sale, the senior vice president directly owned 32,430 shares in the company, valued at $3,241,702.80. This trade represents a 7.16% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Surekha Trivedi sold 848 shares of Veralto stock in a transaction on Monday, June 2nd. The shares were sold at an average price of $100.55, for a total transaction of $85,266.40. Following the completion of the sale, the senior vice president owned 8,433 shares in the company, valued at approximately $847,938.15. This represents a 9.14% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 45,913 shares of company stock worth $4,339,370. 0.36% of the stock is currently owned by insiders.

Veralto Company 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.