Czech National Bank Has $5.54 Million Stake in Veralto Co. (NYSE:VLTO)

Czech National Bank lifted its stake in Veralto Co. (NYSE:VLTO - Free Report) by 5.9% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 56,802 shares of the company's stock after purchasing an additional 3,180 shares during the quarter. Czech National Bank's holdings in Veralto were worth $5,535,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Savant Capital LLC grew its stake in shares of Veralto by 0.5% in the fourth quarter. Savant Capital LLC now owns 20,177 shares of the company's stock worth $2,055,000 after acquiring an additional 98 shares during the last quarter. Allworth Financial LP raised its holdings in shares of Veralto by 19.4% in the fourth quarter. Allworth Financial LP now owns 622 shares of the company's stock valued at $64,000 after buying an additional 101 shares during the last quarter. Quent Capital LLC raised its holdings in shares of Veralto by 17.3% in the fourth quarter. Quent Capital LLC now owns 699 shares of the company's stock valued at $71,000 after buying an additional 103 shares during the last quarter. Coldstream Capital Management Inc. raised its holdings in Veralto by 1.7% during the 4th quarter. Coldstream Capital Management Inc. now owns 6,405 shares of the company's stock worth $652,000 after purchasing an additional 110 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. grew its position in shares of Veralto by 4.1% during the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 2,967 shares of the company's stock worth $302,000 after buying an additional 117 shares during the period. Institutional investors own 91.28% of the company's stock.

Insider Activity

In related news, CEO Jennifer Honeycutt sold 10,414 shares of the company's stock in a transaction that occurred on Monday, March 24th. The stock was sold at an average price of $98.56, for a total value of $1,026,403.84. Following the sale, the chief executive officer now directly owns 116,637 shares in the company, valued at $11,495,742.72. This represents a 8.20% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, SVP Surekha Trivedi sold 848 shares of the company's stock in a transaction that occurred on Monday, June 2nd. The shares were sold at an average price of $100.55, for a total value of $85,266.40. Following the completion of the sale, the senior vice president now owns 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. Over the last three months, insiders have sold 56,917 shares of company stock valued at $5,423,033. 0.36% of the stock is currently owned by corporate insiders.

Veralto Trading Up 0.6%

Shares of VLTO stock traded up $0.56 during mid-day trading on Thursday, reaching $99.48. 866,946 shares of the stock traded hands, compared to its average volume of 1,446,818. The stock's fifty day simple moving average is $95.23 and its two-hundred day simple moving average is $99.45. Veralto Co. has a 1-year low of $83.87 and a 1-year high of $115.00. The company has a market cap of $24.66 billion, a price-to-earnings ratio of 29.78, a price-to-earnings-growth ratio of 4.24 and a beta of 0.99. 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 (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. Veralto had a return on equity of 49.29% and a net margin of 16.04%. The firm had revenue of $1.33 billion for the quarter, compared to analyst estimates of $1.28 billion. During the same period last year, the firm posted $0.84 earnings per share. The business's revenue for the quarter was up 6.9% on a year-over-year basis. On average, research analysts anticipate that Veralto Co. will post 3.66 EPS for the current fiscal year.

Veralto Announces Dividend

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

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on VLTO shares. Northcoast Research initiated coverage on Veralto in a research report on Tuesday, May 6th. They issued a "buy" rating and a $110.00 price objective for the company. Royal Bank of Canada raised their price target on Veralto from $103.00 to $104.00 and gave the company a "sector perform" rating in a report on Thursday, May 1st. Citigroup dropped 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. Robert W. Baird lifted their target price on Veralto from $105.00 to $106.00 and gave the stock a "neutral" rating in a report on Thursday, May 1st. Finally, Stifel Nicolaus raised their price target on Veralto from $102.00 to $104.00 and gave the stock a "buy" rating in a research report on Thursday, May 1st. Six research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, Veralto has an average rating of "Hold" and an average price target of $110.09.

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.