Veralto Corporation (NYSE:VLTO) Shares Bought by Defender Capital LLC.

Defender Capital LLC. increased its position in Veralto Corporation (NYSE:VLTO - Free Report) by 9.9% in the first quarter, according to its most recent 13F filing with the SEC. The firm owned 158,284 shares of the company's stock after purchasing an additional 14,311 shares during the period. Veralto comprises about 6.1% of Defender Capital LLC.'s investment portfolio, making the stock its 7th biggest holding. Defender Capital LLC. owned 0.06% of Veralto worth $15,361,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Bernard Wealth Management Corp. acquired a new position in shares of Veralto during the 4th quarter worth $25,000. OFI Invest Asset Management bought a new stake in shares of Veralto during the 4th quarter worth about $26,000. Lee Danner & Bass Inc. acquired a new position in shares of Veralto during the 4th quarter valued at about $43,000. Murphy & Mullick Capital Management Corp bought a new position in shares of Veralto in the 4th quarter valued at approximately $44,000. Finally, Opal Wealth Advisors LLC acquired a new stake in Veralto in the 1st quarter worth approximately $45,000. 91.28% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Veralto

In other Veralto news, SVP Surekha Trivedi sold 848 shares of the business's stock in a transaction on Monday, June 2nd. The stock was sold at an average price of $100.55, for a total value of $85,266.40. Following the transaction, the senior vice president owned 8,433 shares of the company's stock, valued at approximately $847,938.15. The trade was a 9.14% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Melissa Aquino sold 31,689 shares of the stock in a transaction on Thursday, May 1st. The stock was sold at an average price of $93.67, for a total value of $2,968,308.63. Following the sale, the senior vice president owned 17,434 shares in the company, valued at $1,633,042.78. The trade was a 64.51% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 45,913 shares of company stock valued at $4,339,370. 0.36% of the stock is owned by company insiders.

Analysts Set New Price Targets

VLTO has been the topic of several analyst reports. Royal Bank Of Canada increased 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. Northcoast Research assumed coverage on shares of Veralto in a research note on Tuesday, May 6th. They issued a "buy" rating and a $110.00 target price on the stock. Stifel Nicolaus lifted their target price on shares of Veralto from $102.00 to $104.00 and gave the stock a "buy" rating in a report on Thursday, May 1st. Citigroup cut their target price on shares of Veralto from $116.00 to $100.00 and set a "neutral" rating for the company in a research report on Monday, April 14th. Finally, Robert W. Baird raised their price target on Veralto from $105.00 to $106.00 and gave the company a "neutral" 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 data from MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $110.09.

Veralto Stock Performance

Veralto stock traded up $0.92 during mid-day trading on Friday, reaching $103.75. The company had a trading volume of 478,650 shares, compared to its average volume of 1,409,573. The company has a quick ratio of 1.92, a current ratio of 2.19 and a debt-to-equity ratio of 1.14. The firm has a market cap of $25.72 billion, a price-to-earnings ratio of 29.64, a PEG ratio of 4.12 and a beta of 0.91. The company has a 50 day moving average of $98.97 and a 200-day moving average of $98.48. Veralto Corporation has a 52 week low of $83.87 and a 52 week high of $115.00.

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

Veralto Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, July 31st. Shareholders of record on Monday, June 30th will be given a $0.11 dividend. The ex-dividend date is Monday, June 30th. This represents a $0.44 dividend on an annualized basis and a yield of 0.42%. Veralto's dividend payout ratio (DPR) is presently 12.57%.

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.