Diversified Trust Co Has $1.05 Million Stake in Veralto Corporation (NYSE:VLTO)

Diversified Trust Co trimmed its stake in shares of Veralto Corporation (NYSE:VLTO - Free Report) by 28.2% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 10,782 shares of the company's stock after selling 4,225 shares during the quarter. Diversified Trust Co's holdings in Veralto were worth $1,051,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of VLTO. Norges Bank acquired a new position in shares of Veralto in the 4th quarter valued at about $289,028,000. First Trust Advisors LP lifted its stake in Veralto by 222.3% in the 4th quarter. First Trust Advisors LP now owns 2,602,399 shares of the company's stock worth $265,054,000 after acquiring an additional 1,794,992 shares in the last quarter. Champlain Investment Partners LLC purchased a new stake in shares of Veralto in the fourth quarter worth approximately $133,058,000. BNP Paribas Financial Markets purchased a new stake in shares of Veralto during the 4th quarter worth about $96,888,000. Finally, Geode Capital Management LLC lifted its position in shares of Veralto by 12.5% in the fourth quarter. Geode Capital Management LLC now owns 6,601,676 shares of the company's stock worth $670,781,000 after buying an additional 733,056 shares during the last quarter. 91.28% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Veralto

In other Veralto news, CEO Jennifer Honeycutt sold 10,418 shares of the company's stock in a transaction dated Wednesday, April 30th. The stock was sold at an average price of $95.00, for a total value of $989,710.00. Following the sale, the chief executive officer now owns 106,219 shares in the company, valued at approximately $10,090,805. The trade was a 8.93% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, SVP Melissa Aquino sold 31,689 shares of Veralto stock in a transaction on 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 transaction, the senior vice president now directly owns 17,434 shares of the company's stock, valued at $1,633,042.78. This represents a 64.51% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 46,503 shares of company stock valued at $4,396,629 in the last quarter. Insiders own 0.36% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on VLTO. Royal Bank Of Canada boosted their target price 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. Stifel Nicolaus raised their target price on Veralto from $102.00 to $104.00 and gave the stock a "buy" rating in a research report on Thursday, May 1st. Northcoast Research assumed 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. Citigroup reduced their target price 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. Finally, Robert W. Baird lifted 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. Six investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, Veralto has an average rating of "Hold" and a consensus target price of $110.09.

Veralto Stock Down 0.5%

Shares of NYSE VLTO traded down $0.48 during midday trading on Monday, reaching $100.48. The company's stock had a trading volume of 109,277 shares, compared to its average volume of 1,413,706. Veralto Corporation has a fifty-two week low of $83.87 and a fifty-two week high of $115.00. The stock has a market capitalization of $24.90 billion, a price-to-earnings ratio of 28.82, a PEG ratio of 4.35 and a beta of 0.97. The stock has a 50 day simple moving average of $97.94 and a 200-day simple moving average of $98.45. The company has a current ratio of 2.19, a quick ratio of 1.92 and a debt-to-equity ratio of 1.14.

Veralto (NYSE:VLTO - Get Free Report) last posted its earnings results on Tuesday, April 29th. The company reported $0.95 EPS for the quarter, beating 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 company had revenue of $1.33 billion for the quarter, compared to the consensus estimate of $1.28 billion. During the same quarter in the prior year, the business earned $0.84 earnings per share. The firm's revenue for the quarter was up 6.9% on a year-over-year basis. Equities research analysts predict that Veralto Corporation will post 3.66 earnings per share for the current year.

Veralto Dividend Announcement

The firm also recently announced 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. This represents a $0.44 annualized dividend and a yield of 0.44%. The ex-dividend date is Monday, June 30th. Veralto's payout ratio is 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.