Veralto Co. (NYSE:VLTO) Shares Purchased by Ferguson Wellman Capital Management Inc.

Ferguson Wellman Capital Management Inc. increased its stake in Veralto Co. (NYSE:VLTO - Free Report) by 3.3% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 432,121 shares of the company's stock after acquiring an additional 13,628 shares during the period. Ferguson Wellman Capital Management Inc. owned approximately 0.17% of Veralto worth $42,110,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Vanguard Group Inc. raised its stake in Veralto by 0.5% in 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 in the last quarter. Amundi raised its stake in Veralto by 2.3% in the fourth quarter. Amundi now owns 7,169,702 shares of the company's stock valued at $731,084,000 after buying an additional 158,342 shares in 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 worth $670,781,000 after purchasing 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 worth $485,304,000 after purchasing an additional 54,795 shares during the last quarter. Finally, 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 worth $462,538,000 after purchasing an additional 401,228 shares during the last quarter. 91.28% of the stock is currently owned by institutional investors and hedge funds.

Veralto Stock Performance

NYSE:VLTO traded down $1.55 during mid-day trading on Friday, reaching $97.20. The stock had a trading volume of 825,458 shares, compared to its average volume of 1,448,744. The company has a debt-to-equity ratio of 1.27, a quick ratio of 1.69 and a current ratio of 1.92. The firm has a market capitalization of $24.09 billion, a price-to-earnings ratio of 29.10, a PEG ratio of 4.24 and a beta of 0.97. Veralto Co. has a twelve month low of $83.87 and a twelve month high of $115.00. The business has a 50 day simple moving average of $96.12 and a 200 day simple moving average of $99.06.

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 analysts' consensus estimates of $0.87 by $0.08. The firm had revenue of $1.33 billion during the quarter, compared to the consensus estimate of $1.28 billion. Veralto had a net margin of 16.04% and a return on equity of 49.29%. The firm's revenue was up 6.9% compared to the same quarter last year. During the same quarter last year, the firm earned $0.84 earnings per share. On average, analysts expect that Veralto Co. will post 3.66 earnings per share for the current fiscal year.

Veralto Announces Dividend

The business also recently declared 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 of this dividend is Monday, June 30th. This represents a $0.44 dividend on an annualized basis and a dividend yield of 0.45%. Veralto's payout ratio is 12.57%.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the company. Royal Bank of Canada raised their price objective on Veralto from $103.00 to $104.00 and gave the stock a "sector perform" rating in a report on Thursday, May 1st. Northcoast Research assumed coverage on Veralto in a report on Tuesday, May 6th. They set a "buy" rating and a $110.00 price objective on the stock. Stifel Nicolaus raised their price objective on Veralto from $102.00 to $104.00 and gave the stock a "buy" rating in a report on Thursday, May 1st. Robert W. Baird raised their price objective on Veralto from $105.00 to $106.00 and gave the stock a "neutral" rating in a report on Thursday, May 1st. Finally, Citigroup lowered their price target on Veralto from $116.00 to $100.00 and set a "neutral" rating on the stock in a report on Monday, April 14th. Six analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $110.09.

Insider Activity

In other Veralto news, SVP Melissa Aquino sold 31,689 shares of the business's 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 completion of the transaction, the senior vice president now directly owns 17,434 shares in the company, valued at approximately $1,633,042.78. The trade was a 64.51% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP Surekha Trivedi sold 590 shares of the business's stock in a transaction on Tuesday, April 1st. The shares were sold at an average price of $97.05, for a total value of $57,259.50. Following the completion of the transaction, the senior vice president now owns 10,011 shares of the company's stock, valued at $971,567.55. This trade represents a 5.57% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 56,917 shares of company stock worth $5,423,033. Company insiders own 0.36% of the company's stock.

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.