Veralto Corporation (NYSE:VLTO) Shares Sold by Janney Montgomery Scott LLC

Janney Montgomery Scott LLC decreased its stake in shares of Veralto Corporation (NYSE:VLTO - Free Report) by 8.8% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 50,652 shares of the company's stock after selling 4,883 shares during the period. Janney Montgomery Scott LLC's holdings in Veralto were worth $4,936,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of VLTO. Norges Bank acquired a new position in Veralto during the fourth quarter worth approximately $289,028,000. First Trust Advisors LP increased its position in shares of Veralto by 222.3% in the fourth 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 acquired a new stake in shares of Veralto in the fourth quarter worth $133,058,000. BNP Paribas Financial Markets acquired a new stake in shares of Veralto in the fourth quarter worth $96,888,000. Finally, Geode Capital Management LLC increased 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 acquiring an additional 733,056 shares in the last quarter. Institutional investors and hedge funds own 91.28% of the company's stock.

Insiders Place Their Bets

In other news, SVP Melissa Aquino sold 31,689 shares of Veralto stock in a transaction dated Thursday, May 1st. The shares were 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 of the company's stock, valued at approximately $1,633,042.78. The trade was a 64.51% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Jennifer Honeycutt sold 10,418 shares of Veralto stock in a transaction dated Wednesday, April 30th. The shares were sold at an average price of $95.00, for a total transaction of $989,710.00. Following the completion of the transaction, the chief executive officer now directly owns 106,219 shares of the company's stock, valued at $10,090,805. This trade represents a 8.93% decrease in their ownership of the stock. 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 ninety days. Corporate insiders own 0.36% of the company's stock.

Veralto Stock Up 1.8%

VLTO traded up $1.72 during trading hours on Monday, reaching $98.45. 1,440,573 shares of the stock traded hands, compared to its average volume of 1,445,621. Veralto Corporation has a fifty-two week low of $83.87 and a fifty-two week high of $115.00. The company has a debt-to-equity ratio of 1.14, a current ratio of 2.19 and a quick ratio of 1.92. The company has a market cap of $24.40 billion, a price-to-earnings ratio of 28.13, a PEG ratio of 4.16 and a beta of 0.97. The firm's fifty day simple moving average is $97.06 and its two-hundred day simple moving average is $98.60.

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

Veralto Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 31st. Shareholders of record on Monday, June 30th will be issued a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a yield of 0.45%. The ex-dividend date of this dividend is Monday, June 30th. Veralto's dividend payout ratio is currently 12.57%.

Analysts Set New Price Targets

VLTO has been the subject of several recent research reports. Citigroup dropped their price objective 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. Stifel Nicolaus increased their price objective on shares of Veralto from $102.00 to $104.00 and gave the stock a "buy" rating in a research report on Thursday, May 1st. Robert W. Baird increased their price objective 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. Royal Bank Of Canada increased their price objective 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. Finally, Northcoast Research began coverage on shares of Veralto in a report on Tuesday, May 6th. They set a "buy" rating and a $110.00 price target for the company. Six equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat, Veralto has an average rating of "Hold" and a consensus price target of $110.09.

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.