Veralto Corporation (NYSE:VLTO) Shares Acquired by KBC Group NV

KBC Group NV boosted its stake in shares of Veralto Corporation (NYSE:VLTO - Free Report) by 1.1% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,016,875 shares of the company's stock after buying an additional 11,133 shares during the quarter. KBC Group NV owned 0.41% of Veralto worth $99,095,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Bernard Wealth Management Corp. purchased a new position in Veralto during the fourth quarter worth about $25,000. OFI Invest Asset Management purchased a new position in Veralto during the fourth quarter worth about $26,000. Lee Danner & Bass Inc. purchased a new position in Veralto during the fourth quarter worth about $43,000. Murphy & Mullick Capital Management Corp purchased a new position in shares of Veralto in the fourth quarter valued at approximately $44,000. Finally, IFP Advisors Inc boosted its stake in shares of Veralto by 64.5% in the fourth quarter. IFP Advisors Inc now owns 454 shares of the company's stock valued at $46,000 after purchasing an additional 178 shares during the period. Hedge funds and other institutional investors own 91.28% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the stock. Royal Bank Of Canada raised their price objective on shares of Veralto from $103.00 to $104.00 and gave the company a "sector perform" rating in a research note on Thursday, May 1st. Citigroup lowered their price objective on shares of Veralto from $116.00 to $100.00 and set a "neutral" rating for the company in a research note on Monday, April 14th. Robert W. Baird raised their price objective on shares of Veralto from $105.00 to $106.00 and gave the company a "neutral" rating in a research note on Thursday, May 1st. Stifel Nicolaus raised their price objective on shares of Veralto from $102.00 to $104.00 and gave the company a "buy" rating in a research note on Thursday, May 1st. Finally, 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 price objective for the company. Six analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $110.09.

Veralto Stock Down 0.1%

NYSE:VLTO traded down $0.09 during mid-day trading on Friday, hitting $101.03. The stock had a trading volume of 2,287,548 shares, compared to its average volume of 1,418,379. The stock has a 50-day simple moving average of $97.94 and a two-hundred day simple moving average of $98.50. The company has a market capitalization of $25.04 billion, a PE ratio of 28.87, a PEG ratio of 4.35 and a beta of 0.97. Veralto Corporation has a twelve month low of $83.87 and a twelve month high of $115.00. 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 issued its earnings results on Tuesday, April 29th. The company reported $0.95 earnings per share for the quarter, beating the consensus estimate of $0.87 by $0.08. The firm had revenue of $1.33 billion for the quarter, compared to analysts' expectations of $1.28 billion. Veralto had a net margin of 16.56% and a return on equity of 45.63%. The firm's revenue was up 6.9% compared to the same quarter last year. During the same quarter last year, the company earned $0.84 earnings per share. On average, equities research analysts anticipate that Veralto Corporation will post 3.66 EPS for the current year.

Veralto Announces Dividend

The business also recently disclosed 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 annualized dividend and a dividend yield of 0.44%. Veralto's dividend payout ratio is presently 12.57%.

Insider Transactions at Veralto

In other news, SVP Surekha Trivedi sold 590 shares of the business's stock in a transaction that occurred on Tuesday, April 1st. The shares were sold at an average price of $97.05, for a total transaction of $57,259.50. Following the completion of the sale, the senior vice president now owns 10,011 shares in the company, valued at approximately $971,567.55. The trade was a 5.57% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Lesley Beneteau sold 458 shares of the business's stock in a transaction that occurred on Thursday, May 15th. The stock was sold at an average price of $100.84, for a total transaction of $46,184.72. Following the sale, the senior vice president now owns 13,571 shares of the company's stock, valued at $1,368,499.64. This represents a 3.26% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 46,503 shares of company stock worth $4,396,629. 0.36% of the stock is currently owned by insiders.

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.