Veralto Corporation (NYSE:VLTO) Shares Sold by Keybank National Association OH

Keybank National Association OH trimmed its stake in Veralto Corporation (NYSE:VLTO - Free Report) by 11.7% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 38,588 shares of the company's stock after selling 5,099 shares during the period. Keybank National Association OH's holdings in Veralto were worth $3,760,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. lifted 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 during the last quarter. Amundi increased its holdings in shares of Veralto by 2.3% in the 4th quarter. Amundi now owns 7,169,702 shares of the company's stock valued at $731,084,000 after acquiring an additional 158,342 shares during the period. Geode Capital Management LLC raised its position in Veralto by 12.5% in the 4th quarter. Geode Capital Management LLC now owns 6,601,676 shares of the company's stock valued at $670,781,000 after purchasing an additional 733,056 shares during the last quarter. Pictet Asset Management Holding SA raised its position in Veralto by 1.2% in the 4th quarter. Pictet Asset Management Holding SA now owns 4,764,889 shares of the company's stock valued at $485,304,000 after purchasing an additional 54,795 shares during the last quarter. Finally, Invesco Ltd. boosted its stake in Veralto by 9.7% during the 4th 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 period. 91.28% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Veralto

In related news, SVP Mattias Bystrom sold 2,500 shares of Veralto stock in a transaction that occurred on Monday, May 12th. The stock was sold at an average price of $99.96, for a total transaction of $249,900.00. Following the completion of the transaction, the senior vice president directly owned 32,430 shares in the company, valued at $3,241,702.80. The trade was a 7.16% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, SVP Surekha Trivedi sold 848 shares of the company's stock in a transaction that occurred on Monday, June 2nd. The shares were sold at an average price of $100.55, for a total value of $85,266.40. Following the completion of the sale, the senior vice president directly owned 8,433 shares in the company, valued at approximately $847,938.15. The trade was a 9.14% decrease in their position. The disclosure for this sale can be found here. Insiders sold 45,913 shares of company stock worth $4,339,370 in the last 90 days. Insiders own 0.36% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on VLTO shares. Stifel Nicolaus upped their target price on shares of Veralto from $102.00 to $104.00 and gave the company a "buy" rating in a report on Thursday, May 1st. Royal Bank Of Canada lifted their target price on Veralto from $103.00 to $104.00 and gave the company a "sector perform" rating in a research note on Thursday, May 1st. Citigroup decreased their price target on Veralto from $116.00 to $100.00 and set a "neutral" rating for the company in a report on Monday, April 14th. Northcoast Research began coverage on shares of Veralto in a research note on Tuesday, May 6th. They issued a "buy" rating and a $110.00 price objective on the stock. Finally, Robert W. Baird raised their target price on shares of Veralto from $105.00 to $106.00 and gave the stock a "neutral" rating in a research note 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, the stock presently has a consensus rating of "Hold" and an average price target of $110.09.

Veralto Price Performance

Shares of NYSE VLTO traded up $0.92 during trading on Friday, hitting $103.75. 478,650 shares of the company were exchanged, compared to its average volume of 1,409,573. The company has a debt-to-equity ratio of 1.14, a current ratio of 2.19 and a quick ratio of 1.92. Veralto Corporation has a 1 year low of $83.87 and a 1 year high of $115.00. The company 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 firm's fifty day moving average price is $98.97 and its 200 day moving average price is $98.48.

Veralto (NYSE:VLTO - Get Free Report) last released its quarterly earnings data on Tuesday, April 29th. The company reported $0.95 EPS for the quarter, topping analysts' consensus estimates of $0.87 by $0.08. The firm had revenue of $1.33 billion for the quarter, compared to the consensus estimate 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% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.84 earnings per share. On average, sell-side analysts expect that Veralto Corporation will post 3.66 earnings per share for the current fiscal year.

Veralto Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, July 31st. Investors of record on Monday, June 30th will be paid 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 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.