Natixis Advisors LLC Lowers Stock Holdings in Veralto Corporation (NYSE:VLTO)

Key Points

• Natixis Advisors LLC reduced its stake in Veralto Corporation by 1.8%, owning 187,747 shares valued at $18.3 million after selling 3,353 shares in the first quarter.
• Veralto reported a quarterly earnings figure of $0.93 per share, surpassing analysts' expectations of $0.89, with a revenue of $1.37 billion, marking a 6.4% increase from the previous year.
• The company's quarterly dividend of $0.11 per share reflects a 0.4% dividend yield and a payout ratio of 12.29%.

Natixis Advisors LLC lessened its holdings in Veralto Corporation (NYSE:VLTO - Free Report) by 1.8% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 187,747 shares of the company's stock after selling 3,353 shares during the period. Natixis Advisors LLC owned about 0.08% of Veralto worth $18,296,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently bought and sold shares of VLTO. Brighton Jones LLC grew its position in shares of Veralto by 16.1% in the fourth quarter. Brighton Jones LLC now owns 3,459 shares of the company's stock valued at $352,000 after purchasing an additional 479 shares during the period. O Shaughnessy Asset Management LLC boosted its holdings in Veralto by 10.3% in the 4th quarter. O Shaughnessy Asset Management LLC now owns 11,053 shares of the company's stock worth $1,126,000 after buying an additional 1,032 shares during the last quarter. Wellington Management Group LLP increased its stake in Veralto by 7.5% during the 4th quarter. Wellington Management Group LLP now owns 563,102 shares of the company's stock worth $57,352,000 after buying an additional 39,342 shares in the last quarter. World Investment Advisors increased its stake in Veralto by 56.7% during the 4th quarter. World Investment Advisors now owns 2,827 shares of the company's stock worth $288,000 after buying an additional 1,023 shares in the last quarter. Finally, Prudential PLC raised its holdings in shares of Veralto by 0.9% during the fourth quarter. Prudential PLC now owns 121,817 shares of the company's stock valued at $12,407,000 after acquiring an additional 1,072 shares during the last quarter. Institutional investors and hedge funds own 91.28% of the company's stock.

Veralto Trading Up 0.8%

Veralto stock traded up $0.87 during midday trading on Wednesday, hitting $107.43. 1,081,781 shares of the stock were exchanged, compared to its average volume of 1,401,703. The company has a current ratio of 2.32, a quick ratio of 2.06 and a debt-to-equity ratio of 1.00. The stock's 50-day simple moving average is $101.39 and its 200 day simple moving average is $98.63. Veralto Corporation has a fifty-two week low of $83.86 and a fifty-two week high of $115.00. The stock has a market capitalization of $26.66 billion, a price-to-earnings ratio of 30.01, a PEG ratio of 3.52 and a beta of 0.91.

Veralto (NYSE:VLTO - Get Free Report) last announced its quarterly earnings results on Monday, July 28th. The company reported $0.93 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.89 by $0.04. The business had revenue of $1.37 billion during the quarter, compared to the consensus estimate of $1.34 billion. Veralto had a net margin of 16.65% and a return on equity of 41.45%. The business's revenue was up 6.4% compared to the same quarter last year. During the same quarter last year, the firm earned $0.85 EPS. On average, equities analysts anticipate that Veralto Corporation will post 3.66 EPS for the current year.

Veralto Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, July 31st. Stockholders of record on Monday, June 30th were paid a $0.11 dividend. This represents a $0.44 annualized dividend and a dividend yield of 0.4%. The ex-dividend date of this dividend was Monday, June 30th. Veralto's dividend payout ratio is 12.29%.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the company. Robert W. Baird lifted their price target on Veralto from $106.00 to $112.00 and gave the stock a "neutral" rating in a research note on Wednesday, July 30th. Wolfe Research raised shares of Veralto from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, July 30th. Stifel Nicolaus set a $120.00 target price on shares of Veralto and gave the company a "buy" rating in a research report on Wednesday, July 30th. 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 target on the stock. Finally, Citigroup lowered their price target 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. Four analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $114.00.

Insider Activity

In other Veralto news, SVP Lesley Beneteau sold 458 shares of the company's stock in a transaction dated Thursday, May 15th. The shares were sold at an average price of $100.84, for a total value of $46,184.72. Following the transaction, the senior vice president owned 13,571 shares of the company's stock, valued at $1,368,499.64. This represents a 3.26% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, SVP Mattias Bystrom sold 2,500 shares of Veralto stock in a transaction dated Monday, May 12th. The shares were sold at an average price of $99.96, for a total transaction of $249,900.00. Following the sale, the senior vice president owned 32,430 shares of the company's stock, valued at approximately $3,241,702.80. This represents a 7.16% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 3,806 shares of company stock valued at $381,351 in the last quarter. 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.