Veralto Corporation (NYSE:VLTO) Shares Sold by New York State Teachers Retirement System

New York State Teachers Retirement System decreased its position in Veralto Corporation (NYSE:VLTO - Free Report) by 2.0% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 194,853 shares of the company's stock after selling 3,902 shares during the quarter. New York State Teachers Retirement System owned 0.08% of Veralto worth $18,988,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in VLTO. Brighton Jones LLC grew its stake in shares of Veralto by 16.1% during the fourth quarter. Brighton Jones LLC now owns 3,459 shares of the company's stock worth $352,000 after purchasing an additional 479 shares in the last quarter. IFP Advisors Inc raised its holdings 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 buying an additional 178 shares during the last quarter. Oppenheimer Asset Management Inc. lifted its position in Veralto by 13.0% during the 4th quarter. Oppenheimer Asset Management Inc. now owns 3,955 shares of the company's stock worth $403,000 after acquiring an additional 455 shares during the period. Proficio Capital Partners LLC acquired a new stake in shares of Veralto during the fourth quarter worth $84,000. Finally, Smartleaf Asset Management LLC lifted its stake in shares of Veralto by 31.7% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,139 shares of the company's stock worth $116,000 after acquiring an additional 274 shares during the period. Hedge funds and other institutional investors own 91.28% of the company's stock.

Veralto Price Performance

VLTO stock traded up $0.92 during midday trading on Friday, hitting $103.75. 478,650 shares of the stock were exchanged, compared to its average volume of 1,411,486. The company has a debt-to-equity ratio of 1.14, a quick ratio of 1.92 and a current ratio of 2.19. The stock's 50-day moving average price is $99.20 and its 200-day moving average price is $98.46. Veralto Corporation has a fifty-two week low of $83.87 and a fifty-two week high of $115.00. The stock has a market cap of $25.72 billion, a price-to-earnings ratio of 29.64, a PEG ratio of 4.16 and a beta of 0.91.

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

Veralto Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, July 31st. Shareholders of record on Monday, June 30th will be given a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a yield of 0.42%. The ex-dividend date of this dividend is Monday, June 30th. Veralto's dividend payout ratio (DPR) is presently 12.57%.

Wall Street Analyst Weigh In

A number of brokerages recently commented on VLTO. 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 report on Thursday, May 1st. Northcoast Research began coverage on Veralto in a report on Tuesday, May 6th. They issued a "buy" rating and a $110.00 price target for the company. Royal Bank Of Canada lifted their price target 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 cut their price objective on Veralto from $116.00 to $100.00 and set a "neutral" rating for the company in a research report on Monday, April 14th. Finally, Robert W. Baird raised their target price on Veralto from $105.00 to $106.00 and gave the company a "neutral" rating in a report on Thursday, May 1st. Six analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $110.09.

Insider Activity at Veralto

In other news, SVP Lesley Beneteau sold 458 shares of Veralto stock in a transaction dated Thursday, May 15th. The stock was sold at an average price of $100.84, for a total value of $46,184.72. Following the transaction, the senior vice president directly owned 13,571 shares of the company's stock, valued at $1,368,499.64. The trade was a 3.26% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, SVP Mattias Bystrom sold 2,500 shares of Veralto stock in a transaction 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 sale, the senior vice president owned 32,430 shares of the company's stock, valued at approximately $3,241,702.80. This trade represents a 7.16% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 45,913 shares of company stock valued at $4,339,370 over the last three months. Insiders own 0.36% of the company's stock.

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.