Nomura Holdings Inc. Buys New Stake in Veralto Co. (NYSE:VLTO)

Nomura Holdings Inc. bought a new stake in Veralto Co. (NYSE:VLTO - Free Report) during the fourth quarter, according to its most recent filing with the SEC. The firm bought 8,153 shares of the company's stock, valued at approximately $830,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Savant Capital LLC grew its position in Veralto by 0.5% in the 4th quarter. Savant Capital LLC now owns 20,177 shares of the company's stock worth $2,055,000 after purchasing an additional 98 shares during the last quarter. Allworth Financial LP grew its position in Veralto by 19.4% in the 4th quarter. Allworth Financial LP now owns 622 shares of the company's stock worth $64,000 after purchasing an additional 101 shares during the last quarter. Quent Capital LLC grew its position in Veralto by 17.3% in the 4th quarter. Quent Capital LLC now owns 699 shares of the company's stock worth $71,000 after purchasing an additional 103 shares during the last quarter. Raleigh Capital Management Inc. grew its position in Veralto by 35.3% in the 4th quarter. Raleigh Capital Management Inc. now owns 418 shares of the company's stock worth $43,000 after purchasing an additional 109 shares during the last quarter. Finally, Coldstream Capital Management Inc. grew its position in Veralto by 1.7% in the 4th quarter. Coldstream Capital Management Inc. now owns 6,405 shares of the company's stock worth $652,000 after purchasing an additional 110 shares during the last quarter. 91.28% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Veralto

In other Veralto news, SVP Lesley Beneteau sold 458 shares of the business'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 completion of the transaction, the senior vice president now directly owns 13,571 shares of the company's stock, valued at approximately $1,368,499.64. The trade was a 3.26% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Jennifer Honeycutt sold 10,414 shares of the business's stock in a transaction dated Tuesday, February 25th. The stock was sold at an average price of $100.35, for a total transaction of $1,045,044.90. Following the completion of the transaction, the chief executive officer now directly owns 104,496 shares of the company's stock, valued at approximately $10,486,173.60. This represents a 9.06% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 67,073 shares of company stock worth $6,442,018 over the last ninety days. Corporate insiders own 0.36% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have issued reports on VLTO. Stifel Nicolaus raised their price target 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. Citigroup reduced their price objective on shares of Veralto from $116.00 to $100.00 and set a "neutral" rating for the company in a report on Monday, April 14th. Northcoast Research initiated coverage on shares of Veralto in a report on Tuesday, May 6th. They set a "buy" rating and a $110.00 price objective for the company. Royal Bank of Canada raised their price objective on shares of Veralto from $103.00 to $104.00 and gave the stock a "sector perform" rating in a report on Thursday, May 1st. Finally, Robert W. Baird raised their price objective on shares of Veralto from $105.00 to $106.00 and gave the stock a "neutral" rating in a report on Thursday, May 1st. Six research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $110.09.

Veralto Price Performance

NYSE:VLTO opened at $102.11 on Tuesday. The firm has a market cap of $25.31 billion, a PE ratio of 30.57, a price-to-earnings-growth ratio of 4.24 and a beta of 0.99. Veralto Co. has a 12 month low of $83.87 and a 12 month high of $115.00. The company has a quick ratio of 1.69, a current ratio of 1.92 and a debt-to-equity ratio of 1.27. The company's 50-day moving average price is $94.53 and its two-hundred day moving average price is $99.65.

Veralto (NYSE:VLTO - Get Free Report) last released its quarterly earnings results on Tuesday, April 29th. The company reported $0.95 EPS for the quarter, beating analysts' consensus estimates of $0.87 by $0.08. The firm had revenue of $1.33 billion for the quarter, compared to analyst estimates of $1.28 billion. Veralto had a net margin of 16.04% and a return on equity of 49.29%. The company's revenue for the quarter was up 6.9% compared to the same quarter last year. During the same period in the previous year, the business earned $0.84 earnings per share. On average, equities analysts anticipate that Veralto Co. will post 3.66 EPS for the current fiscal 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 $0.11 dividend. The ex-dividend date of this dividend is Monday, June 30th. This represents a $0.44 dividend on an annualized basis and a yield of 0.43%. Veralto's dividend payout ratio (DPR) is presently 12.57%.

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.

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