Oak Thistle LLC Buys 2,968 Shares of Veralto Corporation (NYSE:VLTO)

Oak Thistle LLC raised its position in Veralto Corporation (NYSE:VLTO - Free Report) by 146.4% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,995 shares of the company's stock after purchasing an additional 2,968 shares during the quarter. Oak Thistle LLC's holdings in Veralto were worth $487,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the business. Bernard Wealth Management Corp. purchased a new position in Veralto during the fourth quarter worth about $25,000. Murphy & Mullick Capital Management Corp purchased a new position in Veralto in the fourth quarter valued at about $44,000. Opal Wealth Advisors LLC purchased a new position in Veralto in the first quarter valued at about $45,000. Grove Bank & Trust increased its holdings in Veralto by 198.2% in the first quarter. Grove Bank & Trust now owns 510 shares of the company's stock valued at $50,000 after buying an additional 339 shares in the last quarter. Finally, Global Financial Private Client LLC increased its holdings in Veralto by 95.1% in the first quarter. Global Financial Private Client LLC now owns 593 shares of the company's stock valued at $58,000 after buying an additional 289 shares in the last quarter. Institutional investors and hedge funds own 91.28% of the company's stock.

Analyst Upgrades and Downgrades

VLTO has been the topic of a number of analyst reports. 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 report on Thursday, May 1st. Royal Bank Of Canada raised their target price 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. Northcoast Research began coverage on shares of Veralto in a research note on Tuesday, May 6th. They set a "buy" rating and a $110.00 price target on the stock. Citigroup dropped their target price on shares of Veralto from $116.00 to $100.00 and set a "neutral" rating for the company in a research report on Monday, April 14th. Finally, Stifel Nicolaus lifted their price target on shares of Veralto from $104.00 to $116.00 and gave the company a "buy" rating in a report on Monday. Six analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $111.18.

Insider Activity at Veralto

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

Veralto Trading Up 0.1%

Shares of VLTO stock traded up $0.11 during trading hours on Friday, reaching $103.38. 1,019,417 shares of the stock traded hands, compared to its average volume of 1,107,320. Veralto Corporation has a 1-year low of $83.86 and a 1-year high of $115.00. The business has a fifty day moving average price of $100.81 and a 200 day moving average price of $98.50. The company has a quick ratio of 1.92, a current ratio of 2.19 and a debt-to-equity ratio of 1.14. The firm has a market capitalization of $25.62 billion, a PE ratio of 29.54, a PEG ratio of 4.13 and a beta of 0.91.

Veralto (NYSE:VLTO - Get Free Report) last posted its earnings results on Tuesday, April 29th. The company reported $0.95 EPS for the quarter, topping the consensus estimate of $0.87 by $0.08. The company had revenue of $1.33 billion during 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 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 firm posted $0.84 earnings per share. On average, equities research analysts forecast that Veralto Corporation will post 3.66 EPS for the current year.

Veralto Dividend Announcement

The business also recently disclosed 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. This represents a $0.44 annualized dividend and a yield of 0.43%. The ex-dividend date is Monday, June 30th. Veralto's payout ratio is presently 12.57%.

About Veralto

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.