ProShare Advisors LLC Buys 4,507 Shares of Veralto Co. (NYSE:VLTO)

ProShare Advisors LLC lifted its stake in shares of Veralto Co. (NYSE:VLTO - Free Report) by 14.4% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 35,810 shares of the company's stock after buying an additional 4,507 shares during the quarter. ProShare Advisors LLC's holdings in Veralto were worth $3,647,000 as of its most recent filing with the SEC.

Several other hedge funds have also modified their holdings of VLTO. Savant Capital LLC increased its holdings in Veralto by 0.5% during 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 increased its holdings in Veralto by 19.4% during 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 increased its holdings in Veralto by 17.3% during 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. increased its holdings in Veralto by 35.3% during 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. increased its holdings in Veralto by 1.7% during 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 hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

VLTO has been the topic of several analyst reports. Northcoast Research initiated coverage on Veralto in a report on Tuesday, May 6th. They set a "buy" rating and a $110.00 price objective on the stock. Citigroup dropped their price objective on Veralto from $116.00 to $100.00 and set a "neutral" rating on the stock in a report on Monday, April 14th. Robert W. Baird lifted their price objective on Veralto from $105.00 to $106.00 and gave the stock a "neutral" rating in a report on Thursday, May 1st. Stifel Nicolaus lifted their target price on Veralto from $102.00 to $104.00 and gave the stock a "buy" rating in a research report on Thursday, May 1st. Finally, Royal Bank of Canada boosted their price objective on Veralto from $103.00 to $104.00 and gave the company a "sector perform" rating in a research report on Thursday, May 1st. Six equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $110.09.

Veralto Trading Down 0.5%

Shares of Veralto stock traded down $0.51 on Friday, reaching $100.47. 1,065,171 shares of the company were exchanged, compared to its average volume of 1,477,603. Veralto Co. has a fifty-two week low of $83.87 and a fifty-two week high of $115.00. The company has a current ratio of 1.92, a quick ratio of 1.69 and a debt-to-equity ratio of 1.27. The firm has a market capitalization of $24.90 billion, a price-to-earnings ratio of 30.08, a price-to-earnings-growth ratio of 4.24 and a beta of 0.99. The stock has a fifty day moving average price of $94.80 and a 200-day moving average price of $99.58.

Veralto (NYSE:VLTO - Get Free Report) last announced its quarterly earnings results on Tuesday, April 29th. The company reported $0.95 EPS for the quarter, beating the consensus estimate of $0.87 by $0.08. Veralto had a return on equity of 49.29% and a net margin of 16.04%. The business had revenue of $1.33 billion during the quarter, compared to analysts' expectations of $1.28 billion. During the same quarter in the previous year, the business posted $0.84 EPS. The firm's quarterly revenue was up 6.9% compared to the same quarter last year. On average, analysts expect that Veralto Co. 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 paid a dividend of $0.11 per share. The ex-dividend date is Monday, June 30th. This represents a $0.44 annualized dividend and a yield of 0.44%. Veralto's dividend payout ratio is currently 12.57%.

Insider Transactions at Veralto

In other news, SVP Surekha Trivedi sold 590 shares of Veralto stock in a transaction dated Tuesday, February 25th. The stock was sold at an average price of $100.35, for a total transaction of $59,206.50. Following the transaction, the senior vice president now owns 8,470 shares in the company, valued at $849,964.50. The trade was a 6.51% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Jennifer Honeycutt sold 10,414 shares of the business's stock in a transaction on Tuesday, February 25th. The shares were sold at an average price of $100.35, for a total value of $1,045,044.90. Following the completion of the sale, the chief executive officer now owns 104,496 shares of the company's stock, valued at $10,486,173.60. This trade represents a 9.06% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 67,073 shares of company stock worth $6,442,018. Insiders own 0.36% of the company's stock.

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.