SG Americas Securities LLC Purchases 22,449 Shares of Veralto Co. (NYSE:VLTO)

SG Americas Securities LLC increased its holdings in shares of Veralto Co. (NYSE:VLTO - Free Report) by 77.1% in the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 51,553 shares of the company's stock after purchasing an additional 22,449 shares during the quarter. SG Americas Securities LLC's holdings in Veralto were worth $5,024,000 as of its most recent filing with the SEC.

Other large investors have also bought and sold shares of the company. Savant Capital LLC raised 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 raised its stake in Veralto by 19.4% during the fourth quarter. Allworth Financial LP now owns 622 shares of the company's stock worth $64,000 after buying an additional 101 shares during the last quarter. Quent Capital LLC raised its stake in Veralto by 17.3% during the fourth quarter. Quent Capital LLC now owns 699 shares of the company's stock worth $71,000 after buying an additional 103 shares during the last quarter. Coldstream Capital Management Inc. raised its stake in Veralto by 1.7% during the fourth quarter. Coldstream Capital Management Inc. now owns 6,405 shares of the company's stock worth $652,000 after buying an additional 110 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. raised its stake in Veralto by 4.1% during the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 2,967 shares of the company's stock worth $302,000 after buying an additional 117 shares during the last quarter. 91.28% of the stock is owned by institutional investors.

Veralto Stock Up 0.3%

Shares of NYSE:VLTO traded up $0.30 during midday trading on Monday, hitting $97.62. 841,128 shares of the company's stock were exchanged, compared to its average volume of 1,446,314. The company has a debt-to-equity ratio of 1.27, a current ratio of 1.92 and a quick ratio of 1.69. The stock has a 50 day moving average price of $96.36 and a 200-day moving average price of $98.93. The company has a market cap of $24.20 billion, a PE ratio of 29.23, a price-to-earnings-growth ratio of 4.24 and a beta of 0.97. Veralto Co. has a 12 month low of $83.87 and a 12 month high of $115.00.

Veralto (NYSE:VLTO - Get Free Report) last issued its quarterly earnings data on Tuesday, April 29th. The company reported $0.95 EPS for the quarter, topping analysts' consensus estimates of $0.87 by $0.08. The firm had revenue of $1.33 billion during the quarter, compared to analyst estimates of $1.28 billion. Veralto had a return on equity of 49.29% and a net margin of 16.04%. The company's revenue for the quarter was up 6.9% on a year-over-year basis. During the same period in the previous year, the company posted $0.84 EPS. On average, sell-side analysts anticipate that Veralto Co. will post 3.66 EPS for the current fiscal year.

Veralto Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, July 31st. Stockholders of record on Monday, June 30th will be paid a $0.11 dividend. The ex-dividend date is Monday, June 30th. This represents a $0.44 annualized dividend and a dividend yield of 0.45%. Veralto's payout ratio is 12.57%.

Insider Transactions at Veralto

In other Veralto news, CEO Jennifer Honeycutt sold 10,418 shares of the stock in a transaction on Wednesday, April 30th. The stock was sold at an average price of $95.00, for a total transaction of $989,710.00. Following the completion of the transaction, the chief executive officer now directly owns 106,219 shares of the company's stock, valued at approximately $10,090,805. This represents a 8.93% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 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 transaction, the senior vice president now owns 8,433 shares of the company's stock, valued at $847,938.15. This represents a 9.14% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 56,917 shares of company stock worth $5,423,033 in the last quarter. 0.36% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on VLTO. Northcoast Research began coverage on Veralto in a research report on Tuesday, May 6th. They issued a "buy" rating and a $110.00 price objective for the company. Stifel Nicolaus lifted their target price on Veralto from $102.00 to $104.00 and gave the stock a "buy" rating in a report on Thursday, May 1st. Robert W. Baird lifted their target price on Veralto from $105.00 to $106.00 and gave the stock a "neutral" rating in a report on Thursday, May 1st. Royal Bank of Canada lifted their target price on Veralto from $103.00 to $104.00 and gave the stock a "sector perform" rating in a report on Thursday, May 1st. Finally, Citigroup lowered their price objective on shares of Veralto from $116.00 to $100.00 and set a "neutral" rating for the company in a research note on Monday, April 14th. Six investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $110.09.

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.