TD Asset Management Inc Has $35.84 Million Holdings in Veralto Corporation (NYSE:VLTO)

Key Points

• TD Asset Management Inc increased its ownership of Veralto Corporation by 7.2%, acquiring an additional 24,616 shares, bringing its total holdings to approximately 367,815 shares valued at $35.84 million.
• Veralto reported a quarterly EPS of $0.93, beating expectations, with revenues of $1.37 billion for the quarter, marking a year-over-year increase of 6.4%.
• The company declared a quarterly dividend of $0.11 per share, resulting in an annualized dividend yield of 0.42%, with a low payout ratio of 12.57%.

TD Asset Management Inc increased its stake in shares of Veralto Corporation (NYSE:VLTO - Free Report) by 7.2% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 367,815 shares of the company's stock after buying an additional 24,616 shares during the period. TD Asset Management Inc owned 0.15% of Veralto worth $35,844,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of VLTO. Bernard Wealth Management Corp. bought a new stake in shares of Veralto during the 4th quarter worth about $25,000. Opal Wealth Advisors LLC bought a new stake in Veralto in the 1st quarter valued at about $45,000. Grove Bank & Trust boosted its holdings in Veralto by 198.2% in the 1st quarter. Grove Bank & Trust now owns 510 shares of the company's stock valued at $50,000 after purchasing an additional 339 shares during the period. Global Financial Private Client LLC boosted its holdings in Veralto by 95.1% in the 1st quarter. Global Financial Private Client LLC now owns 593 shares of the company's stock valued at $58,000 after purchasing an additional 289 shares during the period. Finally, Putney Financial Group LLC bought a new stake in Veralto in the 4th quarter valued at about $60,000. Institutional investors own 91.28% of the company's stock.

Insider Buying and Selling at Veralto

In other Veralto news, SVP Mattias Bystrom sold 2,500 shares of the company's stock in a transaction that occurred 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 completion of the transaction, the senior vice president directly owned 32,430 shares in the company, valued at approximately $3,241,702.80. This represents a 7.16% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP Surekha Trivedi sold 848 shares of the company's stock in a transaction that occurred on Monday, June 2nd. The shares were 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 owned 8,433 shares of the company's stock, valued at approximately $847,938.15. This trade represents a 9.14% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 3,806 shares of company stock worth $381,351. 0.36% of the stock is currently owned by company insiders.

Veralto Price Performance

NYSE:VLTO traded down $0.93 on Friday, hitting $103.90. The company had a trading volume of 459,518 shares, compared to its average volume of 1,400,623. The stock has a market capitalization of $25.78 billion, a price-to-earnings ratio of 29.03, a PEG ratio of 4.12 and a beta of 0.91. The company has a current ratio of 2.32, a quick ratio of 1.92 and a debt-to-equity ratio of 1.00. The firm has a 50 day moving average of $101.07 and a two-hundred day moving average of $98.59. Veralto Corporation has a 52 week low of $83.86 and a 52 week high of $115.00.

Veralto (NYSE:VLTO - Get Free Report) last issued its quarterly earnings data on Monday, July 28th. The company reported $0.93 EPS for the quarter, beating the consensus estimate of $0.89 by $0.04. The business had revenue of $1.37 billion during the quarter, compared to the consensus estimate of $1.34 billion. Veralto had a net margin of 16.65% and a return on equity of 41.45%. The firm's revenue was up 6.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.85 EPS. On average, research analysts anticipate that Veralto Corporation will post 3.66 earnings per share for the current year.

Veralto Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, July 31st. Shareholders of record on Monday, June 30th were given a $0.11 dividend. This represents a $0.44 annualized dividend and a yield of 0.4%. The ex-dividend date was Monday, June 30th. Veralto's dividend payout ratio is 12.29%.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the stock. Northcoast Research assumed coverage on shares of Veralto in a report on Tuesday, May 6th. They issued a "buy" rating and a $110.00 price objective for the company. Wolfe Research raised shares of Veralto from a "hold" rating to a "strong-buy" rating in a report on Wednesday. Citigroup decreased their price objective on shares of Veralto from $116.00 to $100.00 and set a "neutral" rating on the stock in a research note on Monday, April 14th. Royal Bank Of Canada boosted their price objective on shares of Veralto from $104.00 to $108.00 and gave the company a "sector perform" rating in a research report on Wednesday. Finally, Robert W. Baird boosted their price objective on shares of Veralto from $106.00 to $112.00 and gave the company a "neutral" rating in a research report on Wednesday. Four analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Veralto has a consensus rating of "Moderate Buy" and a consensus price target of $114.00.

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.