Veralto Co. (NYSE:VLTO) Shares Bought by Toronto Dominion Bank

Toronto Dominion Bank boosted its stake in shares of Veralto Co. (NYSE:VLTO - Free Report) by 223.9% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 400,225 shares of the company's stock after buying an additional 276,666 shares during the period. Toronto Dominion Bank owned 0.16% of Veralto worth $40,762,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in Veralto by 12.6% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,610,965 shares of the company's stock valued at $265,927,000 after purchasing an additional 291,472 shares during the last quarter. Williams Jones Wealth Management LLC. raised its position in shares of Veralto by 32.8% during the 4th quarter. Williams Jones Wealth Management LLC. now owns 123,502 shares of the company's stock valued at $12,579,000 after buying an additional 30,499 shares during the period. Woodline Partners LP purchased a new stake in shares of Veralto during the 4th quarter valued at approximately $700,000. Vident Advisory LLC lifted its holdings in Veralto by 174.1% in the fourth quarter. Vident Advisory LLC now owns 9,644 shares of the company's stock valued at $982,000 after acquiring an additional 6,125 shares during the last quarter. Finally, Sone Capital Management LLC purchased a new position in Veralto in the fourth quarter worth approximately $10,093,000. Institutional investors and hedge funds own 91.28% of the company's stock.

Insider Transactions at Veralto

In other news, SVP Melissa Aquino sold 31,689 shares of the business's stock in a transaction dated Thursday, May 1st. The stock was sold at an average price of $93.67, for a total transaction of $2,968,308.63. Following the completion of the transaction, the senior vice president now directly owns 17,434 shares of the company's stock, valued at approximately $1,633,042.78. The trade was a 64.51% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Jennifer Honeycutt sold 10,418 shares of the firm's stock in a transaction that occurred on Wednesday, April 30th. The shares were sold at an average price of $95.00, for a total transaction of $989,710.00. Following the completion of the sale, the chief executive officer now directly owns 106,219 shares in the company, valued at approximately $10,090,805. This trade represents a 8.93% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 56,069 shares of company stock valued at $5,337,767. 0.36% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

VLTO has been the topic of a number of research analyst reports. Robert W. Baird lifted their target price on Veralto from $105.00 to $106.00 and gave the company a "neutral" rating in a research report on Thursday, May 1st. Stifel Nicolaus raised their price objective on Veralto from $102.00 to $104.00 and gave the stock a "buy" rating in a research report on Thursday, May 1st. Royal Bank of Canada upped their target price on shares of Veralto from $103.00 to $104.00 and gave the company a "sector perform" rating in a research report 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 target price for the company. Finally, Citigroup dropped their price target 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. Six research analysts have rated the stock with a hold rating and five have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $110.09.

Veralto Trading Down 0.8%

NYSE VLTO traded down $0.78 during trading on Wednesday, hitting $100.71. The stock had a trading volume of 882,204 shares, compared to its average volume of 1,472,520. 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 has a market capitalization of $24.96 billion, a PE ratio of 30.15, a PEG ratio of 4.24 and a beta of 0.99. The firm has a 50 day moving average price of $94.89 and a 200 day moving average price of $99.56. Veralto Co. has a twelve month low of $83.87 and a twelve month high of $115.00.

Veralto (NYSE:VLTO - Get Free Report) last announced its quarterly earnings data on Tuesday, April 29th. The company reported $0.95 earnings per share for the quarter, beating analysts' consensus estimates of $0.87 by $0.08. Veralto had a net margin of 16.04% and a return on equity of 49.29%. The firm 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 earnings per share. The business's quarterly revenue was up 6.9% compared to the same quarter last year. As a group, equities research analysts forecast that Veralto Co. will post 3.66 earnings per share for the current year.

Veralto Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 31st. Stockholders of record on Monday, June 30th will be given a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a dividend yield of 0.44%. The ex-dividend date is Monday, June 30th. Veralto's dividend payout ratio is currently 12.57%.

Veralto Company 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.