Two Sigma Advisers LP Acquires 3,799 Shares of Veralto Co. (NYSE:VLTO)

Two Sigma Advisers LP lifted its holdings in Veralto Co. (NYSE:VLTO - Free Report) by 18.6% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 24,266 shares of the company's stock after purchasing an additional 3,799 shares during the quarter. Two Sigma Advisers LP's holdings in Veralto were worth $2,471,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the business. Vanguard Group Inc. boosted its holdings in shares of Veralto by 0.5% in the 4th quarter. Vanguard Group Inc. now owns 29,347,185 shares of the company's stock valued at $2,989,011,000 after buying an additional 146,234 shares during the last quarter. Amundi boosted its holdings in shares of Veralto by 2.3% in the 4th quarter. Amundi now owns 7,169,702 shares of the company's stock valued at $731,084,000 after buying an additional 158,342 shares during the last quarter. Geode Capital Management LLC boosted its holdings in shares of Veralto by 12.5% in the 4th quarter. Geode Capital Management LLC now owns 6,601,676 shares of the company's stock valued at $670,781,000 after buying an additional 733,056 shares during the last quarter. Pictet Asset Management Holding SA boosted its holdings in shares of Veralto by 1.2% in the 4th quarter. Pictet Asset Management Holding SA now owns 4,764,889 shares of the company's stock valued at $485,304,000 after buying an additional 54,795 shares during the last quarter. Finally, Invesco Ltd. boosted its holdings in shares of Veralto by 9.7% in the 4th quarter. Invesco Ltd. now owns 4,541,367 shares of the company's stock valued at $462,538,000 after buying an additional 401,228 shares during the last quarter. 91.28% of the stock is currently owned by institutional investors and hedge funds.

Veralto Stock Performance

Shares of NYSE VLTO traded up $0.40 during trading on Thursday, reaching $101.16. 1,037,641 shares of the stock traded hands, compared to its average volume of 1,470,216. Veralto Co. has a 52-week low of $83.87 and a 52-week high of $115.00. 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 company has a 50-day moving average of $94.95 and a 200-day moving average of $99.57. The stock has a market capitalization of $25.07 billion, a P/E ratio of 30.29, a price-to-earnings-growth ratio of 4.24 and a beta of 0.99.

Veralto (NYSE:VLTO - Get Free Report) last announced its earnings results on Tuesday, April 29th. The company reported $0.95 earnings per share for the quarter, topping analysts' consensus estimates of $0.87 by $0.08. The business had revenue of $1.33 billion for 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 quarterly revenue was up 6.9% compared to the same quarter last year. During the same period in the prior year, the company earned $0.84 EPS. Analysts forecast that Veralto Co. will post 3.66 EPS for the current fiscal year.

Veralto Announces Dividend

The company 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. The ex-dividend date of this dividend is Monday, June 30th. This represents a $0.44 annualized dividend and a dividend yield of 0.43%. Veralto's dividend payout ratio (DPR) is presently 12.57%.

Insider Activity

In related news, SVP Surekha Trivedi sold 590 shares of the firm's stock in a transaction that occurred on Tuesday, April 1st. The stock was sold at an average price of $97.05, for a total transaction of $57,259.50. Following the transaction, the senior vice president now directly owns 10,011 shares in the company, valued at $971,567.55. This trade represents a 5.57% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Jennifer Honeycutt sold 10,414 shares of the firm's stock in a transaction that occurred on Monday, March 24th. The stock was sold at an average price of $98.56, for a total value of $1,026,403.84. Following the transaction, the chief executive officer now owns 116,637 shares in the company, valued at approximately $11,495,742.72. The trade was a 8.20% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 56,069 shares of company stock worth $5,337,767. 0.36% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the company. Royal Bank of Canada increased their price target on Veralto from $103.00 to $104.00 and gave the company a "sector perform" rating in a research note on Thursday, May 1st. Robert W. Baird increased their price target on Veralto from $105.00 to $106.00 and gave the company a "neutral" rating in a research note on Thursday, May 1st. Stifel Nicolaus increased 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. Citigroup lowered their price objective on Veralto from $116.00 to $100.00 and set a "neutral" rating on the stock in a research report on Monday, April 14th. Finally, Northcoast Research assumed coverage on Veralto in a research report on Tuesday, May 6th. They set a "buy" rating and a $110.00 price objective on the stock. Six equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $110.09.

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.