Vident Advisory LLC Buys 6,125 Shares of Veralto Co. (NYSE:VLTO)

Vident Advisory LLC raised its position in Veralto Co. (NYSE:VLTO - Free Report) by 174.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 9,644 shares of the company's stock after buying an additional 6,125 shares during the quarter. Vident Advisory LLC's holdings in Veralto were worth $982,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the company. Barclays PLC boosted its position in shares of Veralto by 43.8% during the 3rd quarter. Barclays PLC now owns 729,081 shares of the company's stock worth $81,556,000 after acquiring an additional 222,076 shares in the last quarter. JPMorgan Chase & Co. boosted its holdings in shares of Veralto by 14.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 2,448,648 shares of the company's stock valued at $273,906,000 after purchasing an additional 314,412 shares in the last quarter. Merit Financial Group LLC boosted its holdings in shares of Veralto by 66.8% in the 4th quarter. Merit Financial Group LLC now owns 3,557 shares of the company's stock valued at $362,000 after purchasing an additional 1,425 shares in the last quarter. Nisa Investment Advisors LLC increased its stake in shares of Veralto by 1.2% in the 4th quarter. Nisa Investment Advisors LLC now owns 58,279 shares of the company's stock valued at $5,942,000 after purchasing an additional 713 shares during the last quarter. Finally, SG Americas Securities LLC raised its holdings in shares of Veralto by 501.8% during the 4th quarter. SG Americas Securities LLC now owns 29,104 shares of the company's stock worth $2,964,000 after buying an additional 24,268 shares in the last quarter. 91.28% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several analysts recently weighed in on VLTO shares. Robert W. Baird raised their price objective on Veralto from $105.00 to $106.00 and gave the company a "neutral" rating in a research note on Thursday, May 1st. Northcoast Research initiated coverage on shares of Veralto in a research note on Tuesday, May 6th. They issued a "buy" rating and a $110.00 price target on the stock. Citigroup decreased their price target on shares of Veralto from $116.00 to $100.00 and set a "neutral" rating on the stock in a report on Monday, April 14th. Stifel Nicolaus increased their price objective on shares of Veralto from $102.00 to $104.00 and gave the company a "buy" rating in a research note on Thursday, May 1st. Finally, Royal Bank of Canada raised 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. Six 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 has a consensus rating of "Hold" and a consensus target price of $110.09.

Insider Buying and Selling

In other news, SVP Lesley Beneteau sold 458 shares of the company's stock in a transaction that occurred on Thursday, May 15th. The stock was sold at an average price of $100.84, for a total transaction of $46,184.72. Following the transaction, the senior vice president now directly owns 13,571 shares of the company's stock, valued at $1,368,499.64. This represents a 3.26% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, SVP Surekha Trivedi sold 590 shares of the stock in a transaction on Tuesday, April 1st. The stock was sold at an average price of $97.05, for a total value of $57,259.50. Following the completion of the transaction, the senior vice president now owns 10,011 shares in the company, valued at approximately $971,567.55. This represents a 5.57% 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 valued at $5,337,767. 0.36% of the stock is owned by company insiders.

Veralto Trading Down 0.8%

NYSE VLTO traded down $0.78 on Wednesday, hitting $100.71. The company's stock had a trading volume of 882,204 shares, compared to its average volume of 1,474,870. The company's 50-day moving average is $94.89 and its 200 day moving average is $99.56. The firm has a market cap of $24.96 billion, a PE ratio of 30.15, a PEG ratio of 4.24 and a beta of 0.99. Veralto Co. has a 1-year low of $83.87 and a 1-year high of $115.00. The company has a quick ratio of 1.69, a current ratio of 1.92 and a debt-to-equity ratio of 1.27.

Veralto (NYSE:VLTO - Get Free Report) last issued its quarterly earnings results on Tuesday, April 29th. The company reported $0.95 earnings per share 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 company had revenue of $1.33 billion during the quarter, compared to analysts' expectations of $1.28 billion. During the same quarter in the prior year, the firm posted $0.84 earnings per share. The business's quarterly revenue was up 6.9% on a year-over-year basis. As a group, analysts predict that Veralto Co. will post 3.66 earnings per share 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 of this dividend is Monday, June 30th. This represents a $0.44 annualized dividend and a dividend yield of 0.44%. Veralto's dividend payout ratio is presently 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.