Veralto Corporation (NYSE:VLTO) Holdings Decreased by Loring Wolcott & Coolidge Fiduciary Advisors LLP MA

Loring Wolcott & Coolidge Fiduciary Advisors LLP MA reduced its position in shares of Veralto Corporation (NYSE:VLTO - Free Report) by 6.9% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 489,557 shares of the company's stock after selling 36,461 shares during the period. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA owned about 0.20% of Veralto worth $44,329,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Park Avenue Securities LLC grew its holdings in shares of Veralto by 11.5% during the first quarter. Park Avenue Securities LLC now owns 19,213 shares of the company's stock valued at $1,872,000 after purchasing an additional 1,985 shares during the last quarter. Assenagon Asset Management S.A. boosted its position in Veralto by 3.0% during the 1st quarter. Assenagon Asset Management S.A. now owns 14,544 shares of the company's stock valued at $1,417,000 after purchasing an additional 429 shares during the period. Farther Finance Advisors LLC grew its stake in Veralto by 12.8% during the 1st quarter. Farther Finance Advisors LLC now owns 2,938 shares of the company's stock worth $287,000 after buying an additional 333 shares during the last quarter. Elo Mutual Pension Insurance Co grew its stake in Veralto by 15.5% during the 4th quarter. Elo Mutual Pension Insurance Co now owns 25,236 shares of the company's stock worth $2,570,000 after buying an additional 3,392 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. increased its position in Veralto by 4.1% in 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 period. 91.28% of the stock is currently owned by institutional investors.

Veralto Price Performance

Shares of NYSE:VLTO opened at $101.31 on Friday. The stock has a market cap of $25.11 billion, a price-to-earnings ratio of 28.94, a PEG ratio of 4.31 and a beta of 0.97. The company has a debt-to-equity ratio of 1.14, a current ratio of 2.19 and a quick ratio of 1.92. Veralto Corporation has a 12 month low of $83.87 and a 12 month high of $115.00. The stock's 50 day moving average price is $97.71 and its 200 day moving average price is $98.58.

Veralto (NYSE:VLTO - Get Free Report) last issued its quarterly earnings results on Tuesday, April 29th. The company reported $0.95 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.87 by $0.08. The company had revenue of $1.33 billion for the quarter, compared to analysts' expectations of $1.28 billion. Veralto had a return on equity of 45.63% and a net margin of 16.56%. The firm's revenue for the quarter was up 6.9% on a year-over-year basis. During the same period last year, the firm earned $0.84 EPS. Equities research analysts anticipate that Veralto Corporation will post 3.66 earnings per share for the current fiscal year.

Veralto Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 31st. Shareholders of record on Monday, June 30th will be issued a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a yield of 0.43%. The ex-dividend date of this dividend is Monday, June 30th. Veralto's payout ratio is 12.57%.

Insider Buying and Selling at Veralto

In other Veralto news, CEO Jennifer Honeycutt sold 10,418 shares of the company's stock in a transaction on Wednesday, April 30th. The stock was sold at an average price of $95.00, for a total value of $989,710.00. Following the transaction, the chief executive officer now 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Melissa Aquino sold 31,689 shares of the stock in a transaction on Thursday, May 1st. The shares were sold at an average price of $93.67, for a total value of $2,968,308.63. Following the sale, the senior vice president now owns 17,434 shares of the company's stock, valued at $1,633,042.78. This trade represents a 64.51% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 46,503 shares of company stock valued at $4,396,629. 0.36% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

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

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