Veralto Corporation (NYSE:VLTO) Position Increased by Trium Capital LLP

Trium Capital LLP boosted its holdings in shares of Veralto Corporation (NYSE:VLTO - Free Report) by 61.9% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 9,618 shares of the company's stock after buying an additional 3,676 shares during the quarter. Veralto comprises 0.1% of Trium Capital LLP's portfolio, making the stock its 29th biggest holding. Trium Capital LLP's holdings in Veralto were worth $937,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the business. Vanguard Group Inc. increased its position in Veralto by 0.5% during the fourth quarter. Vanguard Group Inc. now owns 29,347,185 shares of the company's stock worth $2,989,011,000 after buying an additional 146,234 shares during the last quarter. Geode Capital Management LLC increased its position in Veralto by 12.5% during the fourth quarter. Geode Capital Management LLC now owns 6,601,676 shares of the company's stock worth $670,781,000 after buying an additional 733,056 shares during the last quarter. Pictet Asset Management Holding SA increased its position in Veralto by 1.2% during the fourth quarter. Pictet Asset Management Holding SA now owns 4,764,889 shares of the company's stock worth $485,304,000 after buying an additional 54,795 shares during the last quarter. Invesco Ltd. increased its position in Veralto by 9.7% during the fourth quarter. Invesco Ltd. now owns 4,541,367 shares of the company's stock worth $462,538,000 after buying an additional 401,228 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its position in Veralto by 13.6% during the first quarter. Bank of New York Mellon Corp now owns 4,259,348 shares of the company's stock worth $415,074,000 after buying an additional 509,104 shares during the last quarter. 91.28% of the stock is owned by institutional investors and hedge funds.

Veralto Stock Down 0.4%

NYSE VLTO opened at $102.34 on Wednesday. The company has a current ratio of 2.19, a quick ratio of 1.92 and a debt-to-equity ratio of 1.14. The stock's 50 day moving average is $99.60 and its two-hundred day moving average is $98.46. The company has a market capitalization of $25.37 billion, a price-to-earnings ratio of 29.24, a PEG ratio of 4.11 and a beta of 0.91. Veralto Corporation has a 1-year low of $83.87 and a 1-year high of $115.00.

Veralto (NYSE:VLTO - Get Free Report) last released 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 return on equity of 45.63% and a net margin of 16.56%. The company had revenue of $1.33 billion for the quarter, compared to the consensus estimate of $1.28 billion. During the same period in the previous year, the business earned $0.84 earnings per share. The company's quarterly revenue was up 6.9% on a year-over-year basis. Equities analysts forecast that Veralto Corporation 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. This represents a $0.44 dividend on an annualized basis and a dividend yield of 0.43%. The ex-dividend date is Monday, June 30th. Veralto's dividend payout ratio (DPR) is currently 12.57%.

Insider Buying and Selling

In other news, SVP Melissa Aquino sold 31,689 shares of Veralto stock in a transaction that occurred 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 completion of the transaction, the senior vice president owned 17,434 shares in the company, valued at approximately $1,633,042.78. The trade was a 64.51% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP Lesley Beneteau sold 458 shares of Veralto stock in a transaction that occurred on Thursday, May 15th. The shares were sold at an average price of $100.84, for a total transaction of $46,184.72. Following the completion of the transaction, the senior vice president owned 13,571 shares of the company's stock, valued at $1,368,499.64. This trade represents a 3.26% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 45,913 shares of company stock valued at $4,339,370 in the last ninety days. 0.36% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on VLTO shares. Robert W. Baird raised their price target on Veralto from $105.00 to $106.00 and gave the company a "neutral" rating in a research report on Thursday, May 1st. Royal Bank Of Canada raised their price target on 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 started coverage on Veralto in a research report on Tuesday, May 6th. They issued a "buy" rating and a $110.00 price target on the stock. Stifel Nicolaus raised their price target on Veralto from $102.00 to $104.00 and gave the company a "buy" rating in a research report on Thursday, May 1st. Finally, Citigroup lowered their price target on Veralto from $116.00 to $100.00 and set a "neutral" rating on the stock in a research report on Monday, April 14th. Six research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Hold" and an average price target 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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