Veralto Corporation (NYSE:VLTO) Shares Bought by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC boosted its position in shares of Veralto Corporation (NYSE:VLTO - Free Report) by 4.4% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 60,857 shares of the company's stock after acquiring an additional 2,578 shares during the period. Nisa Investment Advisors LLC's holdings in Veralto were worth $5,937,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in VLTO. Trium Capital LLP raised its position in Veralto by 61.9% in the 1st quarter. Trium Capital LLP now owns 9,618 shares of the company's stock valued at $937,000 after purchasing an additional 3,676 shares during the last quarter. Greenleaf Trust raised its position in Veralto by 4.4% in the 1st quarter. Greenleaf Trust now owns 11,915 shares of the company's stock valued at $1,161,000 after purchasing an additional 507 shares during the last quarter. M&T Bank Corp raised its position in Veralto by 2.9% in the 1st quarter. M&T Bank Corp now owns 70,769 shares of the company's stock valued at $6,897,000 after purchasing an additional 1,971 shares during the last quarter. Walter Public Investments Inc. raised its position in Veralto by 24.8% in the 1st quarter. Walter Public Investments Inc. now owns 128,244 shares of the company's stock valued at $12,497,000 after purchasing an additional 25,480 shares during the last quarter. Finally, Ninety One UK Ltd raised its position in Veralto by 20.5% in the 1st quarter. Ninety One UK Ltd now owns 105,444 shares of the company's stock valued at $10,276,000 after purchasing an additional 17,955 shares during the last quarter. Institutional investors and hedge funds own 91.28% of the company's stock.

Analyst Ratings Changes

Several analysts recently commented on the stock. Stifel Nicolaus upped their price target on shares of Veralto from $102.00 to $104.00 and gave the company a "buy" rating in a research report on Thursday, May 1st. Northcoast Research began coverage on shares of Veralto in a research report on Tuesday, May 6th. They set a "buy" rating and a $110.00 price objective for the company. Citigroup cut their price objective 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. Royal Bank Of Canada upped their price objective 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. Finally, Robert W. Baird upped their price objective on shares of Veralto from $105.00 to $106.00 and gave the stock a "neutral" rating in a research report on Thursday, May 1st. Six equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $110.09.

Insider Transactions at Veralto

In related news, SVP Mattias Bystrom sold 2,500 shares of the stock in a transaction dated Monday, May 12th. The shares were sold at an average price of $99.96, for a total value of $249,900.00. Following the sale, the senior vice president directly owned 32,430 shares of the company's stock, valued at approximately $3,241,702.80. This represents a 7.16% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Surekha Trivedi sold 848 shares of the stock in a transaction dated Monday, June 2nd. The shares were sold at an average price of $100.55, for a total transaction of $85,266.40. Following the completion of the sale, the senior vice president directly owned 8,433 shares in the company, valued at approximately $847,938.15. The trade was a 9.14% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 45,913 shares of company stock worth $4,339,370 in the last 90 days. Insiders own 0.36% of the company's stock.

Veralto Stock Performance

NYSE:VLTO opened at $101.89 on Friday. The company has a quick ratio of 1.92, a current ratio of 2.19 and a debt-to-equity ratio of 1.14. Veralto Corporation has a fifty-two week low of $83.87 and a fifty-two week high of $115.00. The stock has a market cap of $25.25 billion, a PE ratio of 29.11, a price-to-earnings-growth ratio of 4.13 and a beta of 0.91. The firm's fifty day simple moving average is $100.04 and its 200-day simple moving average is $98.48.

Veralto (NYSE:VLTO - Get Free Report) last posted its quarterly 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. Veralto had a net margin of 16.56% and a return on equity of 45.63%. The business had revenue of $1.33 billion for the quarter, compared to analysts' expectations of $1.28 billion. During the same period in the prior year, the company posted $0.84 EPS. The business's revenue for the quarter was up 6.9% on a year-over-year basis. Analysts expect that Veralto Corporation will post 3.66 earnings per share for the current fiscal year.

Veralto Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, July 31st. Investors 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 dividend on an annualized basis and a yield of 0.43%. Veralto's payout ratio is 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.

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