LBP AM SA trimmed its stake in shares of Veralto Corporation (NYSE:VLTO - Free Report) by 3.8% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 149,372 shares of the company's stock after selling 5,897 shares during the quarter. LBP AM SA owned 0.06% of Veralto worth $14,556,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Park Avenue Securities LLC lifted its holdings in Veralto by 11.5% during the 1st quarter. Park Avenue Securities LLC now owns 19,213 shares of the company's stock worth $1,872,000 after buying an additional 1,985 shares during the last quarter. Cambridge Investment Research Advisors Inc. lifted its holdings in Veralto by 1.3% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 8,784 shares of the company's stock worth $856,000 after buying an additional 113 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its holdings in Veralto by 9.4% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 26,833 shares of the company's stock worth $2,619,000 after buying an additional 2,313 shares during the last quarter. Assenagon Asset Management S.A. lifted its holdings in Veralto by 3.0% during the 1st quarter. Assenagon Asset Management S.A. now owns 14,544 shares of the company's stock worth $1,417,000 after buying an additional 429 shares during the last quarter. Finally, Farther Finance Advisors LLC lifted its holdings 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. 91.28% of the stock is owned by institutional investors and hedge funds.
Veralto Stock Performance
Shares of VLTO traded down $1.24 during midday trading on Friday, reaching $101.89. 734,595 shares of the stock were exchanged, compared to its average volume of 1,402,686. The business's 50-day moving average price is $100.04 and its 200 day moving average price is $98.48. 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 twelve month low of $83.87 and a twelve month high of $115.00. The company has a market capitalization of $25.25 billion, a price-to-earnings ratio of 29.11, a PEG ratio of 4.13 and a beta of 0.91.
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 firm 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 quarter in the previous year, the firm posted $0.84 EPS. On average, sell-side analysts expect that Veralto Corporation will post 3.66 EPS for the current fiscal year.
Veralto Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Thursday, July 31st. Investors of record on Monday, June 30th will be given a $0.11 dividend. This represents a $0.44 annualized dividend and a yield of 0.43%. The ex-dividend date of this dividend is Monday, June 30th. Veralto's dividend payout ratio (DPR) is presently 12.57%.
Insider Activity at Veralto
In other Veralto news, SVP Mattias Bystrom sold 2,500 shares of the business's stock in a transaction that occurred on Monday, May 12th. The stock was sold at an average price of $99.96, for a total transaction of $249,900.00. Following the transaction, the senior vice president owned 32,430 shares in the company, valued at approximately $3,241,702.80. The trade was a 7.16% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Jennifer Honeycutt sold 10,418 shares of the business's stock in a transaction that occurred 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 owned 106,219 shares in the company, valued at $10,090,805. The trade was a 8.93% 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 worth $4,339,370 in the last three months. 0.36% of the stock is currently owned by corporate insiders.
Wall Street Analysts Forecast Growth
A number of analysts have issued reports on the company. Northcoast Research assumed coverage on Veralto in a report on Tuesday, May 6th. They set a "buy" rating and a $110.00 price target for the company. Citigroup decreased their price target on Veralto from $116.00 to $100.00 and set a "neutral" rating for the company in a report on Monday, April 14th. Stifel Nicolaus lifted their price target on Veralto from $102.00 to $104.00 and gave the stock a "buy" rating in a report on Thursday, May 1st. Royal Bank Of Canada lifted their price target on Veralto from $103.00 to $104.00 and gave the stock a "sector perform" rating in a report on Thursday, May 1st. Finally, Robert W. Baird lifted their target price on Veralto from $105.00 to $106.00 and gave the stock a "neutral" 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 stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $110.09.
Read Our Latest Research Report on VLTO
About Veralto
(
Free Report)
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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