MUFG Securities EMEA plc Has $7.70 Million Stock Holdings in Veralto Corporation (NYSE:VLTO)

Key Points

• MUFG Securities EMEA plc reduced its holdings in Veralto Corporation (NYSE:VLTO) by 10.2% in the 1st quarter, owning 79,000 shares valued at approximately $7.7 million after selling 8,999 shares.
• Veralto reported $1.37 billion in revenue for the last quarter, exceeding analysts' expectations, with an earnings per share of $0.93, beating the consensus estimate of $0.89.
• The company announced a quarterly dividend of $0.11 per share, with a low payout ratio of 12.29%, reflecting its earnings stability.

MUFG Securities EMEA plc cut its stake in shares of Veralto Corporation (NYSE:VLTO - Free Report) by 10.2% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 79,000 shares of the company's stock after selling 8,999 shares during the quarter. MUFG Securities EMEA plc's holdings in Veralto were worth $7,699,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in VLTO. Park Avenue Securities LLC lifted its position in shares of Veralto by 11.5% during the 1st quarter. Park Avenue Securities LLC now owns 19,213 shares of the company's stock valued at $1,872,000 after acquiring an additional 1,985 shares during the last quarter. Cambridge Investment Research Advisors Inc. lifted its position in shares of Veralto by 1.3% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 8,784 shares of the company's stock valued at $856,000 after acquiring an additional 113 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its position in shares of Veralto by 9.4% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 26,833 shares of the company's stock valued at $2,619,000 after acquiring an additional 2,313 shares during the last quarter. Assenagon Asset Management S.A. lifted its position in shares of 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 acquiring an additional 429 shares during the last quarter. Finally, Farther Finance Advisors LLC lifted its position in shares of Veralto by 12.8% during the 1st quarter. Farther Finance Advisors LLC now owns 2,938 shares of the company's stock valued at $287,000 after acquiring an additional 333 shares during the last quarter. 91.28% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Veralto news, SVP Surekha Trivedi sold 848 shares of the stock in a transaction dated Monday, June 2nd. The stock was sold at an average price of $100.55, for a total transaction of $85,266.40. Following the completion of the transaction, the senior vice president owned 8,433 shares in the company, valued at approximately $847,938.15. This represents a 9.14% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Lesley Beneteau sold 458 shares of the stock in a transaction dated Thursday, May 15th. The stock was sold at an average price of $100.84, for a total value of $46,184.72. Following the transaction, the senior vice president owned 13,571 shares of the company's stock, valued at approximately $1,368,499.64. This trade represents a 3.26% decrease in their position. The disclosure for this sale can be found here. 0.36% of the stock is owned by corporate insiders.

Veralto Trading Up 0.3%

Shares of Veralto stock traded up $0.36 on Wednesday, hitting $109.17. 709,004 shares of the company's stock traded hands, compared to its average volume of 1,383,964. The firm's 50-day moving average price is $102.09 and its two-hundred day moving average price is $98.80. The stock has a market capitalization of $27.09 billion, a PE ratio of 30.51, a price-to-earnings-growth ratio of 3.53 and a beta of 0.91. Veralto Corporation has a one year low of $83.86 and a one year high of $115.00. The company has a debt-to-equity ratio of 1.00, a current ratio of 2.32 and a quick ratio of 2.06.

Veralto (NYSE:VLTO - Get Free Report) last released its quarterly earnings data on Monday, July 28th. The company reported $0.93 EPS for the quarter, beating analysts' consensus estimates of $0.89 by $0.04. Veralto had a net margin of 16.65% and a return on equity of 41.45%. The business had revenue of $1.37 billion during the quarter, compared to analysts' expectations of $1.34 billion. During the same quarter in the prior year, the company earned $0.85 EPS. The firm's quarterly revenue was up 6.4% on a year-over-year basis. On average, research analysts expect that Veralto Corporation will post 3.66 EPS for the current fiscal year.

Veralto Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, July 31st. Investors of record on Monday, June 30th were given a $0.11 dividend. The ex-dividend date was Monday, June 30th. This represents a $0.44 dividend on an annualized basis and a dividend yield of 0.4%. Veralto's dividend payout ratio is currently 12.29%.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on VLTO shares. Robert W. Baird increased their target price on Veralto from $106.00 to $112.00 and gave the company a "neutral" rating in a report on Wednesday, July 30th. Royal Bank Of Canada increased their price objective on Veralto from $104.00 to $108.00 and gave the stock a "sector perform" rating in a report on Wednesday, July 30th. Wolfe Research upgraded Veralto from a "hold" rating to a "strong-buy" rating in a report on Wednesday, July 30th. Northcoast Research initiated coverage on Veralto in a report on Tuesday, May 6th. They set a "buy" rating and a $110.00 price objective for the company. Finally, Stifel Nicolaus set a $120.00 price objective on Veralto and gave the stock a "buy" rating in a report on Wednesday, July 30th. Four investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $114.00.

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.