Veralto Corporation (NYSE:VLTO) Shares Purchased by Walter Public Investments Inc.

Walter Public Investments Inc. boosted its holdings in shares of Veralto Corporation (NYSE:VLTO - Free Report) by 24.8% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 128,244 shares of the company's stock after acquiring an additional 25,480 shares during the period. Veralto accounts for approximately 2.3% of Walter Public Investments Inc.'s investment portfolio, making the stock its 25th biggest position. Walter Public Investments Inc. owned about 0.05% of Veralto worth $12,497,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Coldstream Capital Management Inc. grew its stake in shares of Veralto by 1.7% in the 4th quarter. Coldstream Capital Management Inc. now owns 6,405 shares of the company's stock valued at $652,000 after buying an additional 110 shares during the period. Cambridge Investment Research Advisors Inc. grew its stake in shares of Veralto by 1.3% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 8,784 shares of the company's stock valued at $856,000 after buying an additional 113 shares during the period. Connor Clark & Lunn Investment Management Ltd. boosted its position in shares of Veralto by 4.1% during the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 2,967 shares of the company's stock worth $302,000 after purchasing an additional 117 shares during the period. Brown Brothers Harriman & Co. boosted its position in shares of Veralto by 3.8% during the 4th quarter. Brown Brothers Harriman & Co. now owns 3,999 shares of the company's stock worth $407,000 after purchasing an additional 148 shares during the period. Finally, Figure 8 Investment Strategies LLC increased its holdings in Veralto by 1.1% in the 1st quarter. Figure 8 Investment Strategies LLC now owns 14,349 shares of the company's stock valued at $1,398,000 after purchasing an additional 150 shares during the last quarter. Hedge funds and other institutional investors own 91.28% of the company's stock.

Insiders Place Their Bets

In other news, SVP Surekha Trivedi sold 848 shares of the firm's stock in a transaction on Monday, June 2nd. The shares were sold at an average price of $100.55, for a total value of $85,266.40. Following the sale, the senior vice president directly owned 8,433 shares in the company, valued at approximately $847,938.15. This trade represents a 9.14% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Mattias Bystrom sold 2,500 shares of Veralto stock in a transaction 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 sale, the senior vice president owned 32,430 shares in the company, valued at $3,241,702.80. This represents a 7.16% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 45,913 shares of company stock worth $4,339,370. 0.36% of the stock is currently owned by insiders.

Veralto Stock Down 0.5%

Veralto stock traded down $0.47 during mid-day trading on Wednesday, reaching $101.86. 300,193 shares of the company's stock were exchanged, compared to its average volume of 1,403,265. The company has a market cap of $25.25 billion, a P/E ratio of 29.11, a P/E/G ratio of 4.11 and a beta of 0.91. Veralto Corporation has a twelve month low of $83.87 and a twelve month high of $115.00. The company has a quick ratio of 1.92, a current ratio of 2.19 and a debt-to-equity ratio of 1.14. The company has a fifty day moving average of $99.60 and a 200-day moving average of $98.46.

Veralto (NYSE:VLTO - Get Free Report) last announced 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 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 analyst estimates of $1.28 billion. During the same period last year, the business earned $0.84 EPS. The company's revenue was up 6.9% on a year-over-year basis. Sell-side analysts expect that Veralto Corporation will post 3.66 EPS for the current year.

Veralto Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 31st. Stockholders of record on Monday, June 30th will be issued 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 dividend yield of 0.43%. Veralto's payout ratio is 12.57%.

Analyst Ratings Changes

VLTO has been the subject of several research reports. Royal Bank Of Canada lifted their target price on shares of Veralto from $103.00 to $104.00 and gave the company a "sector perform" rating in a report on Thursday, May 1st. Citigroup dropped their target price on shares of 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 target price on shares of Veralto from $102.00 to $104.00 and gave the company a "buy" rating in a report on Thursday, May 1st. Robert W. Baird lifted their target price on shares of Veralto from $105.00 to $106.00 and gave the company a "neutral" rating in a report on Thursday, May 1st. Finally, Northcoast Research initiated coverage on shares of Veralto in a report on Tuesday, May 6th. They issued a "buy" rating and a $110.00 target price for the company. Six analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus 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.