Wellington Management Group LLP Has $57.35 Million Holdings in Veralto Co. (NYSE:VLTO)

Wellington Management Group LLP raised its stake in Veralto Co. (NYSE:VLTO - Free Report) by 7.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 563,102 shares of the company's stock after acquiring an additional 39,342 shares during the period. Wellington Management Group LLP owned 0.23% of Veralto worth $57,352,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of VLTO. Bernard Wealth Management Corp. acquired a new stake in shares of Veralto during the fourth quarter worth $25,000. OFI Invest Asset Management purchased a new position in shares of Veralto during the fourth quarter valued at $26,000. BankPlus Trust Department purchased a new position in shares of Veralto during the fourth quarter valued at $29,000. Geneos Wealth Management Inc. purchased a new position in shares of Veralto during the fourth quarter valued at $42,000. Finally, Lee Danner & Bass Inc. purchased a new position in shares of Veralto during the fourth quarter valued at $43,000. 91.28% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other Veralto news, SVP Lesley Beneteau sold 458 shares of Veralto 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 sale, the senior vice president now owns 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 transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, SVP Melissa Aquino sold 31,689 shares of Veralto stock in a transaction dated Thursday, May 1st. The stock was sold at an average price of $93.67, for a total value of $2,968,308.63. Following the transaction, the senior vice president now owns 17,434 shares of the company's stock, valued at $1,633,042.78. The trade was a 64.51% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 56,069 shares of company stock valued at $5,337,767 in the last 90 days. 0.36% of the stock is owned by company insiders.

Veralto Price Performance

NYSE VLTO traded down $0.01 during trading hours on Tuesday, reaching $100.27. 212,094 shares of the company's stock were exchanged, compared to its average volume of 1,447,599. The stock has a market cap of $24.85 billion, a PE ratio of 30.02, a price-to-earnings-growth ratio of 4.24 and a beta of 0.99. The company has a current ratio of 1.92, a quick ratio of 1.69 and a debt-to-equity ratio of 1.27. The firm has a fifty day moving average of $95.12 and a 200-day moving average of $99.45. Veralto Co. has a one year low of $83.87 and a one year high of $115.00.

Veralto (NYSE:VLTO - Get Free Report) last announced its quarterly earnings data on Tuesday, April 29th. The company reported $0.95 EPS for the quarter, beating analysts' consensus estimates of $0.87 by $0.08. The firm had revenue of $1.33 billion for the quarter, compared to analyst estimates of $1.28 billion. Veralto had a return on equity of 49.29% and a net margin of 16.04%. The business's quarterly revenue was up 6.9% compared to the same quarter last year. During the same period last year, the company earned $0.84 EPS. On average, equities research analysts predict that Veralto Co. will post 3.66 earnings per share for the current fiscal year.

Veralto Dividend Announcement

The business also recently declared 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 0.44%. The ex-dividend date is Monday, June 30th. Veralto's dividend payout ratio (DPR) is currently 12.57%.

Wall Street Analysts Forecast Growth

VLTO has been the topic of a number of research analyst reports. Royal Bank of Canada lifted their price target on Veralto from $103.00 to $104.00 and gave the company a "sector perform" rating in a report on Thursday, May 1st. Stifel Nicolaus boosted their target price on Veralto from $102.00 to $104.00 and gave the company a "buy" rating in a research note on Thursday, May 1st. Robert W. Baird boosted their target price on Veralto from $105.00 to $106.00 and gave the company a "neutral" rating in a research note on Thursday, May 1st. Citigroup lowered their target price on Veralto from $116.00 to $100.00 and set a "neutral" rating on the stock in a research note on Monday, April 14th. Finally, Northcoast Research started coverage on Veralto in a research note on Tuesday, May 6th. They set a "buy" rating and a $110.00 price target for the company. Six equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company's stock. According to MarketBeat.com, Veralto presently has a consensus rating of "Hold" and a consensus price target of $110.09.

About Veralto

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.