Yousif Capital Management LLC Acquires 7,992 Shares of Veralto Co. (NYSE:VLTO)

Yousif Capital Management LLC raised its holdings in Veralto Co. (NYSE:VLTO - Free Report) by 26.9% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 37,754 shares of the company's stock after buying an additional 7,992 shares during the quarter. Yousif Capital Management LLC's holdings in Veralto were worth $3,679,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Bernard Wealth Management Corp. bought a new position in shares of Veralto in the fourth quarter valued at approximately $25,000. OFI Invest Asset Management bought a new position in shares of Veralto in the 4th quarter worth $26,000. BankPlus Trust Department acquired a new position in shares of Veralto during the 4th quarter worth about $29,000. Lee Danner & Bass Inc. acquired a new position in Veralto during the fourth quarter valued at approximately $43,000. Finally, Murphy & Mullick Capital Management Corp acquired a new position in shares of Veralto in the 4th quarter valued at $44,000. Institutional investors own 91.28% of the company's stock.

Analysts Set New Price Targets

VLTO has been the topic of several research analyst reports. Royal Bank of Canada raised their target price on shares of Veralto from $103.00 to $104.00 and gave the stock a "sector perform" rating in a report on Thursday, May 1st. Citigroup dropped their price target on shares of Veralto from $116.00 to $100.00 and set a "neutral" rating on the stock in a research report on Monday, April 14th. Northcoast Research initiated coverage on Veralto in a research report on Tuesday, May 6th. They issued a "buy" rating and a $110.00 price objective for the company. Robert W. Baird upped their price target on shares of Veralto from $105.00 to $106.00 and gave the company a "neutral" rating in a research note on Thursday, May 1st. Finally, Stifel Nicolaus increased their price objective on Veralto from $102.00 to $104.00 and gave the stock a "buy" rating in a research report on Thursday, May 1st. Six analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Hold" and an average price target of $110.09.

Veralto Price Performance

VLTO traded down $1.55 during trading on Friday, hitting $97.20. 825,458 shares of the stock traded hands, compared to its average volume of 1,443,682. Veralto Co. has a twelve month low of $83.87 and a twelve month high of $115.00. The business has a 50 day moving average price of $95.88 and a 200 day moving average price of $99.20. The company has a debt-to-equity ratio of 1.27, a current ratio of 1.92 and a quick ratio of 1.69. The company has a market cap of $24.09 billion, a price-to-earnings ratio of 29.10, a PEG ratio of 4.24 and a beta of 0.97.

Veralto (NYSE:VLTO - Get Free Report) last announced 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. Veralto had a net margin of 16.04% and a return on equity of 49.29%. The company had revenue of $1.33 billion for the quarter, compared to analyst estimates of $1.28 billion. During the same period in the previous year, the firm posted $0.84 EPS. The firm's revenue was up 6.9% on a year-over-year basis. Equities research analysts forecast that Veralto Co. 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 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 yield of 0.45%. Veralto's dividend payout ratio (DPR) is presently 12.57%.

Insider Transactions at Veralto

In other news, SVP Surekha Trivedi sold 848 shares of Veralto 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 completion of the sale, the senior vice president now owns 8,433 shares in the company, valued at $847,938.15. The trade was a 9.14% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Jennifer Honeycutt sold 10,414 shares of the company's stock in a transaction dated Monday, March 24th. The shares were sold at an average price of $98.56, for a total transaction of $1,026,403.84. Following the transaction, the chief executive officer now owns 116,637 shares in the company, valued at $11,495,742.72. This represents a 8.20% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 56,917 shares of company stock worth $5,423,033. Company insiders own 0.36% of the company's stock.

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.