57,025 Veralto Corporation $VLTO Shares Sold by Walter Public Investments Inc.

Walter Public Investments Inc. lessened its holdings in shares of Veralto Corporation (NYSE:VLTO) by 95.3% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 2,800 shares of the company’s stock after selling 57,025 shares during the quarter. Walter Public Investments Inc.’s holdings in Veralto were worth $264,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in VLTO. Handelsbanken Fonder AB raised its position in shares of Veralto by 9.1% during the second quarter. Handelsbanken Fonder AB now owns 219,254 shares of the company’s stock worth $19,443,000 after purchasing an additional 18,277 shares during the period. Groupe la Francaise lifted its holdings in shares of Veralto by 18.4% during the 2nd quarter. Groupe la Francaise now owns 130,703 shares of the company’s stock valued at $11,594,000 after purchasing an additional 20,294 shares in the last quarter. Formuepleje A S lifted its holdings in shares of Veralto by 61.8% during the 2nd quarter. Formuepleje A S now owns 42,528 shares of the company’s stock valued at $3,771,000 after purchasing an additional 16,240 shares in the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al bought a new position in shares of Veralto during the 2nd quarter valued at about $13,887,000. Finally, Vest Financial LLC grew its position in shares of Veralto by 15.7% in the 3rd quarter. Vest Financial LLC now owns 854,460 shares of the company’s stock valued at $80,593,000 after purchasing an additional 116,143 shares during the period. 91.28% of the stock is currently owned by institutional investors.

Veralto Price Performance

VLTO stock opened at $118.79 on Thursday. The stock has a 50-day moving average price of $101.22 and a two-hundred day moving average price of $93.74. The stock has a market cap of $28.88 billion, a PE ratio of 29.40, a price-to-earnings-growth ratio of 3.28 and a beta of 0.51. The company has a current ratio of 2.03, a quick ratio of 1.82 and a debt-to-equity ratio of 0.83. Veralto Corporation has a 1 year low of $80.03 and a 1 year high of $119.03.

Veralto (NYSE:VLTO) last issued its quarterly earnings results on Thursday, October 29th. The company reported $1.18 EPS for the quarter, beating analysts’ consensus estimates of $1.09 by $0.09. The company had revenue of $1.51 billion for the quarter, compared to analyst estimates of $1.50 billion. Veralto had a return on equity of 35.08% and a net margin of 17.27%. The company’s quarterly revenue was up 7.5% compared to the same quarter last year. During the same period in the previous year, the company posted $0.99 earnings per share. Equities analysts forecast that Veralto Corporation will post 4.51 EPS for the current fiscal year.

Veralto Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 30th. Investors of record on Wednesday, September 30th were issued a dividend of $0.13 per share. The ex-dividend date was Wednesday, September 30th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 0.4%. Veralto’s dividend payout ratio (DPR) is presently 12.87%.

Insider Transactions at Veralto

In other Veralto news, SVP Mattias Byström sold 9,069 shares of the company’s stock in a transaction that occurred on Tuesday, November 3rd. The stock was sold at an average price of $116.30, for a total transaction of $1,054,724.70. Following the completion of the transaction, the senior vice president owned 35,536 shares of the company’s stock, valued at $4,132,836.80. This represents a 20.33% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, SVP Surekha Trivedi sold 36,427 shares of the company’s stock in a transaction that occurred on Friday, October 30th. The stock was sold at an average price of $108.89, for a total value of $3,966,536.03. Following the transaction, the senior vice president directly owned 8,565 shares of the company’s stock, valued at approximately $932,642.85. This trade represents a 80.96% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 55,094 shares of company stock worth $6,032,688 in the last 90 days. 0.43% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of analysts recently issued reports on VLTO shares. Weiss Ratings raised Veralto from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, October 19th. Wall Street Zen downgraded shares of Veralto from a “buy” rating to a “hold” rating in a report on Saturday, October 24th. BNP Paribas Exane reaffirmed an “outperform” rating and issued a $120.00 price target (up from $115.00) on shares of Veralto in a research note on Thursday, July 30th. Jefferies Financial Group reaffirmed a “buy” rating and issued a $135.00 price target on shares of Veralto in a research note on Friday, October 30th. Finally, Royal Bank Of Canada upped their price target on shares of Veralto from $109.00 to $121.00 and gave the company a “sector perform” rating in a report on Monday, November 2nd. Seven equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Veralto has a consensus rating of “Moderate Buy” and a consensus target price of $120.70.

About Veralto

Veralto Corporation is a global provider of water quality and product quality solutions. Its businesses develop technologies and services that help customers monitor and treat water, as well as ensure the quality, safety and consistency of products and packaging. Veralto operates through two segments: Water Quality and Product Quality & Innovation. Its offerings include water analysis, treatment and monitoring systems, and technologies for product coding and marking, packaging design, color management and print production.