Perpetual Ltd Has $10.72 Million Stock Position in Veralto Co. (NYSE:VLTO)

Perpetual Ltd raised its holdings in Veralto Co. (NYSE:VLTO) by 17.3% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 105,232 shares of the company’s stock after buying an additional 15,488 shares during the quarter. Perpetual Ltd’s holdings in Veralto were worth $10,718,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of VLTO. Brown Brothers Harriman & Co. lifted its position in shares of Veralto by 2.6% during the 3rd quarter. Brown Brothers Harriman & Co. now owns 3,851 shares of the company’s stock valued at $431,000 after acquiring an additional 99 shares during the period. Tokio Marine Asset Management Co. Ltd. raised its holdings in shares of Veralto by 1.4% during the third quarter. Tokio Marine Asset Management Co. Ltd. now owns 7,338 shares of the company’s stock valued at $821,000 after purchasing an additional 100 shares during the period. Strategic Blueprint LLC boosted its position in shares of Veralto by 4.5% during the 3rd quarter. Strategic Blueprint LLC now owns 2,394 shares of the company’s stock worth $268,000 after purchasing an additional 102 shares in the last quarter. Insigneo Advisory Services LLC grew its stake in shares of Veralto by 1.8% in the 3rd quarter. Insigneo Advisory Services LLC now owns 5,767 shares of the company’s stock valued at $645,000 after buying an additional 103 shares during the period. Finally, Graypoint LLC increased its position in Veralto by 2.4% in the 3rd quarter. Graypoint LLC now owns 4,514 shares of the company’s stock valued at $505,000 after buying an additional 107 shares in the last quarter. 91.28% of the stock is currently owned by institutional investors.

Veralto Trading Up 0.1 %

Shares of VLTO stock opened at $103.02 on Wednesday. Veralto Co. has a 52-week low of $75.05 and a 52-week high of $115.00. The company has a 50-day simple moving average of $104.04 and a two-hundred day simple moving average of $105.97. The company has a debt-to-equity ratio of 1.35, a quick ratio of 1.87 and a current ratio of 2.13. The company has a market capitalization of $25.48 billion, a price-to-earnings ratio of 31.80, a PEG ratio of 4.32 and a beta of 1.06.

Veralto (NYSE:VLTO) last released its earnings results on Wednesday, October 23rd. The company reported $0.89 EPS for the quarter, topping analysts’ consensus estimates of $0.85 by $0.04. Veralto had a return on equity of 52.85% and a net margin of 15.69%. The company had revenue of $1.31 billion for the quarter, compared to analysts’ expectations of $1.30 billion. During the same period in the previous year, the business posted $0.75 EPS. The business’s revenue for the quarter was up 4.7% compared to the same quarter last year. Research analysts anticipate that Veralto Co. will post 3.48 EPS for the current fiscal year.

Veralto Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Tuesday, December 31st will be issued a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a dividend yield of 0.43%. The ex-dividend date of this dividend is Tuesday, December 31st. This is a boost from Veralto’s previous quarterly dividend of $0.09. Veralto’s payout ratio is 13.58%.

Analyst Upgrades and Downgrades

VLTO has been the topic of several recent research reports. Royal Bank of Canada increased their price target on Veralto from $108.00 to $111.00 and gave the stock a “sector perform” rating in a report on Friday, October 25th. BMO Capital Markets lifted their price target on shares of Veralto from $117.00 to $119.00 and gave the company an “outperform” rating in a research report on Monday, September 30th. Citigroup decreased their price target on shares of Veralto from $118.00 to $116.00 and set a “neutral” rating for the company in a research note on Monday, January 13th. Jefferies Financial Group initiated coverage on shares of Veralto in a research note on Thursday, December 12th. They issued a “buy” rating and a $125.00 price objective on the stock. Finally, Stifel Nicolaus decreased their target price on shares of Veralto from $119.00 to $117.00 and set a “buy” rating for the company in a research report on Wednesday, December 11th. Six equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat, Veralto has a consensus rating of “Hold” and an average target price of $113.27.

Insider Activity at Veralto

In other Veralto news, SVP Surekha Trivedi sold 752 shares of the firm’s stock in a transaction on Friday, November 1st. The stock was sold at an average price of $102.91, for a total value of $77,388.32. Following the completion of the sale, the senior vice president now directly owns 10,413 shares of the company’s stock, valued at $1,071,601.83. This trade represents a 6.74 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. 0.31% of the stock is owned by company insiders.

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.