Groupama Asset Managment Has $1.56 Million Position in Veralto Co. (NYSE:VLTO)

Groupama Asset Managment increased its holdings in Veralto Co. (NYSE:VLTO) by 0.9% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 13,974 shares of the company’s stock after purchasing an additional 118 shares during the period. Groupama Asset Managment’s holdings in Veralto were worth $1,563,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Canada Pension Plan Investment Board lifted its position in shares of Veralto by 32.9% during the 2nd quarter. Canada Pension Plan Investment Board now owns 243,600 shares of the company’s stock worth $23,256,000 after buying an additional 60,300 shares during the period. Wealth Enhancement Advisory Services LLC raised its stake in Veralto by 126.0% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 67,670 shares of the company’s stock worth $6,460,000 after acquiring an additional 37,721 shares in the last quarter. PGGM Investments bought a new position in shares of Veralto during the second quarter valued at $1,528,000. Mirova US LLC boosted its stake in shares of Veralto by 2.2% in the 2nd quarter. Mirova US LLC now owns 1,055,767 shares of the company’s stock valued at $100,794,000 after purchasing an additional 22,324 shares in the last quarter. Finally, Northstar Asset Management Inc. grew its holdings in shares of Veralto by 22.5% in the 3rd quarter. Northstar Asset Management Inc. now owns 78,326 shares of the company’s stock worth $8,762,000 after purchasing an additional 14,398 shares during the last quarter. Institutional investors own 91.28% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently commented on the company. Stifel Nicolaus boosted their target price on Veralto from $117.00 to $119.00 and gave the stock a “buy” rating in a report on Wednesday, October 16th. BMO Capital Markets boosted their price objective on Veralto from $117.00 to $119.00 and gave the stock an “outperform” rating in a research note on Monday, September 30th. UBS Group initiated coverage on Veralto in a report on Tuesday, August 13th. They set a “neutral” rating and a $118.00 target price on the stock. Finally, Royal Bank of Canada lifted their price target on Veralto from $108.00 to $111.00 and gave the company a “sector perform” rating in a report on Friday, October 25th. Seven analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $108.27.

Insider Activity

In other Veralto news, SVP Surekha Trivedi sold 752 shares of Veralto stock in a transaction dated Friday, November 1st. The stock was sold at an average price of $102.91, for a total value of $77,388.32. Following the sale, the senior vice president now owns 10,413 shares of the company’s stock, valued at $1,071,601.83. This trade represents a 6.74 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Jennifer Honeycutt sold 13,190 shares of the company’s stock in a transaction dated Monday, September 30th. The stock was sold at an average price of $110.15, for a total value of $1,452,878.50. Following the transaction, the chief executive officer now directly owns 138,546 shares of the company’s stock, valued at $15,260,841.90. This represents a 8.69 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 14,695 shares of company stock valued at $1,615,017 in the last quarter. Company insiders own 0.31% of the company’s stock.

Veralto Trading Up 1.2 %

VLTO opened at $106.53 on Monday. Veralto Co. has a fifty-two week low of $73.91 and a fifty-two week high of $115.00. The company has a market cap of $26.35 billion, a price-to-earnings ratio of 32.88, a price-to-earnings-growth ratio of 4.39 and a beta of 0.91. The company has a debt-to-equity ratio of 1.35, a current ratio of 2.13 and a quick ratio of 1.87. The firm has a 50 day simple moving average of $107.58 and a 200 day simple moving average of $105.16.

Veralto (NYSE:VLTO) last released its quarterly earnings data on Wednesday, October 23rd. The company reported $0.89 EPS for the quarter, beating 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 business had revenue of $1.31 billion during the quarter, compared to the consensus estimate of $1.30 billion. During the same quarter in the prior year, the company posted $0.75 earnings per share. The firm’s revenue was up 4.7% on a year-over-year basis. On average, sell-side analysts anticipate that Veralto Co. will post 3.48 earnings per share for the current year.

Veralto Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, October 31st. Shareholders of record on Friday, September 27th were issued a $0.09 dividend. The ex-dividend date of this dividend was Friday, September 27th. This represents a $0.36 annualized dividend and a yield of 0.34%. Veralto’s dividend payout ratio (DPR) is presently 11.11%.

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.