Capital International Inc. CA Increases Holdings in Veralto Co. (NYSE:VLTO)

Capital International Inc. CA boosted its stake in shares of Veralto Co. (NYSE:VLTO) by 9.6% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 50,536 shares of the company’s stock after acquiring an additional 4,442 shares during the quarter. Capital International Inc. CA’s holdings in Veralto were worth $4,481,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Blue Trust Inc. purchased a new position in Veralto during the fourth quarter valued at approximately $26,000. First Command Advisory Services Inc. purchased a new stake in shares of Veralto in the fourth quarter valued at approximately $25,000. Delta Asset Management LLC TN increased its position in shares of Veralto by 216.0% in the fourth quarter. Delta Asset Management LLC TN now owns 316 shares of the company’s stock valued at $26,000 after buying an additional 216 shares in the last quarter. Livforsakringsbolaget Skandia Omsesidigt purchased a new stake in shares of Veralto in the fourth quarter valued at approximately $27,000. Finally, Johnson Financial Group Inc. purchased a new stake in shares of Veralto in the fourth quarter valued at approximately $27,000. 91.28% of the stock is currently owned by hedge funds and other institutional investors.

Veralto Trading Up 5.3 %

Shares of Veralto stock traded up $5.26 during trading hours on Friday, hitting $104.87. The company’s stock had a trading volume of 2,971,930 shares, compared to its average volume of 1,581,389. Veralto Co. has a twelve month low of $65.51 and a twelve month high of $107.86. The firm has a fifty day moving average of $98.99 and a 200-day moving average of $90.99. The company has a debt-to-equity ratio of 1.76, a quick ratio of 1.56 and a current ratio of 1.83.

Veralto (NYSE:VLTO) last announced its quarterly earnings results on Thursday, July 25th. The company reported $0.85 EPS for the quarter, beating the consensus estimate of $0.81 by $0.04. The business had revenue of $1.29 billion during the quarter, compared to analyst estimates of $1.28 billion. During the same period last year, the company earned $0.80 EPS. The business’s revenue for the quarter was up 2.8% on a year-over-year basis. On average, equities analysts forecast that Veralto Co. will post 3.37 earnings per share for the current fiscal year.

Veralto Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 31st. Stockholders of record on Friday, June 28th will be paid a $0.09 dividend. This represents a $0.36 annualized dividend and a dividend yield of 0.34%. The ex-dividend date is Friday, June 28th.

Wall Street Analysts Forecast Growth

VLTO has been the subject of a number of recent analyst reports. Robert W. Baird boosted their price objective on Veralto from $90.00 to $98.00 and gave the company a “neutral” rating in a research report on Thursday, April 25th. Stifel Nicolaus boosted their price objective on Veralto from $100.00 to $110.00 and gave the company a “buy” rating in a research report on Thursday, July 18th. BMO Capital Markets lifted their price target on Veralto from $97.00 to $101.00 and gave the stock an “outperform” rating in a research note on Thursday, April 25th. TD Cowen assumed coverage on Veralto in a research note on Monday, June 17th. They issued a “hold” rating and a $95.00 price target on the stock. Finally, Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $101.00 price target on shares of Veralto in a research note on Friday, June 14th. Six equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $97.08.

Insider Activity

In related news, SVP Mattias Bystrom sold 302 shares of the business’s stock in a transaction on Thursday, May 23rd. The stock was sold at an average price of $100.38, for a total value of $30,314.76. Following the sale, the senior vice president now owns 34,045 shares in the company, valued at approximately $3,417,437.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 0.31% of the company’s stock.

Veralto Company 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.