Capital International Ltd. CA Buys 6,233 Shares of Veralto Co. (NYSE:VLTO)

Capital International Ltd. CA increased its stake in Veralto Co. (NYSE:VLTO) by 22.3% during the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 34,189 shares of the company’s stock after purchasing an additional 6,233 shares during the quarter. Capital International Ltd. CA’s holdings in Veralto were worth $3,031,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Blue Trust Inc. bought a new position in Veralto in the 4th quarter worth $26,000. First Command Advisory Services Inc. bought a new position in Veralto in the 4th quarter worth $25,000. Delta Asset Management LLC TN raised its holdings in Veralto by 216.0% during the fourth quarter. Delta Asset Management LLC TN now owns 316 shares of the company’s stock valued at $26,000 after acquiring an additional 216 shares during the period. Livforsakringsbolaget Skandia Omsesidigt bought a new stake in Veralto during the fourth quarter valued at about $27,000. Finally, Johnson Financial Group Inc. bought a new stake in Veralto during the fourth quarter valued at about $27,000. 91.28% of the stock is owned by institutional investors.

Insider Activity

In other news, SVP Mattias Bystrom sold 302 shares of Veralto stock in a transaction that occurred on Thursday, May 23rd. The shares were sold at an average price of $100.38, for a total transaction of $30,314.76. Following the sale, the senior vice president now owns 34,045 shares of the company’s stock, valued at approximately $3,417,437.10. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 0.31% of the company’s stock.

Veralto Trading Up 5.3 %

Shares of NYSE:VLTO traded up $5.26 during trading on Friday, reaching $104.87. 2,971,930 shares of the company’s stock traded hands, compared to its average volume of 1,581,389. Veralto Co. has a fifty-two week low of $65.51 and a fifty-two week high of $107.86. The company has a debt-to-equity ratio of 1.76, a current ratio of 1.83 and a quick ratio of 1.56. The company has a 50-day simple moving average of $98.99 and a 200-day simple moving average of $90.99.

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

Veralto Announces Dividend

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

Wall Street Analysts Forecast Growth

VLTO has been the topic of a number of recent analyst reports. TD Cowen initiated coverage on Veralto in a report on Monday, June 17th. They set a “hold” rating and a $95.00 price target on the stock. Robert W. Baird boosted their target price on Veralto from $90.00 to $98.00 and gave the stock a “neutral” rating in a research report on Thursday, April 25th. Stifel Nicolaus boosted their target price on Veralto from $100.00 to $110.00 and gave the stock a “buy” rating in a research report on Thursday, July 18th. BMO Capital Markets boosted their target price on Veralto from $97.00 to $101.00 and gave the stock an “outperform” rating in a research report on Thursday, April 25th. Finally, Citigroup boosted their target price on Veralto from $89.00 to $94.00 and gave the stock a “neutral” rating in a research report on Monday, April 8th. Six equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $97.08.

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.