1,624 Shares in Veralto Co. (NYSE:VLTO) Bought by Brooklyn Investment Group

Brooklyn Investment Group bought a new stake in Veralto Co. (NYSE:VLTO) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 1,624 shares of the company’s stock, valued at approximately $182,000.

A number of other institutional investors have also bought and sold shares of VLTO. Quantbot Technologies LP boosted its stake in Veralto by 77.1% during the third quarter. Quantbot Technologies LP now owns 149,756 shares of the company’s stock worth $16,752,000 after acquiring an additional 65,213 shares in the last quarter. FMR LLC raised its holdings in shares of Veralto by 5.1% during the third quarter. FMR LLC now owns 3,329,717 shares of the company’s stock valued at $372,462,000 after purchasing an additional 162,347 shares during the period. The Manufacturers Life Insurance Company raised its holdings in shares of Veralto by 10.2% during the third quarter. The Manufacturers Life Insurance Company now owns 163,227 shares of the company’s stock valued at $18,259,000 after purchasing an additional 15,048 shares during the period. Bank of Montreal Can boosted its position in shares of Veralto by 106.0% during the 3rd quarter. Bank of Montreal Can now owns 455,474 shares of the company’s stock worth $50,239,000 after purchasing an additional 234,323 shares in the last quarter. Finally, Brown Brothers Harriman & Co. grew its stake in shares of Veralto by 2.6% in the 3rd quarter. Brown Brothers Harriman & Co. now owns 3,851 shares of the company’s stock valued at $431,000 after buying an additional 99 shares during the period. Institutional investors own 91.28% of the company’s stock.

Insider Buying and Selling at Veralto

In other news, SVP Surekha Trivedi sold 752 shares of the company’s stock in a transaction on Friday, November 1st. The stock was sold at an average price of $102.91, for a total transaction of $77,388.32. Following the transaction, the senior vice president now owns 10,413 shares of the company’s stock, valued at $1,071,601.83. This represents a 6.74 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Jennifer Honeycutt sold 13,191 shares of the stock in a transaction on Friday, August 30th. The stock was sold at an average price of $111.98, for a total value of $1,477,128.18. Following the transaction, the chief executive officer now owns 138,546 shares of the company’s stock, valued at $15,514,381.08. The trade was a 8.69 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 28,639 shares of company stock worth $3,175,803 in the last quarter. 0.31% of the stock is currently owned by company insiders.

Veralto Stock Down 0.5 %

VLTO opened at $107.96 on Wednesday. Veralto Co. has a fifty-two week low of $72.85 and a fifty-two week high of $115.00. The firm has a market capitalization of $26.70 billion and a P/E ratio of 33.32. The company’s 50-day moving average is $108.06 and its 200 day moving average is $104.67. The company has a debt-to-equity ratio of 1.35, a current ratio of 2.13 and a quick ratio of 1.87.

Veralto (NYSE:VLTO) last posted its quarterly earnings data on Wednesday, October 23rd. The company reported $0.89 EPS for the quarter, beating the consensus estimate of $0.85 by $0.04. Veralto had a net margin of 15.69% and a return on equity of 52.85%. The firm had revenue of $1.31 billion during the quarter, compared to analyst estimates of $1.30 billion. During the same quarter last year, the business posted $0.75 EPS. The company’s revenue for the quarter was up 4.7% on a year-over-year basis. Research analysts expect that Veralto Co. will post 3.48 earnings per share for the current fiscal year.

Veralto Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 31st. Shareholders of record on Friday, September 27th were given a $0.09 dividend. The ex-dividend date was Friday, September 27th. This represents a $0.36 annualized dividend and a yield of 0.33%. Veralto’s dividend payout ratio is currently 11.11%.

Wall Street Analyst Weigh In

VLTO has been the topic of several recent research reports. UBS Group started coverage on Veralto in a report on Tuesday, August 13th. They issued a “neutral” rating and a $118.00 price target on the stock. BMO Capital Markets increased their target price on Veralto from $117.00 to $119.00 and gave the stock an “outperform” rating in a report on Monday, September 30th. Royal Bank of Canada boosted their price target on shares of Veralto from $108.00 to $111.00 and gave the company a “sector perform” rating in a research note on Friday, October 25th. TD Cowen raised their price objective on shares of Veralto from $95.00 to $100.00 and gave the company a “hold” rating in a research note on Tuesday, July 30th. Finally, Stifel Nicolaus boosted their target price on shares of Veralto from $117.00 to $119.00 and gave the stock a “buy” rating in a research report on Wednesday, October 16th. Seven research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat, Veralto currently has an average rating of “Hold” and an average target price of $108.27.

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.