16,971 Shares in Veralto Co. (NYSE:VLTO) Bought by MBB Public Markets I LLC

MBB Public Markets I LLC bought a new position in shares of Veralto Co. (NYSE:VLTO) in the 2nd quarter, Holdings Channel.com reports. The institutional investor bought 16,971 shares of the company’s stock, valued at approximately $1,620,000.

Several other large investors have also added to or reduced their stakes in the business. Daiwa Securities Group Inc. lifted its stake in Veralto by 78.3% in the first quarter. Daiwa Securities Group Inc. now owns 80,657 shares of the company’s stock valued at $7,151,000 after acquiring an additional 35,433 shares during the last quarter. Nomura Holdings Inc. bought a new position in shares of Veralto in the fourth quarter valued at about $717,000. Cetera Investment Advisers raised its position in shares of Veralto by 247.8% in the first quarter. Cetera Investment Advisers now owns 48,428 shares of the company’s stock valued at $4,294,000 after purchasing an additional 34,505 shares during the period. Mitsubishi UFJ Trust & Banking Corp raised its position in shares of Veralto by 19.8% in the first quarter. Mitsubishi UFJ Trust & Banking Corp now owns 169,101 shares of the company’s stock valued at $14,952,000 after purchasing an additional 27,891 shares during the period. Finally, Seven Eight Capital LP bought a new position in shares of Veralto in the first quarter valued at about $1,011,000. Institutional investors and hedge funds own 91.28% of the company’s stock.

Analyst Upgrades and Downgrades

VLTO has been the topic of several research analyst reports. UBS Group initiated coverage on shares of Veralto in a research report on Tuesday, August 13th. They issued a “neutral” rating and a $118.00 price objective on the stock. Stifel Nicolaus raised their price target on shares of Veralto from $110.00 to $117.00 and gave the stock a “buy” rating in a research report on Monday, July 29th. TD Cowen raised their price target on shares of Veralto from $95.00 to $100.00 and gave the stock a “hold” rating in a research report on Tuesday, July 30th. Royal Bank of Canada raised their price target on shares of Veralto from $101.00 to $108.00 and gave the stock a “sector perform” rating in a research report on Monday, July 29th. Finally, Robert W. Baird raised their price target on shares of Veralto from $98.00 to $112.00 and gave the stock a “neutral” rating in a research report on Monday, July 29th. Seven analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $104.46.

Veralto Trading Down 0.9 %

VLTO opened at $110.30 on Monday. The company’s 50 day moving average is $108.15 and its 200-day moving average is $99.57. Veralto Co. has a 1-year low of $65.51 and a 1-year high of $112.77. The company has a current ratio of 1.96, a quick ratio of 1.70 and a debt-to-equity ratio of 1.56. The company has a market cap of $27.23 billion and a P/E ratio of 29.65.

Veralto (NYSE:VLTO) last posted its earnings results on Thursday, July 25th. The company reported $0.85 EPS for the quarter, topping the consensus estimate of $0.80 by $0.05. Veralto had a net margin of 15.60% and a return on equity of 58.82%. The business had revenue of $1.29 billion for the quarter, compared to the consensus estimate of $1.28 billion. During the same period last year, the company earned $0.80 EPS. The firm’s revenue was up 2.8% compared to the same quarter last year. Equities research analysts predict that Veralto Co. will post 3.45 earnings per share for the current fiscal year.

Veralto Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 31st. Investors of record on Friday, September 27th will be given a dividend of $0.09 per share. The ex-dividend date is Friday, September 27th. This represents a $0.36 annualized dividend and a yield of 0.33%. Veralto’s dividend payout ratio is presently 9.68%.

Insiders Place Their Bets

In other Veralto news, SVP Surekha Trivedi sold 753 shares of the firm’s stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $111.10, for a total transaction of $83,658.30. Following the completion of the transaction, the senior vice president now owns 11,918 shares in the company, valued at approximately $1,324,089.80. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other news, SVP Surekha Trivedi sold 753 shares of Veralto stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $111.10, for a total value of $83,658.30. Following the completion of the sale, the senior vice president now owns 11,918 shares in the company, valued at approximately $1,324,089.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Mattias Bystrom sold 3,000 shares of Veralto stock in a transaction on Monday, July 29th. The shares were sold at an average price of $105.89, for a total transaction of $317,670.00. Following the completion of the sale, the senior vice president now owns 31,045 shares of the company’s stock, valued at approximately $3,287,355.05. The disclosure for this sale can be found here. In the last 90 days, insiders sold 25,096 shares of company stock worth $2,772,707. 0.31% of the stock is currently owned by insiders.

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.