Nisa Investment Advisors LLC Trims Stock Holdings in Veralto Co. (NYSE:VLTO)

Nisa Investment Advisors LLC lessened its stake in shares of Veralto Co. (NYSE:VLTO) by 3.5% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 57,566 shares of the company’s stock after selling 2,111 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Veralto were worth $6,445,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the stock. Swedbank AB purchased a new position in shares of Veralto in the first quarter valued at approximately $237,864,000. Vanguard Group Inc. boosted its holdings in Veralto by 6.1% in the first quarter. Vanguard Group Inc. now owns 27,429,158 shares of the company’s stock valued at $2,431,869,000 after purchasing an additional 1,568,103 shares during the period. Capital International Investors grew its stake in Veralto by 8.5% during the 1st quarter. Capital International Investors now owns 7,097,130 shares of the company’s stock worth $629,232,000 after purchasing an additional 553,021 shares in the last quarter. Nordea Investment Management AB increased its holdings in Veralto by 753.8% during the 1st quarter. Nordea Investment Management AB now owns 527,040 shares of the company’s stock worth $47,154,000 after purchasing an additional 465,312 shares during the period. Finally, Ferguson Wellman Capital Management Inc. acquired a new stake in Veralto in the 2nd quarter valued at about $39,343,000. 91.28% of the stock is currently owned by institutional investors and hedge funds.

Veralto Stock Down 1.0 %

Veralto stock opened at $102.20 on Friday. The stock has a 50-day simple moving average of $110.22 and a 200-day simple moving average of $103.15. The company has a market capitalization of $25.23 billion and a P/E ratio of 31.54. The company has a debt-to-equity ratio of 1.35, a quick ratio of 1.87 and a current ratio of 2.13. Veralto Co. has a fifty-two week low of $66.69 and a fifty-two week high of $115.00.

Veralto (NYSE:VLTO) last issued its quarterly earnings data on Wednesday, October 23rd. The company reported $0.89 earnings per share for the quarter, beating analysts’ consensus estimates of $0.85 by $0.04. The company had revenue of $1.31 billion during the quarter, compared to analysts’ expectations of $1.30 billion. Veralto had a return on equity of 52.85% and a net margin of 15.69%. The firm’s revenue for the quarter was up 4.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.75 earnings per share. Equities research analysts expect that Veralto Co. will post 3.47 earnings per share for the current 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 paid a $0.09 dividend. The ex-dividend date of this dividend was Friday, September 27th. This represents a $0.36 dividend on an annualized basis and a yield of 0.35%. Veralto’s dividend payout ratio is presently 11.11%.

Insider Activity

In related news, SVP Surekha Trivedi sold 7,399 shares of the firm’s stock in a transaction dated Wednesday, August 21st. The stock was sold at an average price of $110.00, for a total transaction of $813,890.00. Following the transaction, the senior vice president now owns 12,671 shares of the company’s stock, valued at $1,393,810. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. In related news, SVP Surekha Trivedi sold 7,399 shares of the stock in a transaction on Wednesday, August 21st. The stock was sold at an average price of $110.00, for a total transaction of $813,890.00. Following the completion of the sale, the senior vice president now directly owns 12,671 shares of the company’s stock, valued at $1,393,810. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Jennifer Honeycutt sold 13,190 shares of Veralto stock in a transaction on Monday, September 30th. The shares were sold at an average price of $110.15, for a total transaction of $1,452,878.50. Following the completion of the transaction, the chief executive officer now owns 138,546 shares in the company, valued at approximately $15,260,841.90. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 35,286 shares of company stock valued at $3,912,305. Insiders own 0.31% of the company’s stock.

Analyst Upgrades and Downgrades

VLTO has been the subject of a number of analyst reports. Deutsche Bank Aktiengesellschaft upped their target price on shares of Veralto from $100.00 to $109.00 and gave the stock a “hold” rating in a research note on Monday, July 29th. The Goldman Sachs Group increased their price objective on shares of Veralto from $104.00 to $116.00 and gave the company a “buy” rating in a research report on Monday, July 29th. BMO Capital Markets lifted their price objective on shares of Veralto from $117.00 to $119.00 and gave the stock an “outperform” rating in a research report on Monday, September 30th. Royal Bank of Canada increased their target price on Veralto from $108.00 to $111.00 and gave the company a “sector perform” rating in a report on Friday, October 25th. Finally, UBS Group assumed coverage on Veralto in a report on Tuesday, August 13th. They set a “neutral” rating and a $118.00 price target for the company. Seven analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target 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.