Hall Laurie J Trustee Buys 1,738 Shares of Veralto Co. (NYSE:VLTO)

Hall Laurie J Trustee raised its stake in shares of Veralto Co. (NYSE:VLTO) by 10.1% in the 4th quarter, HoldingsChannel reports. The firm owned 18,949 shares of the company’s stock after purchasing an additional 1,738 shares during the period. Hall Laurie J Trustee’s holdings in Veralto were worth $1,931,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Ashton Thomas Securities LLC purchased a new position in shares of Veralto during the 3rd quarter valued at about $25,000. Goodman Advisory Group LLC bought a new position in Veralto during the second quarter valued at approximately $26,000. Fairscale Capital LLC purchased a new position in shares of Veralto during the second quarter worth approximately $30,000. Raleigh Capital Management Inc. lifted its holdings in shares of Veralto by 692.3% in the 3rd quarter. Raleigh Capital Management Inc. now owns 309 shares of the company’s stock worth $35,000 after acquiring an additional 270 shares during the last quarter. Finally, Erste Asset Management GmbH purchased a new stake in shares of Veralto in the 3rd quarter valued at $46,000. Hedge funds and other institutional investors own 91.28% of the company’s stock.

Veralto Stock Down 1.0 %

Shares of NYSE VLTO opened at $102.98 on Monday. The firm has a fifty day simple moving average of $104.07 and a two-hundred day simple moving average of $105.91. Veralto Co. has a 12 month low of $75.03 and a 12 month high of $115.00. The company has a current ratio of 2.13, a quick ratio of 1.87 and a debt-to-equity ratio of 1.35. The firm has a market capitalization of $25.47 billion, a PE ratio of 31.78, a price-to-earnings-growth ratio of 3.88 and a beta of 1.06.

Veralto (NYSE:VLTO) last issued its quarterly earnings data on Wednesday, October 23rd. The company reported $0.89 EPS for the quarter, topping 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 business had revenue of $1.31 billion during the quarter, compared to analyst estimates of $1.30 billion. During the same period last year, the business posted $0.75 earnings per share. Veralto’s quarterly revenue was up 4.7% compared to the same quarter last year. Equities analysts expect that Veralto Co. will post 3.48 earnings per share for the current year.

Veralto Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Tuesday, December 31st will be paid a $0.11 dividend. This represents a $0.44 annualized dividend and a yield of 0.43%. This is a boost from Veralto’s previous quarterly dividend of $0.09. The ex-dividend date of this dividend is Tuesday, December 31st. Veralto’s dividend payout ratio is presently 13.58%.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on VLTO shares. Stifel Nicolaus decreased their target price on shares of Veralto from $119.00 to $117.00 and set a “buy” rating on the stock in a research report on Wednesday, December 11th. BMO Capital Markets lifted their price objective on Veralto from $117.00 to $119.00 and gave the stock an “outperform” rating in a report on Monday, September 30th. Jefferies Financial Group began coverage on Veralto in a report on Thursday, December 12th. They set a “buy” rating and a $125.00 target price for the company. Citigroup decreased their price target on Veralto from $118.00 to $116.00 and set a “neutral” rating on the stock in a research note on Monday, January 13th. Finally, Royal Bank of Canada increased their price objective on Veralto from $108.00 to $111.00 and gave the company a “sector perform” rating in a research note on Friday, October 25th. Six equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $113.27.

Insiders Place Their Bets

In other Veralto news, SVP Surekha Trivedi sold 752 shares of the firm’s stock in a transaction that occurred on Friday, November 1st. The shares were sold at an average price of $102.91, for a total transaction of $77,388.32. Following the completion of the transaction, the senior vice president now owns 10,413 shares of the company’s stock, valued at approximately $1,071,601.83. This trade represents a 6.74 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.31% of the stock is owned by corporate insiders.

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.