Veralto Co. (NYSE:VLTO) Shares Sold by National Bank of Canada FI

National Bank of Canada FI decreased its position in shares of Veralto Co. (NYSE:VLTO) by 1.1% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 96,950 shares of the company’s stock after selling 1,107 shares during the period. National Bank of Canada FI’s holdings in Veralto were worth $10,844,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Canada Pension Plan Investment Board raised its position in Veralto by 32.9% in the 2nd quarter. Canada Pension Plan Investment Board now owns 243,600 shares of the company’s stock valued at $23,256,000 after purchasing an additional 60,300 shares in the last quarter. Wealth Enhancement Advisory Services LLC raised its position in Veralto by 126.0% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 67,670 shares of the company’s stock valued at $6,460,000 after purchasing an additional 37,721 shares in the last quarter. PGGM Investments acquired a new stake in Veralto in the 2nd quarter valued at about $1,528,000. Mirova US LLC raised its position in Veralto by 2.2% in the 2nd quarter. Mirova US LLC now owns 1,055,767 shares of the company’s stock valued at $100,794,000 after purchasing an additional 22,324 shares in the last quarter. Finally, Northstar Asset Management Inc. raised its position in Veralto by 22.5% in the 3rd quarter. Northstar Asset Management Inc. now owns 78,326 shares of the company’s stock valued at $8,762,000 after purchasing an additional 14,398 shares in the last quarter. Institutional investors and hedge funds own 91.28% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have issued reports on VLTO. Royal Bank of Canada increased their price target on Veralto from $108.00 to $111.00 and gave the company a “sector perform” rating in a research report on Friday, October 25th. UBS Group initiated coverage on Veralto in a report on Tuesday, August 13th. They issued a “neutral” rating and a $118.00 price objective on the stock. Stifel Nicolaus increased their price objective on Veralto from $117.00 to $119.00 and gave the company a “buy” rating in a report on Wednesday, October 16th. Finally, BMO Capital Markets increased their price objective on Veralto from $117.00 to $119.00 and gave the company an “outperform” rating in a report on Monday, September 30th. Seven analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $108.27.

Insider Activity

In other news, CEO Jennifer Honeycutt sold 13,190 shares of the firm’s stock in a transaction that occurred on Monday, September 30th. The stock was sold at an average price of $110.15, for a total value of $1,452,878.50. Following the completion of the sale, the chief executive officer now directly owns 138,546 shares of the company’s stock, valued at $15,260,841.90. This trade represents a 8.69 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Surekha Trivedi sold 753 shares of Veralto stock in a transaction on Tuesday, October 1st. The stock was sold at an average price of $112.55, for a total value of $84,750.15. Following the transaction, the senior vice president now directly owns 11,165 shares of the company’s stock, valued at approximately $1,256,620.75. This represents a 6.32 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 14,695 shares of company stock valued at $1,615,017 in the last three months. 0.31% of the stock is currently owned by company insiders.

Veralto Stock Down 0.3 %

Veralto stock opened at $106.39 on Wednesday. Veralto Co. has a twelve month low of $73.91 and a twelve month high of $115.00. The stock has a 50 day moving average of $107.48 and a two-hundred day moving average of $105.21. 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 stock has a market capitalization of $26.31 billion, a price-to-earnings ratio of 32.84, a PEG ratio of 4.39 and a beta of 0.91.

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

Veralto Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 31st. Shareholders of record on Friday, September 27th were given a dividend of $0.09 per share. 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 0.34%. Veralto’s payout ratio is 11.11%.

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.