Perpetual Ltd Has $10.72 Million Stock Position in Veralto Co. (NYSE:VLTO)

Perpetual Ltd raised its position in Veralto Co. (NYSE:VLTO) by 17.3% during the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 105,232 shares of the company’s stock after buying an additional 15,488 shares during the period. Perpetual Ltd’s holdings in Veralto were worth $10,718,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Ballentine Partners LLC raised its stake in shares of Veralto by 2.9% during the fourth quarter. Ballentine Partners LLC now owns 4,111 shares of the company’s stock worth $419,000 after buying an additional 114 shares during the last quarter. Mountain Pacific Investment Advisers LLC raised its position in shares of Veralto by 6.4% during the 4th quarter. Mountain Pacific Investment Advisers LLC now owns 57,558 shares of the company’s stock valued at $5,862,000 after acquiring an additional 3,459 shares during the last quarter. Corundum Group Inc. boosted its position in shares of Veralto by 5.8% in the 4th quarter. Corundum Group Inc. now owns 2,464 shares of the company’s stock worth $251,000 after purchasing an additional 135 shares during the last quarter. City Holding Co. grew its stake in shares of Veralto by 8.6% during the fourth quarter. City Holding Co. now owns 20,248 shares of the company’s stock worth $2,062,000 after purchasing an additional 1,600 shares during the period. Finally, Hall Laurie J Trustee increased its holdings in Veralto by 10.1% in the fourth quarter. Hall Laurie J Trustee now owns 18,949 shares of the company’s stock valued at $1,931,000 after purchasing an additional 1,738 shares during the last quarter. 91.28% of the stock is owned by institutional investors.

Insider Buying and Selling

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 in the company, valued at approximately $1,071,601.83. This trade represents a 6.74 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.31% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

VLTO has been the topic of a number of recent analyst reports. BMO Capital Markets boosted their target price on shares of 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 objective on shares of Veralto from $108.00 to $111.00 and gave the company a “sector perform” rating in a research report on Friday, October 25th. 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. Stifel Nicolaus reduced their price objective on Veralto from $119.00 to $117.00 and set a “buy” rating on the stock in a research note on Wednesday, December 11th. Finally, Jefferies Financial Group began coverage on shares of Veralto in a report on Thursday, December 12th. They issued a “buy” rating and a $125.00 target price for the company. Six analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $113.27.

Veralto Stock Up 0.1 %

NYSE:VLTO opened at $103.02 on Wednesday. Veralto Co. has a one year low of $75.05 and a one year high of $115.00. The company has a debt-to-equity ratio of 1.35, a current ratio of 2.13 and a quick ratio of 1.87. The company has a market cap of $25.48 billion, a PE ratio of 31.80, a P/E/G ratio of 4.32 and a beta of 1.06. The firm’s 50 day simple moving average is $104.04 and its 200 day simple moving average is $105.97.

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

Veralto Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Tuesday, December 31st will be given a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a dividend yield of 0.43%. This is an increase from Veralto’s previous quarterly dividend of $0.09. The ex-dividend date is Tuesday, December 31st. Veralto’s dividend payout ratio (DPR) is 13.58%.

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.