Toronto Dominion Bank Has $10.62 Million Stock Holdings in Veralto Co. (NYSE:VLTO)

Toronto Dominion Bank trimmed its holdings in Veralto Co. (NYSE:VLTO) by 13.4% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 111,209 shares of the company’s stock after selling 17,273 shares during the quarter. Toronto Dominion Bank’s holdings in Veralto were worth $10,617,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Daiwa Securities Group Inc. lifted its position in shares of Veralto by 78.3% during the first quarter. Daiwa Securities Group Inc. now owns 80,657 shares of the company’s stock worth $7,151,000 after purchasing an additional 35,433 shares in the last quarter. Nomura Holdings Inc. acquired a new position in Veralto during the 4th quarter worth $717,000. Cetera Investment Advisers boosted its position in Veralto by 247.8% in the 1st quarter. Cetera Investment Advisers now owns 48,428 shares of the company’s stock valued at $4,294,000 after buying an additional 34,505 shares during the last quarter. TD Asset Management Inc bought a new stake in shares of Veralto during the fourth quarter worth $33,129,000. Finally, Mitsubishi UFJ Trust & Banking Corp lifted its stake in shares of Veralto by 19.8% during the first quarter. Mitsubishi UFJ Trust & Banking Corp now owns 169,101 shares of the company’s stock valued at $14,952,000 after acquiring an additional 27,891 shares during the period. Institutional investors own 91.28% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently commented on VLTO. Robert W. Baird lifted their price objective on Veralto from $98.00 to $112.00 and gave the stock a “neutral” rating in a research report on Monday, July 29th. Deutsche Bank Aktiengesellschaft boosted their price target 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. Stifel Nicolaus raised their price objective on shares of Veralto from $110.00 to $117.00 and gave the company a “buy” rating in a research note on Monday, July 29th. Royal Bank of Canada upped their target price on shares of Veralto from $101.00 to $108.00 and gave the company a “sector perform” rating in a research report on Monday, July 29th. Finally, TD Cowen raised their price target on Veralto from $95.00 to $100.00 and gave the stock a “hold” rating in a research report on Tuesday, July 30th. Seven research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, Veralto presently has a consensus rating of “Moderate Buy” and an average target price of $104.46.

Veralto Trading Down 0.8 %

Shares of NYSE:VLTO opened at $110.30 on Friday. The business’s 50 day simple moving average is $107.91 and its 200 day simple moving average is $99.35. Veralto Co. has a 1 year low of $65.51 and a 1 year high of $112.77. The company has a debt-to-equity ratio of 1.56, a current ratio of 1.96 and a quick ratio of 1.70. The company has a market capitalization of $27.23 billion and a P/E ratio of 29.65.

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

Veralto Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 31st. Stockholders of record on Friday, September 27th will be paid a $0.09 dividend. The ex-dividend date is Friday, September 27th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 0.33%. Veralto’s payout ratio is currently 9.68%.

Insider Activity at Veralto

In related news, CEO Jennifer Honeycutt sold 13,191 shares of the stock in a transaction that occurred on Friday, August 30th. The shares were sold at an average price of $111.98, for a total value of $1,477,128.18. Following the completion of the transaction, the chief executive officer now owns 138,546 shares of the company’s stock, valued at approximately $15,514,381.08. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. In other news, CEO Jennifer Honeycutt sold 13,191 shares of Veralto stock in a transaction dated Friday, August 30th. The stock was sold at an average price of $111.98, for a total transaction of $1,477,128.18. Following the sale, the chief executive officer now directly owns 138,546 shares of the company’s stock, valued at $15,514,381.08. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Mattias Bystrom sold 3,000 shares of the company’s stock in a transaction that occurred on Monday, July 29th. The shares were sold at an average price of $105.89, for a total value of $317,670.00. Following the completion of the transaction, the senior vice president now directly 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 three months, insiders have sold 25,096 shares of company stock valued at $2,772,707. 0.31% of the stock is owned by 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.