15,007 Shares in Veralto Co. (NYSE:VLTO) Acquired by Diversified Trust Co

Diversified Trust Co acquired a new position in shares of Veralto Co. (NYSE:VLTO) in the 4th quarter, HoldingsChannel reports. The fund acquired 15,007 shares of the company’s stock, valued at approximately $1,528,000.

Several other hedge funds also recently modified their holdings of the stock. Ashton Thomas Securities LLC bought a new stake in Veralto in the third quarter valued at $25,000. Goodman Advisory Group LLC bought a new position in shares of Veralto in the 2nd quarter worth $26,000. Fairscale Capital LLC bought a new stake in Veralto during the 2nd quarter valued at $30,000. Hazlett Burt & Watson Inc. increased its position in shares of Veralto by 11,100.0% during the second quarter. Hazlett Burt & Watson Inc. now owns 336 shares of the company’s stock worth $32,000 after acquiring an additional 333 shares in the last quarter. Finally, Raleigh Capital Management Inc. raised 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. Institutional investors own 91.28% of the company’s stock.

Wall Street Analyst Weigh In

VLTO has been the subject of several analyst reports. BMO Capital Markets increased their price objective on Veralto from $117.00 to $119.00 and gave the stock an “outperform” rating in a research note on Monday, September 30th. Stifel Nicolaus dropped 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. Royal Bank of Canada upped their target price on shares of Veralto from $108.00 to $111.00 and gave the stock a “sector perform” rating in a research note on Friday, October 25th. Finally, Jefferies Financial Group began coverage on shares of Veralto in a research report on Thursday, December 12th. They set a “buy” rating and a $125.00 price target on the stock. Six equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, Veralto presently has an average rating of “Moderate Buy” and an average target price of $109.50.

Veralto Price Performance

NYSE VLTO opened at $101.91 on Thursday. The company has a market cap of $25.20 billion, a PE ratio of 31.45, a price-to-earnings-growth ratio of 4.30 and a beta of 1.06. The company has a quick ratio of 1.87, a current ratio of 2.13 and a debt-to-equity ratio of 1.35. The firm’s 50-day simple moving average is $104.23 and its two-hundred day simple moving average is $105.59. Veralto Co. has a 52 week low of $73.91 and a 52 week high of $115.00.

Veralto (NYSE:VLTO) last issued its earnings results on Wednesday, October 23rd. The company reported $0.89 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to analysts’ expectations of $1.30 billion. During the same quarter in the previous year, the firm posted $0.75 EPS. The business’s revenue for the quarter was up 4.7% compared to the same quarter last year. Research analysts predict 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. Stockholders of record on Tuesday, December 31st will be issued a $0.11 dividend. 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 of this dividend is Tuesday, December 31st. Veralto’s dividend payout ratio is presently 13.58%.

Insider Activity

In other news, SVP Surekha Trivedi sold 752 shares of the business’s stock in a transaction 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 directly owns 10,413 shares in the company, valued at $1,071,601.83. The trade was a 6.74 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.31% of the stock is owned by company insiders.

About Veralto

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.