Veralto Co. (NYSE:VLTO) Shares Bought by BNP PARIBAS ASSET MANAGEMENT Holding S.A.

BNP PARIBAS ASSET MANAGEMENT Holding S.A. grew its position in shares of Veralto Co. (NYSE:VLTO) by 32.4% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 199,370 shares of the company’s stock after purchasing an additional 48,808 shares during the quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A.’s holdings in Veralto were worth $22,302,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Ashton Thomas Securities LLC purchased a new position in Veralto during the 3rd quarter worth approximately $25,000. Goodman Advisory Group LLC purchased a new stake in Veralto in the second quarter valued at approximately $26,000. LRI Investments LLC acquired a new stake in shares of Veralto in the first quarter valued at approximately $30,000. Fairscale Capital LLC purchased a new position in shares of Veralto during the second quarter worth approximately $30,000. Finally, Hazlett Burt & Watson Inc. increased its holdings in shares of Veralto by 11,100.0% in the 2nd quarter. Hazlett Burt & Watson Inc. now owns 336 shares of the company’s stock valued at $32,000 after acquiring an additional 333 shares during the period. Institutional investors and hedge funds own 91.28% of the company’s stock.

Insider Buying and Selling

In other Veralto news, CEO Jennifer Honeycutt sold 13,191 shares of the firm’s stock in a transaction dated Friday, August 30th. The shares were sold at an average price of $111.98, for a total transaction of $1,477,128.18. Following the completion of the transaction, the chief executive officer now directly owns 138,546 shares in the company, valued at approximately $15,514,381.08. This trade represents a 8.69 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP Surekha Trivedi sold 753 shares of the company’s stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $111.10, for a total transaction of $83,658.30. Following the completion of the sale, the senior vice president now directly owns 11,918 shares in the company, valued at $1,324,089.80. This trade represents a 5.94 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 28,639 shares of company stock valued at $3,175,803. 0.31% of the stock is owned by insiders.

Analyst Ratings Changes

VLTO has been the subject of a number of recent research reports. Royal Bank of Canada increased their price target 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. UBS Group started coverage on Veralto in a report on Tuesday, August 13th. They set a “neutral” rating and a $118.00 price target on the stock. BMO Capital Markets boosted their price target on Veralto from $117.00 to $119.00 and gave the company an “outperform” rating in a research report on Monday, September 30th. Robert W. Baird lifted their target price on Veralto from $98.00 to $112.00 and gave the company a “neutral” rating in a research note on Monday, July 29th. Finally, The Goldman Sachs Group upped their price target on Veralto from $104.00 to $116.00 and gave the stock a “buy” rating in a research note on Monday, July 29th. Seven investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $108.27.

Veralto Price Performance

Shares of NYSE VLTO opened at $106.41 on Friday. The company’s fifty day moving average is $108.11 and its two-hundred day moving average is $104.40. The company has a debt-to-equity ratio of 1.35, a quick ratio of 1.87 and a current ratio of 2.13. The firm has a market capitalization of $26.32 billion and a P/E ratio of 32.84. Veralto Co. has a one year low of $72.23 and a one year high of $115.00.

Veralto (NYSE:VLTO) last issued its earnings results 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. Veralto had a net margin of 15.69% and a return on equity of 52.85%. The company had revenue of $1.31 billion for the quarter, compared to analyst estimates of $1.30 billion. During the same period in the prior year, the business posted $0.75 earnings per share. The firm’s revenue for the quarter was up 4.7% compared to the same quarter last year. Analysts forecast that Veralto Co. will post 3.48 EPS for the current fiscal year.

Veralto Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 31st. Investors of record on Friday, September 27th were issued a dividend of $0.09 per share. The ex-dividend date of this dividend was Friday, September 27th. This represents a $0.36 annualized dividend and a yield of 0.34%. Veralto’s dividend payout ratio is presently 11.11%.

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.