Veralto Co. (NYSE:VLTO) Shares Bought by Loomis Sayles & Co. L P

Loomis Sayles & Co. L P lifted its position in shares of Veralto Co. (NYSE:VLTO) by 1.8% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 321,007 shares of the company’s stock after buying an additional 5,662 shares during the period. Loomis Sayles & Co. L P’s holdings in Veralto were worth $35,908,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in VLTO. Oregon Public Employees Retirement Fund increased its stake in Veralto by 0.5% during the second quarter. Oregon Public Employees Retirement Fund now owns 18,861 shares of the company’s stock worth $1,801,000 after acquiring an additional 100 shares during the last quarter. Tokio Marine Asset Management Co. Ltd. increased its position in Veralto by 1.4% during the 3rd quarter. Tokio Marine Asset Management Co. Ltd. now owns 7,338 shares of the company’s stock worth $821,000 after purchasing an additional 100 shares in the last quarter. Strategic Blueprint LLC raised its holdings in Veralto by 4.5% in the third quarter. Strategic Blueprint LLC now owns 2,394 shares of the company’s stock valued at $268,000 after buying an additional 102 shares during the period. Graypoint LLC lifted its position in Veralto by 2.4% during the third quarter. Graypoint LLC now owns 4,514 shares of the company’s stock valued at $505,000 after buying an additional 107 shares in the last quarter. Finally, Sentry Investment Management LLC grew its stake in Veralto by 1.8% during the third quarter. Sentry Investment Management LLC now owns 5,999 shares of the company’s stock worth $671,000 after buying an additional 108 shares during the period. 91.28% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Veralto

In related news, SVP Surekha Trivedi sold 752 shares of the stock in a transaction dated Friday, November 1st. The shares were sold at an average price of $102.91, for a total value of $77,388.32. Following the sale, the senior vice president now owns 10,413 shares of the company’s stock, valued at $1,071,601.83. This trade represents a 6.74 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Jennifer Honeycutt sold 13,190 shares of the business’s stock in a transaction dated Monday, September 30th. The shares were sold at an average price of $110.15, for a total transaction of $1,452,878.50. Following the transaction, the chief executive officer now directly owns 138,546 shares of the company’s stock, valued at $15,260,841.90. The trade was a 8.69 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 28,639 shares of company stock worth $3,175,803. 0.31% of the stock is owned by insiders.

Veralto Stock Performance

Veralto stock opened at $108.48 on Tuesday. The company has a market cap of $26.83 billion and a PE ratio of 33.48. Veralto Co. has a 12 month low of $72.85 and a 12 month high of $115.00. The company has a fifty day moving average price of $108.08 and a two-hundred day moving average price of $104.59. The company has a debt-to-equity ratio of 1.35, a current ratio of 2.13 and a quick ratio of 1.87.

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

Veralto Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, October 31st. Shareholders of record on Friday, September 27th were given a $0.09 dividend. This represents a $0.36 annualized dividend and a yield of 0.33%. The ex-dividend date was Friday, September 27th. Veralto’s dividend payout ratio is presently 11.11%.

Analyst Upgrades and Downgrades

VLTO has been the subject of several analyst reports. Royal Bank of Canada upped their target price on Veralto from $108.00 to $111.00 and gave the stock a “sector perform” rating in a research report on Friday, October 25th. Robert W. Baird raised their price target on shares of Veralto from $98.00 to $112.00 and gave the company a “neutral” rating in a report on Monday, July 29th. BMO Capital Markets lifted their target price on Veralto from $117.00 to $119.00 and gave the stock an “outperform” rating in a research report on Monday, September 30th. TD Cowen increased their price target on Veralto from $95.00 to $100.00 and gave the company a “hold” rating in a report on Tuesday, July 30th. Finally, The Goldman Sachs Group lifted their price objective on Veralto from $104.00 to $116.00 and gave the stock a “buy” rating in a report on Monday, July 29th. Seven analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Veralto has an average rating of “Hold” and an average target price of $108.27.

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.