Veralto Co. (NYSE:VLTO) Shares Bought by Quantbot Technologies LP

Quantbot Technologies LP grew its holdings in Veralto Co. (NYSE:VLTO) by 77.1% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 149,756 shares of the company’s stock after purchasing an additional 65,213 shares during the period. Veralto makes up 0.7% of Quantbot Technologies LP’s investment portfolio, making the stock its 6th largest position. Quantbot Technologies LP owned 0.06% of Veralto worth $16,752,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of VLTO. Brown Brothers Harriman & Co. raised its position in Veralto by 2.6% in the third quarter. Brown Brothers Harriman & Co. now owns 3,851 shares of the company’s stock valued at $431,000 after purchasing an additional 99 shares during the period. Oregon Public Employees Retirement Fund raised its holdings in shares of Veralto by 0.5% in the 2nd quarter. Oregon Public Employees Retirement Fund now owns 18,861 shares of the company’s stock valued at $1,801,000 after buying an additional 100 shares during the period. Tokio Marine Asset Management Co. Ltd. raised its holdings in shares of Veralto by 1.4% in the 3rd quarter. Tokio Marine Asset Management Co. Ltd. now owns 7,338 shares of the company’s stock valued at $821,000 after buying an additional 100 shares during the period. Strategic Blueprint LLC lifted its stake in Veralto by 4.5% during the 3rd quarter. Strategic Blueprint LLC now owns 2,394 shares of the company’s stock worth $268,000 after acquiring an additional 102 shares in the last quarter. Finally, Graypoint LLC boosted its holdings in Veralto by 2.4% during the 3rd quarter. Graypoint LLC now owns 4,514 shares of the company’s stock valued at $505,000 after acquiring an additional 107 shares during the period. 91.28% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of analysts have issued reports on the stock. TD Cowen boosted their price target on shares of Veralto from $95.00 to $100.00 and gave the stock a “hold” rating in a research note on Tuesday, July 30th. UBS Group began coverage on shares of Veralto in a research note on Tuesday, August 13th. They issued a “neutral” rating and a $118.00 price target for the company. Stifel Nicolaus increased their price objective on Veralto from $117.00 to $119.00 and gave the company a “buy” rating in a research note on Wednesday, October 16th. Royal Bank of Canada boosted their target price on Veralto from $108.00 to $111.00 and gave the stock a “sector perform” rating in a research note on Friday, October 25th. Finally, The Goldman Sachs Group increased their price target on Veralto from $104.00 to $116.00 and gave the company a “buy” rating in a research report on Monday, July 29th. Seven analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, Veralto presently has an average rating of “Hold” and a consensus price target of $108.27.

Veralto Price Performance

Shares of NYSE VLTO opened at $108.48 on Tuesday. The stock’s 50-day simple moving average is $108.08 and its 200-day simple moving average is $104.59. 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 $26.83 billion and a PE ratio of 33.48. Veralto Co. has a fifty-two week low of $72.85 and a fifty-two week high of $115.00.

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 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 was up 4.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.75 EPS. As a group, equities research analysts forecast that Veralto Co. will post 3.48 EPS for the current fiscal year.

Veralto Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, October 31st. Stockholders of record on Friday, September 27th were given a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a dividend yield of 0.33%. The ex-dividend date was Friday, September 27th. Veralto’s dividend payout ratio (DPR) is currently 11.11%.

Insider Activity

In other Veralto news, SVP Surekha Trivedi sold 752 shares of Veralto stock in a transaction on Friday, November 1st. The shares were sold at an average price of $102.91, for a total value of $77,388.32. Following the transaction, the senior vice president now directly owns 10,413 shares in the company, valued at approximately $1,071,601.83. The trade was a 6.74 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Jennifer Honeycutt sold 13,190 shares of the company’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 completion of the sale, 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. In the last three months, insiders sold 28,639 shares of company stock valued at $3,175,803. Insiders own 0.31% of the company’s stock.

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.