Janus Henderson Group PLC Lowers Position in Veralto Co. (NYSE:VLTO)

Janus Henderson Group PLC lessened its stake in Veralto Co. (NYSE:VLTO) by 0.5% during the 1st quarter, HoldingsChannel reports. The firm owned 2,867,489 shares of the company’s stock after selling 14,087 shares during the quarter. Janus Henderson Group PLC’s holdings in Veralto were worth $254,233,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also made changes to their positions in VLTO. SG Americas Securities LLC acquired a new position in shares of Veralto during the 4th quarter worth approximately $729,000. Pacer Advisors Inc. acquired a new position in shares of Veralto during the 4th quarter worth approximately $1,362,000. Kingswood Wealth Advisors LLC acquired a new position in shares of Veralto during the 4th quarter worth approximately $226,000. Assenagon Asset Management S.A. acquired a new position in shares of Veralto during the 4th quarter worth approximately $965,000. Finally, Blue Trust Inc. acquired a new position in shares of Veralto during the 4th quarter worth approximately $26,000. 91.28% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on VLTO shares. Robert W. Baird raised their price objective on Veralto from $98.00 to $112.00 and gave the company a “neutral” rating in a report on Monday. Citigroup raised their price objective on Veralto from $89.00 to $94.00 and gave the company a “neutral” rating in a report on Monday, April 8th. Royal Bank of Canada raised their price objective on Veralto from $101.00 to $108.00 and gave the company a “sector perform” rating in a report on Monday. The Goldman Sachs Group raised their price objective on Veralto from $104.00 to $116.00 and gave the company a “buy” rating in a report on Monday. Finally, BMO Capital Markets raised their price objective on Veralto from $97.00 to $101.00 and gave the company an “outperform” rating in a report on Thursday, April 25th. Six equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $103.33.

Veralto Trading Up 1.9 %

Shares of NYSE VLTO traded up $1.96 during trading on Tuesday, hitting $107.06. 1,702,006 shares of the company were exchanged, compared to its average volume of 1,587,343. Veralto Co. has a 12-month low of $65.51 and a 12-month high of $107.86. The company has a debt-to-equity ratio of 1.76, a quick ratio of 1.56 and a current ratio of 1.83. The company has a fifty day moving average price of $99.12 and a 200-day moving average price of $91.40. The firm has a market capitalization of $26.43 billion and a PE ratio of 31.68.

Veralto (NYSE:VLTO) last posted its quarterly earnings results on Thursday, July 25th. The company reported $0.85 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 return on equity of 62.93% and a net margin of 15.60%. The company’s quarterly revenue was up 2.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.80 EPS. As a group, equities research analysts expect that Veralto Co. will post 3.43 EPS for the current year.

Veralto Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 31st. Investors of record on Friday, June 28th will be given a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a dividend yield of 0.34%. The ex-dividend date is Friday, June 28th.

Insider Buying and Selling

In related news, SVP Mattias Bystrom sold 302 shares of the firm’s stock in a transaction dated Thursday, May 23rd. The stock was sold at an average price of $100.38, for a total transaction of $30,314.76. Following the completion of the sale, the senior vice president now directly owns 34,045 shares of the company’s stock, valued at approximately $3,417,437.10. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Veralto news, SVP Mattias Bystrom sold 302 shares of Veralto stock in a transaction dated Thursday, May 23rd. The stock was sold at an average price of $100.38, for a total value of $30,314.76. Following the completion of the transaction, the senior vice president now directly owns 34,045 shares of the company’s stock, valued at approximately $3,417,437.10. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Jennifer Honeycutt 13,191 shares of the company’s stock in a transaction dated Tuesday, July 30th. The disclosure for this trade can be found here. Corporate insiders own 0.31% of the company’s stock.

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.