Veralto Co. (NYSE:VLTO) Shares Sold by National Bank of Canada FI

National Bank of Canada FI cut its stake in Veralto Co. (NYSE:VLTO) by 1.1% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 96,950 shares of the company’s stock after selling 1,107 shares during the quarter. National Bank of Canada FI’s holdings in Veralto were worth $10,844,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of VLTO. Ashton Thomas Securities LLC purchased a new stake in shares of Veralto in the third quarter valued at approximately $25,000. Goodman Advisory Group LLC purchased a new stake in shares of Veralto in the second quarter valued at approximately $26,000. Fairscale Capital LLC purchased a new stake in shares of Veralto in the second quarter valued at approximately $30,000. Hazlett Burt & Watson Inc. increased its position in shares of Veralto by 11,100.0% in the second quarter. Hazlett Burt & Watson Inc. now owns 336 shares of the company’s stock valued at $32,000 after buying an additional 333 shares in the last quarter. Finally, Raleigh Capital Management Inc. increased its position in shares of Veralto by 692.3% in the third quarter. Raleigh Capital Management Inc. now owns 309 shares of the company’s stock valued at $35,000 after buying an additional 270 shares in the last quarter. 91.28% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, SVP Surekha Trivedi sold 753 shares of the company’s stock in a transaction on Tuesday, October 1st. The stock was sold at an average price of $112.55, for a total value of $84,750.15. Following the transaction, the senior vice president now owns 11,165 shares of the company’s stock, valued at $1,256,620.75. This represents a 6.32 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Jennifer Honeycutt sold 13,190 shares of the company’s stock in a transaction on Monday, September 30th. The shares were sold at an average price of $110.15, for a total value of $1,452,878.50. Following the completion of the transaction, the chief executive officer now directly owns 138,546 shares in the company, valued at approximately $15,260,841.90. This trade represents a 8.69 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 14,695 shares of company stock valued at $1,615,017 in the last quarter. Insiders own 0.31% of the company’s stock.

Veralto Stock Down 0.3 %

Shares of NYSE:VLTO opened at $106.39 on Wednesday. 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 business has a fifty day moving average of $107.48 and a two-hundred day moving average of $105.21. The stock has a market cap of $26.31 billion, a P/E ratio of 32.84, a PEG ratio of 4.39 and a beta of 0.91. 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 the consensus estimate of $0.85 by $0.04. The company had revenue of $1.31 billion during the quarter, compared to analysts’ expectations of $1.30 billion. Veralto had a return on equity of 52.85% and a net margin of 15.69%. The firm’s quarterly revenue was up 4.7% on a year-over-year basis. During the same period in the prior year, the business earned $0.75 EPS. On average, research analysts expect that Veralto Co. will post 3.48 earnings per share for the current year.

Veralto Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 31st. Stockholders of record on Friday, September 27th were paid a $0.09 dividend. This represents a $0.36 annualized dividend and a dividend yield of 0.34%. The ex-dividend date was Friday, September 27th. Veralto’s dividend payout ratio (DPR) is presently 11.11%.

Analysts Set New Price Targets

A number of analysts have recently commented on VLTO shares. Stifel Nicolaus boosted their price objective on Veralto from $117.00 to $119.00 and gave the company a “buy” rating in a research report on Wednesday, October 16th. BMO Capital Markets boosted their price target on Veralto from $117.00 to $119.00 and gave the stock an “outperform” rating in a research report on Monday, September 30th. Royal Bank of Canada boosted their price target on Veralto from $108.00 to $111.00 and gave the stock a “sector perform” rating in a research report on Friday, October 25th. Finally, UBS Group initiated coverage on Veralto in a research report on Tuesday, August 13th. They set a “neutral” rating and a $118.00 price target for the company. Seven research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, Veralto presently has a consensus rating of “Hold” and a consensus price target 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.