4,192 Shares in Veralto Co. (NYSE:VLTO) Acquired by Cim Investment Management Inc.

Cim Investment Management Inc. acquired a new position in shares of Veralto Co. (NYSE:VLTO) in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 4,192 shares of the company’s stock, valued at approximately $469,000.

A number of other institutional investors also recently bought and sold shares of VLTO. Wilmington Savings Fund Society FSB lifted its stake in Veralto by 48.9% in the 3rd quarter. Wilmington Savings Fund Society FSB now owns 28,583 shares of the company’s stock valued at $3,197,000 after buying an additional 9,382 shares in the last quarter. World Investment Advisors LLC acquired a new position in Veralto in the 3rd quarter valued at about $202,000. Virtu Financial LLC boosted its stake in shares of Veralto by 301.9% during the 3rd quarter. Virtu Financial LLC now owns 15,823 shares of the company’s stock worth $1,770,000 after purchasing an additional 11,886 shares during the last quarter. Toronto Dominion Bank boosted its stake in shares of Veralto by 11.1% during the 3rd quarter. Toronto Dominion Bank now owns 123,559 shares of the company’s stock worth $13,821,000 after purchasing an additional 12,350 shares during the last quarter. Finally, Coldstream Capital Management Inc. grew its holdings in shares of Veralto by 1.9% during the third quarter. Coldstream Capital Management Inc. now owns 6,295 shares of the company’s stock worth $703,000 after buying an additional 116 shares in the last quarter. 91.28% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Veralto

In other Veralto news, CEO Jennifer Honeycutt sold 13,190 shares of the firm’s stock in a transaction dated 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 transaction, the chief executive officer now owns 138,546 shares of the company’s stock, valued at $15,260,841.90. This trade represents a 8.69 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, SVP Surekha Trivedi sold 752 shares of the firm’s 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 completion of the sale, the senior vice president now owns 10,413 shares in the company, valued at $1,071,601.83. The trade was a 6.74 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 14,695 shares of company stock valued at $1,615,017. Insiders own 0.31% of the company’s stock.

Wall Street Analyst Weigh In

VLTO has been the subject of several analyst reports. Jefferies Financial Group began coverage on Veralto in a report on Thursday. They issued a “buy” rating and a $125.00 price target for the company. BMO Capital Markets upped their target price on Veralto from $117.00 to $119.00 and gave the company an “outperform” rating in a research note on Monday, September 30th. Stifel Nicolaus decreased their target price on shares of Veralto from $119.00 to $117.00 and set a “buy” rating on the stock in a research report on Wednesday. Finally, Royal Bank of Canada boosted their target price on shares of Veralto from $108.00 to $111.00 and gave the company a “sector perform” rating in a report on Friday, October 25th. Seven investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, Veralto currently has a consensus rating of “Hold” and an average target price of $109.50.

Veralto Stock Performance

Veralto stock opened at $105.81 on Friday. The firm has a market capitalization of $26.17 billion, a PE ratio of 32.66, a price-to-earnings-growth ratio of 4.35 and a beta of 0.91. The stock’s 50 day moving average price is $107.29 and its 200 day moving average price is $105.24. The company has a debt-to-equity ratio of 1.35, a quick ratio of 1.87 and a current ratio of 2.13. Veralto Co. has a one year low of $73.91 and a one year high of $115.00.

Veralto (NYSE:VLTO) last announced its earnings results on Wednesday, October 23rd. The company reported $0.89 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.85 by $0.04. The business had revenue of $1.31 billion for the quarter, compared to analyst estimates of $1.30 billion. Veralto had a return on equity of 52.85% and a net margin of 15.69%. The company’s revenue for the quarter was up 4.7% compared to the same quarter last year. During the same period in the previous year, the company earned $0.75 earnings per share. As a group, sell-side analysts expect that Veralto Co. will post 3.48 EPS for the current fiscal year.

Veralto Dividend Announcement

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