Veralto Co. (NYSE:VLTO) Shares Sold by TD Private Client Wealth LLC

TD Private Client Wealth LLC decreased its holdings in shares of Veralto Co. (NYSE:VLTO) by 1.6% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 12,260 shares of the company’s stock after selling 202 shares during the period. TD Private Client Wealth LLC’s holdings in Veralto were worth $1,371,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Canada Pension Plan Investment Board boosted its stake in shares of Veralto by 32.9% during the 2nd quarter. Canada Pension Plan Investment Board now owns 243,600 shares of the company’s stock worth $23,256,000 after acquiring an additional 60,300 shares in the last quarter. Wealth Enhancement Advisory Services LLC boosted its stake in shares of Veralto by 126.0% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 67,670 shares of the company’s stock worth $6,460,000 after acquiring an additional 37,721 shares in the last quarter. Mirova US LLC boosted its stake in shares of Veralto by 2.2% during the 2nd quarter. Mirova US LLC now owns 1,055,767 shares of the company’s stock worth $100,794,000 after acquiring an additional 22,324 shares in the last quarter. Northstar Asset Management Inc. boosted its stake in shares of Veralto by 22.5% during the 3rd quarter. Northstar Asset Management Inc. now owns 78,326 shares of the company’s stock worth $8,762,000 after acquiring an additional 14,398 shares in the last quarter. Finally, Ecofi Investissements SA purchased a new stake in shares of Veralto during the 2nd quarter worth approximately $7,019,000. Hedge funds and other institutional investors own 91.28% of the company’s stock.

Insider Transactions at Veralto

In other news, SVP Surekha Trivedi sold 752 shares of the company’s stock in a transaction on Friday, November 1st. The stock was sold at an average price of $102.91, for a total transaction of $77,388.32. Following the completion of the sale, the senior vice president now directly owns 10,413 shares in the company, valued at $1,071,601.83. This represents a 6.74 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CEO Jennifer Honeycutt sold 13,190 shares of the company’s stock in a transaction on Monday, September 30th. The stock was sold at an average price of $110.15, for a total value of $1,452,878.50. Following the sale, the chief executive officer now owns 138,546 shares of the company’s stock, valued at approximately $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. Insiders sold a total of 14,695 shares of company stock worth $1,615,017 in the last ninety days. Insiders own 0.31% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the company. 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 note on Friday, October 25th. 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. Jefferies Financial Group began coverage on Veralto in a research note on Thursday. They issued a “buy” rating and a $125.00 target price on the stock. Finally, Stifel Nicolaus reduced their target price on Veralto from $119.00 to $117.00 and set a “buy” rating on the stock in a research note on Wednesday. Seven research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $109.50.

Veralto Trading Up 0.4 %

Shares of VLTO opened at $105.81 on Friday. The stock has a fifty day moving average of $107.29 and a two-hundred day moving average of $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. The company 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. Veralto Co. has a fifty-two week low of $73.91 and a fifty-two week high of $115.00.

Veralto (NYSE:VLTO) last issued its quarterly earnings results on Wednesday, October 23rd. The company reported $0.89 earnings per share 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 the consensus estimate of $1.30 billion. Veralto had a return on equity of 52.85% and a net margin of 15.69%. Veralto’s revenue was up 4.7% on a year-over-year basis. During the same period in the previous year, the firm posted $0.75 EPS. As a group, analysts forecast that Veralto Co. will post 3.48 EPS for the current year.

Veralto Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 31st. Stockholders of record on Friday, September 27th were issued a dividend of $0.09 per share. The ex-dividend date of this dividend was Friday, September 27th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 0.34%. Veralto’s payout ratio is 11.11%.

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.