Tokio Marine Asset Management Co. Ltd. Has $821,000 Stock Holdings in Veralto Co. (NYSE:VLTO)

Tokio Marine Asset Management Co. Ltd. grew its position in Veralto Co. (NYSE:VLTO) by 1.4% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 7,338 shares of the company’s stock after acquiring an additional 100 shares during the quarter. Tokio Marine Asset Management Co. Ltd.’s holdings in Veralto were worth $821,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Ashton Thomas Securities LLC bought a new stake in Veralto in the third quarter valued at about $25,000. Goodman Advisory Group LLC acquired a new position in shares of Veralto in the 2nd quarter worth approximately $26,000. Fairscale Capital LLC acquired a new stake in Veralto during the 2nd quarter valued at $30,000. Raleigh Capital Management Inc. boosted its stake in Veralto by 692.3% in the third quarter. Raleigh Capital Management Inc. now owns 309 shares of the company’s stock worth $35,000 after purchasing an additional 270 shares in the last quarter. Finally, LRI Investments LLC bought a new position in shares of Veralto in the first quarter valued at about $30,000. Institutional investors and hedge funds own 91.28% of the company’s stock.

Veralto Trading Down 0.4 %

Shares of NYSE:VLTO opened at $102.68 on Friday. The company has a debt-to-equity ratio of 1.35, a current ratio of 2.13 and a quick ratio of 1.87. Veralto Co. has a 1 year low of $70.06 and a 1 year high of $115.00. The company has a market capitalization of $25.39 billion and a P/E ratio of 31.69. The business’s 50 day simple moving average is $108.69 and its 200 day simple moving average is $104.00.

Veralto (NYSE:VLTO) last issued its quarterly 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 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 quarter last year, the company posted $0.75 EPS. On average, research analysts anticipate that Veralto Co. will post 3.48 EPS for the current fiscal year.

Veralto Dividend Announcement

The business also recently declared 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 was Friday, September 27th. This represents a $0.36 annualized dividend and a dividend yield of 0.35%. Veralto’s dividend payout ratio (DPR) is presently 11.11%.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the stock. Robert W. Baird boosted their target price on shares of Veralto from $98.00 to $112.00 and gave the stock a “neutral” rating in a research note on Monday, July 29th. Royal Bank of Canada lifted their target price on Veralto from $108.00 to $111.00 and gave the company a “sector perform” rating in a research note on Friday, October 25th. Stifel Nicolaus raised their price target on Veralto from $117.00 to $119.00 and gave the company a “buy” rating in a report on Wednesday, October 16th. TD Cowen upped their target price on shares of Veralto from $95.00 to $100.00 and gave the company a “hold” rating in a research report on Tuesday, July 30th. Finally, Deutsche Bank Aktiengesellschaft boosted their price target on shares of Veralto from $100.00 to $109.00 and gave the stock a “hold” rating in a research note on Monday, July 29th. Seven investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat, Veralto has a consensus rating of “Hold” and a consensus target price of $108.27.

Insiders Place Their Bets

In other 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 transaction of $77,388.32. Following the transaction, the senior vice president now 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Jennifer Honeycutt sold 13,190 shares of the 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 sale, the chief executive officer now 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. Insiders sold a total of 36,038 shares of company stock valued at $3,989,693 in the last 90 days. Corporate 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.