Price T Rowe Associates Inc. MD Has $186.19 Million Position in Veralto Co. (NYSE:VLTO)

Price T Rowe Associates Inc. MD lowered its holdings in Veralto Co. (NYSE:VLTO) by 51.5% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 2,100,025 shares of the company’s stock after selling 2,226,811 shares during the quarter. Price T Rowe Associates Inc. MD owned about 0.85% of Veralto worth $186,189,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Magnetar Financial LLC acquired a new position in Veralto in the first quarter worth $2,085,000. PEAK6 Investments LLC boosted its stake in Veralto by 20.7% in the first quarter. PEAK6 Investments LLC now owns 2,655 shares of the company’s stock worth $235,000 after purchasing an additional 456 shares in the last quarter. LRI Investments LLC acquired a new position in Veralto in the first quarter worth $30,000. Capital International Sarl boosted its stake in Veralto by 10.9% in the first quarter. Capital International Sarl now owns 46,336 shares of the company’s stock worth $4,108,000 after purchasing an additional 4,544 shares in the last quarter. Finally, Toronto Dominion Bank boosted its stake in Veralto by 1.6% in the first quarter. Toronto Dominion Bank now owns 128,482 shares of the company’s stock worth $11,391,000 after purchasing an additional 2,030 shares in the last quarter. Institutional investors and hedge funds own 91.28% of the company’s stock.

Veralto Stock Up 1.2 %

Shares of NYSE VLTO traded up $1.23 during mid-day trading on Monday, reaching $106.10. 585,262 shares of the company’s stock were exchanged, compared to its average volume of 1,575,079. The firm has a market capitalization of $26.19 billion and a price-to-earnings ratio of 31.68. The company has a current ratio of 1.83, a quick ratio of 1.56 and a debt-to-equity ratio of 1.76. The business has a fifty day simple moving average of $98.99 and a 200 day simple moving average of $91.19. Veralto Co. has a twelve month low of $65.51 and a twelve month high of $107.86.

Veralto (NYSE:VLTO) last announced its earnings results on Thursday, July 25th. The company reported $0.85 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.80 by $0.05. Veralto had a return on equity of 62.93% and a net margin of 15.60%. The business had revenue of $1.29 billion for the quarter, compared to analyst estimates of $1.28 billion. During the same quarter last year, the firm earned $0.80 EPS. Veralto’s revenue for the quarter was up 2.8% compared to the same quarter last year. As a group, equities analysts expect that Veralto Co. will post 3.43 EPS for the current fiscal year.

Veralto Dividend Announcement

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

Wall Street Analysts Forecast Growth

VLTO has been the topic of a number of recent analyst reports. Royal Bank of Canada reissued a “sector perform” rating and issued a $101.00 price objective on shares of Veralto in a research note on Friday, June 14th. TD Cowen started coverage on Veralto in a research note on Monday, June 17th. They set a “hold” rating and a $95.00 price target on the stock. Citigroup upped their price target on Veralto from $89.00 to $94.00 and gave the company a “neutral” rating in a research note on Monday, April 8th. Robert W. Baird upped their price target on Veralto from $98.00 to $112.00 and gave the company a “neutral” rating in a research note on Monday. Finally, Stifel Nicolaus upped their price target on Veralto from $110.00 to $117.00 and gave the company a “buy” rating in a research note on Monday. Six research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, Veralto presently has a consensus rating of “Moderate Buy” and an average target price of $98.83.

Insider Activity at Veralto

In related news, SVP Mattias Bystrom sold 302 shares of Veralto stock in a transaction that occurred on Thursday, May 23rd. The stock was sold at an average price of $100.38, for a total value of $30,314.76. Following the sale, the senior vice president now owns 34,045 shares of the company’s stock, valued at approximately $3,417,437.10. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.31% of the stock is owned by insiders.

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.