Knuff & Co LLC Purchases 1,594 Shares of Veralto Co. (NYSE:VLTO)

Knuff & Co LLC grew its position in Veralto Co. (NYSE:VLTO) by 32.9% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 6,441 shares of the company’s stock after purchasing an additional 1,594 shares during the quarter. Knuff & Co LLC’s holdings in Veralto were worth $720,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of the company. Ashton Thomas Securities LLC acquired a new stake in shares of Veralto during the 3rd quarter worth approximately $25,000. Goodman Advisory Group LLC acquired a new stake in Veralto in the second quarter worth $26,000. Fairscale Capital LLC bought a new stake in Veralto in the second quarter valued at $30,000. Raleigh Capital Management Inc. raised its holdings in shares of Veralto by 692.3% during the third quarter. Raleigh Capital Management Inc. now owns 309 shares of the company’s stock valued at $35,000 after purchasing an additional 270 shares during the period. Finally, LRI Investments LLC acquired a new stake in shares of Veralto in the 1st quarter valued at about $30,000. Institutional investors own 91.28% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on VLTO shares. Deutsche Bank Aktiengesellschaft raised their price objective on Veralto from $100.00 to $109.00 and gave the company a “hold” rating in a research note on Monday, July 29th. UBS Group started coverage on shares of Veralto in a research note on Tuesday, August 13th. They set a “neutral” rating and a $118.00 price target for the company. TD Cowen raised their price objective on shares of Veralto from $95.00 to $100.00 and gave the company a “hold” rating in a research note on Tuesday, July 30th. BMO Capital Markets boosted their target price on shares of Veralto from $117.00 to $119.00 and gave the stock an “outperform” rating in a research report on Monday, September 30th. Finally, Robert W. Baird raised their price target on shares of Veralto from $98.00 to $112.00 and gave the company a “neutral” rating in a research report on Monday, July 29th. Seven research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, Veralto presently has a consensus rating of “Hold” and an average target price of $108.27.

Veralto Trading Up 0.2 %

NYSE:VLTO opened at $102.84 on Tuesday. Veralto Co. has a 52 week low of $70.47 and a 52 week high of $115.00. The firm has a 50-day moving average price of $108.57 and a two-hundred day moving average price of $104.20. 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 firm has a market cap of $25.43 billion and a price-to-earnings ratio of 31.74.

Veralto (NYSE:VLTO) last issued its quarterly earnings results on Wednesday, October 23rd. The company reported $0.89 EPS for the quarter, beating analysts’ consensus estimates of $0.85 by $0.04. Veralto had a return on equity of 52.85% and a net margin of 15.69%. The company had revenue of $1.31 billion during the quarter, compared to the consensus estimate of $1.30 billion. During the same period last year, the business posted $0.75 earnings per share. Veralto’s revenue was up 4.7% on a year-over-year basis. On average, equities analysts expect that Veralto Co. will post 3.48 earnings per share for the current fiscal year.

Veralto Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 31st. Stockholders of record on Friday, September 27th were paid a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a dividend yield of 0.35%. The ex-dividend date was Friday, September 27th. Veralto’s payout ratio is 11.11%.

Insider Buying and Selling

In other news, CEO Jennifer Honeycutt sold 13,191 shares of the stock in a transaction that occurred on Friday, August 30th. The shares were sold at an average price of $111.98, for a total transaction of $1,477,128.18. Following the completion of the transaction, the chief executive officer now directly owns 138,546 shares of the company’s stock, valued at $15,514,381.08. This represents a 8.69 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Surekha Trivedi sold 7,399 shares of Veralto stock in a transaction that occurred on Wednesday, August 21st. The stock was sold at an average price of $110.00, for a total transaction of $813,890.00. Following the completion of the sale, the senior vice president now directly owns 12,671 shares in the company, valued at $1,393,810. This trade represents a 36.87 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 36,038 shares of company stock valued at $3,989,693. 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.