Janus Henderson Group PLC Grows Position in Veralto Co. (NYSE:VLTO)

Janus Henderson Group PLC boosted its stake in shares of Veralto Co. (NYSE:VLTO) by 0.4% during the 3rd quarter, Holdings Channel reports. The firm owned 2,885,996 shares of the company’s stock after acquiring an additional 11,430 shares during the quarter. Janus Henderson Group PLC’s holdings in Veralto were worth $322,827,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently bought and sold shares of the company. Ashton Thomas Securities LLC purchased a new stake in shares of Veralto in the 3rd quarter valued at $25,000. Goodman Advisory Group LLC purchased a new stake in shares of Veralto in the 2nd quarter valued at $26,000. Fairscale Capital LLC purchased a new stake in shares of Veralto in the 2nd quarter valued at $30,000. Raleigh Capital Management Inc. boosted its holdings in shares of Veralto by 692.3% in the 3rd quarter. Raleigh Capital Management Inc. now owns 309 shares of the company’s stock valued at $35,000 after acquiring an additional 270 shares during the last quarter. Finally, Hazlett Burt & Watson Inc. boosted its holdings in shares of Veralto by 11,100.0% in the 2nd quarter. Hazlett Burt & Watson Inc. now owns 336 shares of the company’s stock valued at $32,000 after acquiring an additional 333 shares during the last quarter. Hedge funds and other institutional investors own 91.28% of the company’s stock.

Insider Activity

In other news, SVP Surekha Trivedi sold 753 shares of the stock in a transaction dated Tuesday, October 1st. The shares were sold at an average price of $112.55, for a total value of $84,750.15. Following the completion of the sale, the senior vice president now directly owns 11,165 shares in the company, valued at $1,256,620.75. This represents a 6.32 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Jennifer Honeycutt sold 13,190 shares of the stock in a transaction dated Monday, September 30th. The shares were sold at an average price of $110.15, for a total transaction 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. This trade represents a 8.69 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 14,695 shares of company stock worth $1,615,017 over the last three months. Insiders own 0.31% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently commented on VLTO shares. Stifel Nicolaus upped their price objective on shares of Veralto from $117.00 to $119.00 and gave the company a “buy” rating in a report on Wednesday, October 16th. UBS Group started coverage on shares of Veralto in a report on Tuesday, August 13th. They issued a “neutral” rating and a $118.00 price objective on the stock. BMO Capital Markets upped their price objective on shares of Veralto from $117.00 to $119.00 and gave the company an “outperform” rating in a report on Monday, September 30th. Finally, Royal Bank of Canada increased their price target on shares of Veralto from $108.00 to $111.00 and gave the stock a “sector perform” rating in a report on Friday, October 25th. Seven equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $108.27.

Veralto Stock Performance

NYSE:VLTO opened at $107.31 on Wednesday. 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 fifty day moving average of $107.85 and a two-hundred day moving average of $105.02. The stock has a market capitalization of $26.54 billion, a PE ratio of 33.12, a P/E/G ratio of 4.40 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 posted its quarterly earnings data on Wednesday, October 23rd. The company reported $0.89 earnings per share for the quarter, topping analysts’ consensus estimates of $0.85 by $0.04. The company had revenue of $1.31 billion during the quarter, compared to analysts’ expectations of $1.30 billion. Veralto had a net margin of 15.69% and a return on equity of 52.85%. The firm’s revenue for the quarter was up 4.7% on a year-over-year basis. During the same period in the prior year, the business posted $0.75 earnings per share. As a group, research analysts forecast 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 given a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a dividend yield of 0.34%. The ex-dividend date was Friday, September 27th. Veralto’s dividend payout ratio (DPR) 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.