Kentucky Retirement Systems Purchases 660 Shares of Veralto Co. (NYSE:VLTO)

Kentucky Retirement Systems boosted its position in Veralto Co. (NYSE:VLTO) by 4.0% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 17,215 shares of the company’s stock after acquiring an additional 660 shares during the period. Kentucky Retirement Systems’ holdings in Veralto were worth $1,926,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Empowered Funds LLC grew its position in Veralto by 5.2% in the 3rd quarter. Empowered Funds LLC now owns 3,478 shares of the company’s stock valued at $389,000 after purchasing an additional 172 shares during the period. Empirical Finance LLC lifted its stake in shares of Veralto by 2.3% in the third quarter. Empirical Finance LLC now owns 7,533 shares of the company’s stock valued at $843,000 after buying an additional 170 shares in the last quarter. CIBC Asset Management Inc grew its holdings in shares of Veralto by 17.3% during the third quarter. CIBC Asset Management Inc now owns 36,964 shares of the company’s stock valued at $4,135,000 after buying an additional 5,454 shares during the last quarter. ING Groep NV increased its position in shares of Veralto by 71.0% during the third quarter. ING Groep NV now owns 195,848 shares of the company’s stock worth $21,908,000 after acquiring an additional 81,285 shares in the last quarter. Finally, Tokio Marine Asset Management Co. Ltd. increased its position in shares of Veralto by 1.4% during the third quarter. Tokio Marine Asset Management Co. Ltd. now owns 7,338 shares of the company’s stock worth $821,000 after acquiring an additional 100 shares in the last quarter. Institutional investors and hedge funds own 91.28% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the company. UBS Group assumed coverage on Veralto in a research note on Tuesday, August 13th. They set a “neutral” rating and a $118.00 price target for the company. The Goldman Sachs Group upped their price target on Veralto from $104.00 to $116.00 and gave the stock a “buy” rating in a report on Monday, July 29th. Royal Bank of Canada raised their price objective on Veralto from $108.00 to $111.00 and gave the company a “sector perform” rating in a research note on Friday, October 25th. Robert W. Baird increased their target price on shares of Veralto from $98.00 to $112.00 and gave the company a “neutral” rating in a report on Monday, July 29th. 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 report on Monday, July 29th. Seven equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $108.27.

Insider Transactions at Veralto

In other news, SVP Surekha Trivedi sold 753 shares of Veralto stock in a transaction on Tuesday, October 1st. The stock was sold at an average price of $112.55, for a total value of $84,750.15. Following the completion of the transaction, the senior vice president now directly owns 11,165 shares in the company, valued at approximately $1,256,620.75. The trade was a 6.32 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Jennifer Honeycutt sold 13,190 shares of the stock in a transaction dated 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 directly owns 138,546 shares in the company, valued at $15,260,841.90. This trade represents a 8.69 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 36,038 shares of company stock worth $3,989,693 over the last quarter. Corporate insiders own 0.31% of the company’s stock.

Veralto Trading Down 0.4 %

NYSE:VLTO opened at $102.68 on Monday. Veralto Co. has a 12 month low of $70.06 and a 12 month high of $115.00. The company has a current ratio of 2.13, a quick ratio of 1.87 and a debt-to-equity ratio of 1.35. The firm’s 50 day moving average is $108.57 and its 200 day moving average is $104.13. The stock has a market capitalization of $25.39 billion and a PE ratio of 31.69.

Veralto (NYSE:VLTO) last issued its 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 firm 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 business’s revenue was up 4.7% on a year-over-year basis. During the same period in the previous year, the company posted $0.75 earnings per share. Sell-side analysts expect that Veralto Co. will post 3.48 earnings per share for the current year.

Veralto Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 31st. Shareholders of record on Friday, September 27th were given 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 yield of 0.35%. Veralto’s dividend payout ratio is presently 11.11%.

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.