Knuff & Co LLC Grows Stock Holdings in Veralto Co. (NYSE:VLTO)

Knuff & Co LLC raised its holdings in shares of Veralto Co. (NYSE:VLTO) by 32.9% during the third quarter, HoldingsChannel reports. 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 Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in VLTO. Ashton Thomas Securities LLC purchased a new position in shares of Veralto in the third quarter valued at $25,000. Goodman Advisory Group LLC bought a new position in Veralto in the 2nd quarter worth about $26,000. LRI Investments LLC purchased a new position in Veralto during the 1st quarter valued at about $30,000. Fairscale Capital LLC purchased a new position in Veralto during the 2nd quarter valued at about $30,000. Finally, Hazlett Burt & Watson Inc. increased its position in shares of Veralto by 11,100.0% during the second quarter. Hazlett Burt & Watson Inc. now owns 336 shares of the company’s stock valued at $32,000 after buying an additional 333 shares during the period. Hedge funds and other institutional investors own 91.28% of the company’s stock.

Analyst Ratings Changes

VLTO has been the subject of a number of analyst reports. UBS Group started coverage on shares of Veralto in a research report on Tuesday, August 13th. They issued a “neutral” rating and a $118.00 price objective for the company. Royal Bank of Canada raised their price target on shares of Veralto from $108.00 to $111.00 and gave the company a “sector perform” rating in a report on Friday, October 25th. Deutsche Bank Aktiengesellschaft upped 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. TD Cowen lifted their price objective on Veralto from $95.00 to $100.00 and gave the company a “hold” rating in a research note on Tuesday, July 30th. Finally, Robert W. Baird upped their target price on Veralto from $98.00 to $112.00 and gave the stock a “neutral” rating in a research note on Monday, July 29th. Seven analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $108.27.

Veralto Stock Performance

Shares of NYSE VLTO opened at $102.84 on Tuesday. The stock has a market cap of $25.43 billion and a price-to-earnings ratio of 31.74. The stock’s 50-day moving average is $108.57 and its 200 day moving average is $104.20. The company has a current ratio of 2.13, a quick ratio of 1.87 and a debt-to-equity ratio of 1.35. Veralto Co. has a 1-year low of $70.47 and a 1-year high of $115.00.

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

Veralto Announces Dividend

The business also recently disclosed 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. The ex-dividend date of this dividend was Friday, September 27th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 0.35%. Veralto’s dividend payout ratio (DPR) is currently 11.11%.

Insider Transactions at Veralto

In other Veralto news, 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 value of $813,890.00. Following the transaction, the senior vice president now directly owns 12,671 shares of the company’s stock, valued at $1,393,810. The trade was a 36.87 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, 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 value of $1,477,128.18. Following the sale, the chief executive officer now directly owns 138,546 shares of the company’s stock, valued at approximately $15,514,381.08. This trade represents a 8.69 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 36,038 shares of company stock worth $3,989,693. Company insiders own 0.31% of the company’s stock.

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.