Veralto Co. (NYSE:VLTO) Shares Sold by Baldwin Investment Management LLC

Baldwin Investment Management LLC decreased its stake in Veralto Co. (NYSE:VLTO) by 3.2% during the 3rd quarter, Holdings Channel reports. The firm owned 3,240 shares of the company’s stock after selling 106 shares during the quarter. Baldwin Investment Management LLC’s holdings in Veralto were worth $362,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Brooklyn Investment Group acquired a new stake in shares of Veralto in the third quarter worth approximately $182,000. Quantbot Technologies LP raised its stake in Veralto by 77.1% in the 3rd quarter. Quantbot Technologies LP now owns 149,756 shares of the company’s stock valued at $16,752,000 after purchasing an additional 65,213 shares during the last quarter. FMR LLC lifted its holdings in Veralto by 5.1% in the 3rd quarter. FMR LLC now owns 3,329,717 shares of the company’s stock valued at $372,462,000 after purchasing an additional 162,347 shares in the last quarter. The Manufacturers Life Insurance Company boosted its stake in Veralto by 10.2% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 163,227 shares of the company’s stock worth $18,259,000 after purchasing an additional 15,048 shares during the last quarter. Finally, Bank of Montreal Can grew its holdings in shares of Veralto by 106.0% during the third quarter. Bank of Montreal Can now owns 455,474 shares of the company’s stock worth $50,239,000 after buying an additional 234,323 shares in the last quarter. Institutional investors and hedge funds own 91.28% of the company’s stock.

Insider Buying and Selling at Veralto

In related news, SVP Surekha Trivedi sold 752 shares of Veralto stock in a transaction that occurred on Friday, November 1st. The shares were sold at an average price of $102.91, for a total value of $77,388.32. Following the completion of the transaction, the senior vice president now owns 10,413 shares in the company, valued at approximately $1,071,601.83. The trade was a 6.74 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Jennifer Honeycutt sold 13,191 shares of the company’s stock in a transaction that occurred on Friday, August 30th. The stock was sold at an average price of $111.98, for a total transaction of $1,477,128.18. Following the sale, the chief executive officer now directly owns 138,546 shares in the company, valued at approximately $15,514,381.08. The trade was a 8.69 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 28,639 shares of company stock valued at $3,175,803 over the last quarter. 0.31% of the stock is owned by company insiders.

Veralto Stock Performance

Shares of Veralto stock opened at $107.97 on Thursday. The business’s fifty day simple moving average is $108.06 and its 200-day simple moving average is $104.70. The company has a quick ratio of 1.87, a current ratio of 2.13 and a debt-to-equity ratio of 1.35. The firm has a market cap of $26.70 billion and a PE ratio of 33.32. Veralto Co. has a 52 week low of $72.85 and a 52 week high of $115.00.

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

Veralto Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, October 31st. Investors of record on Friday, September 27th were issued a $0.09 dividend. The ex-dividend date of this dividend was Friday, September 27th. This represents a $0.36 annualized dividend and a yield of 0.33%. Veralto’s dividend payout ratio (DPR) is presently 11.11%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the stock. UBS Group assumed coverage on shares of Veralto in a research note on Tuesday, August 13th. They issued a “neutral” rating and a $118.00 price target on the stock. Royal Bank of Canada increased their price objective 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. Stifel Nicolaus boosted their target price on Veralto from $117.00 to $119.00 and gave the stock a “buy” rating in a report on Wednesday, October 16th. Finally, BMO Capital Markets increased their price target on Veralto from $117.00 to $119.00 and gave the company an “outperform” rating in a report on Monday, September 30th. Seven equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat, Veralto presently has an average rating of “Hold” and an average target price of $108.27.

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.