Capital International Ltd. CA Takes Position in Veralto Co. (NYSE:VLTO)

Capital International Ltd. CA bought a new stake in Veralto Co. (NYSE:VLTO) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 27,956 shares of the company’s stock, valued at approximately $2,300,000.

Other large investors also recently modified their holdings of the company. Sugarloaf Wealth Management LLC bought a new stake in shares of Veralto in the fourth quarter worth $25,000. Blue Trust Inc. bought a new stake in shares of Veralto in the fourth quarter worth $26,000. First Command Advisory Services Inc. bought a new stake in shares of Veralto in the fourth quarter worth $25,000. Delta Asset Management LLC TN grew its holdings in shares of Veralto by 216.0% in the fourth quarter. Delta Asset Management LLC TN now owns 316 shares of the company’s stock worth $26,000 after acquiring an additional 216 shares during the period. Finally, Livforsakringsbolaget Skandia Omsesidigt bought a new stake in shares of Veralto in the fourth quarter worth $27,000. Institutional investors own 91.28% of the company’s stock.

Insider Activity at Veralto

In related news, SVP Melissa Aquino sold 8,041 shares of the stock in a transaction that occurred on Friday, April 26th. The stock was sold at an average price of $93.56, for a total transaction of $752,315.96. Following the completion of the transaction, the senior vice president now directly owns 20,761 shares of the company’s stock, valued at $1,942,399.16. The sale was disclosed in a filing with the SEC, which is available through this link. In related news, SVP Melissa Aquino sold 8,041 shares of the firm’s stock in a transaction that occurred on Friday, April 26th. The stock was sold at an average price of $93.56, for a total transaction of $752,315.96. Following the completion of the sale, the senior vice president now directly owns 20,761 shares of the company’s stock, valued at approximately $1,942,399.16. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Mattias Bystrom sold 302 shares of the firm’s stock in a transaction that occurred on Thursday, May 23rd. The stock was sold at an average price of $100.38, for a total value of $30,314.76. Following the sale, the senior vice president now directly owns 34,045 shares of the company’s stock, valued at $3,417,437.10. The disclosure for this sale can be found here. 0.31% of the stock is owned by corporate insiders.

Veralto Stock Up 0.2 %

Shares of NYSE:VLTO traded up $0.21 during trading on Wednesday, hitting $100.65. 435,127 shares of the company’s stock were exchanged, compared to its average volume of 1,595,274. The company has a debt-to-equity ratio of 1.76, a quick ratio of 1.56 and a current ratio of 1.83. Veralto Co. has a 52-week low of $65.51 and a 52-week high of $102.58. The business’s 50-day simple moving average is $94.02 and its 200 day simple moving average is $85.57.

Veralto (NYSE:VLTO) last released its earnings results on Tuesday, April 23rd. The company reported $0.84 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.76 by $0.08. The business had revenue of $1.25 billion for the quarter, compared to analysts’ expectations of $1.23 billion. The company’s quarterly revenue was up 1.7% compared to the same quarter last year. As a group, research analysts anticipate that Veralto Co. will post 3.34 EPS for the current year.

Veralto Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 31st. Investors of record on Friday, June 28th will be paid a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a yield of 0.36%. The ex-dividend date is Friday, June 28th.

Analyst Upgrades and Downgrades

VLTO has been the subject of several recent research reports. Stifel Nicolaus boosted their price target on Veralto from $92.00 to $97.00 and gave the company a “buy” rating in a report on Wednesday, April 17th. BNP Paribas assumed coverage on Veralto in a research report on Tuesday, March 12th. They issued an “outperform” rating and a $103.00 price target for the company. Robert W. Baird upped their price target on Veralto from $90.00 to $98.00 and gave the stock a “neutral” rating in a research report on Thursday, April 25th. The Goldman Sachs Group assumed coverage on Veralto in a research report on Friday, March 22nd. They issued a “buy” rating and a $104.00 price target for the company. Finally, Citigroup upped their price target on Veralto from $89.00 to $94.00 and gave the stock a “neutral” rating in a research report on Monday, April 8th. Five equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, Veralto currently has a consensus rating of “Moderate Buy” and a consensus price target of $95.18.

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.