BNP PARIBAS ASSET MANAGEMENT Holding S.A. Increases Position in Veralto Co. (NYSE:VLTO)

BNP PARIBAS ASSET MANAGEMENT Holding S.A. boosted its stake in Veralto Co. (NYSE:VLTO) by 32.4% during the third quarter, according to its most recent 13F filing with the SEC. The firm owned 199,370 shares of the company’s stock after acquiring an additional 48,808 shares during the quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. owned 0.08% of Veralto worth $22,302,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Ashton Thomas Securities LLC purchased a new stake in shares of Veralto during the third quarter worth about $25,000. Goodman Advisory Group LLC purchased a new stake in Veralto during the 2nd quarter worth approximately $26,000. LRI Investments LLC acquired a new position in shares of Veralto during the first quarter valued at approximately $30,000. Fairscale Capital LLC purchased a new position in shares of Veralto in the second quarter valued at approximately $30,000. Finally, Hazlett Burt & Watson Inc. boosted its stake in shares of Veralto by 11,100.0% in the second quarter. Hazlett Burt & Watson Inc. now owns 336 shares of the company’s stock worth $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.

Analyst Ratings Changes

VLTO has been the topic of a number of research reports. Stifel Nicolaus raised their price objective on Veralto from $117.00 to $119.00 and gave the company a “buy” rating in a report on Wednesday, October 16th. Deutsche Bank Aktiengesellschaft increased their price target on shares of Veralto from $100.00 to $109.00 and gave the company a “hold” rating in a research note on Monday, July 29th. TD Cowen lifted their price target on shares of Veralto from $95.00 to $100.00 and gave the company a “hold” rating in a research report on Tuesday, July 30th. The Goldman Sachs Group increased their price objective on Veralto from $104.00 to $116.00 and gave the stock a “buy” rating in a research report on Monday, July 29th. Finally, Robert W. Baird lifted their target price on Veralto from $98.00 to $112.00 and gave the company a “neutral” rating in a research report on Monday, July 29th. Seven research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat, Veralto currently has an average rating of “Hold” and an average target price of $108.27.

Insider Activity

In other Veralto news, SVP Surekha Trivedi sold 753 shares of Veralto stock in a transaction dated Tuesday, October 1st. The stock was sold at an average price of $112.55, for a total transaction of $84,750.15. Following the completion of the sale, the senior vice president now directly owns 11,165 shares of the company’s stock, valued at $1,256,620.75. The trade was a 6.32 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Jennifer Honeycutt sold 13,191 shares of the stock in a transaction dated 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 completion of the transaction, the chief executive officer now owns 138,546 shares in the company, valued at approximately $15,514,381.08. The trade was a 8.69 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 28,639 shares of company stock worth $3,175,803. 0.31% of the stock is currently owned by company insiders.

Veralto Trading Up 0.4 %

NYSE VLTO opened at $106.41 on Friday. 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 firm has a market cap of $26.32 billion and a price-to-earnings ratio of 32.84. The firm has a 50 day simple moving average of $108.11 and a 200-day simple moving average of $104.40. Veralto Co. has a one year low of $72.23 and a one year high of $115.00.

Veralto (NYSE:VLTO) last issued its quarterly earnings results on Wednesday, October 23rd. The company reported $0.89 EPS for the quarter, beating the consensus estimate 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 was up 4.7% compared to the same quarter last year. During the same quarter last year, the company posted $0.75 EPS. Equities research analysts anticipate that Veralto Co. will post 3.48 EPS for the current fiscal year.

Veralto Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, October 31st. Shareholders of record on Friday, September 27th were given a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a yield of 0.34%. The ex-dividend date was Friday, September 27th. Veralto’s dividend payout ratio is currently 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.