Loomis Sayles & Co. L P Boosts Position in Veralto Co. (NYSE:VLTO)

Loomis Sayles & Co. L P lifted its stake in shares of Veralto Co. (NYSE:VLTO) by 1.8% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 321,007 shares of the company’s stock after buying an additional 5,662 shares during the quarter. Loomis Sayles & Co. L P owned about 0.13% of Veralto worth $35,908,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of VLTO. Daiwa Securities Group Inc. lifted its position in Veralto by 6.6% in the third quarter. Daiwa Securities Group Inc. now owns 89,350 shares of the company’s stock valued at $9,995,000 after acquiring an additional 5,562 shares during the last quarter. Centaurus Financial Inc. lifted its holdings in shares of Veralto by 15.5% in the 3rd quarter. Centaurus Financial Inc. now owns 2,051 shares of the company’s stock valued at $229,000 after purchasing an additional 276 shares during the last quarter. Larson Financial Group LLC boosted its position in shares of Veralto by 562.3% in the 3rd quarter. Larson Financial Group LLC now owns 755 shares of the company’s stock valued at $84,000 after purchasing an additional 641 shares during the period. Cerity Partners LLC grew its stake in Veralto by 34.3% during the 3rd quarter. Cerity Partners LLC now owns 66,482 shares of the company’s stock worth $7,437,000 after buying an additional 16,977 shares during the last quarter. Finally, Nwam LLC acquired a new position in Veralto during the third quarter worth approximately $332,000. Institutional investors and hedge funds own 91.28% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on VLTO shares. UBS Group began coverage on shares of Veralto in a report on Tuesday, August 13th. They issued a “neutral” rating and a $118.00 target price on the stock. Royal Bank of Canada upped their target price 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. Robert W. Baird boosted their price target on Veralto from $98.00 to $112.00 and gave the company a “neutral” rating in a research report on Monday, July 29th. BMO Capital Markets upped their price objective on Veralto from $117.00 to $119.00 and gave the company an “outperform” rating in a research note on Monday, September 30th. Finally, TD Cowen boosted their target price on Veralto from $95.00 to $100.00 and gave the company a “hold” rating in a report on Tuesday, July 30th. Seven analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $108.27.

Insider Activity at Veralto

In related news, CEO Jennifer Honeycutt sold 13,190 shares of the firm’s stock in a transaction that occurred on Monday, September 30th. The shares were sold at an average price of $110.15, for a total transaction of $1,452,878.50. Following the sale, the chief executive officer now owns 138,546 shares in the company, valued at approximately $15,260,841.90. This trade represents a 8.69 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Surekha Trivedi sold 752 shares of the business’s stock in a transaction 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 of the company’s stock, valued at $1,071,601.83. This trade represents a 6.74 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 28,639 shares of company stock valued at $3,175,803. 0.31% of the stock is owned by corporate insiders.

Veralto Trading Up 1.9 %

Shares of VLTO stock opened at $108.48 on Tuesday. The business’s fifty day moving average price is $108.08 and its 200 day moving average price is $104.59. The firm has a market capitalization of $26.83 billion and a PE ratio of 33.48. The company has a debt-to-equity ratio of 1.35, a current ratio of 2.13 and a quick ratio of 1.87. Veralto Co. has a 1-year low of $72.85 and a 1-year high of $115.00.

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

Veralto Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 31st. Investors of record on Friday, September 27th were given a dividend of $0.09 per share. The ex-dividend date was Friday, September 27th. This represents a $0.36 annualized dividend and a dividend yield of 0.33%. Veralto’s dividend payout ratio is currently 11.11%.

Veralto 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.