Veralto Corporation (NYSE:VLTO) Shares Sold by Boston Trust Walden Corp

Boston Trust Walden Corp reduced its stake in Veralto Corporation (NYSE:VLTO) by 0.7% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 22,124 shares of the company’s stock after selling 163 shares during the period. Boston Trust Walden Corp’s holdings in Veralto were worth $2,156,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Bernard Wealth Management Corp. purchased a new position in Veralto during the 4th quarter worth approximately $25,000. OFI Invest Asset Management purchased a new stake in shares of Veralto during the fourth quarter worth approximately $26,000. BankPlus Trust Department acquired a new position in Veralto in the 4th quarter valued at $29,000. Lee Danner & Bass Inc. purchased a new position in Veralto during the 4th quarter worth $43,000. Finally, Murphy & Mullick Capital Management Corp acquired a new stake in Veralto in the fourth quarter valued at about $44,000. Institutional investors and hedge funds own 91.28% of the company’s stock.

Insider Buying and Selling at Veralto

In other Veralto news, SVP Surekha Trivedi sold 590 shares of Veralto stock in a transaction that occurred on Tuesday, April 1st. The stock was sold at an average price of $97.05, for a total value of $57,259.50. Following the completion of the transaction, the senior vice president now directly owns 10,011 shares in the company, valued at $971,567.55. The trade was a 5.57% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, SVP Melissa Aquino sold 31,689 shares of the company’s stock in a transaction on Thursday, May 1st. The stock was sold at an average price of $93.67, for a total value of $2,968,308.63. Following the transaction, the senior vice president now owns 17,434 shares of the company’s stock, valued at approximately $1,633,042.78. The trade was a 64.51% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 56,917 shares of company stock valued at $5,423,033 in the last three months. Corporate insiders own 0.36% of the company’s stock.

Wall Street Analyst Weigh In

VLTO has been the subject of a number of research analyst reports. Royal Bank Of Canada increased their price target on shares of Veralto from $103.00 to $104.00 and gave the company a “sector perform” rating in a report on Thursday, May 1st. Citigroup lowered their target price on Veralto from $116.00 to $100.00 and set a “neutral” rating on the stock in a report on Monday, April 14th. Northcoast Research initiated coverage on shares of Veralto in a research report on Tuesday, May 6th. They set a “buy” rating and a $110.00 target price for the company. Stifel Nicolaus raised their price target on Veralto from $102.00 to $104.00 and gave the stock a “buy” rating in a research report on Thursday, May 1st. Finally, Robert W. Baird boosted their price objective on shares of Veralto from $105.00 to $106.00 and gave the company a “neutral” rating in a research report on Thursday, May 1st. Six investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $110.09.

Veralto Trading Down 0.3%

NYSE VLTO opened at $96.74 on Friday. The company’s 50 day moving average price is $96.90 and its 200 day moving average price is $98.76. Veralto Corporation has a one year low of $83.87 and a one year high of $115.00. The company has a debt-to-equity ratio of 1.14, a quick ratio of 1.92 and a current ratio of 2.19. The firm has a market capitalization of $23.98 billion, a price-to-earnings ratio of 27.64, a PEG ratio of 4.17 and a beta of 0.97.

Veralto (NYSE:VLTO) last announced its earnings results on Tuesday, April 29th. The company reported $0.95 EPS for the quarter, beating the consensus estimate of $0.87 by $0.08. Veralto had a return on equity of 45.63% and a net margin of 16.56%. The business had revenue of $1.33 billion for the quarter, compared to the consensus estimate of $1.28 billion. During the same period last year, the business posted $0.84 EPS. The company’s revenue was up 6.9% on a year-over-year basis. On average, sell-side analysts predict that Veralto Corporation will post 3.66 EPS for the current year.

Veralto Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 31st. Investors of record on Monday, June 30th will be paid a $0.11 dividend. This represents a $0.44 annualized dividend and a dividend yield of 0.45%. The ex-dividend date of this dividend is Monday, June 30th. Veralto’s dividend payout ratio (DPR) is 12.57%.

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.