First Trust Direct Indexing L.P. Acquires 414 Shares of Veralto Co. (NYSE:VLTO)

First Trust Direct Indexing L.P. boosted its holdings in shares of Veralto Co. (NYSE:VLTOFree Report) by 15.7% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 3,045 shares of the company’s stock after buying an additional 414 shares during the quarter. First Trust Direct Indexing L.P.’s holdings in Veralto were worth $270,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Perkins Coie Trust Co grew its position in shares of Veralto by 2.7% during the 1st quarter. Perkins Coie Trust Co now owns 6,977 shares of the company’s stock valued at $618,000 after acquiring an additional 185 shares during the period. Czech National Bank raised its stake in shares of Veralto by 0.5% in the first quarter. Czech National Bank now owns 38,585 shares of the company’s stock worth $3,421,000 after buying an additional 192 shares during the period. Delta Asset Management LLC TN lifted its position in shares of Veralto by 216.0% during the 4th quarter. Delta Asset Management LLC TN now owns 316 shares of the company’s stock valued at $26,000 after buying an additional 216 shares in the last quarter. Fishman Jay A Ltd. MI grew its stake in shares of Veralto by 6.0% during the 4th quarter. Fishman Jay A Ltd. MI now owns 4,174 shares of the company’s stock valued at $343,000 after acquiring an additional 238 shares during the period. Finally, City Holding Co. increased its holdings in Veralto by 2.0% in the 1st quarter. City Holding Co. now owns 15,231 shares of the company’s stock worth $1,350,000 after acquiring an additional 293 shares in the last quarter. 91.28% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

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

Veralto Stock Performance

VLTO stock opened at $95.90 on Tuesday. The company has a quick ratio of 1.56, a current ratio of 1.83 and a debt-to-equity ratio of 1.76. Veralto Co. has a 12 month low of $65.51 and a 12 month high of $102.58. The firm’s 50-day moving average is $98.32 and its 200 day moving average is $89.33.

Veralto (NYSE:VLTOGet Free Report) last posted its quarterly earnings results on Tuesday, April 23rd. The company reported $0.84 earnings per share for the quarter, beating the consensus estimate of $0.76 by $0.08. The company had revenue of $1.25 billion for the quarter, compared to the consensus estimate of $1.23 billion. The firm’s revenue was up 1.7% compared to the same quarter last year. On average, analysts anticipate that Veralto Co. will post 3.37 earnings per share for the current fiscal year.

Veralto Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 31st. Investors of record on Friday, June 28th will be issued a $0.09 dividend. The ex-dividend date of this dividend is Friday, June 28th. This represents a $0.36 annualized dividend and a dividend yield of 0.38%.

Analyst Upgrades and Downgrades

VLTO has been the subject of several research analyst reports. Stifel Nicolaus increased their target price on Veralto from $92.00 to $97.00 and gave the stock a “buy” rating in a research report on Wednesday, April 17th. Citigroup boosted their target price on shares of Veralto from $89.00 to $94.00 and gave the stock a “neutral” rating in a report on Monday, April 8th. Robert W. Baird raised their target price on shares of Veralto from $90.00 to $98.00 and gave the company a “neutral” rating in a research note on Thursday, April 25th. BMO Capital Markets boosted their price target on shares of Veralto from $97.00 to $101.00 and gave the stock an “outperform” rating in a research note on Thursday, April 25th. Finally, The Goldman Sachs Group initiated coverage on Veralto in a research report on Friday, March 22nd. They set a “buy” rating and a $104.00 price objective for the company. Six equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $96.00.

Get Our Latest Stock Report on Veralto

About Veralto

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Veralto (NYSE:VLTO)

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