Cambridge Investment Research Advisors Inc. Has $856,000 Stock Position in Veralto Corporation (NYSE:VLTO)

Cambridge Investment Research Advisors Inc. raised its position in shares of Veralto Corporation (NYSE:VLTO) by 1.3% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,784 shares of the company’s stock after purchasing an additional 113 shares during the period. Cambridge Investment Research Advisors Inc.’s holdings in Veralto were worth $856,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Park Avenue Securities LLC raised its position in Veralto by 11.5% during the first quarter. Park Avenue Securities LLC now owns 19,213 shares of the company’s stock valued at $1,872,000 after purchasing an additional 1,985 shares in the last quarter. Assenagon Asset Management S.A. increased its holdings in shares of Veralto by 3.0% during the first quarter. Assenagon Asset Management S.A. now owns 14,544 shares of the company’s stock worth $1,417,000 after buying an additional 429 shares in the last quarter. Farther Finance Advisors LLC increased its holdings in shares of Veralto by 12.8% during the first quarter. Farther Finance Advisors LLC now owns 2,938 shares of the company’s stock worth $287,000 after buying an additional 333 shares in the last quarter. Elo Mutual Pension Insurance Co increased its holdings in shares of Veralto by 15.5% during the fourth quarter. Elo Mutual Pension Insurance Co now owns 25,236 shares of the company’s stock worth $2,570,000 after buying an additional 3,392 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. increased its holdings in shares of Veralto by 4.1% during the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 2,967 shares of the company’s stock worth $302,000 after buying an additional 117 shares in the last quarter. 91.28% of the stock is currently owned by institutional investors and hedge funds.

Veralto Stock Performance

NYSE VLTO opened at $103.75 on Monday. The company has a market capitalization of $25.72 billion, a price-to-earnings ratio of 29.64, a PEG ratio of 4.16 and a beta of 0.91. Veralto Corporation has a twelve month low of $83.87 and a twelve month high of $115.00. The stock has a fifty day simple moving average of $99.20 and a 200 day simple moving average of $98.44. The company has a quick ratio of 1.92, a current ratio of 2.19 and a debt-to-equity ratio of 1.14.

Veralto (NYSE:VLTO) last issued its quarterly earnings results on Tuesday, April 29th. The company reported $0.95 EPS for the quarter, beating analysts’ consensus estimates of $0.87 by $0.08. The business had revenue of $1.33 billion for the quarter, compared to analysts’ expectations of $1.28 billion. Veralto had a net margin of 16.56% and a return on equity of 45.63%. The business’s quarterly revenue was up 6.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.84 earnings per share. Sell-side analysts expect that Veralto Corporation will post 3.66 EPS for the current year.

Veralto Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, July 31st. Shareholders of record on Monday, June 30th will be given a dividend of $0.11 per share. The ex-dividend date of this dividend is Monday, June 30th. This represents a $0.44 dividend on an annualized basis and a yield of 0.42%. Veralto’s dividend payout ratio (DPR) is currently 12.57%.

Analyst Upgrades and Downgrades

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

Insider Buying and Selling at Veralto

In other Veralto news, SVP Melissa Aquino sold 31,689 shares of the company’s stock in a transaction on Thursday, May 1st. The shares were sold at an average price of $93.67, for a total transaction of $2,968,308.63. Following the sale, the senior vice president owned 17,434 shares of the company’s stock, valued at approximately $1,633,042.78. This represents a 64.51% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Jennifer Honeycutt sold 10,418 shares of the company’s stock in a transaction on Wednesday, April 30th. The shares were sold at an average price of $95.00, for a total transaction of $989,710.00. Following the sale, the chief executive officer directly owned 106,219 shares in the company, valued at $10,090,805. This trade represents a 8.93% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 45,913 shares of company stock valued at $4,339,370. 0.36% of the stock is owned by corporate insiders.

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.