Brown Brothers Harriman & Co. Buys 99 Shares of Veralto Co. (NYSE:VLTO)

Brown Brothers Harriman & Co. raised its holdings in Veralto Co. (NYSE:VLTO) by 2.6% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 3,851 shares of the company’s stock after buying an additional 99 shares during the quarter. Brown Brothers Harriman & Co.’s holdings in Veralto were worth $431,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the business. Loomis Sayles & Co. L P grew its position in shares of Veralto by 1.8% in the 3rd quarter. Loomis Sayles & Co. L P now owns 321,007 shares of the company’s stock worth $35,908,000 after buying an additional 5,662 shares during the last quarter. Daiwa Securities Group Inc. grew its position in shares of Veralto by 6.6% in the 3rd quarter. Daiwa Securities Group Inc. now owns 89,350 shares of the company’s stock worth $9,995,000 after buying an additional 5,562 shares during the last quarter. Centaurus Financial Inc. boosted its position in shares of Veralto by 15.5% during the third quarter. Centaurus Financial Inc. now owns 2,051 shares of the company’s stock valued at $229,000 after purchasing an additional 276 shares in the last quarter. Larson Financial Group LLC boosted its position in shares of Veralto by 562.3% during the third quarter. Larson Financial Group LLC now owns 755 shares of the company’s stock valued at $84,000 after purchasing an additional 641 shares in the last quarter. Finally, Cerity Partners LLC boosted its position in shares of Veralto by 34.3% during the third quarter. Cerity Partners LLC now owns 66,482 shares of the company’s stock valued at $7,437,000 after purchasing an additional 16,977 shares in the last quarter. 91.28% of the stock is currently owned by institutional investors.

Veralto Stock Up 0.0 %

VLTO stock opened at $107.97 on Thursday. Veralto Co. has a 1-year low of $72.85 and a 1-year high of $115.00. The business has a fifty day moving average price of $108.06 and a 200-day moving average price of $104.70. The company has a debt-to-equity ratio of 1.35, a current ratio of 2.13 and a quick ratio of 1.87. The stock has a market capitalization of $26.70 billion and a P/E ratio of 33.32.

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

Veralto Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, October 31st. Stockholders of record on Friday, September 27th were paid a $0.09 dividend. The ex-dividend date of this dividend was Friday, September 27th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 0.33%. Veralto’s dividend payout ratio (DPR) is currently 11.11%.

Analyst Upgrades and Downgrades

VLTO has been the topic of several research reports. Royal Bank of Canada lifted their price target on Veralto from $108.00 to $111.00 and gave the company a “sector perform” rating in a research report on Friday, October 25th. BMO Capital Markets lifted their price target on Veralto from $117.00 to $119.00 and gave the company an “outperform” rating in a research report on Monday, September 30th. UBS Group initiated coverage on Veralto in a research report on Tuesday, August 13th. They set a “neutral” rating and a $118.00 price target on the stock. Finally, Stifel Nicolaus lifted their price target on Veralto from $117.00 to $119.00 and gave the company a “buy” rating in a research report on Wednesday, October 16th. Seven investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $108.27.

Insider Buying and Selling

In other news, CEO Jennifer Honeycutt sold 13,191 shares of the business’s stock in a transaction on Friday, August 30th. The shares were sold at an average price of $111.98, for a total transaction of $1,477,128.18. Following the completion of the sale, the chief executive officer now owns 138,546 shares of the company’s stock, valued at $15,514,381.08. The trade was a 8.69 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, SVP Surekha Trivedi sold 752 shares of the company’s stock in a transaction on Friday, November 1st. The stock was sold at an average price of $102.91, for a total value of $77,388.32. Following the completion of the sale, 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. Insiders sold 28,639 shares of company stock valued at $3,175,803 over the last 90 days. Company insiders own 0.31% of the company’s stock.

About Veralto

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.