Veralto Co. (NYSE:VLTO) Shares Purchased by Ayrshire Capital Management LLC

Ayrshire Capital Management LLC increased its position in Veralto Co. (NYSE:VLTO) by 1.9% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 11,538 shares of the company’s stock after purchasing an additional 219 shares during the period. Ayrshire Capital Management LLC’s holdings in Veralto were worth $1,175,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of VLTO. Ashton Thomas Securities LLC bought a new stake in Veralto during the 3rd quarter valued at $25,000. Goodman Advisory Group LLC bought a new stake in shares of Veralto in the 2nd quarter worth $26,000. Fairscale Capital LLC acquired a new stake in shares of Veralto in the second quarter valued at $30,000. Raleigh Capital Management Inc. boosted its stake in Veralto by 692.3% during the third quarter. Raleigh Capital Management Inc. now owns 309 shares of the company’s stock valued at $35,000 after buying an additional 270 shares in the last quarter. Finally, Erste Asset Management GmbH bought a new stake in Veralto in the third quarter worth about $46,000. Institutional investors own 91.28% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the company. Jefferies Financial Group assumed coverage on Veralto in a report on Thursday, December 12th. They issued a “buy” rating and a $125.00 target price for the company. BMO Capital Markets increased their price objective on Veralto from $117.00 to $119.00 and gave the stock an “outperform” rating in a research note on Monday, September 30th. Citigroup lowered their target price on Veralto from $118.00 to $116.00 and set a “neutral” rating on the stock in a research note on Monday. Royal Bank of Canada increased their price target on shares of Veralto from $108.00 to $111.00 and gave the stock a “sector perform” rating in a research report on Friday, October 25th. Finally, Stifel Nicolaus lowered their price objective on shares of Veralto from $119.00 to $117.00 and set a “buy” rating on the stock in a research report on Wednesday, December 11th. Six analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $113.27.

Veralto Stock Performance

VLTO stock opened at $101.13 on Tuesday. Veralto Co. has a 1-year low of $73.91 and a 1-year high of $115.00. The business’s 50-day moving average price is $104.16 and its two-hundred day moving average price is $105.69. The firm has a market cap of $25.01 billion, a PE ratio of 31.21, a P/E/G ratio of 4.30 and a beta of 1.06. The company has a current ratio of 2.13, a quick ratio of 1.87 and a debt-to-equity ratio of 1.35.

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

Veralto Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Tuesday, December 31st will be paid a $0.11 dividend. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $0.44 dividend on an annualized basis and a yield of 0.44%. This is a boost from Veralto’s previous quarterly dividend of $0.09. Veralto’s dividend payout ratio (DPR) is currently 13.58%.

Insider Activity

In other news, SVP Surekha Trivedi sold 752 shares of the business’s stock in a transaction dated 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 sale, the senior vice president now owns 10,413 shares of the company’s stock, valued at approximately $1,071,601.83. The trade was a 6.74 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 0.31% of the company’s stock.

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.