Mitsubishi UFJ Asset Management UK Ltd. Buys Shares of 8,000 Veralto Co. (NYSE:VLTO)

Mitsubishi UFJ Asset Management UK Ltd. purchased a new position in shares of Veralto Co. (NYSE:VLTO) in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 8,000 shares of the company’s stock, valued at approximately $895,000.

Other hedge funds also recently modified their holdings of the company. Daiwa Securities Group Inc. increased its stake in Veralto by 78.3% during the first quarter. Daiwa Securities Group Inc. now owns 80,657 shares of the company’s stock valued at $7,151,000 after acquiring an additional 35,433 shares during the period. Nomura Holdings Inc. acquired a new position in Veralto in the fourth quarter worth about $717,000. Cetera Investment Advisers lifted its stake in Veralto by 247.8% during the first quarter. Cetera Investment Advisers now owns 48,428 shares of the company’s stock worth $4,294,000 after purchasing an additional 34,505 shares during the period. Mitsubishi UFJ Trust & Banking Corp boosted its holdings in Veralto by 19.8% during the first quarter. Mitsubishi UFJ Trust & Banking Corp now owns 169,101 shares of the company’s stock valued at $14,952,000 after purchasing an additional 27,891 shares in the last quarter. Finally, Seven Eight Capital LP bought a new stake in shares of Veralto in the 1st quarter valued at approximately $1,011,000. 91.28% of the stock is owned by institutional investors.

Insider Buying and Selling at Veralto

In related news, SVP Mattias Bystrom sold 3,000 shares of Veralto stock in a transaction on Monday, July 29th. The stock was sold at an average price of $105.89, for a total transaction of $317,670.00. Following the completion of the sale, the senior vice president now directly owns 31,045 shares of the company’s stock, valued at $3,287,355.05. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other Veralto news, SVP Surekha Trivedi sold 753 shares of the stock in a transaction on Thursday, August 1st. The shares were sold at an average price of $106.72, for a total value of $80,360.16. Following the sale, the senior vice president now directly owns 12,671 shares in the company, valued at approximately $1,352,249.12. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, SVP Mattias Bystrom sold 3,000 shares of the business’s stock in a transaction on Monday, July 29th. The shares were sold at an average price of $105.89, for a total transaction of $317,670.00. Following the completion of the transaction, the senior vice president now directly owns 31,045 shares of the company’s stock, valued at $3,287,355.05. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 39,039 shares of company stock worth $4,310,335. Insiders own 0.31% of the company’s stock.

Veralto Trading Up 0.5 %

Shares of NYSE VLTO traded up $0.57 during midday trading on Friday, hitting $113.60. The stock had a trading volume of 3,872,187 shares, compared to its average volume of 1,556,599. The firm has a market cap of $28.04 billion and a P/E ratio of 35.61. Veralto Co. has a fifty-two week low of $65.51 and a fifty-two week high of $114.61. The company has a debt-to-equity ratio of 1.56, a current ratio of 1.96 and a quick ratio of 1.70. The company’s 50-day simple moving average is $110.66 and its 200 day simple moving average is $101.97.

Veralto (NYSE:VLTO) last announced its quarterly earnings data on Thursday, July 25th. The company reported $0.85 earnings per share for the quarter, topping the consensus estimate of $0.80 by $0.05. The firm had revenue of $1.29 billion during the quarter, compared to analysts’ expectations of $1.28 billion. Veralto had a return on equity of 58.82% and a net margin of 15.60%. The company’s quarterly revenue was up 2.8% compared to the same quarter last year. During the same period in the previous year, the business posted $0.80 EPS. Research analysts anticipate that Veralto Co. will post 3.45 EPS for the current year.

Veralto Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 31st. Shareholders of record on Friday, September 27th will be issued a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a yield of 0.32%. The ex-dividend date of this dividend is Friday, September 27th. Veralto’s dividend payout ratio is presently 11.29%.

Analyst Ratings Changes

Several equities analysts recently commented on VLTO shares. UBS Group started coverage on Veralto in a research report on Tuesday, August 13th. They set a “neutral” rating and a $118.00 target price for the company. Royal Bank of Canada boosted their target price on shares of Veralto from $101.00 to $108.00 and gave the company a “sector perform” rating in a research note on Monday, July 29th. Stifel Nicolaus upped their target price on shares of Veralto from $117.00 to $119.00 and gave the stock a “buy” rating in a report on Wednesday. Deutsche Bank Aktiengesellschaft lifted their price target on shares of Veralto from $100.00 to $109.00 and gave the company a “hold” rating in a report on Monday, July 29th. Finally, BMO Capital Markets upped their price objective on shares of Veralto from $117.00 to $119.00 and gave the stock an “outperform” rating in a research note on Monday, September 30th. Seven research analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $108.00.

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.