American Century Companies Inc. Has $42.47 Million Stake in Veralto Co. (NYSE:VLTO)

American Century Companies Inc. boosted its holdings in Veralto Co. (NYSE:VLTO) by 7.2% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 444,896 shares of the company’s stock after purchasing an additional 30,021 shares during the quarter. American Century Companies Inc. owned about 0.18% of Veralto worth $42,474,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of VLTO. Orion Portfolio Solutions LLC bought a new stake in shares of Veralto during the fourth quarter worth about $3,202,000. Daiwa Securities Group Inc. raised its stake in shares of Veralto by 78.3% in the first quarter. Daiwa Securities Group Inc. now owns 80,657 shares of the company’s stock worth $7,151,000 after purchasing an additional 35,433 shares during the last quarter. Dimensional Fund Advisors LP bought a new position in shares of Veralto in the fourth quarter valued at approximately $79,075,000. Wells Fargo & Company MN purchased a new position in shares of Veralto during the fourth quarter valued at approximately $25,633,000. Finally, Nomura Holdings Inc. bought a new stake in Veralto during the fourth quarter worth $717,000. Institutional investors own 91.28% of the company’s stock.

Veralto Trading Down 0.1 %

Shares of VLTO opened at $109.94 on Tuesday. The firm has a market cap of $27.17 billion and a P/E ratio of 29.55. Veralto Co. has a fifty-two week low of $65.51 and a fifty-two week high of $112.77. The company has a debt-to-equity ratio of 1.56, a quick ratio of 1.70 and a current ratio of 1.96. The business has a 50-day moving average of $105.94 and a 200 day moving average of $98.28.

Veralto (NYSE:VLTO) last posted its earnings results 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 the consensus estimate of $1.28 billion. Veralto had a net margin of 15.60% and a return on equity of 58.82%. The company’s revenue was up 2.8% on a year-over-year basis. During the same quarter last year, the company earned $0.80 earnings per share. As a group, research analysts forecast that Veralto Co. will post 3.45 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on VLTO. Robert W. Baird lifted their price objective on shares of Veralto from $98.00 to $112.00 and gave the stock a “neutral” rating in a report on Monday, July 29th. Deutsche Bank Aktiengesellschaft boosted their price target on shares of Veralto from $100.00 to $109.00 and gave the stock a “hold” rating in a report on Monday, July 29th. UBS Group initiated coverage on shares of Veralto in a research note on Tuesday, August 13th. They issued a “neutral” rating and a $118.00 price objective for the company. Royal Bank of Canada upped their target price on Veralto from $101.00 to $108.00 and gave the company a “sector perform” rating in a report on Monday, July 29th. Finally, TD Cowen lifted their price target on Veralto from $95.00 to $100.00 and gave the stock a “hold” rating in a report on Tuesday, July 30th. Seven research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $104.46.

Insider Buying and Selling

In other Veralto news, SVP Surekha Trivedi sold 753 shares of Veralto stock in a transaction dated Thursday, August 1st. The stock was sold at an average price of $106.72, for a total transaction of $80,360.16. Following the completion of the transaction, the senior vice president now owns 12,671 shares of the company’s stock, valued at approximately $1,352,249.12. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, CEO Jennifer Honeycutt sold 13,191 shares of the business’s stock in a transaction dated Friday, August 30th. The stock was sold at an average price of $111.98, for a total transaction of $1,477,128.18. Following the completion of the transaction, the chief executive officer now directly owns 138,546 shares in the company, valued at $15,514,381.08. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, SVP Surekha Trivedi sold 753 shares of the firm’s stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of $106.72, for a total value of $80,360.16. Following the completion of the sale, the senior vice president now directly owns 12,671 shares in the company, valued at approximately $1,352,249.12. The disclosure for this sale can be found here. In the last quarter, insiders have sold 25,096 shares of company stock valued at $2,772,707. Corporate 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.