Veralto Co. (NYSE:VLTO) Shares Acquired by Hall Laurie J Trustee

Hall Laurie J Trustee boosted its position in Veralto Co. (NYSE:VLTO) by 35.0% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 13,871 shares of the company’s stock after acquiring an additional 3,596 shares during the quarter. Hall Laurie J Trustee’s holdings in Veralto were worth $1,325,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in VLTO. International Assets Investment Management LLC acquired a new position in Veralto in the fourth quarter valued at $3,241,000. Allspring Global Investments Holdings LLC acquired a new position in Veralto in the fourth quarter valued at $1,009,000. Louisiana State Employees Retirement System acquired a new position in Veralto in the fourth quarter valued at $1,086,000. Sumitomo Mitsui Trust Holdings Inc. acquired a new position in Veralto in the fourth quarter valued at $47,229,000. Finally, SVB Wealth LLC acquired a new position in Veralto in the fourth quarter valued at $948,000. Institutional investors and hedge funds own 91.28% of the company’s stock.

Veralto Stock Performance

Shares of NYSE VLTO traded down $0.18 during midday trading on Tuesday, hitting $109.40. 923,753 shares of the company’s stock were exchanged, compared to its average volume of 1,554,500. 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 stock’s 50 day moving average price is $101.10 and its 200-day moving average price is $94.54. The firm has a market cap of $27.03 billion and a P/E ratio of 32.85. Veralto Co. has a twelve month low of $65.51 and a twelve month high of $109.90.

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

Veralto Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, July 31st. Stockholders of record on Friday, June 28th were given a dividend of $0.09 per share. The ex-dividend date was Friday, June 28th. This represents a $0.36 annualized dividend and a dividend yield of 0.33%.

Insider Transactions at Veralto

In other Veralto news, SVP Mattias Bystrom sold 3,000 shares of the company’s stock in a transaction that occurred on Monday, July 29th. The stock was sold at an average price of $105.89, for a total value of $317,670.00. Following the completion of the sale, the senior vice president now directly owns 31,045 shares in the company, valued at $3,287,355.05. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Veralto news, SVP Surekha Trivedi sold 753 shares of the company’s stock in a transaction on Thursday, August 1st. The stock was sold at an average price of $106.72, for a total value of $80,360.16. Following the transaction, the senior vice president now owns 12,671 shares of the company’s stock, valued at $1,352,249.12. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, SVP Mattias Bystrom sold 3,000 shares of the company’s stock in a transaction on Monday, July 29th. The shares were sold at an average price of $105.89, for a total value of $317,670.00. Following the completion of the transaction, the senior vice president now directly owns 31,045 shares in the company, valued at approximately $3,287,355.05. The disclosure for this sale can be found here. Over the last three months, insiders sold 4,055 shares of company stock worth $428,345. Company insiders own 0.31% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on VLTO. BMO Capital Markets boosted their price objective on Veralto from $97.00 to $101.00 and gave the company an “outperform” rating in a report on Thursday, April 25th. Royal Bank of Canada boosted their price objective on Veralto from $101.00 to $108.00 and gave the company a “sector perform” rating in a report on Monday, July 29th. The Goldman Sachs Group boosted their price objective on Veralto from $104.00 to $116.00 and gave the company a “buy” rating in a report on Monday, July 29th. UBS Group began coverage on Veralto in a report on Tuesday, August 13th. They issued a “neutral” rating and a $118.00 price objective for the company. Finally, Stifel Nicolaus boosted their price objective on Veralto from $110.00 to $117.00 and gave the company a “buy” rating in a report on Monday, July 29th. Seven investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $104.46.

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.