Caldwell Sutter Capital Inc. Has $76,000 Stock Holdings in Veralto Co. (NYSE:VLTO)

Caldwell Sutter Capital Inc. decreased its position in Veralto Co. (NYSE:VLTO) by 26.1% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 800 shares of the company’s stock after selling 282 shares during the quarter. Caldwell Sutter Capital Inc.’s holdings in Veralto were worth $76,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its holdings in shares of Veralto by 6.1% during the first quarter. Vanguard Group Inc. now owns 27,429,158 shares of the company’s stock worth $2,431,869,000 after buying an additional 1,568,103 shares in the last quarter. Capital International Investors grew its position in Veralto by 8.5% during the 1st quarter. Capital International Investors now owns 7,097,130 shares of the company’s stock worth $629,232,000 after acquiring an additional 553,021 shares during the last quarter. Brown Advisory Inc. acquired a new stake in Veralto during the 4th quarter valued at $528,018,000. Bank of New York Mellon Corp raised its position in Veralto by 18.4% in the 1st quarter. Bank of New York Mellon Corp now owns 3,978,120 shares of the company’s stock valued at $352,700,000 after purchasing an additional 617,441 shares during the last quarter. Finally, Norges Bank acquired a new position in Veralto in the fourth quarter worth $266,143,000. 91.28% of the stock is owned by institutional investors.

Veralto Trading Up 0.4 %

Shares of VLTO stock traded up $0.42 during trading hours on Wednesday, reaching $109.82. The company had a trading volume of 1,103,570 shares, compared to its average volume of 1,551,699. The company has a debt-to-equity ratio of 1.56, a current ratio of 1.96 and a quick ratio of 1.70. Veralto Co. has a 1-year low of $65.51 and a 1-year high of $110.14. The company has a 50 day moving average of $101.46 and a 200 day moving average of $94.87. The firm has a market cap of $27.11 billion and a price-to-earnings ratio of 32.92.

Veralto (NYSE:VLTO) last released its earnings results on Thursday, July 25th. The company reported $0.85 earnings per share for the quarter, beating the consensus estimate of $0.80 by $0.05. The firm had revenue of $1.29 billion for the quarter, compared to analyst estimates 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% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.80 earnings per share. On average, equities research analysts anticipate that Veralto Co. will post 3.45 EPS for the current year.

Insider Buying and Selling

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 shares were 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 owns 31,045 shares of the company’s stock, valued at $3,287,355.05. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Veralto news, SVP Mattias Bystrom sold 3,000 shares of Veralto stock in a transaction dated Monday, July 29th. The stock was sold at an average price of $105.89, for a total transaction of $317,670.00. Following the transaction, 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 filing with the SEC, which is accessible through this hyperlink. Also, SVP Surekha Trivedi sold 753 shares of the stock in a transaction dated Thursday, August 1st. The stock was 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 owns 12,671 shares of the company’s stock, valued at $1,352,249.12. The disclosure for this sale can be found here. Insiders have sold 4,055 shares of company stock valued at $428,345 in the last 90 days. 0.31% of the stock is owned by insiders.

Analysts Set New Price Targets

VLTO has been the subject of a number of research analyst reports. Deutsche Bank Aktiengesellschaft lifted their price target on Veralto from $100.00 to $109.00 and gave the company a “hold” rating in a report on Monday, July 29th. Robert W. Baird boosted their target price on shares of Veralto from $98.00 to $112.00 and gave the stock a “neutral” rating in a research note on Monday, July 29th. The Goldman Sachs Group increased their price target on shares of Veralto from $104.00 to $116.00 and gave the company a “buy” rating in a research note on Monday, July 29th. TD Cowen raised their price target on shares of Veralto from $95.00 to $100.00 and gave the company a “hold” rating in a report on Tuesday, July 30th. Finally, Royal Bank of Canada upped their price objective on Veralto from $101.00 to $108.00 and gave the stock a “sector perform” rating in a report on Monday, July 29th. 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 MarketBeat, the stock 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.