Jupiter Asset Management Ltd. Sells 405,320 Shares of Veralto Co. (NYSE:VLTO)

Jupiter Asset Management Ltd. lessened its position in Veralto Co. (NYSE:VLTO) by 59.0% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 281,542 shares of the company’s stock after selling 405,320 shares during the quarter. Jupiter Asset Management Ltd. owned approximately 0.11% of Veralto worth $26,879,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently bought and sold shares of the company. LRI Investments LLC acquired a new position in shares of Veralto during the 1st quarter worth about $30,000. Delta Asset Management LLC TN boosted its position in Veralto by 216.0% during the fourth quarter. Delta Asset Management LLC TN now owns 316 shares of the company’s stock valued at $26,000 after purchasing an additional 216 shares during the last quarter. Johnson Financial Group Inc. bought a new position in Veralto in the fourth quarter valued at approximately $27,000. Hazlett Burt & Watson Inc. increased its position in shares of Veralto by 11,100.0% during the 2nd quarter. Hazlett Burt & Watson Inc. now owns 336 shares of the company’s stock worth $32,000 after purchasing an additional 333 shares during the last quarter. Finally, Cassady Schiller Wealth Management LLC bought a new stake in shares of Veralto during the 4th quarter worth approximately $30,000. Institutional investors own 91.28% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on VLTO shares. 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 report on Monday, July 29th. The Goldman Sachs Group boosted their price objective on shares of Veralto from $104.00 to $116.00 and gave the stock a “buy” rating in a research note on Monday, July 29th. Deutsche Bank Aktiengesellschaft raised their target price on shares of Veralto from $100.00 to $109.00 and gave the company a “hold” rating in a research note on Monday, July 29th. Royal Bank of Canada boosted their price target on Veralto from $101.00 to $108.00 and gave the stock a “sector perform” rating in a research report on Monday, July 29th. Finally, UBS Group initiated coverage on Veralto in a research report on Tuesday, August 13th. They issued a “neutral” rating and a $118.00 price objective for the company. Seven investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $104.46.

Veralto Stock Performance

Shares of NYSE VLTO opened at $109.30 on Friday. 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 firm has a market cap of $27.01 billion and a price-to-earnings ratio of 32.92. The stock’s fifty day moving average price is $105.37 and its two-hundred day moving average price is $97.81. Veralto Co. has a one year low of $65.51 and a one year high of $112.77.

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

Insider Transactions at Veralto

In related news, SVP Mattias Bystrom sold 3,000 shares of the business’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 sale was disclosed in a filing with the SEC, which is available at this link. In other Veralto news, SVP Surekha Trivedi sold 753 shares of the stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of $106.72, for a total transaction of $80,360.16. Following the sale, the senior vice president now directly owns 12,671 shares in the company, valued at $1,352,249.12. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, SVP Mattias Bystrom sold 3,000 shares of the business’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 transaction of $317,670.00. Following the completion of the transaction, the senior vice president now owns 31,045 shares of the company’s stock, valued at $3,287,355.05. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 25,096 shares of company stock valued at $2,772,707. 0.31% of the stock is currently owned by company insiders.

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.