Private Wealth Partners LLC Has $541,000 Holdings in Veralto Corporation $VLTO

Private Wealth Partners LLC lessened its stake in Veralto Corporation (NYSE:VLTO) by 25.5% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 5,362 shares of the company’s stock after selling 1,833 shares during the quarter. Private Wealth Partners LLC’s holdings in Veralto were worth $541,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of VLTO. Harbor Asset Planning Inc. acquired a new position in Veralto in the second quarter valued at about $26,000. Truvestments Capital LLC raised its stake in Veralto by 148.5% in the first quarter. Truvestments Capital LLC now owns 328 shares of the company’s stock valued at $32,000 after purchasing an additional 196 shares in the last quarter. Ameritas Advisory Services LLC acquired a new position in Veralto in the second quarter valued at about $51,000. Cloud Capital Management LLC acquired a new position in Veralto in the first quarter valued at about $64,000. Finally, Marshall & Sullivan Inc. WA acquired a new position in Veralto in the second quarter valued at about $74,000. Institutional investors and hedge funds own 91.28% of the company’s stock.

Insider Transactions at Veralto

In related news, CEO Jennifer Honeycutt sold 10,646 shares of Veralto stock in a transaction on Friday, August 29th. The shares were sold at an average price of $106.26, for a total value of $1,131,243.96. Following the completion of the sale, the chief executive officer owned 106,219 shares of the company’s stock, valued at approximately $11,286,830.94. This trade represents a 9.11% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 0.36% of the company’s stock.

Veralto Trading Down 0.4%

Shares of VLTO stock opened at $104.21 on Tuesday. Veralto Corporation has a 1-year low of $83.86 and a 1-year high of $110.11. The stock has a 50-day moving average of $105.62 and a 200-day moving average of $101.83. The stock has a market cap of $25.86 billion, a price-to-earnings ratio of 29.11, a PEG ratio of 3.45 and a beta of 0.90. The company has a current ratio of 2.32, a quick ratio of 2.06 and a debt-to-equity ratio of 1.00.

Veralto (NYSE:VLTO) last posted its quarterly earnings results on Monday, July 28th. The company reported $0.93 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.89 by $0.04. The firm had revenue of $1.37 billion for the quarter, compared to analysts’ expectations of $1.34 billion. Veralto had a return on equity of 41.45% and a net margin of 16.65%.The company’s revenue for the quarter was up 6.4% compared to the same quarter last year. During the same period in the prior year, the business earned $0.85 EPS. On average, equities research analysts forecast that Veralto Corporation will post 3.66 earnings per share for the current year.

Veralto Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, October 31st. Investors of record on Tuesday, September 30th will be issued a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date is Tuesday, September 30th. Veralto’s dividend payout ratio (DPR) is currently 12.29%.

Analyst Ratings Changes

A number of research analysts recently commented on the company. Royal Bank Of Canada boosted their price target on Veralto from $104.00 to $108.00 and gave the company a “sector perform” rating in a research note on Wednesday, July 30th. Weiss Ratings raised Veralto from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Wednesday, October 8th. Barclays lowered their target price on Veralto from $120.00 to $119.00 and set an “overweight” rating for the company in a research note on Monday, October 6th. Raymond James Financial began coverage on Veralto in a research note on Tuesday, August 26th. They set a “market perform” rating for the company. Finally, Wolfe Research raised Veralto from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, July 30th. Six equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat.com, Veralto currently has an average rating of “Moderate Buy” and an average target price of $113.43.

Veralto 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.