Grandfield & Dodd LLC Has $380,000 Stock Holdings in Veralto Co. (NYSE:VLTO)

Grandfield & Dodd LLC cut its holdings in Veralto Co. (NYSE:VLTO) by 4.5% in the 1st quarter, Holdings Channel.com reports. The firm owned 4,283 shares of the company’s stock after selling 203 shares during the quarter. Grandfield & Dodd LLC’s holdings in Veralto were worth $380,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Sugarloaf Wealth Management LLC bought a new stake in shares of Veralto during the 4th quarter worth approximately $25,000. Blue Trust Inc. bought a new stake in shares of Veralto during the 4th quarter worth approximately $26,000. First Command Advisory Services Inc. bought a new stake in shares of Veralto during the 4th quarter worth approximately $25,000. Delta Asset Management LLC TN raised its stake in shares of Veralto by 216.0% during the 4th quarter. Delta Asset Management LLC TN now owns 316 shares of the company’s stock worth $26,000 after purchasing an additional 216 shares in the last quarter. Finally, Livforsakringsbolaget Skandia Omsesidigt bought a new stake in shares of Veralto during the 4th quarter worth approximately $27,000. 91.28% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on VLTO shares. Stifel Nicolaus increased their price target on Veralto from $92.00 to $97.00 and gave the company a “buy” rating in a research note on Wednesday, April 17th. BMO Capital Markets increased their price target on Veralto from $97.00 to $101.00 and gave the company an “outperform” rating in a research note on Thursday, April 25th. TD Cowen started coverage on Veralto in a research note on Monday, June 17th. They issued a “hold” rating and a $95.00 price target on the stock. Royal Bank of Canada restated a “sector perform” rating and issued a $101.00 price target on shares of Veralto in a research note on Friday, June 14th. Finally, Robert W. Baird increased their price target on Veralto from $90.00 to $98.00 and gave the company a “neutral” rating in a research note on Thursday, April 25th. Six analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $96.00.

Veralto Price Performance

Shares of VLTO traded up $1.29 during trading hours on Thursday, hitting $97.10. 1,976,424 shares of the company were exchanged, compared to its average volume of 1,602,321. Veralto Co. has a fifty-two week low of $65.51 and a fifty-two week high of $102.58. The company has a debt-to-equity ratio of 1.76, a quick ratio of 1.56 and a current ratio of 1.83. The firm’s fifty day moving average is $98.45 and its 200 day moving average is $89.53.

Veralto (NYSE:VLTO) last released its earnings results on Tuesday, April 23rd. The company reported $0.84 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.76 by $0.08. The company had revenue of $1.25 billion for the quarter, compared to analyst estimates of $1.23 billion. Veralto’s quarterly revenue was up 1.7% on a year-over-year basis. On average, equities analysts predict that Veralto Co. will post 3.37 EPS for the current year.

Veralto Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 31st. Stockholders of record on Friday, June 28th will be issued a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a dividend yield of 0.37%. The ex-dividend date of this dividend is Friday, June 28th.

Insider Transactions at Veralto

In other news, SVP Mattias Bystrom sold 302 shares of the stock in a transaction on Thursday, May 23rd. The stock was sold at an average price of $100.38, for a total transaction of $30,314.76. Following the sale, the senior vice president now directly owns 34,045 shares of the company’s stock, valued at approximately $3,417,437.10. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In related news, SVP Melissa Aquino sold 8,041 shares of the firm’s stock in a transaction dated Friday, April 26th. The stock was sold at an average price of $93.56, for a total value of $752,315.96. Following the sale, the senior vice president now directly owns 20,761 shares of the company’s stock, valued at $1,942,399.16. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Mattias Bystrom sold 302 shares of the firm’s stock in a transaction dated Thursday, May 23rd. The shares were sold at an average price of $100.38, for a total value of $30,314.76. Following the completion of the sale, the senior vice president now directly owns 34,045 shares in the company, valued at $3,417,437.10. The disclosure for this sale can be found here. 0.31% of the stock is currently owned by 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.