Veralto Co. (NYSE:VLTO) Shares Acquired by Raymond James & Associates

Raymond James & Associates increased its position in Veralto Co. (NYSE:VLTO) by 0.4% in the 3rd quarter, Holdings Channel reports. The firm owned 457,119 shares of the company’s stock after buying an additional 1,629 shares during the period. Raymond James & Associates’ holdings in Veralto were worth $51,133,000 as of its most recent filing with the SEC.

Other large investors have also recently made changes to their positions in the company. Goodman Advisory Group LLC purchased a new stake in Veralto in the second quarter valued at approximately $26,000. LRI Investments LLC acquired a new position in shares of Veralto in the 1st quarter valued at $30,000. Fairscale Capital LLC purchased a new stake in Veralto in the 2nd quarter valued at $30,000. Hazlett Burt & Watson Inc. raised its position in Veralto by 11,100.0% in the 2nd quarter. Hazlett Burt & Watson Inc. now owns 336 shares of the company’s stock valued at $32,000 after purchasing an additional 333 shares during the last quarter. Finally, Mather Group LLC. acquired a new stake in Veralto during the 1st quarter worth $33,000. 91.28% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, SVP Surekha Trivedi sold 753 shares of Veralto stock in a transaction on Thursday, August 1st. The stock was sold at an average price of $106.72, for a total transaction of $80,360.16. Following the completion of the transaction, the senior vice president now directly owns 12,671 shares of the company’s stock, valued at approximately $1,352,249.12. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. In other Veralto news, SVP Surekha Trivedi sold 753 shares of the firm’s 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 completion of the transaction, the senior vice president now directly owns 12,671 shares in the company, valued at approximately $1,352,249.12. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Jennifer Honeycutt sold 13,191 shares of the company’s stock in a transaction dated Friday, August 30th. The shares were sold at an average price of $111.98, for a total transaction of $1,477,128.18. Following the completion of the sale, the chief executive officer now directly owns 138,546 shares in the company, valued at $15,514,381.08. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 39,039 shares of company stock worth $4,310,335 in the last quarter. Company insiders own 0.31% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have commented on the stock. Stifel Nicolaus lifted their price objective on shares of Veralto from $117.00 to $119.00 and gave the company a “buy” rating in a research note on Wednesday, October 16th. The Goldman Sachs Group boosted their price target on Veralto from $104.00 to $116.00 and gave the company a “buy” rating in a research report on Monday, July 29th. TD Cowen increased their price objective on Veralto from $95.00 to $100.00 and gave the stock a “hold” rating in a research report on Tuesday, July 30th. Robert W. Baird boosted their target price on Veralto from $98.00 to $112.00 and gave the company a “neutral” rating in a report on Monday, July 29th. Finally, BMO Capital Markets upped their price target on Veralto from $117.00 to $119.00 and gave the stock an “outperform” rating in a research note on Monday, September 30th. Seven investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $108.00.

Veralto Trading Down 0.5 %

NYSE:VLTO opened at $113.07 on Tuesday. Veralto Co. has a 1 year low of $65.51 and a 1 year high of $114.61. The company has a debt-to-equity ratio of 1.56, a quick ratio of 1.70 and a current ratio of 1.96. The stock has a fifty day moving average price of $110.79 and a two-hundred day moving average price of $102.36. The stock has a market capitalization of $27.91 billion and a price-to-earnings ratio of 35.45.

Veralto (NYSE:VLTO) last announced its quarterly earnings results on Thursday, July 25th. The company reported $0.85 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 net margin of 15.60% and a return on equity of 58.82%. The business’s revenue was up 2.8% compared to the same quarter last year. During the same quarter last year, the firm posted $0.80 EPS. As a group, sell-side analysts anticipate that Veralto Co. will post 3.46 earnings per share for the current fiscal year.

Veralto Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 31st. Stockholders of record on Friday, September 27th will be paid a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a dividend yield of 0.32%. The ex-dividend date is Friday, September 27th. Veralto’s dividend payout ratio (DPR) is 11.29%.

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.