Lake Street Advisors Group LLC Purchases 291 Shares of Veralto Co. (NYSE:VLTO)

Lake Street Advisors Group LLC raised its holdings in Veralto Co. (NYSE:VLTO) by 11.2% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,894 shares of the company’s stock after buying an additional 291 shares during the quarter. Lake Street Advisors Group LLC’s holdings in Veralto were worth $324,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Oregon Public Employees Retirement Fund boosted its stake in Veralto by 0.5% in the 2nd quarter. Oregon Public Employees Retirement Fund now owns 18,861 shares of the company’s stock valued at $1,801,000 after buying an additional 100 shares in the last quarter. Perkins Coie Trust Co boosted its stake in shares of Veralto by 1.8% in the 3rd quarter. Perkins Coie Trust Co now owns 7,253 shares of the company’s stock valued at $811,000 after purchasing an additional 125 shares in the last quarter. Toth Financial Advisory Corp boosted its stake in shares of Veralto by 16.1% in the 3rd quarter. Toth Financial Advisory Corp now owns 910 shares of the company’s stock valued at $102,000 after purchasing an additional 126 shares in the last quarter. Private Advisor Group LLC increased its position in shares of Veralto by 0.9% during the 3rd quarter. Private Advisor Group LLC now owns 15,282 shares of the company’s stock worth $1,709,000 after purchasing an additional 141 shares in the last quarter. Finally, Sequoia Financial Advisors LLC lifted its holdings in Veralto by 2.7% during the 2nd quarter. Sequoia Financial Advisors LLC now owns 5,406 shares of the company’s stock valued at $516,000 after purchasing an additional 142 shares during the last quarter. Institutional investors and hedge funds own 91.28% of the company’s stock.

Insider Buying and Selling

In other Veralto news, SVP Surekha Trivedi sold 753 shares of the stock in a transaction on Thursday, August 1st. The shares were sold at an average price of $106.72, for a total value of $80,360.16. Following the sale, 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other news, SVP Surekha Trivedi sold 753 shares of Veralto stock in a transaction dated Thursday, August 1st. The stock was sold at an average price of $106.72, for a total transaction of $80,360.16. Following the transaction, the senior vice president now owns 12,671 shares in the company, valued at $1,352,249.12. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Jennifer Honeycutt sold 13,191 shares of the business’s stock in a transaction that occurred on Friday, August 30th. The shares were sold at an average price of $111.98, for a total value of $1,477,128.18. Following the completion of the transaction, the chief executive officer now owns 138,546 shares of the company’s stock, valued at $15,514,381.08. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 39,039 shares of company stock valued at $4,310,335 in the last 90 days. 0.31% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on the stock. Deutsche Bank Aktiengesellschaft upped their price objective on shares of Veralto from $100.00 to $109.00 and gave the stock a “hold” rating in a research note on Monday, July 29th. Stifel Nicolaus raised their price target on Veralto from $117.00 to $119.00 and gave the company a “buy” rating in a report on Wednesday, October 16th. Robert W. Baird boosted their price objective on Veralto from $98.00 to $112.00 and gave the stock a “neutral” rating in a research note on Monday, July 29th. UBS Group assumed coverage on Veralto in a research note on Tuesday, August 13th. They issued a “neutral” rating and a $118.00 target price for the company. Finally, Royal Bank of Canada upped their price target on shares of Veralto from $108.00 to $111.00 and gave the stock a “sector perform” rating in a research report on Friday. Seven equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $108.27.

Veralto Trading Down 1.6 %

Shares of NYSE VLTO opened at $104.05 on Friday. The company’s 50 day simple moving average is $110.75 and its 200 day simple moving average is $102.73. 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 fifty-two week low of $65.51 and a fifty-two week high of $115.00. The firm has a market capitalization of $25.68 billion and a P/E ratio of 32.62.

Veralto (NYSE:VLTO) last posted its quarterly earnings results on Wednesday, October 23rd. The company reported $0.89 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.85 by $0.04. The business had revenue of $1.31 billion for the quarter, compared to analyst estimates of $1.30 billion. Veralto had a return on equity of 58.82% and a net margin of 15.60%. The firm’s revenue was up 4.7% on a year-over-year basis. During the same period last year, the company earned $0.75 EPS. On average, analysts predict that Veralto Co. will post 3.46 EPS for the current year.

Veralto Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 31st. Investors of record on Friday, September 27th will be given a $0.09 dividend. The ex-dividend date is Friday, September 27th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 0.35%. Veralto’s dividend payout ratio is 11.29%.

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.