Veralto Co. (NYSE:VLTO) Shares Sold by Capital Advisors Ltd. LLC

Capital Advisors Ltd. LLC trimmed its position in Veralto Co. (NYSE:VLTO) by 30.0% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 357 shares of the company’s stock after selling 153 shares during the period. Capital Advisors Ltd. LLC’s holdings in Veralto were worth $40,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Goodman Advisory Group LLC bought a new stake in Veralto during the second quarter worth 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 acquired a new stake in shares of Veralto during the second quarter valued at approximately $30,000. Hazlett Burt & Watson Inc. lifted its position in shares of 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 acquiring an additional 333 shares in the last quarter. Finally, Raleigh Capital Management Inc. boosted its stake in Veralto by 692.3% in the 3rd quarter. Raleigh Capital Management Inc. now owns 309 shares of the company’s stock worth $35,000 after purchasing an additional 270 shares during the period. 91.28% of the stock is owned by institutional investors.

Insider Transactions at Veralto

In related news, SVP Surekha Trivedi sold 753 shares of the firm’s 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 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 filing with the SEC, which is available through this link. In other news, SVP Surekha Trivedi sold 753 shares of the firm’s 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 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 sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Jennifer Honeycutt sold 13,191 shares of the business’s stock in a transaction on Friday, August 30th. The stock was sold at an average price of $111.98, for a total transaction of $1,477,128.18. Following the transaction, 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. Over the last three months, insiders sold 36,039 shares of company stock worth $3,992,665. 0.31% of the stock is owned by insiders.

Veralto Stock Performance

Shares of VLTO opened at $104.05 on Monday. The company has a quick ratio of 1.87, a current ratio of 2.13 and a debt-to-equity ratio of 1.35. Veralto Co. has a 12 month low of $65.51 and a 12 month high of $115.00. The company’s fifty day moving average is $110.75 and its 200-day moving average is $102.83. The firm has a market cap of $25.73 billion and a price-to-earnings ratio of 32.11.

Veralto (NYSE:VLTO) last posted its earnings results on Wednesday, October 23rd. The company reported $0.89 earnings per share for the quarter, beating the consensus estimate of $0.85 by $0.04. The company had revenue of $1.31 billion for the quarter, compared to analyst estimates of $1.30 billion. Veralto had a return on equity of 52.85% and a net margin of 15.69%. The business’s revenue was up 4.7% compared to the same quarter last year. During the same period last year, the company earned $0.75 earnings per share. Equities analysts expect that Veralto Co. will post 3.47 EPS 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 given a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a dividend yield of 0.35%. The ex-dividend date is Friday, September 27th. Veralto’s dividend payout ratio is 11.11%.

Analyst Ratings Changes

A number of analysts have recently issued reports on the company. Stifel Nicolaus increased their target price 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 increased 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. Royal Bank of Canada upped their target price on Veralto from $108.00 to $111.00 and gave the company a “sector perform” rating in a report on Friday. BMO Capital Markets raised their price target on shares of Veralto from $117.00 to $119.00 and gave the stock an “outperform” rating in a report on Monday, September 30th. Finally, UBS Group began coverage on shares of Veralto in a research note on Tuesday, August 13th. They issued a “neutral” rating and a $118.00 price objective on the stock. Seven analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $108.27.

Veralto Company 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.