Capital City Trust Co. FL Sells 701 Shares of Veralto Co. (NYSE:VLTO)

Capital City Trust Co. FL lowered its position in Veralto Co. (NYSE:VLTO) by 16.6% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 3,531 shares of the company’s stock after selling 701 shares during the period. Capital City Trust Co. FL’s holdings in Veralto were worth $395,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also modified their holdings of the company. Ashton Thomas Securities LLC bought a new stake in Veralto during the 3rd quarter valued at about $25,000. Goodman Advisory Group LLC bought a new stake in shares of Veralto during the second quarter valued at approximately $26,000. LRI Investments LLC purchased a new stake in shares of Veralto in the first quarter valued at approximately $30,000. Fairscale Capital LLC bought a new position in Veralto in the second quarter worth approximately $30,000. Finally, Hazlett Burt & Watson Inc. increased its holdings in Veralto by 11,100.0% during the 2nd quarter. Hazlett Burt & Watson Inc. now owns 336 shares of the company’s stock worth $32,000 after purchasing an additional 333 shares during the period. Hedge funds and other institutional investors own 91.28% of the company’s stock.

Veralto Trading Down 0.4 %

Veralto stock opened at $102.68 on Monday. The company has a debt-to-equity ratio of 1.35, a quick ratio of 1.87 and a current ratio of 2.13. The stock has a market cap of $25.39 billion and a PE ratio of 31.69. The stock has a 50-day moving average of $108.57 and a two-hundred day moving average of $104.20. Veralto Co. has a one year low of $70.06 and a one year high of $115.00.

Veralto (NYSE:VLTO) last announced its quarterly earnings data on Wednesday, October 23rd. The company reported $0.89 EPS for the quarter, beating the consensus estimate of $0.85 by $0.04. Veralto had a net margin of 15.69% and a return on equity of 52.85%. The firm had revenue of $1.31 billion during the quarter, compared to analyst estimates of $1.30 billion. During the same period last year, the firm posted $0.75 EPS. Veralto’s revenue was up 4.7% on a year-over-year basis. On average, research analysts anticipate that Veralto Co. will post 3.48 EPS for the current fiscal year.

Veralto Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, October 31st. Investors of record on Friday, September 27th were given a $0.09 dividend. This represents a $0.36 annualized dividend and a dividend yield of 0.35%. The ex-dividend date was Friday, September 27th. Veralto’s payout ratio is 11.11%.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on VLTO. Royal Bank of Canada upped their target price on Veralto from $108.00 to $111.00 and gave the stock a “sector perform” rating in a report on Friday, October 25th. Deutsche Bank Aktiengesellschaft increased their target price on shares of Veralto from $100.00 to $109.00 and gave the stock a “hold” rating in a report on Monday, July 29th. Robert W. Baird boosted their price target on shares of Veralto from $98.00 to $112.00 and gave the company a “neutral” rating in a report on Monday, July 29th. UBS Group began coverage on shares of Veralto in a research note on Tuesday, August 13th. They set a “neutral” rating and a $118.00 price objective on the stock. Finally, BMO Capital Markets upped their target price on Veralto from $117.00 to $119.00 and gave the stock an “outperform” rating in a report on Monday, September 30th. Seven research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat, Veralto currently has an average rating of “Hold” and an average target price of $108.27.

Insider Buying and Selling

In other news, CEO Jennifer Honeycutt sold 13,190 shares of the business’s stock in a transaction dated Monday, September 30th. The stock was sold at an average price of $110.15, for a total value of $1,452,878.50. Following the completion of the transaction, the chief executive officer now owns 138,546 shares of the company’s stock, valued at $15,260,841.90. The trade was a 8.69 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, SVP Surekha Trivedi sold 752 shares of the business’s stock in a transaction that occurred on Friday, November 1st. The shares were sold at an average price of $102.91, for a total value of $77,388.32. Following the completion of the transaction, the senior vice president now directly owns 10,413 shares of the company’s stock, valued at $1,071,601.83. The trade was a 6.74 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 36,038 shares of company stock worth $3,989,693 in the last 90 days. Insiders own 0.31% of the company’s stock.

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.