2,441 Shares in Veralto Co. (NYSE:VLTO) Acquired by Highline Wealth Partners LLC

Highline Wealth Partners LLC bought a new position in shares of Veralto Co. (NYSE:VLTO) in the third quarter, according to the company in its most recent filing with the SEC. The firm bought 2,441 shares of the company’s stock, valued at approximately $273,000.

Other institutional investors also recently modified their holdings of the company. Daiwa Securities Group Inc. lifted its stake in shares of Veralto by 78.3% during the first quarter. Daiwa Securities Group Inc. now owns 80,657 shares of the company’s stock valued at $7,151,000 after acquiring an additional 35,433 shares during the period. Cetera Investment Advisers boosted its holdings in Veralto by 247.8% during the first quarter. Cetera Investment Advisers now owns 48,428 shares of the company’s stock worth $4,294,000 after purchasing an additional 34,505 shares during the last quarter. Mitsubishi UFJ Trust & Banking Corp grew its holdings in shares of Veralto by 19.8% in the 1st quarter. Mitsubishi UFJ Trust & Banking Corp now owns 169,101 shares of the company’s stock valued at $14,952,000 after acquiring an additional 27,891 shares in the last quarter. Seven Eight Capital LP acquired a new position in shares of Veralto during the 1st quarter worth approximately $1,011,000. Finally, Mediolanum International Funds Ltd bought a new stake in Veralto during the first quarter worth $2,372,000. Institutional investors own 91.28% of the company’s stock.

Veralto Trading Down 0.5 %

VLTO opened at $103.49 on Wednesday. The firm has a market capitalization of $25.55 billion and a PE ratio of 31.94. The company has a debt-to-equity ratio of 1.35, a current ratio of 2.13 and a quick ratio of 1.87. Veralto Co. has a fifty-two week low of $66.69 and a fifty-two week high of $115.00. The company’s 50-day moving average is $110.52 and its 200 day moving average is $103.16.

Veralto (NYSE:VLTO) last posted its earnings results on Wednesday, October 23rd. The company reported $0.89 earnings per share for the quarter, beating analysts’ consensus estimates of $0.85 by $0.04. Veralto had a return on equity of 52.85% and a net margin of 15.69%. The company had revenue of $1.31 billion for the quarter, compared to analyst estimates of $1.30 billion. During the same quarter last year, the company earned $0.75 earnings per share. The company’s revenue for the quarter was up 4.7% on a year-over-year basis. As a group, research analysts predict that Veralto Co. will post 3.47 earnings per share for the current fiscal year.

Veralto Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 31st. Shareholders of record on Friday, September 27th will be paid a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a yield of 0.35%. The ex-dividend date of this dividend is Friday, September 27th. Veralto’s payout ratio is 11.11%.

Insider Activity

In related news, SVP Surekha Trivedi sold 753 shares of the company’s stock in a transaction that occurred on Tuesday, October 1st. The stock was sold at an average price of $112.55, for a total value of $84,750.15. Following the transaction, the senior vice president now owns 11,165 shares in the company, valued at approximately $1,256,620.75. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other Veralto news, SVP Surekha Trivedi sold 753 shares of the stock in a transaction dated Tuesday, October 1st. The shares were sold at an average price of $112.55, for a total transaction of $84,750.15. Following the completion of the transaction, the senior vice president now owns 11,165 shares in the company, valued at $1,256,620.75. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Jennifer Honeycutt sold 13,191 shares of the company’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 transaction of $1,477,128.18. Following the sale, the chief executive officer now owns 138,546 shares in the company, valued at $15,514,381.08. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 36,039 shares of company stock valued at $3,992,665 in the last three months. Company insiders own 0.31% of the company’s stock.

Analysts Set New Price Targets

VLTO has been the topic of a number of research analyst reports. The Goldman Sachs Group increased their price target on Veralto from $104.00 to $116.00 and gave the company a “buy” rating in a research note on Monday, July 29th. Royal Bank of Canada lifted their price objective on shares of Veralto from $108.00 to $111.00 and gave the company a “sector perform” rating in a research note on Friday, October 25th. BMO Capital Markets boosted their target price on Veralto from $117.00 to $119.00 and gave the stock an “outperform” rating in a research note on Monday, September 30th. UBS Group assumed coverage on shares of Veralto in a report on Tuesday, August 13th. They set a “neutral” rating and a $118.00 price target for the company. Finally, Deutsche Bank Aktiengesellschaft lifted their target price on shares of Veralto from $100.00 to $109.00 and gave the stock a “hold” rating in a research report on Monday, July 29th. Seven equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, Veralto currently has an average rating of “Hold” and a consensus target price of $108.27.

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.