Capital City Trust Co. FL Sells 125 Shares of Veralto Corporation $VLTO

Capital City Trust Co. FL trimmed its stake in Veralto Corporation (NYSE:VLTO) by 5.0% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 2,365 shares of the company’s stock after selling 125 shares during the quarter. Capital City Trust Co. FL’s holdings in Veralto were worth $239,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of VLTO. Truvestments Capital LLC lifted its holdings in shares of Veralto by 148.5% during the first quarter. Truvestments Capital LLC now owns 328 shares of the company’s stock valued at $32,000 after purchasing an additional 196 shares in the last quarter. Opal Wealth Advisors LLC purchased a new stake in Veralto in the first quarter worth about $45,000. Grove Bank & Trust increased its position in Veralto by 198.2% in the first quarter. Grove Bank & Trust now owns 510 shares of the company’s stock worth $50,000 after buying an additional 339 shares in the last quarter. Ameritas Advisory Services LLC purchased a new stake in Veralto in the second quarter worth about $51,000. Finally, Cloud Capital Management LLC purchased a new stake in shares of Veralto during the first quarter worth about $64,000. 91.28% of the stock is owned by institutional investors.

Veralto Stock Up 0.7%

Veralto stock opened at $107.25 on Friday. The company has a debt-to-equity ratio of 1.00, a current ratio of 2.32 and a quick ratio of 2.06. The stock has a market capitalization of $26.61 billion, a price-to-earnings ratio of 29.96, a PEG ratio of 3.56 and a beta of 0.90. Veralto Corporation has a 1-year low of $83.86 and a 1-year high of $115.00. The business has a fifty day moving average price of $106.65 and a 200-day moving average price of $100.75.

Veralto (NYSE:VLTO) last posted its quarterly earnings data on Monday, July 28th. The company reported $0.93 earnings per share for the quarter, topping analysts’ consensus estimates of $0.89 by $0.04. The firm had revenue of $1.37 billion during the quarter, compared to analysts’ expectations of $1.34 billion. Veralto had a return on equity of 41.45% and a net margin of 16.65%.The business’s quarterly revenue was up 6.4% on a year-over-year basis. During the same quarter last year, the firm earned $0.85 EPS. Veralto has set its FY 2025 guidance at 3.720-3.800 EPS. Q3 2025 guidance at 0.910-0.950 EPS. Equities research analysts forecast that Veralto Corporation will post 3.66 EPS for the current fiscal year.

Veralto Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 31st. Stockholders of record on Tuesday, September 30th will be given a $0.11 dividend. The ex-dividend date of this dividend is Tuesday, September 30th. This represents a $0.44 dividend on an annualized basis and a dividend yield of 0.4%. Veralto’s dividend payout ratio (DPR) is presently 12.29%.

Analysts Set New Price Targets

Several analysts recently issued reports on the company. Robert W. Baird increased their target price on Veralto from $106.00 to $112.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 30th. Raymond James Financial initiated coverage on Veralto in a report on Tuesday, August 26th. They issued a “market perform” rating for the company. Weiss Ratings reiterated a “hold (c+)” rating on shares of Veralto in a report on Saturday, September 27th. Wolfe Research raised Veralto from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, July 30th. Finally, Stifel Nicolaus set a $120.00 price objective on Veralto and gave the stock a “buy” rating in a report on Wednesday, July 30th. Five research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $113.57.

Insider Buying and Selling at Veralto

In other news, CEO Jennifer Honeycutt sold 10,646 shares of the firm’s stock in a transaction on Friday, August 29th. The stock was sold at an average price of $106.26, for a total value of $1,131,243.96. Following the completion of the sale, the chief executive officer owned 106,219 shares of the company’s stock, valued at $11,286,830.94. This trade represents a 9.11% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.36% of the stock is owned by insiders.

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.