Private Advisor Group LLC Acquires 141 Shares of Veralto Co. (NYSE:VLTO)

Private Advisor Group LLC grew its holdings in shares of Veralto Co. (NYSE:VLTO) by 0.9% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 15,282 shares of the company’s stock after buying an additional 141 shares during the period. Private Advisor Group LLC’s holdings in Veralto were worth $1,709,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of VLTO. Goodman Advisory Group LLC purchased a new position in shares of Veralto in the 2nd quarter worth about $26,000. Fairscale Capital LLC purchased a new position in shares of Veralto in the 2nd quarter worth about $30,000. Raleigh Capital Management Inc. raised its position in shares of 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 last quarter. LRI Investments LLC purchased a new position in shares of Veralto in the 1st quarter worth about $30,000. Finally, Hazlett Burt & Watson Inc. raised 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 worth $32,000 after purchasing an additional 333 shares during the last quarter. Institutional investors own 91.28% of the company’s stock.

Veralto Trading Down 0.2 %

Veralto stock opened at $103.24 on Thursday. The business has a 50-day simple moving average of $110.39 and a two-hundred day simple moving average of $103.16. The company has a market cap of $25.48 billion and a P/E ratio of 31.86. 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 52-week low of $66.69 and a 52-week high of $115.00.

Veralto (NYSE:VLTO) last announced its quarterly earnings data on Wednesday, October 23rd. The company reported $0.89 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.85 by $0.04. The company had revenue of $1.31 billion during the quarter, compared to the consensus estimate of $1.30 billion. Veralto had a return on equity of 52.85% and a net margin of 15.69%. The firm’s revenue was up 4.7% on a year-over-year basis. During the same period in the previous year, the company posted $0.75 EPS. Analysts predict that Veralto Co. will post 3.47 EPS for the current year.

Veralto Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 31st. Investors of record on Friday, September 27th will be paid a dividend of $0.09 per share. 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 (DPR) is presently 11.11%.

Insider Activity at Veralto

In other Veralto news, CEO Jennifer Honeycutt sold 13,191 shares of the company’s stock in a transaction that occurred on Friday, August 30th. The stock was 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 directly owns 138,546 shares in the company, valued at $15,514,381.08. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In other Veralto news, CEO Jennifer Honeycutt sold 13,191 shares of the company’s stock in a transaction that occurred on Friday, August 30th. The stock was 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 directly owns 138,546 shares in the company, valued at $15,514,381.08. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, SVP Surekha Trivedi sold 753 shares of the company’s stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $111.10, for a total value of $83,658.30. Following the completion of the transaction, the senior vice president now owns 11,918 shares of the company’s stock, valued at $1,324,089.80. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 35,286 shares of company stock worth $3,912,305. 0.31% of the stock is owned by company insiders.

Analyst Ratings Changes

VLTO has been the subject of a number of recent analyst reports. The Goldman Sachs Group boosted their target price on Veralto from $104.00 to $116.00 and gave the stock a “buy” rating in a research report on Monday, July 29th. Stifel Nicolaus boosted their target price on Veralto from $117.00 to $119.00 and gave the stock a “buy” rating in a research report on Wednesday, October 16th. Robert W. Baird boosted their target price on Veralto from $98.00 to $112.00 and gave the stock a “neutral” rating in a research report on Monday, July 29th. TD Cowen boosted their target price on Veralto from $95.00 to $100.00 and gave the stock a “hold” rating in a research report on Tuesday, July 30th. Finally, Royal Bank of Canada boosted their target price on Veralto from $108.00 to $111.00 and gave the stock a “sector perform” rating in a research report on Friday, October 25th. Seven analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $108.27.

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.