Veralto Co. (NYSE:VLTO) Shares Purchased by Raleigh Capital Management Inc.

Raleigh Capital Management Inc. boosted its position in shares of Veralto Co. (NYSE:VLTO) by 692.3% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 309 shares of the company’s stock after acquiring an additional 270 shares during the period. Raleigh Capital Management Inc.’s holdings in Veralto were worth $35,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Goodman Advisory Group LLC acquired a new position in shares of Veralto during the 2nd quarter worth approximately $26,000. LRI Investments LLC purchased a new stake in Veralto in the 1st quarter worth $30,000. Fairscale Capital LLC purchased a new stake in Veralto in the 2nd quarter worth $30,000. Hazlett Burt & Watson Inc. raised its position in Veralto by 11,100.0% during the second quarter. Hazlett Burt & Watson Inc. now owns 336 shares of the company’s stock worth $32,000 after acquiring an additional 333 shares during the period. Finally, International Assets Investment Management LLC purchased a new position in Veralto during the second quarter valued at $43,000. Hedge funds and other institutional investors own 91.28% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently weighed in on VLTO shares. UBS Group assumed coverage on shares of Veralto in a research report on Tuesday, August 13th. They set a “neutral” rating and a $118.00 price target for the company. BMO Capital Markets increased their target price on Veralto from $117.00 to $119.00 and gave the company an “outperform” rating in a report on Monday, September 30th. Royal Bank of Canada lifted their price target on Veralto from $101.00 to $108.00 and gave the stock a “sector perform” rating in a research note on Monday, July 29th. Robert W. Baird increased their price objective on Veralto from $98.00 to $112.00 and gave the company a “neutral” rating in a research note on Monday, July 29th. Finally, TD Cowen raised their price objective on Veralto from $95.00 to $100.00 and gave the company a “hold” rating in a report on Tuesday, July 30th. Seven equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, Veralto has an average rating of “Hold” and an average target price of $108.00.

Veralto Stock Performance

Shares of VLTO stock opened at $110.93 on Thursday. Veralto Co. has a one year low of $65.51 and a one year high of $114.61. The company has a debt-to-equity ratio of 1.56, a quick ratio of 1.70 and a current ratio of 1.96. The firm’s 50 day moving average price is $110.91 and its 200-day moving average price is $102.60. The firm has a market cap of $27.38 billion and a P/E ratio of 34.77.

Veralto (NYSE:VLTO) last released its earnings results on Thursday, July 25th. The company reported $0.85 earnings per share for the quarter, beating the consensus estimate of $0.80 by $0.05. The company had revenue of $1.29 billion during the quarter, compared to the consensus estimate of $1.28 billion. Veralto had a return on equity of 58.82% and a net margin of 15.60%. Veralto’s revenue was up 2.8% compared to the same quarter last year. During the same period in the previous year, the company posted $0.80 EPS. As a group, equities research analysts predict that Veralto Co. will post 3.46 EPS for the current year.

Veralto Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 31st. Investors of record on Friday, September 27th will be issued a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a dividend yield of 0.32%. The ex-dividend date is Friday, September 27th. Veralto’s dividend payout ratio (DPR) is currently 11.29%.

Insiders Place Their Bets

In other Veralto news, CEO Jennifer Honeycutt sold 13,190 shares of the business’s stock in a transaction on Monday, September 30th. The shares were 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 in the company, valued at $15,260,841.90. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In other Veralto news, SVP Surekha Trivedi sold 753 shares of the business’s stock in a transaction that occurred on 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. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Jennifer Honeycutt sold 13,190 shares of the firm’s stock in a transaction on Monday, September 30th. The shares were sold at an average price of $110.15, for a total transaction of $1,452,878.50. Following the completion of the sale, the chief executive officer now owns 138,546 shares in the company, valued at $15,260,841.90. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 39,039 shares of company stock worth $4,310,335 in the last ninety days. 0.31% of the stock is owned by corporate insiders.

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.