Veralto Co. (NYSE:VLTO) Shares Bought by LPL Financial LLC

LPL Financial LLC lifted its position in shares of Veralto Co. (NYSE:VLTO) by 2.3% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 369,816 shares of the company’s stock after acquiring an additional 8,318 shares during the period. LPL Financial LLC owned about 0.15% of Veralto worth $35,306,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Delta Asset Management LLC TN raised its holdings in shares of Veralto by 216.0% during the fourth quarter. Delta Asset Management LLC TN now owns 316 shares of the company’s stock worth $26,000 after purchasing an additional 216 shares during the period. Johnson Financial Group Inc. bought a new position in Veralto in the fourth quarter worth about $27,000. Cassady Schiller Wealth Management LLC acquired a new position in Veralto in the fourth quarter valued at approximately $30,000. LRI Investments LLC acquired a new stake in shares of Veralto during the 1st quarter worth approximately $30,000. Finally, Newbridge Financial Services Group Inc. bought a new stake in shares of Veralto in the 4th quarter worth approximately $32,000. 91.28% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Veralto

In other Veralto news, SVP Surekha Trivedi sold 753 shares of the business’s stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $111.10, for a total transaction of $83,658.30. Following the sale, the senior vice president now owns 11,918 shares in the company, valued at approximately $1,324,089.80. The transaction was disclosed in a filing with the SEC, which is available through this link. In related news, SVP Surekha Trivedi sold 753 shares of the firm’s stock in a transaction that occurred on Tuesday, September 3rd. The shares were 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 approximately $1,324,089.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Jennifer Honeycutt sold 13,191 shares of the business’s stock in a transaction 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 directly owns 138,546 shares in the company, valued at $15,514,381.08. The disclosure for this sale can be found here. Insiders sold 25,096 shares of company stock worth $2,772,707 in the last quarter. 0.31% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

VLTO has been the topic of several analyst reports. Royal Bank of Canada increased their target price on Veralto from $101.00 to $108.00 and gave the stock a “sector perform” rating in a research report on Monday, July 29th. Stifel Nicolaus boosted their target price on shares of Veralto from $110.00 to $117.00 and gave the company a “buy” rating in a research note on Monday, July 29th. Robert W. Baird boosted their price objective 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 raised their target price on Veralto from $95.00 to $100.00 and gave the company a “hold” rating in a research report on Tuesday, July 30th. Finally, The Goldman Sachs Group boosted their price target on Veralto from $104.00 to $116.00 and gave the stock a “buy” rating in a research report on Monday, July 29th. Seven equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $104.46.

Veralto Stock Up 0.7 %

NYSE VLTO opened at $110.02 on Monday. Veralto Co. has a 12 month low of $65.51 and a 12 month high of $112.77. The company has a market capitalization of $27.19 billion and a P/E ratio of 33.02. The company’s 50 day simple moving average is $105.66 and its 200 day simple moving average is $98.12. The company has a debt-to-equity ratio of 1.56, a current ratio of 1.96 and a quick ratio of 1.70.

Veralto (NYSE:VLTO) last announced its quarterly earnings data on Thursday, July 25th. The company reported $0.85 EPS for the quarter, beating analysts’ consensus estimates 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%. The company’s quarterly revenue was up 2.8% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.80 EPS. Equities research analysts expect that Veralto Co. will post 3.45 earnings per share for the current fiscal year.

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.