Veralto Co. (NYSE:VLTO) Shares Sold by Regency Capital Management Inc. DE

Regency Capital Management Inc. DE decreased its holdings in shares of Veralto Co. (NYSE:VLTO) by 9.2% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 46,663 shares of the company’s stock after selling 4,741 shares during the quarter. Veralto comprises about 2.9% of Regency Capital Management Inc. DE’s investment portfolio, making the stock its 16th biggest position. Regency Capital Management Inc. DE’s holdings in Veralto were worth $5,220,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the business. Vanguard Group Inc. purchased a new stake in Veralto during the fourth quarter valued at about $2,127,330,000. Swedbank AB purchased a new stake in Veralto during the first quarter valued at about $237,864,000. Northern Trust Corp grew its position in Veralto by 33,575.5% during the fourth quarter. Northern Trust Corp now owns 2,520,275 shares of the company’s stock valued at $207,318,000 after acquiring an additional 2,512,791 shares during the period. Capital World Investors purchased a new stake in Veralto during the fourth quarter valued at about $140,412,000. Finally, Gates Capital Management Inc. purchased a new stake in Veralto during the fourth quarter valued at about $133,510,000. Institutional investors and hedge funds own 91.28% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the company. BMO Capital Markets boosted their price target on Veralto from $117.00 to $119.00 and gave the company an “outperform” rating in a research report on Monday. Robert W. Baird increased their price target on Veralto from $98.00 to $112.00 and gave the company a “neutral” rating in a report on Monday, July 29th. TD Cowen increased their price target on Veralto from $95.00 to $100.00 and gave the company a “hold” rating in a report on Tuesday, July 30th. UBS Group initiated coverage on Veralto in a report on Tuesday, August 13th. They issued a “neutral” rating and a $118.00 price target for the company. Finally, Stifel Nicolaus increased their price target on Veralto from $110.00 to $117.00 and gave the company a “buy” rating in a report on Monday, July 29th. Seven equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, Veralto presently has a consensus rating of “Hold” and a consensus price target of $105.67.

Veralto Stock Up 0.6 %

NYSE:VLTO traded up $0.71 during mid-day trading on Friday, reaching $112.02. The stock had a trading volume of 952,207 shares, compared to its average volume of 1,563,885. The company has a market capitalization of $27.68 billion and a price-to-earnings ratio of 33.62. Veralto Co. has a 1-year low of $65.51 and a 1-year high of $112.77. The stock’s 50 day simple moving average is $109.06 and its two-hundred day simple moving average is $100.14. 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 posted its quarterly earnings results on Thursday, July 25th. The company reported $0.85 EPS for the quarter, topping analysts’ consensus estimates of $0.80 by $0.05. The business 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 revenue for the quarter was up 2.8% compared to the same quarter last year. During the same period last year, the firm earned $0.80 earnings per share. Equities analysts anticipate that Veralto Co. will post 3.45 EPS for the current year.

Veralto Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 31st. Investors of record on Friday, September 27th will be paid a $0.09 dividend. The ex-dividend date of this dividend is Friday, September 27th. This represents a $0.36 dividend on an annualized basis and a yield of 0.32%.

Insiders Place Their Bets

In other Veralto news, SVP Mattias Bystrom sold 3,000 shares of the firm’s stock in a transaction dated Monday, July 29th. The shares were sold at an average price of $105.89, for a total value of $317,670.00. Following the transaction, the senior vice president now owns 31,045 shares of the company’s stock, valued at $3,287,355.05. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. In other news, SVP Surekha Trivedi sold 753 shares of Veralto stock in a transaction that occurred on Tuesday, October 1st. The stock was sold at an average price of $112.55, for a total transaction of $84,750.15. Following the sale, the senior vice president now owns 11,165 shares of the company’s stock, valued at approximately $1,256,620.75. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, SVP Mattias Bystrom sold 3,000 shares of Veralto stock in a transaction that occurred on Monday, July 29th. The shares were sold at an average price of $105.89, for a total value of $317,670.00. Following the sale, the senior vice president now directly owns 31,045 shares in the company, valued at approximately $3,287,355.05. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 39,039 shares of company stock valued at $4,310,335 over the last quarter. Insiders own 0.31% of the company’s stock.

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.