Ballentine Partners LLC Has $369,000 Stock Holdings in Veralto Co. (NYSE:VLTO)

Ballentine Partners LLC lessened its stake in Veralto Co. (NYSE:VLTO) by 9.0% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 4,167 shares of the company’s stock after selling 411 shares during the quarter. Ballentine Partners LLC’s holdings in Veralto were worth $369,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Sugarloaf Wealth Management LLC acquired a new position in Veralto in the 4th quarter valued at approximately $25,000. First Command Advisory Services Inc. acquired a new position in Veralto in the 4th quarter valued at approximately $25,000. Blue Trust Inc. acquired a new position in Veralto in the 4th quarter valued at approximately $26,000. Delta Asset Management LLC TN increased its stake in Veralto by 216.0% in the 4th quarter. Delta Asset Management LLC TN now owns 316 shares of the company’s stock valued at $26,000 after buying an additional 216 shares during the period. Finally, Dougherty Wealth Advisers LLC acquired a new position in shares of Veralto during the 4th quarter worth $27,000. Institutional investors and hedge funds own 91.28% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on VLTO shares. The Goldman Sachs Group started coverage on shares of Veralto in a research note on Friday, March 22nd. They set a “buy” rating and a $104.00 price target on the stock. BNP Paribas started coverage on shares of Veralto in a research note on Tuesday, March 12th. They set an “outperform” rating and a $103.00 price target on the stock. BMO Capital Markets increased their price target on shares of Veralto from $97.00 to $101.00 and gave the stock an “outperform” rating in a research note on Thursday, April 25th. TD Cowen started coverage on shares of Veralto in a research note on Monday, June 17th. They set a “hold” rating and a $95.00 price target on the stock. Finally, Stifel Nicolaus upped their price objective on shares of Veralto from $92.00 to $97.00 and gave the stock a “buy” rating in a report on Wednesday, April 17th. Six 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 has a consensus rating of “Moderate Buy” and an average target price of $96.00.

Veralto Stock Up 0.9 %

Shares of Veralto stock opened at $99.75 on Tuesday. The company has a debt-to-equity ratio of 1.76, a current ratio of 1.83 and a quick ratio of 1.56. Veralto Co. has a fifty-two week low of $65.51 and a fifty-two week high of $102.58. The firm has a fifty day moving average price of $97.46 and a two-hundred day moving average price of $88.13.

Veralto (NYSE:VLTO) last issued its quarterly earnings results on Tuesday, April 23rd. The company reported $0.84 earnings per share for the quarter, beating analysts’ consensus estimates of $0.76 by $0.08. The company had revenue of $1.25 billion during the quarter, compared to the consensus estimate of $1.23 billion. Veralto’s revenue was up 1.7% on a year-over-year basis. Equities analysts anticipate that Veralto Co. will post 3.37 EPS for the current year.

Veralto Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 31st. Stockholders of record on Friday, June 28th will be paid a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a dividend yield of 0.36%. The ex-dividend date of this dividend is Friday, June 28th.

Insider Activity

In other news, SVP Mattias Bystrom sold 302 shares of the stock in a transaction on Thursday, May 23rd. The shares were sold at an average price of $100.38, for a total value of $30,314.76. Following the completion of the transaction, the senior vice president now owns 34,045 shares in the company, valued at approximately $3,417,437.10. The sale was disclosed in a filing with the SEC, which is available at this link. In related news, SVP Melissa Aquino sold 8,041 shares of the stock in a transaction dated Friday, April 26th. The shares were sold at an average price of $93.56, for a total transaction of $752,315.96. Following the completion of the sale, the senior vice president now owns 20,761 shares in the company, valued at approximately $1,942,399.16. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Mattias Bystrom sold 302 shares of the stock in a transaction dated Thursday, May 23rd. The stock was sold at an average price of $100.38, for a total transaction of $30,314.76. Following the sale, the senior vice president now owns 34,045 shares of the company’s stock, valued at approximately $3,417,437.10. The disclosure for this sale can be found here. Corporate insiders own 0.31% of the company’s stock.

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.