Woodmont Investment Counsel LLC Has $282,000 Holdings in Veralto Co. (NYSE:VLTO)

Woodmont Investment Counsel LLC lessened its holdings in Veralto Co. (NYSE:VLTO) by 3.5% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,181 shares of the company’s stock after selling 117 shares during the quarter. Woodmont Investment Counsel LLC’s holdings in Veralto were worth $282,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Perkins Coie Trust Co increased its holdings in Veralto by 2.7% in the 1st quarter. Perkins Coie Trust Co now owns 6,977 shares of the company’s stock valued at $618,000 after buying an additional 185 shares during the period. Czech National Bank grew its holdings in shares of Veralto by 0.5% in the 1st quarter. Czech National Bank now owns 38,585 shares of the company’s stock worth $3,421,000 after purchasing an additional 192 shares during the last quarter. Delta Asset Management LLC TN grew its holdings in shares of Veralto by 216.0% in the 4th 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 last quarter. Fishman Jay A Ltd. MI grew its holdings in shares of Veralto by 6.0% in the 4th quarter. Fishman Jay A Ltd. MI now owns 4,174 shares of the company’s stock worth $343,000 after purchasing an additional 238 shares during the last quarter. Finally, City Holding Co. grew its holdings in shares of Veralto by 2.0% in the 1st quarter. City Holding Co. now owns 15,231 shares of the company’s stock worth $1,350,000 after purchasing an additional 293 shares during the last quarter. Institutional investors own 91.28% of the company’s stock.

Insider Activity at Veralto

In related news, SVP Mattias Bystrom sold 302 shares of the stock in a transaction that occurred 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 sale, the senior vice president now directly owns 34,045 shares in the company, valued at approximately $3,417,437.10. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, SVP Melissa Aquino sold 8,041 shares of the stock in a transaction that occurred on Friday, April 26th. The shares were sold at an average price of $93.56, for a total value of $752,315.96. Following the sale, the senior vice president now directly 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 accessible through this hyperlink. Also, SVP Mattias Bystrom sold 302 shares of the stock in a transaction that occurred on Thursday, May 23rd. The shares were sold at an average price of $100.38, for a total transaction of $30,314.76. Following the completion of the sale, the senior vice president now owns 34,045 shares in the company, valued at $3,417,437.10. The disclosure for this sale can be found here. 0.31% of the stock is currently owned by corporate insiders.

Veralto Price Performance

Veralto stock opened at $94.35 on Wednesday. The company has a debt-to-equity ratio of 1.76, a quick ratio of 1.56 and a current ratio of 1.83. Veralto Co. has a 1 year low of $65.51 and a 1 year high of $102.58. The company’s 50-day moving average is $98.18 and its two-hundred day moving average is $88.94.

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

Veralto Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 31st. Investors of record on Friday, June 28th will be given a $0.09 dividend. The ex-dividend date of this dividend is Friday, June 28th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 0.38%.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the stock. Citigroup upped their target price on shares of Veralto from $89.00 to $94.00 and gave the stock a “neutral” rating in a report on Monday, April 8th. Stifel Nicolaus upped their target price on shares of Veralto from $92.00 to $97.00 and gave the stock a “buy” rating in a report on Wednesday, April 17th. BMO Capital Markets upped their target price on shares of Veralto from $97.00 to $101.00 and gave the stock an “outperform” rating in a report on Thursday, April 25th. The Goldman Sachs Group started coverage on shares of Veralto in a report on Friday, March 22nd. They issued a “buy” rating and a $104.00 target price on the stock. Finally, BNP Paribas started coverage on shares of Veralto in a report on Tuesday, March 12th. They set an “outperform” rating and a $103.00 price objective on the stock. Six equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $96.00.

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.