Veralto Co. (NYSE:VLTO) Shares Sold by Bokf Na

Bokf Na decreased its position in Veralto Co. (NYSE:VLTO) by 8.6% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 21,648 shares of the company’s stock after selling 2,030 shares during the quarter. Bokf Na’s holdings in Veralto were worth $2,067,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the company. Concourse Financial Group Securities Inc. acquired a new position in shares of Veralto in the 4th quarter valued at about $43,000. Principal Securities Inc. bought a new position in Veralto in the fourth quarter worth about $167,000. Teacher Retirement System of Texas bought a new position in Veralto in the fourth quarter worth about $1,563,000. QRG Capital Management Inc. acquired a new position in Veralto in the fourth quarter valued at approximately $533,000. Finally, Dimensional Fund Advisors LP bought a new position in shares of Veralto during the fourth quarter valued at approximately $79,075,000. 91.28% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on VLTO shares. The Goldman Sachs Group boosted their price objective on Veralto from $104.00 to $116.00 and gave the company a “buy” rating in a research report on Monday, July 29th. UBS Group assumed coverage on shares of Veralto in a report on Tuesday, August 13th. They set a “neutral” rating and a $118.00 price target for the company. Stifel Nicolaus increased their price objective on shares of Veralto from $110.00 to $117.00 and gave the stock a “buy” rating in a report on Monday, July 29th. Robert W. Baird boosted their target price on shares of Veralto from $98.00 to $112.00 and gave the company a “neutral” rating in a research note on Monday, July 29th. Finally, Royal Bank of Canada raised their price target on shares of Veralto from $101.00 to $108.00 and gave the company a “sector perform” rating in a research note on Monday, July 29th. Seven analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat, Veralto has an average rating of “Moderate Buy” and an average target price of $104.46.

Veralto Price Performance

NYSE VLTO opened at $110.02 on Friday. Veralto Co. has a 12 month low of $65.51 and a 12 month high of $112.77. The firm has a market capitalization of $27.19 billion and a PE ratio of 33.02. The company’s 50 day simple moving average is $105.66 and its 200 day simple moving average is $98.05. 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 data on Thursday, July 25th. The company reported $0.85 EPS for the quarter, topping analysts’ consensus estimates of $0.80 by $0.05. Veralto had a return on equity of 58.82% and a net margin of 15.60%. The company had revenue of $1.29 billion for the quarter, compared to the consensus estimate of $1.28 billion. During the same quarter in the previous year, the business earned $0.80 EPS. The company’s quarterly revenue was up 2.8% compared to the same quarter last year. As a group, equities research analysts forecast that Veralto Co. will post 3.45 EPS for the current fiscal year.

Insider Buying and Selling at Veralto

In other news, CEO Jennifer Honeycutt sold 13,191 shares of Veralto stock in a transaction that occurred on Friday, August 30th. The shares were sold at an average price of $111.98, for a total value of $1,477,128.18. Following the transaction, the chief executive officer now owns 138,546 shares of the company’s stock, valued at approximately $15,514,381.08. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, SVP Surekha Trivedi sold 753 shares of the stock in a transaction on Thursday, August 1st. The stock was sold at an average price of $106.72, for a total value of $80,360.16. Following the completion of the transaction, the senior vice president now owns 12,671 shares in the company, valued at approximately $1,352,249.12. The transaction was disclosed in a filing 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 dated Friday, August 30th. The stock was sold at an average price of $111.98, for a total value of $1,477,128.18. Following the sale, the chief executive officer now owns 138,546 shares in the company, valued at approximately $15,514,381.08. The disclosure for this sale can be found here. In the last three months, insiders sold 25,096 shares of company stock valued at $2,772,707. 0.31% of the stock is owned by insiders.

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.