Veralto Co. (NYSE:VLTO) Shares Sold by Forsta AP Fonden

Forsta AP Fonden lowered its stake in Veralto Co. (NYSE:VLTO) by 4.6% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 48,008 shares of the company’s stock after selling 2,300 shares during the period. Forsta AP Fonden’s holdings in Veralto were worth $4,583,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also made changes to their positions in the business. Oregon Public Employees Retirement Fund increased its holdings in shares of Veralto by 0.5% in the 2nd quarter. Oregon Public Employees Retirement Fund now owns 18,861 shares of the company’s stock valued at $1,801,000 after acquiring an additional 100 shares during the last quarter. Sequoia Financial Advisors LLC grew its stake in Veralto by 2.7% during the 2nd quarter. Sequoia Financial Advisors LLC now owns 5,406 shares of the company’s stock worth $516,000 after buying an additional 142 shares during the last quarter. Perkins Coie Trust Co grew its stake in Veralto by 2.2% during the 2nd quarter. Perkins Coie Trust Co now owns 7,128 shares of the company’s stock worth $680,000 after buying an additional 151 shares during the last quarter. Graypoint LLC grew its stake in Veralto by 3.8% during the 2nd quarter. Graypoint LLC now owns 4,407 shares of the company’s stock worth $421,000 after buying an additional 160 shares during the last quarter. Finally, Valeo Financial Advisors LLC grew its stake in Veralto by 5.0% during the 2nd quarter. Valeo Financial Advisors LLC now owns 3,533 shares of the company’s stock worth $337,000 after buying an additional 168 shares during the last quarter. Hedge funds and other institutional investors own 91.28% of the company’s stock.

Analyst Upgrades and Downgrades

VLTO has been the topic of a number of research reports. UBS Group initiated coverage on Veralto in a research note on Tuesday, August 13th. They set a “neutral” rating and a $118.00 price target on the stock. Royal Bank of Canada lifted their target price on Veralto from $101.00 to $108.00 and gave the company a “sector perform” rating in a research note on Monday, July 29th. Robert W. Baird lifted their target price on Veralto from $98.00 to $112.00 and gave the company a “neutral” rating in a research note on Monday, July 29th. TD Cowen lifted their target price on Veralto from $95.00 to $100.00 and gave the company a “hold” rating in a research note on Tuesday, July 30th. Finally, Deutsche Bank Aktiengesellschaft lifted their target price on Veralto from $100.00 to $109.00 and gave the company a “hold” rating in a research note on Monday, July 29th. Seven investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $104.46.

Veralto Stock Performance

Shares of VLTO stock opened at $110.02 on Friday. The stock has a fifty day moving average price of $105.66 and a 200 day moving average price of $98.05. The stock has a market cap of $27.19 billion and a PE ratio of 33.02. Veralto Co. has a 1 year low of $65.51 and a 1 year high of $112.77. The company has a debt-to-equity ratio of 1.56, a quick ratio of 1.70 and a current ratio of 1.96.

Veralto (NYSE:VLTO) last released its quarterly earnings results on Thursday, July 25th. The company reported $0.85 earnings per share 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 during the quarter, compared to analysts’ expectations of $1.28 billion. During the same period in the previous year, the firm posted $0.80 earnings per share. The business’s revenue for the quarter was up 2.8% compared to the same quarter last year. Sell-side analysts forecast that Veralto Co. will post 3.45 earnings per share for the current fiscal year.

Insider Transactions at Veralto

In other news, SVP Surekha Trivedi sold 753 shares of the business’s stock in a transaction on Tuesday, September 3rd. The stock was 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 directly owns 11,918 shares of the company’s stock, valued at $1,324,089.80. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other news, SVP Surekha Trivedi sold 753 shares of the business’s stock in a transaction on Tuesday, September 3rd. The stock was 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 directly owns 11,918 shares of the company’s stock, valued at $1,324,089.80. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Jennifer Honeycutt sold 13,191 shares of the business’s stock in a transaction on 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 completion of the transaction, the chief executive officer now directly owns 138,546 shares of the company’s stock, valued at $15,514,381.08. The disclosure for this sale can be found here. Insiders sold a total of 25,096 shares of company stock valued at $2,772,707 over the last three months. 0.31% of the stock is currently owned by insiders.

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.