One Capital Management LLC Makes New $202,000 Investment in Veralto Co. (NYSE:VLTO)

One Capital Management LLC bought a new stake in Veralto Co. (NYSE:VLTO) in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 2,118 shares of the company’s stock, valued at approximately $202,000.

Other hedge funds have also modified their holdings of the company. Oregon Public Employees Retirement Fund boosted its position in 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 buying an additional 100 shares during the last quarter. Sequoia Financial Advisors LLC lifted its stake in shares of Veralto by 2.7% in the second quarter. Sequoia Financial Advisors LLC now owns 5,406 shares of the company’s stock worth $516,000 after acquiring an additional 142 shares in the last quarter. Perkins Coie Trust Co boosted its holdings in Veralto by 2.2% in the second quarter. Perkins Coie Trust Co now owns 7,128 shares of the company’s stock valued at $680,000 after purchasing 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 valued at $421,000 after purchasing an additional 160 shares in the last quarter. Finally, Valeo Financial Advisors LLC raised its position in shares of Veralto by 5.0% in the 2nd quarter. Valeo Financial Advisors LLC now owns 3,533 shares of the company’s stock valued at $337,000 after purchasing an additional 168 shares in the last quarter. 91.28% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In related news, SVP Surekha Trivedi sold 753 shares of the stock in a transaction that occurred 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 directly owns 12,671 shares of the company’s stock, valued at approximately $1,352,249.12. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In related news, SVP Surekha Trivedi sold 753 shares of Veralto stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of $106.72, for a total transaction of $80,360.16. Following the sale, the senior vice president now directly owns 12,671 shares in the company, valued at $1,352,249.12. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Jennifer Honeycutt sold 13,191 shares of the stock in a transaction dated Friday, August 30th. The shares were sold at an average price of $111.98, for a total transaction of $1,477,128.18. Following the completion of the transaction, the chief executive officer now owns 138,546 shares of the company’s stock, valued at approximately $15,514,381.08. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 25,096 shares of company stock valued at $2,772,707. Insiders own 0.31% of the company’s stock.

Wall Street Analyst Weigh In

VLTO has been the subject of a number of recent analyst reports. UBS Group initiated coverage on shares of Veralto in a research report on Tuesday, August 13th. They set a “neutral” rating and a $118.00 price target for the company. Stifel Nicolaus boosted their target price on shares of Veralto from $110.00 to $117.00 and gave the stock a “buy” rating in a research report on Monday, July 29th. Royal Bank of Canada increased their price target on shares of Veralto from $101.00 to $108.00 and gave the stock a “sector perform” rating in a research report on Monday, July 29th. Robert W. Baird boosted their price objective on Veralto from $98.00 to $112.00 and gave the company a “neutral” rating in a report on Monday, July 29th. Finally, TD Cowen increased their target price on Veralto from $95.00 to $100.00 and gave the stock a “hold” rating in a report on Tuesday, July 30th. Seven investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $104.46.

Veralto Price Performance

Shares of VLTO opened at $108.11 on Thursday. The company has a debt-to-equity ratio of 1.56, a current ratio of 1.96 and a quick ratio of 1.70. The company has a market cap of $26.72 billion and a P/E ratio of 33.22. Veralto Co. has a 12 month low of $65.51 and a 12 month high of $112.77. The stock has a fifty day moving average price of $106.45 and a 200 day moving average price of $98.51.

Veralto (NYSE:VLTO) last released its quarterly earnings data 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. The business had revenue of $1.29 billion for the quarter, compared to analysts’ expectations of $1.28 billion. Veralto had a net margin of 15.60% and a return on equity of 58.82%. The company’s revenue for the quarter was up 2.8% compared to the same quarter last year. During the same quarter last year, the company earned $0.80 EPS. On average, research analysts forecast that Veralto Co. will post 3.45 earnings per share for the current year.

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.