Waterloo Capital L.P. Grows Position in Veralto Co. (NYSE:VLTO)

Waterloo Capital L.P. lifted its holdings in shares of Veralto Co. (NYSE:VLTO) by 7.3% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 8,382 shares of the company’s stock after buying an additional 567 shares during the period. Waterloo Capital L.P.’s holdings in Veralto were worth $800,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of VLTO. Vanguard Group Inc. purchased a new stake in shares of Veralto during the fourth quarter valued at $2,127,330,000. Capital International Investors purchased a new stake in shares of Veralto during the fourth quarter valued at $538,324,000. Norges Bank purchased a new stake in shares of Veralto during the fourth quarter valued at $266,143,000. Swedbank AB purchased a new stake in shares of Veralto during the first quarter valued at $237,864,000. Finally, Northern Trust Corp boosted its position in shares of Veralto by 33,575.5% during the fourth quarter. Northern Trust Corp now owns 2,520,275 shares of the company’s stock valued at $207,318,000 after buying an additional 2,512,791 shares during the last quarter. 91.28% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

VLTO has been the topic of a number of recent research reports. TD Cowen increased their target price on Veralto from $95.00 to $100.00 and gave the company a “hold” rating in a report on Tuesday, July 30th. Stifel Nicolaus increased their target price on Veralto from $110.00 to $117.00 and gave the company a “buy” rating in a report on Monday, July 29th. UBS Group initiated coverage on Veralto in a report on Tuesday, August 13th. They issued a “neutral” rating and a $118.00 target price on the stock. The Goldman Sachs Group increased their target price on Veralto from $104.00 to $116.00 and gave the company a “buy” rating in a report on Monday, July 29th. Finally, Royal Bank of Canada increased their target price on Veralto from $101.00 to $108.00 and gave the company a “sector perform” rating in a report on Monday, July 29th. Seven research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $104.46.

Veralto Stock Down 0.8 %

NYSE VLTO opened at $108.11 on Thursday. The stock’s 50-day moving average price is $106.45 and its 200-day moving average price is $98.51. The company has a quick ratio of 1.70, a current ratio of 1.96 and a debt-to-equity ratio of 1.56. Veralto Co. has a 52 week low of $65.51 and a 52 week high of $112.77. The company has a market capitalization of $26.72 billion and a P/E ratio of 33.22.

Veralto (NYSE:VLTO) last released its earnings results on Thursday, July 25th. The company reported $0.85 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.80 by $0.05. Veralto had a return on equity of 58.82% and a net margin of 15.60%. The firm had revenue of $1.29 billion during the quarter, compared to analysts’ expectations of $1.28 billion. During the same quarter last year, the business posted $0.80 earnings per share. The firm’s revenue was up 2.8% on a year-over-year basis. On average, equities research analysts predict that Veralto Co. will post 3.45 earnings per share for the current year.

Insider Buying and Selling

In related news, SVP Surekha Trivedi sold 753 shares of the stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $111.10, for a total transaction of $83,658.30. Following the completion of the sale, the senior vice president now owns 11,918 shares in the company, valued at $1,324,089.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other Veralto news, CEO Jennifer Honeycutt sold 13,191 shares of the firm’s stock in a transaction that occurred on Friday, August 30th. The stock was 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 in the company, valued at approximately $15,514,381.08. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Surekha Trivedi sold 753 shares of the firm’s stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $111.10, for a total value of $83,658.30. Following the transaction, the senior vice president now owns 11,918 shares of the company’s stock, valued at approximately $1,324,089.80. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 25,096 shares of company stock worth $2,772,707. 0.31% of the stock is owned by corporate 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.