219,054 Shares in Veralto Co. (NYSE:VLTO) Purchased by Intech Investment Management LLC

Intech Investment Management LLC acquired a new position in Veralto Co. (NYSE:VLTO) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 219,054 shares of the company’s stock, valued at approximately $20,913,000. Intech Investment Management LLC owned 0.09% of Veralto as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. Delta Asset Management LLC TN lifted its holdings in Veralto by 216.0% in the fourth 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 period. Johnson Financial Group Inc. acquired a new stake in Veralto in the fourth quarter worth about $27,000. Cassady Schiller Wealth Management LLC acquired a new stake in Veralto in the fourth quarter worth about $30,000. LRI Investments LLC bought a new stake in Veralto in the first quarter worth about $30,000. Finally, Newbridge Financial Services Group Inc. bought a new stake in Veralto in the fourth quarter worth about $32,000. Institutional investors and hedge funds own 91.28% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have commented on the stock. Stifel Nicolaus boosted their price target 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. Deutsche Bank Aktiengesellschaft boosted their price target on shares of Veralto from $100.00 to $109.00 and gave the stock a “hold” rating in a research report on Monday, July 29th. The Goldman Sachs Group boosted their price target on shares of Veralto from $104.00 to $116.00 and gave the stock a “buy” rating in a research report on Monday, July 29th. Royal Bank of Canada boosted 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. Finally, TD Cowen boosted their price target on shares of Veralto from $95.00 to $100.00 and gave the stock a “hold” rating in a research report on Tuesday, July 30th. Seven analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat.com, Veralto has a consensus rating of “Moderate Buy” and an average price target of $104.46.

Veralto Trading Up 1.3 %

NYSE:VLTO opened at $109.49 on Friday. 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 Co. has a fifty-two week low of $65.51 and a fifty-two week high of $112.77. The stock’s 50-day moving average is $106.70 and its two-hundred day moving average is $98.58. The stock has a market cap of $27.06 billion and a PE ratio of 33.22.

Veralto (NYSE:VLTO) last released its earnings results on Thursday, July 25th. The company reported $0.85 earnings per share for the quarter, beating 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 company had revenue of $1.29 billion for the quarter, compared to analysts’ expectations of $1.28 billion. During the same quarter in the previous year, the business posted $0.80 EPS. The business’s revenue for the quarter was up 2.8% on a year-over-year basis. As a group, equities research analysts forecast that Veralto Co. will post 3.45 earnings per share for the current fiscal year.

Insider Activity at Veralto

In related news, CEO Jennifer Honeycutt sold 13,191 shares of the business’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 value of $1,477,128.18. Following the completion of the sale, 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 document filed with the SEC, which is available at this link. In related news, CEO Jennifer Honeycutt sold 13,191 shares of the business’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 value of $1,477,128.18. Following the completion of the sale, 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 document filed with the SEC, which is available at this link. Also, SVP Mattias Bystrom sold 3,000 shares of the business’s stock in a transaction that occurred on Monday, July 29th. The shares were sold at an average price of $105.89, for a total value of $317,670.00. Following the completion of the sale, the senior vice president now directly owns 31,045 shares of the company’s stock, valued at approximately $3,287,355.05. The disclosure for this sale can be found here. In the last quarter, insiders sold 25,096 shares of company stock valued at $2,772,707. 0.31% of the stock is owned by corporate 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.