Blair William & Co. IL Sells 27,382 Shares of Veralto Co. (NYSE:VLTO)

Blair William & Co. IL lessened its stake in shares of Veralto Co. (NYSE:VLTO) by 15.0% in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 154,592 shares of the company’s stock after selling 27,382 shares during the period. Blair William & Co. IL owned about 0.06% of Veralto worth $14,759,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. O Brien Greene & Co. Inc raised its stake in shares of Veralto by 16.2% during the second quarter. O Brien Greene & Co. Inc now owns 60,877 shares of the company’s stock valued at $5,812,000 after acquiring an additional 8,471 shares in the last quarter. Vanguard Personalized Indexing Management LLC raised its stake in shares of Veralto by 4.7% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 17,888 shares of the company’s stock valued at $1,708,000 after acquiring an additional 803 shares in the last quarter. Amalgamated Bank raised its stake in shares of Veralto by 4.7% during the second quarter. Amalgamated Bank now owns 47,528 shares of the company’s stock valued at $4,537,000 after acquiring an additional 2,151 shares in the last quarter. Tredje AP fonden raised its stake in shares of Veralto by 5.8% during the second quarter. Tredje AP fonden now owns 62,947 shares of the company’s stock valued at $6,010,000 after acquiring an additional 3,425 shares in the last quarter. Finally, Meiji Yasuda Asset Management Co Ltd. raised its stake in shares of Veralto by 15.0% during the second quarter. Meiji Yasuda Asset Management Co Ltd. now owns 3,802 shares of the company’s stock valued at $363,000 after acquiring an additional 496 shares in the last quarter. Institutional investors own 91.28% of the company’s stock.

Insider Activity

In other news, SVP Surekha Trivedi sold 753 shares of the business’s stock in a transaction on 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 of the company’s stock, valued at $1,352,249.12. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other Veralto news, CEO Jennifer Honeycutt sold 13,191 shares of the company’s stock in a transaction 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 sale, the chief executive officer now directly owns 138,546 shares of the company’s stock, valued at $15,514,381.08. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, SVP Surekha Trivedi sold 753 shares of the company’s stock in a transaction on Thursday, August 1st. The shares were sold at an average price of $106.72, for a total transaction of $80,360.16. Following the completion of the sale, the senior vice president now directly owns 12,671 shares in the company, valued at $1,352,249.12. The disclosure for this sale can be found here. Insiders have sold 25,096 shares of company stock valued at $2,772,707 over the last ninety days. 0.31% of the stock is currently owned by insiders.

Veralto Stock Performance

Shares of VLTO stock opened at $109.49 on Friday. The company has a market cap of $27.06 billion and a PE ratio of 33.22. The company has a current ratio of 1.96, a quick ratio of 1.70 and a debt-to-equity ratio of 1.56. Veralto Co. has a 12-month low of $65.51 and a 12-month high of $112.77. The business’s fifty day simple moving average is $106.70 and its 200-day simple moving average is $98.58.

Veralto (NYSE:VLTO) last announced its quarterly earnings data on Thursday, July 25th. The company reported $0.85 earnings per share for the quarter, beating analysts’ consensus estimates of $0.80 by $0.05. The firm had revenue of $1.29 billion for the quarter, compared to analyst estimates of $1.28 billion. Veralto had a net margin of 15.60% and a return on equity of 58.82%. The business’s quarterly revenue was up 2.8% compared to the same quarter last year. During the same period in the previous year, the company earned $0.80 earnings per share. Analysts expect that Veralto Co. will post 3.45 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts recently commented on VLTO shares. Robert W. Baird boosted their price objective on shares of Veralto from $98.00 to $112.00 and gave the stock a “neutral” rating in a research note on Monday, July 29th. Stifel Nicolaus boosted their price objective on shares of Veralto from $110.00 to $117.00 and gave the stock a “buy” rating in a research note on Monday, July 29th. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Veralto from $100.00 to $109.00 and gave the stock a “hold” rating in a research note on Monday, July 29th. Royal Bank of Canada boosted their price objective on shares of Veralto from $101.00 to $108.00 and gave the stock a “sector perform” rating in a research note on Monday, July 29th. Finally, UBS Group started coverage on shares of Veralto in a research note on Tuesday, August 13th. They issued a “neutral” rating and a $118.00 price objective for the company. Seven investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat.com, Veralto currently has an average rating of “Moderate Buy” and an average price target of $104.46.

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.