Citizens Financial Group Inc. RI Makes New Investment in Veralto Co. (NYSE:VLTO)

Citizens Financial Group Inc. RI purchased a new position in shares of Veralto Co. (NYSE:VLTO) during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 2,481 shares of the company’s stock, valued at approximately $237,000.

Several other institutional investors also recently added to or reduced their stakes in the company. Oregon Public Employees Retirement Fund increased its position in Veralto by 0.5% during the second quarter. Oregon Public Employees Retirement Fund now owns 18,861 shares of the company’s stock worth $1,801,000 after buying an additional 100 shares during the period. Sequoia Financial Advisors LLC grew its stake in shares of Veralto by 2.7% in the 2nd quarter. Sequoia Financial Advisors LLC now owns 5,406 shares of the company’s stock valued at $516,000 after purchasing an additional 142 shares during the last quarter. Perkins Coie Trust Co grew its stake in shares of Veralto by 2.2% in the 2nd 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 shares of Veralto by 3.8% in 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 during the last quarter. Finally, Valeo Financial Advisors LLC grew its stake 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 during the last quarter. Institutional investors and hedge funds own 91.28% of the company’s stock.

Insiders Place Their Bets

In other Veralto 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 transaction of $83,658.30. Following the sale, the senior vice president now directly owns 11,918 shares in the company, valued at $1,324,089.80. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other news, 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 transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, 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 disclosure for this sale can be found here. Over the last ninety days, insiders have sold 25,096 shares of company stock worth $2,772,707. 0.31% of the stock is owned by corporate insiders.

Analyst Ratings Changes

VLTO has been the topic of several analyst reports. 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. 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. 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. UBS Group started coverage on Veralto in a research note on Tuesday, August 13th. They issued a “neutral” rating and a $118.00 target price on the stock. Finally, Stifel Nicolaus lifted their price target on Veralto from $110.00 to $117.00 and gave the company a “buy” rating in a research note on Monday, July 29th. Seven research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, Veralto presently has a consensus rating of “Moderate Buy” and an average target price of $104.46.

Veralto Stock Up 1.3 %

VLTO opened at $109.49 on Friday. The business’s fifty day moving average is $106.70 and its two-hundred day moving average is $98.58. The company has a debt-to-equity ratio of 1.56, a quick ratio of 1.70 and a current ratio of 1.96. The company has a market cap of $27.06 billion and a price-to-earnings ratio of 33.22. Veralto Co. has a one year low of $65.51 and a one year high of $112.77.

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