Regency Capital Management Inc. DE Decreases Stock Position in Veralto Co. (NYSE:VLTO)

Regency Capital Management Inc. DE lessened its position in Veralto Co. (NYSE:VLTO) by 9.2% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 46,663 shares of the company’s stock after selling 4,741 shares during the quarter. Veralto comprises 2.9% of Regency Capital Management Inc. DE’s holdings, making the stock its 16th largest position. Regency Capital Management Inc. DE’s holdings in Veralto were worth $5,220,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Goodman Advisory Group LLC purchased a new position in shares of Veralto during the second quarter worth $26,000. LRI Investments LLC purchased a new position in Veralto in the first quarter valued at $30,000. Fairscale Capital LLC purchased a new position in Veralto in the second quarter valued at $30,000. Newbridge Financial Services Group Inc. purchased a new position in Veralto in the fourth quarter valued at $32,000. Finally, Hazlett Burt & Watson Inc. boosted its holdings in Veralto by 11,100.0% in the second quarter. Hazlett Burt & Watson Inc. now owns 336 shares of the company’s stock valued at $32,000 after purchasing an additional 333 shares during the period. Hedge funds and other institutional investors own 91.28% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently issued reports on VLTO shares. Stifel Nicolaus lifted 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. Robert W. Baird upped their price objective on Veralto from $98.00 to $112.00 and gave the stock a “neutral” rating in a research report on Monday, July 29th. Royal Bank of Canada upped their price objective on Veralto from $101.00 to $108.00 and gave the stock a “sector perform” rating in a research report on Monday, July 29th. UBS Group initiated coverage on Veralto in a research report on Tuesday, August 13th. They set a “neutral” rating and a $118.00 price objective for the company. Finally, BMO Capital Markets upped their price objective on Veralto from $117.00 to $119.00 and gave the stock an “outperform” rating in a research report on Monday. Seven equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $105.67.

Veralto Stock Performance

Shares of VLTO stock traded up $0.71 during trading hours on Friday, reaching $112.02. 952,207 shares of the company’s stock were exchanged, compared to its average volume of 1,563,885. The company has a market cap of $27.68 billion and a P/E ratio of 33.62. The company’s 50 day moving average is $109.06 and its two-hundred day moving average is $100.14. Veralto Co. has a 1 year low of $65.51 and a 1 year high of $112.77. 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 (NYSE:VLTO) last issued its earnings results on Thursday, July 25th. The company reported $0.85 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.80 by $0.05. The business had revenue of $1.29 billion during 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%. The company’s revenue for the quarter was up 2.8% on a year-over-year basis. During the same period in the prior year, the business posted $0.80 EPS. Equities research analysts anticipate that Veralto Co. will post 3.45 EPS for the current fiscal year.

Veralto Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 31st. Investors of record on Friday, September 27th will be issued a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a dividend yield of 0.32%. The ex-dividend date of this dividend is Friday, September 27th.

Insider Buying and Selling

In related news, SVP Surekha Trivedi sold 753 shares of the company’s 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 sale, the senior vice president now owns 12,671 shares in the company, valued at $1,352,249.12. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other Veralto news, SVP Surekha Trivedi sold 753 shares of the stock in a transaction on Thursday, August 1st. The stock was sold at an average price of $106.72, for a total transaction of $80,360.16. Following the sale, the senior vice president now owns 12,671 shares in the company, valued at approximately $1,352,249.12. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Jennifer Honeycutt sold 13,191 shares of the 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 owns 138,546 shares in the company, valued at approximately $15,514,381.08. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 39,039 shares of company stock worth $4,310,335 in the last quarter. Company insiders own 0.31% of the company’s stock.

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.