Alpha Omega Wealth Management LLC Sells 111 Shares of Veralto Co. (NYSE:VLTO)

Alpha Omega Wealth Management LLC lowered its position in Veralto Co. (NYSE:VLTO) by 2.2% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 4,891 shares of the company’s stock after selling 111 shares during the period. Alpha Omega Wealth Management LLC’s holdings in Veralto were worth $547,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Goodman Advisory Group LLC purchased a new position in shares of Veralto in the second quarter worth $26,000. LRI Investments LLC purchased a new stake in Veralto in the 1st quarter worth $30,000. Fairscale Capital LLC bought a new position in shares of Veralto during the 2nd quarter valued at about $30,000. Newbridge Financial Services Group Inc. purchased a new position in shares of Veralto during the fourth quarter valued at about $32,000. Finally, Hazlett Burt & Watson Inc. increased its holdings in shares of Veralto by 11,100.0% in the second quarter. Hazlett Burt & Watson Inc. now owns 336 shares of the company’s stock worth $32,000 after purchasing an additional 333 shares during the last quarter. Hedge funds and other institutional investors own 91.28% of the company’s stock.

Insider Transactions at Veralto

In related news, SVP Surekha Trivedi sold 753 shares of the company’s stock in a transaction dated Tuesday, October 1st. The shares were sold at an average price of $112.55, for a total value of $84,750.15. Following the completion of the sale, the senior vice president now directly owns 11,165 shares of the company’s stock, valued at $1,256,620.75. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, SVP Mattias Bystrom sold 3,000 shares of Veralto stock in a transaction on Monday, July 29th. The stock was sold at an average price of $105.89, for a total value of $317,670.00. Following the transaction, the senior vice president now directly owns 31,045 shares in the company, valued at approximately $3,287,355.05. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, SVP Surekha Trivedi sold 753 shares of the business’s stock in a transaction on Tuesday, October 1st. The stock was sold at an average price of $112.55, for a total value of $84,750.15. Following the completion of the transaction, the senior vice president now directly owns 11,165 shares of the company’s stock, valued at approximately $1,256,620.75. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 39,039 shares of company stock valued at $4,310,335. 0.31% of the stock is currently owned by corporate insiders.

Veralto Trading Up 0.6 %

Shares of NYSE VLTO traded up $0.71 during midday trading on Friday, hitting $112.02. The company’s stock had a trading volume of 952,237 shares, compared to its average volume of 1,563,885. Veralto Co. has a 12-month low of $65.51 and a 12-month high of $112.77. The company has a current ratio of 1.96, a quick ratio of 1.70 and a debt-to-equity ratio of 1.56. The firm has a market cap of $27.65 billion and a P/E ratio of 33.24. The business’s 50 day moving average is $109.21 and its two-hundred day moving average is $100.31.

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

Veralto Announces Dividend

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

Analyst Ratings Changes

VLTO has been the subject of several research analyst reports. UBS Group started coverage on Veralto in a report on Tuesday, August 13th. They set a “neutral” rating and a $118.00 price target for the company. The Goldman Sachs Group raised their target price on shares of Veralto from $104.00 to $116.00 and gave the company a “buy” rating in a report on Monday, July 29th. Royal Bank of Canada upped their price target on shares of Veralto from $101.00 to $108.00 and gave the company a “sector perform” rating in a research note on Monday, July 29th. Stifel Nicolaus lifted 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. Finally, Deutsche Bank Aktiengesellschaft upped their target price on shares of Veralto from $100.00 to $109.00 and gave the company a “hold” rating in a research report on Monday, July 29th. Seven equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat, Veralto has an average rating of “Hold” and an average target price of $105.67.

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.