Country Trust Bank Buys 433 Shares of Veralto Co. (NYSE:VLTO)

Country Trust Bank raised its stake in shares of Veralto Co. (NYSE:VLTO) by 866.0% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 483 shares of the company’s stock after purchasing an additional 433 shares during the period. Country Trust Bank’s holdings in Veralto were worth $54,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently made changes to their positions in the company. Rafferty Asset Management LLC bought a new stake in Veralto in the fourth quarter worth $1,512,000. Gabelli Funds LLC purchased a new stake in shares of Veralto during the 4th quarter valued at about $569,000. Prudential PLC bought a new position in shares of Veralto in the 4th quarter valued at about $948,000. Connectus Wealth LLC purchased a new position in Veralto in the fourth quarter worth about $1,836,000. Finally, Shell Asset Management Co. bought a new stake in Veralto during the fourth quarter worth approximately $799,000. Hedge funds and other institutional investors own 91.28% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the company. Deutsche Bank Aktiengesellschaft lifted their target price on Veralto from $100.00 to $109.00 and gave the stock a “hold” rating in a report on Monday, July 29th. UBS Group assumed coverage on shares of Veralto in a research note on Tuesday, August 13th. They issued a “neutral” rating and a $118.00 target price on the stock. Robert W. Baird lifted their price target 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. BMO Capital Markets raised their price objective on shares of Veralto from $117.00 to $119.00 and gave the stock an “outperform” rating in a research note on Monday, September 30th. Finally, The Goldman Sachs Group increased their price target on Veralto from $104.00 to $116.00 and gave the stock a “buy” rating in a report on Monday, July 29th. Seven investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $105.67.

Insider Buying and Selling at Veralto

In other news, SVP Surekha Trivedi sold 753 shares of the firm’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 sale, the senior vice president now directly owns 11,165 shares in the company, valued at approximately $1,256,620.75. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Veralto news, SVP Mattias Bystrom sold 3,000 shares of the firm’s stock in a transaction dated Monday, July 29th. The stock was 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 owns 31,045 shares of the company’s stock, valued at approximately $3,287,355.05. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, 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 transaction of $84,750.15. Following the transaction, the senior vice president now owns 11,165 shares in the company, valued at approximately $1,256,620.75. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 39,039 shares of company stock worth $4,310,335 over the last quarter. Insiders own 0.31% of the company’s stock.

Veralto Stock Up 1.0 %

Shares of Veralto stock opened at $112.18 on Wednesday. The company has a debt-to-equity ratio of 1.56, a current ratio of 1.96 and a quick ratio of 1.70. The stock has a market cap of $27.69 billion and a price-to-earnings ratio of 33.63. The firm’s 50-day moving average is $109.33 and its two-hundred day moving average is $100.64. Veralto Co. has a 1 year low of $65.51 and a 1 year high of $112.77.

Veralto (NYSE:VLTO) last issued its quarterly earnings data on Thursday, July 25th. The company reported $0.85 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.80 by $0.05. The company 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%. Veralto’s revenue was up 2.8% compared to the same quarter last year. During the same period last year, the company posted $0.80 earnings per share. As a group, research analysts expect that Veralto Co. will post 3.45 earnings per share for the current fiscal year.

Veralto Dividend Announcement

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

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.