4,097 Shares in Veralto Co. (NYSE:VLTO) Purchased by Choreo LLC

Choreo LLC purchased a new position in shares of Veralto Co. (NYSE:VLTO) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 4,097 shares of the company’s stock, valued at approximately $391,000.

A number of other institutional investors also recently made changes to their positions in the stock. Delta Asset Management LLC TN raised its holdings in Veralto by 216.0% during the fourth quarter. Delta Asset Management LLC TN now owns 316 shares of the company’s stock worth $26,000 after purchasing an additional 216 shares in the last quarter. Johnson Financial Group Inc. acquired a new stake in shares of Veralto in the fourth quarter valued at $27,000. Cassady Schiller Wealth Management LLC bought a new position in Veralto during the fourth quarter valued at about $30,000. LRI Investments LLC acquired a new position in Veralto during the first quarter worth about $30,000. Finally, Newbridge Financial Services Group Inc. bought a new stake in Veralto in the fourth quarter worth about $32,000. 91.28% of the stock is owned by institutional investors and hedge funds.

Veralto Price Performance

Shares of VLTO opened at $109.94 on Tuesday. The business’s 50-day moving average is $105.94 and its 200-day moving average is $98.28. 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 company has a market capitalization of $27.17 billion and a price-to-earnings ratio of 29.55. Veralto Co. has a fifty-two week low of $65.51 and a fifty-two week high of $112.77.

Veralto (NYSE:VLTO) last released its quarterly earnings data on Thursday, July 25th. The company reported $0.85 earnings per share for the quarter, beating the consensus estimate 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 company’s revenue for the quarter was up 2.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.80 EPS. Equities research analysts expect that Veralto Co. will post 3.45 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on VLTO shares. TD Cowen raised their price objective on shares of Veralto from $95.00 to $100.00 and gave the company a “hold” rating in a research report on Tuesday, July 30th. 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 report on Monday, July 29th. UBS Group started 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. Stifel Nicolaus lifted their target price on Veralto from $110.00 to $117.00 and gave the stock a “buy” rating in a report on Monday, July 29th. Finally, The Goldman Sachs Group boosted their target price on Veralto from $104.00 to $116.00 and gave the stock a “buy” rating in a research report on Monday, July 29th. Seven equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $104.46.

Insider Activity at Veralto

In other news, CEO Jennifer Honeycutt sold 13,191 shares of the firm’s stock in a transaction dated Friday, August 30th. The stock was sold at an average price of $111.98, for a total transaction of $1,477,128.18. Following the completion of the sale, the chief executive officer now directly owns 138,546 shares of the company’s stock, valued at approximately $15,514,381.08. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, SVP Surekha Trivedi sold 753 shares of the company’s stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $111.10, for a total value of $83,658.30. Following the completion of the sale, the senior vice president now directly owns 11,918 shares in the company, valued at $1,324,089.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Jennifer Honeycutt sold 13,191 shares of the firm’s stock in a transaction dated 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 transaction, the chief executive officer now owns 138,546 shares in the company, valued at $15,514,381.08. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 25,096 shares of company stock valued at $2,772,707. 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.