Carolinas Wealth Consulting LLC Has $97,000 Position in Veralto Co. (NYSE:VLTO)

Carolinas Wealth Consulting LLC raised its stake in Veralto Co. (NYSE:VLTO) by 8,350.0% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 1,014 shares of the company’s stock after buying an additional 1,002 shares during the quarter. Carolinas Wealth Consulting LLC’s holdings in Veralto were worth $97,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Seven Eight Capital LP lifted its holdings in shares of Veralto by 35.8% during the 2nd quarter. Seven Eight Capital LP now owns 15,479 shares of the company’s stock valued at $1,478,000 after buying an additional 4,077 shares during the last quarter. Waterloo Capital L.P. raised its position in Veralto by 7.3% during the second quarter. Waterloo Capital L.P. now owns 8,382 shares of the company’s stock valued at $800,000 after acquiring an additional 567 shares in the last quarter. O Brien Greene & Co. Inc lifted its stake in Veralto by 16.2% in the second quarter. O Brien Greene & Co. Inc now owns 60,877 shares of the company’s stock valued at $5,812,000 after acquiring an additional 8,471 shares during the last quarter. Vanguard Personalized Indexing Management LLC grew its position in Veralto by 4.7% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 17,888 shares of the company’s stock worth $1,708,000 after acquiring an additional 803 shares in the last quarter. Finally, Amalgamated Bank increased its stake in shares of Veralto by 4.7% during the 2nd quarter. Amalgamated Bank now owns 47,528 shares of the company’s stock worth $4,537,000 after purchasing an additional 2,151 shares during the last quarter. Hedge funds and other institutional investors own 91.28% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on VLTO shares. The Goldman Sachs Group upped their price objective on shares of Veralto from $104.00 to $116.00 and gave the stock a “buy” rating in a report on Monday, July 29th. Deutsche Bank Aktiengesellschaft upped their price target on Veralto from $100.00 to $109.00 and gave the stock a “hold” rating in a research note on Monday, July 29th. Stifel Nicolaus raised their price objective on Veralto from $110.00 to $117.00 and gave the company a “buy” rating in a research note on Monday, July 29th. Robert W. Baird upped their target price on Veralto from $98.00 to $112.00 and gave the stock a “neutral” rating in a research report on Monday, July 29th. Finally, UBS Group started coverage on shares of Veralto in a research report on Tuesday, August 13th. They issued a “neutral” rating and a $118.00 price target on the stock. Seven investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, Veralto presently has an average rating of “Moderate Buy” and a consensus price target of $104.46.

Veralto Stock Performance

NYSE VLTO opened at $108.11 on Thursday. The company’s fifty day moving average is $106.45 and its two-hundred day moving average is $98.51. The firm has a market capitalization of $26.72 billion and a price-to-earnings ratio of 33.22. 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 Co. has a 52-week low of $65.51 and a 52-week high of $112.77.

Veralto (NYSE:VLTO) last posted its quarterly earnings results on Thursday, July 25th. The company reported $0.85 EPS for the quarter, beating the consensus estimate of $0.80 by $0.05. Veralto had a return on equity of 58.82% and a net margin of 15.60%. The firm had revenue of $1.29 billion during the quarter, compared to analysts’ expectations of $1.28 billion. During the same quarter in the prior year, the firm posted $0.80 EPS. The company’s revenue for the quarter was up 2.8% on a year-over-year basis. Equities research analysts forecast that Veralto Co. will post 3.45 EPS for the current year.

Insider Buying and Selling

In other news, SVP Mattias Bystrom sold 3,000 shares of the stock in a transaction on Monday, July 29th. The shares were sold at an average price of $105.89, for a total value of $317,670.00. Following the completion of the transaction, the senior vice president now owns 31,045 shares in the company, valued at approximately $3,287,355.05. The sale was disclosed in a filing with the SEC, which is available at this link. In other Veralto news, SVP Surekha Trivedi sold 753 shares of Veralto 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 completion of the transaction, the senior vice president now directly owns 12,671 shares of the company’s stock, valued at $1,352,249.12. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, SVP Mattias Bystrom sold 3,000 shares of the stock in a transaction dated Monday, July 29th. The stock was sold at an average price of $105.89, for a total transaction of $317,670.00. Following the sale, the senior vice president now owns 31,045 shares of the company’s stock, valued at approximately $3,287,355.05. The disclosure for this sale can be found here. Insiders sold a total of 25,096 shares of company stock valued at $2,772,707 over the last ninety days. 0.31% of the stock is owned by company insiders.

About Veralto

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.