Oppenheimer Asset Management Inc. Purchases 1,133 Shares of Veralto Co. (NYSE:VLTO)

Oppenheimer Asset Management Inc. boosted its holdings in shares of Veralto Co. (NYSE:VLTO) by 46.1% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,591 shares of the company’s stock after acquiring an additional 1,133 shares during the period. Oppenheimer Asset Management Inc.’s holdings in Veralto were worth $343,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also added to or reduced their stakes in VLTO. LRI Investments LLC purchased a new stake in shares of Veralto during the 1st quarter worth $30,000. Johnson Financial Group Inc. purchased a new stake in shares of Veralto during the fourth quarter valued at about $27,000. Hazlett Burt & Watson Inc. boosted its holdings in shares of Veralto by 11,100.0% in the 2nd quarter. Hazlett Burt & Watson Inc. now owns 336 shares of the company’s stock valued at $32,000 after buying an additional 333 shares in the last quarter. Newbridge Financial Services Group Inc. bought a new stake in shares of Veralto in the 4th quarter valued at about $32,000. Finally, Mather Group LLC. purchased a new position in shares of Veralto in the 1st quarter worth approximately $33,000. Hedge funds and other institutional investors own 91.28% of the company’s stock.

Insider Buying and Selling

In other Veralto news, SVP Surekha Trivedi sold 753 shares of the business’s stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $111.10, for a total value of $83,658.30. Following the completion of the transaction, the senior vice president now directly owns 11,918 shares of the company’s stock, valued at $1,324,089.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, SVP Mattias Bystrom sold 3,000 shares of the firm’s stock in a transaction on Monday, July 29th. The shares were 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 in the company, valued at $3,287,355.05. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, SVP Surekha Trivedi sold 753 shares of the company’s stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $111.10, for a total transaction of $83,658.30. Following the completion of the transaction, the senior vice president now owns 11,918 shares of the company’s stock, valued at approximately $1,324,089.80. The disclosure for this sale can be found here. Insiders have sold a total of 25,096 shares of company stock valued at $2,772,707 over the last ninety days. Company insiders own 0.31% of the company’s stock.

Veralto Price Performance

VLTO stock opened at $109.47 on Friday. 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 firm’s fifty day simple moving average is $106.91 and its 200-day simple moving average is $98.81. Veralto Co. has a 12 month low of $65.51 and a 12 month high of $112.77. The company has a market capitalization of $27.05 billion and a P/E ratio of 33.22.

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. 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%. The firm’s revenue was up 2.8% on a year-over-year basis. During the same period in the prior year, the company earned $0.80 earnings per share. As a group, equities research analysts forecast that Veralto Co. will post 3.45 earnings per share for the current year.

Analyst Ratings Changes

VLTO has been the subject of a number of analyst reports. Royal Bank of Canada increased their target price on shares of Veralto from $101.00 to $108.00 and gave the company a “sector perform” rating in a research report on Monday, July 29th. The Goldman Sachs Group raised their price objective on Veralto from $104.00 to $116.00 and gave the stock a “buy” rating in a research report on Monday, July 29th. Deutsche Bank Aktiengesellschaft upped their target price on Veralto from $100.00 to $109.00 and gave the company a “hold” rating in a research report on Monday, July 29th. TD Cowen raised their price target on Veralto from $95.00 to $100.00 and gave the stock a “hold” rating in a report on Tuesday, July 30th. Finally, Stifel Nicolaus upped their price objective on shares of Veralto from $110.00 to $117.00 and gave the company a “buy” rating in a report on Monday, July 29th. Seven investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $104.46.

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.