Vanguard Personalized Indexing Management LLC Buys 803 Shares of Veralto Co. (NYSE:VLTO)

Vanguard Personalized Indexing Management LLC lifted its stake in Veralto Co. (NYSE:VLTO) by 4.7% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 17,888 shares of the company’s stock after purchasing an additional 803 shares during the period. Vanguard Personalized Indexing Management LLC’s holdings in Veralto were worth $1,708,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. LRI Investments LLC bought a new position in shares of Veralto in the first quarter worth about $30,000. Johnson Financial Group Inc. bought a new position in shares of Veralto in the fourth quarter worth about $27,000. Hazlett Burt & Watson Inc. lifted its stake in 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 acquiring an additional 333 shares during the period. Newbridge Financial Services Group Inc. purchased a new stake in Veralto in the fourth quarter worth about $32,000. Finally, Mather Group LLC. purchased a new stake in Veralto in the first quarter worth about $33,000. 91.28% of the stock is currently owned by institutional investors.

Insider Activity at Veralto

In related news, CEO Jennifer Honeycutt sold 13,191 shares of the stock in a transaction that occurred on 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 completion of the transaction, the chief executive officer now directly owns 138,546 shares of the company’s stock, valued at approximately $15,514,381.08. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, SVP Mattias Bystrom sold 3,000 shares of the stock in a transaction that occurred 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 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 through this link. Also, CEO Jennifer Honeycutt sold 13,191 shares of the stock in a transaction that occurred on 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 transaction, the chief executive officer now owns 138,546 shares in the company, valued at approximately $15,514,381.08. The disclosure for this sale can be found here. Insiders sold 25,096 shares of company stock valued at $2,772,707 in the last three months. 0.31% of the stock is owned by insiders.

Veralto Stock Performance

Shares of Veralto stock opened at $109.47 on Friday. The firm has a market capitalization of $27.05 billion and a P/E ratio of 33.22. The company has a quick ratio of 1.70, a current ratio of 1.96 and a debt-to-equity ratio of 1.56. The company has a 50 day moving average price of $106.91 and a 200 day moving average price of $98.81. Veralto Co. has a 52 week low of $65.51 and a 52 week high of $112.77.

Veralto (NYSE:VLTO) last announced its quarterly earnings data on Thursday, July 25th. The company reported $0.85 EPS for the quarter, beating the consensus estimate of $0.80 by $0.05. The firm had revenue of $1.29 billion during 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% on a year-over-year basis. During the same period last year, the firm posted $0.80 EPS. Sell-side analysts expect that Veralto Co. will post 3.45 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on VLTO. UBS Group began coverage on shares of Veralto in a research note on Tuesday, August 13th. They issued a “neutral” rating and a $118.00 price objective for the company. Stifel Nicolaus upped 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. Deutsche Bank Aktiengesellschaft upped their price objective on shares of Veralto from $100.00 to $109.00 and gave the stock a “hold” rating in a research note on Monday, July 29th. Robert W. Baird upped their price objective 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. Finally, 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 research note on Monday, July 29th. Seven investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average 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.