Perkins Coie Trust Co Has $811,000 Stock Position in Veralto Co. (NYSE:VLTO)

Perkins Coie Trust Co increased its position in shares of Veralto Co. (NYSE:VLTO) by 1.8% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 7,253 shares of the company’s stock after purchasing an additional 125 shares during the quarter. Perkins Coie Trust Co’s holdings in Veralto were worth $811,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in the company. Oregon Public Employees Retirement Fund grew its holdings in Veralto by 0.5% during the 2nd quarter. Oregon Public Employees Retirement Fund now owns 18,861 shares of the company’s stock worth $1,801,000 after acquiring an additional 100 shares during the last quarter. Sequoia Financial Advisors LLC grew its holdings in Veralto by 2.7% during the 2nd quarter. Sequoia Financial Advisors LLC now owns 5,406 shares of the company’s stock worth $516,000 after acquiring an additional 142 shares during the last quarter. Graypoint LLC grew its holdings in Veralto by 3.8% during the 2nd quarter. Graypoint LLC now owns 4,407 shares of the company’s stock worth $421,000 after acquiring an additional 160 shares during the last quarter. Mirador Capital Partners LP grew its holdings in Veralto by 2.3% during the 3rd quarter. Mirador Capital Partners LP now owns 7,147 shares of the company’s stock worth $799,000 after acquiring an additional 160 shares during the last quarter. Finally, Valeo Financial Advisors LLC grew its holdings in Veralto by 5.0% during the 2nd quarter. Valeo Financial Advisors LLC now owns 3,533 shares of the company’s stock worth $337,000 after acquiring an additional 168 shares during the last quarter. Institutional investors and hedge funds own 91.28% of the company’s stock.

Veralto Trading Up 1.2 %

Veralto stock traded up $1.30 during midday trading on Wednesday, hitting $113.48. 102,065 shares of the stock were exchanged, compared to its average volume of 1,555,807. 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 stock has a market capitalization of $28.01 billion and a PE ratio of 33.63. The company has a fifty day simple moving average of $109.33 and a two-hundred day simple moving average of $100.64. Veralto Co. has a 52 week low of $65.51 and a 52 week high of $113.48.

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

Veralto Dividend Announcement

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

Insiders Place Their Bets

In other Veralto news, SVP Mattias Bystrom sold 3,000 shares of the firm’s stock in a transaction that occurred 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 directly owns 31,045 shares in the company, valued at approximately $3,287,355.05. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. In other news, SVP Mattias Bystrom sold 3,000 shares of Veralto 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 sale, the senior vice president now directly owns 31,045 shares in the company, valued at $3,287,355.05. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Surekha Trivedi sold 753 shares of Veralto stock in a transaction that occurred on Thursday, August 1st. The shares were sold at an average price of $106.72, for a total transaction of $80,360.16. Following the completion of the sale, the senior vice president now owns 12,671 shares in the company, valued at $1,352,249.12. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 39,039 shares of company stock worth $4,310,335. Company insiders own 0.31% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently issued reports on the stock. 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. TD Cowen raised their target price on shares of Veralto from $95.00 to $100.00 and gave the company a “hold” rating in a research note on Tuesday, July 30th. Deutsche Bank Aktiengesellschaft raised their target price on shares of Veralto from $100.00 to $109.00 and gave the company a “hold” rating in a research note on Monday, July 29th. The Goldman Sachs Group raised their target price on shares of Veralto from $104.00 to $116.00 and gave the company a “buy” rating in a research note on Monday, July 29th. Finally, BMO Capital Markets raised their target price on shares of Veralto from $117.00 to $119.00 and gave the company an “outperform” rating in a research note on Monday, September 30th. Seven analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat, Veralto has a consensus rating of “Hold” and a consensus price target of $105.67.

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.