Walter Public Investments Inc. Lowers Position in Veralto Co. (NYSE:VLTO)

Walter Public Investments Inc. decreased its stake in Veralto Co. (NYSE:VLTO) by 0.1% in the second quarter, HoldingsChannel.com reports. The institutional investor owned 130,571 shares of the company’s stock after selling 185 shares during the period. Veralto comprises approximately 2.3% of Walter Public Investments Inc.’s holdings, making the stock its 20th biggest position. Walter Public Investments Inc.’s holdings in Veralto were worth $12,466,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Fairfield Financial Advisors LTD purchased a new stake in shares of Veralto in the second quarter worth $272,000. Stevard LLC increased its stake in Veralto by 71.4% in the 2nd quarter. Stevard LLC now owns 4,702 shares of the company’s stock worth $449,000 after buying an additional 1,959 shares in the last quarter. Nia Impact Advisors LLC raised its holdings in Veralto by 5.4% during the second quarter. Nia Impact Advisors LLC now owns 4,863 shares of the company’s stock valued at $464,000 after acquiring an additional 250 shares during the period. Envestnet Asset Management Inc. lifted its position in shares of Veralto by 0.6% in the second quarter. Envestnet Asset Management Inc. now owns 701,764 shares of the company’s stock valued at $66,997,000 after acquiring an additional 3,888 shares in the last quarter. Finally, Oppenheimer Asset Management Inc. boosted its stake in shares of Veralto by 46.1% in the second quarter. Oppenheimer Asset Management Inc. now owns 3,591 shares of the company’s stock worth $343,000 after acquiring an additional 1,133 shares during the period. Institutional investors own 91.28% of the company’s stock.

Insider Buying and Selling at Veralto

In other news, CEO Jennifer Honeycutt sold 13,191 shares of the firm’s stock in a transaction that occurred on Friday, August 30th. The shares were sold at an average price of $111.98, for a total transaction of $1,477,128.18. Following the transaction, the chief executive officer now directly owns 138,546 shares of the company’s stock, valued at $15,514,381.08. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other Veralto news, CEO Jennifer Honeycutt sold 13,191 shares of the firm’s stock in a transaction 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 transaction, the chief executive officer now directly owns 138,546 shares in the company, valued at approximately $15,514,381.08. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Mattias Bystrom sold 3,000 shares of the company’s stock in a transaction on Monday, July 29th. The stock was sold at an average price of $105.89, for a total value of $317,670.00. Following the completion of the sale, the senior vice president now owns 31,045 shares of the company’s stock, valued at $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 in the last three months. Company insiders own 0.31% of the company’s stock.

Veralto Trading Up 0.7 %

Shares of NYSE VLTO opened at $110.02 on Monday. Veralto Co. has a fifty-two week low of $65.51 and a fifty-two week high of $112.77. The company has a debt-to-equity ratio of 1.56, a quick ratio of 1.70 and a current ratio of 1.96. The company has a market cap of $27.19 billion and a price-to-earnings ratio of 33.02. The business’s 50 day moving average price is $105.66 and its 200-day moving average price is $98.12.

Veralto (NYSE:VLTO) last released its earnings results on Thursday, July 25th. The company reported $0.85 earnings per share for the quarter, topping analysts’ consensus estimates of $0.80 by $0.05. The business had revenue of $1.29 billion for the quarter, compared to analyst estimates of $1.28 billion. Veralto had a return on equity of 58.82% and a net margin of 15.60%. The business’s revenue was up 2.8% compared to the same quarter last year. During the same quarter last year, the firm posted $0.80 earnings per share. On average, sell-side analysts expect that Veralto Co. will post 3.45 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on VLTO shares. Royal Bank of Canada boosted their price target on Veralto from $101.00 to $108.00 and gave the stock a “sector perform” rating in a report on Monday, July 29th. The Goldman Sachs Group upped their target price on shares of Veralto from $104.00 to $116.00 and gave the stock a “buy” rating in a research report on Monday, July 29th. 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. Robert W. Baird increased their target price on Veralto from $98.00 to $112.00 and gave the company a “neutral” rating in a research report on Monday, July 29th. Finally, TD Cowen increased their price target on shares of Veralto from $95.00 to $100.00 and gave the company a “hold” rating in a report on Tuesday, July 30th. Seven equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $104.46.

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.