Bradley Foster & Sargent Inc. CT Sells 4,749 Shares of Veralto Co. (NYSE:VLTO)

Bradley Foster & Sargent Inc. CT reduced its position in Veralto Co. (NYSE:VLTO) by 3.8% in the second quarter, HoldingsChannel.com reports. The institutional investor owned 119,390 shares of the company’s stock after selling 4,749 shares during the period. Bradley Foster & Sargent Inc. CT’s holdings in Veralto were worth $11,398,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also bought and sold shares of the company. Vanguard Group Inc. bought a new stake in Veralto during the fourth quarter worth about $2,127,330,000. Capital International Investors bought a new position in Veralto in the 4th quarter valued at approximately $538,324,000. Norges Bank bought a new position in Veralto in the 4th quarter valued at approximately $266,143,000. Swedbank AB bought a new position in Veralto in the 1st quarter valued at approximately $237,864,000. Finally, Northern Trust Corp lifted its holdings in shares of Veralto by 33,575.5% during the 4th quarter. Northern Trust Corp now owns 2,520,275 shares of the company’s stock valued at $207,318,000 after buying an additional 2,512,791 shares during the period. 91.28% of the stock is owned by hedge funds and other institutional investors.

Veralto Trading Down 0.9 %

Shares of VLTO stock opened at $108.94 on Wednesday. Veralto Co. has a 52-week low of $65.51 and a 52-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 firm has a market capitalization of $26.89 billion and a PE ratio of 29.28. The stock has a fifty day simple moving average of $106.21 and a two-hundred day simple moving average of $98.44.

Veralto (NYSE:VLTO) last issued its quarterly earnings results on Thursday, July 25th. The company reported $0.85 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.80 by $0.05. The business had revenue of $1.29 billion during 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%. Veralto’s revenue for the quarter was up 2.8% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.80 EPS. On average, analysts predict that Veralto Co. will post 3.45 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on VLTO shares. Royal Bank of Canada increased their price target on Veralto from $101.00 to $108.00 and gave the company a “sector perform” rating in a report on Monday, July 29th. TD Cowen increased their price target on Veralto from $95.00 to $100.00 and gave the company a “hold” rating in a report on Tuesday, July 30th. Robert W. Baird increased their price target on Veralto from $98.00 to $112.00 and gave the company a “neutral” rating in a report on Monday, July 29th. Stifel Nicolaus raised 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. Finally, UBS Group assumed coverage on Veralto in a report on Tuesday, August 13th. They issued a “neutral” rating and a $118.00 target price on the stock. Seven investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat.com, Veralto presently has an average rating of “Moderate Buy” and an average price target of $104.46.

Insider Activity

In other news, CEO Jennifer Honeycutt sold 13,191 shares of the firm’s stock in a transaction dated 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 $15,514,381.08. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In other Veralto news, SVP Surekha Trivedi sold 7,399 shares of the firm’s stock in a transaction dated Wednesday, August 21st. The shares were sold at an average price of $110.00, for a total value of $813,890.00. Following the completion of the sale, the senior vice president now owns 12,671 shares of the company’s stock, valued at $1,393,810. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO Jennifer Honeycutt sold 13,191 shares of the firm’s stock in a transaction dated 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 sale, the chief executive officer now directly owns 138,546 shares of the company’s stock, valued at approximately $15,514,381.08. The disclosure for this sale can be found here. Insiders sold a total of 25,096 shares of company stock worth $2,772,707 over the last 90 days. Corporate insiders own 0.31% of the company’s stock.

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.