Bradley Foster & Sargent Inc. CT Has $11.61 Million Stock Holdings in Veralto Co. (NYSE:VLTO)

Bradley Foster & Sargent Inc. CT trimmed its position in shares of Veralto Co. (NYSE:VLTO) by 2.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 113,994 shares of the company’s stock after selling 3,309 shares during the quarter. Bradley Foster & Sargent Inc. CT’s holdings in Veralto were worth $11,610,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors also recently made changes to their positions in VLTO. Creative Planning lifted its position in shares of Veralto by 2.9% during the 3rd quarter. Creative Planning now owns 26,186 shares of the company’s stock worth $2,929,000 after buying an additional 726 shares in the last quarter. Blue Trust Inc. raised its holdings in shares of Veralto by 17.4% in the 3rd quarter. Blue Trust Inc. now owns 2,220 shares of the company’s stock worth $248,000 after purchasing an additional 329 shares during the period. Allspring Global Investments Holdings LLC lifted its stake in Veralto by 10.3% in the third quarter. Allspring Global Investments Holdings LLC now owns 11,858 shares of the company’s stock valued at $1,326,000 after purchasing an additional 1,103 shares during the last quarter. Raleigh Capital Management Inc. grew its holdings in Veralto by 692.3% during the third quarter. Raleigh Capital Management Inc. now owns 309 shares of the company’s stock valued at $35,000 after purchasing an additional 270 shares during the period. Finally, Sequoia Financial Advisors LLC increased its position in Veralto by 4.1% in the third quarter. Sequoia Financial Advisors LLC now owns 5,626 shares of the company’s stock worth $629,000 after buying an additional 220 shares during the last quarter. 91.28% of the stock is owned by institutional investors.

Veralto Stock Up 0.0 %

Shares of NYSE:VLTO opened at $97.72 on Friday. The firm has a fifty day moving average of $101.54 and a 200 day moving average of $105.93. Veralto Co. has a 52-week low of $83.34 and a 52-week high of $115.00. The company has a debt-to-equity ratio of 1.27, a quick ratio of 1.69 and a current ratio of 1.92. The firm has a market capitalization of $24.17 billion, a PE ratio of 29.26, a price-to-earnings-growth ratio of 4.24 and a beta of 1.06.

Veralto (NYSE:VLTO) last announced its quarterly earnings data on Tuesday, February 4th. The company reported $0.95 EPS for the quarter, beating the consensus estimate of $0.90 by $0.05. Veralto had a return on equity of 49.29% and a net margin of 16.04%. As a group, research analysts anticipate that Veralto Co. will post 3.66 EPS for the current fiscal year.

Veralto Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 31st. Shareholders of record on Tuesday, December 31st were given a $0.11 dividend. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $0.44 annualized dividend and a yield of 0.45%. This is an increase from Veralto’s previous quarterly dividend of $0.09. Veralto’s payout ratio is presently 13.17%.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the company. Stifel Nicolaus cut their price target on Veralto from $116.00 to $110.00 and set a “buy” rating for the company in a research note on Thursday, February 6th. Citigroup cut their price objective on shares of Veralto from $118.00 to $116.00 and set a “neutral” rating for the company in a report on Monday, January 13th. Royal Bank of Canada reduced their price objective on shares of Veralto from $111.00 to $110.00 and set a “sector perform” rating for the company in a research note on Thursday, February 6th. Finally, Jefferies Financial Group assumed coverage on Veralto in a report on Thursday, December 12th. They issued a “buy” rating and a $125.00 price target for the company. Six investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $112.55.

Insider Transactions at Veralto

In other Veralto news, SVP Melissa Aquino sold 463 shares of the firm’s stock in a transaction on Tuesday, February 11th. The shares were sold at an average price of $99.60, for a total value of $46,114.80. Following the sale, the senior vice president now owns 20,761 shares of the company’s stock, valued at $2,067,795.60. This trade represents a 2.18 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.31% of the company’s stock.

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.