Veralto Co. (NYSE:VLTO) Shares Sold by Boston Financial Mangement LLC

Boston Financial Mangement LLC trimmed its stake in Veralto Co. (NYSE:VLTO) by 6.2% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 13,492 shares of the company’s stock after selling 887 shares during the period. Boston Financial Mangement LLC’s holdings in Veralto were worth $1,288,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. LRI Investments LLC purchased a new position in Veralto during the 1st quarter worth $30,000. Delta Asset Management LLC TN grew its stake in shares of Veralto by 216.0% in the 4th quarter. Delta Asset Management LLC TN now owns 316 shares of the company’s stock valued at $26,000 after purchasing an additional 216 shares during the last quarter. Johnson Financial Group Inc. purchased a new stake in shares of Veralto in the fourth quarter valued at about $27,000. Hexagon Capital Partners LLC purchased a new position in Veralto during the fourth quarter worth about $29,000. Finally, Cassady Schiller Wealth Management LLC acquired a new stake in Veralto in the fourth quarter valued at about $30,000. 91.28% of the stock is currently owned by institutional investors and hedge funds.

Veralto Price Performance

VLTO opened at $112.43 on Friday. The company has a market capitalization of $27.75 billion and a P/E ratio of 33.54. Veralto Co. has a 1-year low of $65.51 and a 1-year high of $112.77. The company has a 50-day moving average of $102.99 and a 200-day moving average of $96.28. The company has a debt-to-equity ratio of 1.56, a quick ratio of 1.70 and a current ratio of 1.96.

Veralto (NYSE:VLTO) last announced its quarterly earnings data on Thursday, July 25th. The company reported $0.85 earnings per share for the quarter, beating analysts’ consensus estimates of $0.80 by $0.05. The business had revenue of $1.29 billion during 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 company’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 firm earned $0.80 EPS. Equities analysts expect that Veralto Co. will post 3.45 EPS for the current fiscal year.

Insider Buying and Selling

In other news, SVP Surekha Trivedi sold 7,399 shares of the firm’s stock in a transaction on Wednesday, August 21st. The stock was sold at an average price of $110.00, for a total transaction of $813,890.00. Following the transaction, the senior vice president now directly owns 12,671 shares of the company’s stock, valued at $1,393,810. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other Veralto news, SVP Surekha Trivedi sold 7,399 shares of the business’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 sale, the senior vice president now directly owns 12,671 shares in the company, valued at $1,393,810. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP Mattias Bystrom sold 3,000 shares of Veralto stock in a transaction that occurred on Monday, July 29th. The stock was sold at an average price of $105.89, for a total transaction of $317,670.00. Following the completion of the transaction, the senior vice president now owns 31,045 shares in the company, valued at approximately $3,287,355.05. The disclosure for this sale can be found here. Insiders have sold a total of 11,152 shares of company stock valued at $1,211,920 in the last quarter. Company insiders own 0.31% of the company’s stock.

Analysts Set New Price Targets

VLTO has been the subject of several recent analyst reports. TD Cowen raised their price objective 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. The Goldman Sachs Group boosted their price objective 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. Deutsche Bank Aktiengesellschaft increased their target price on Veralto from $100.00 to $109.00 and gave the company a “hold” rating in a report on Monday, July 29th. Robert W. Baird lifted their price target on shares of Veralto from $98.00 to $112.00 and gave the stock a “neutral” rating in a report on Monday, July 29th. Finally, UBS Group initiated coverage on Veralto in a research report on Tuesday, August 13th. They set a “neutral” rating and a $118.00 target price on the stock. Seven analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat, the stock 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.