Veralto Co. (NYSE:VLTO) Shares Sold by Capital City Trust Co. FL

Capital City Trust Co. FL cut its holdings in shares of Veralto Co. (NYSE:VLTO) by 16.6% during the third quarter, Holdings Channel.com reports. The fund owned 3,531 shares of the company’s stock after selling 701 shares during the period. Capital City Trust Co. FL’s holdings in Veralto were worth $395,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of VLTO. Ashton Thomas Securities LLC purchased a new stake in Veralto in the 3rd quarter worth $25,000. Goodman Advisory Group LLC purchased a new stake in shares of Veralto during the second quarter worth about $26,000. LRI Investments LLC acquired a new position in shares of Veralto during the 1st quarter worth about $30,000. Fairscale Capital LLC acquired a new position in shares of Veralto during the 2nd quarter worth about $30,000. Finally, Hazlett Burt & Watson Inc. lifted its stake in Veralto by 11,100.0% in the 2nd quarter. Hazlett Burt & Watson Inc. now owns 336 shares of the company’s stock valued at $32,000 after buying an additional 333 shares in the last quarter. Hedge funds and other institutional investors own 91.28% of the company’s stock.

Veralto Stock Down 0.4 %

Shares of NYSE VLTO opened at $102.68 on Monday. The company has a market capitalization of $25.39 billion and a P/E ratio of 31.69. The company has a debt-to-equity ratio of 1.35, a current ratio of 2.13 and a quick ratio of 1.87. The company has a 50 day simple moving average of $108.57 and a 200-day simple moving average of $104.20. Veralto Co. has a 1 year low of $70.06 and a 1 year high of $115.00.

Veralto (NYSE:VLTO) last posted its earnings results on Wednesday, October 23rd. The company reported $0.89 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.85 by $0.04. Veralto had a return on equity of 52.85% and a net margin of 15.69%. The company had revenue of $1.31 billion during the quarter, compared to analysts’ expectations of $1.30 billion. During the same quarter last year, the firm earned $0.75 earnings per share. The firm’s quarterly revenue was up 4.7% compared to the same quarter last year. On average, equities research analysts predict that Veralto Co. will post 3.48 earnings per share for the current year.

Veralto Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, October 31st. Shareholders of record on Friday, September 27th were given a $0.09 dividend. The ex-dividend date was Friday, September 27th. This represents a $0.36 dividend on an annualized basis and a yield of 0.35%. Veralto’s payout ratio is currently 11.11%.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the company. The Goldman Sachs Group increased their target price on Veralto from $104.00 to $116.00 and gave the company a “buy” rating in a report on Monday, July 29th. Robert W. Baird increased their price objective on Veralto from $98.00 to $112.00 and gave the company a “neutral” rating in a research note on Monday, July 29th. BMO Capital Markets lifted their target price on shares of Veralto from $117.00 to $119.00 and gave the stock an “outperform” rating in a research note on Monday, September 30th. Deutsche Bank Aktiengesellschaft increased their target price on shares of Veralto from $100.00 to $109.00 and gave the company a “hold” rating in a research report on Monday, July 29th. Finally, Royal Bank of Canada boosted their price target on shares of Veralto from $108.00 to $111.00 and gave the stock a “sector perform” rating in a research report on Friday, October 25th. Seven investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat, Veralto presently has a consensus rating of “Hold” and an average price target of $108.27.

Insiders Place Their Bets

In other Veralto news, CEO Jennifer Honeycutt sold 13,190 shares of Veralto stock in a transaction dated Monday, September 30th. The stock was sold at an average price of $110.15, for a total value of $1,452,878.50. Following the completion of the transaction, the chief executive officer now directly owns 138,546 shares of the company’s stock, valued at $15,260,841.90. The trade was a 8.69 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, SVP Surekha Trivedi sold 752 shares of the stock in a transaction dated Friday, November 1st. The stock was sold at an average price of $102.91, for a total transaction of $77,388.32. Following the sale, the senior vice president now directly owns 10,413 shares in the company, valued at $1,071,601.83. This represents a 6.74 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 36,038 shares of company stock valued at $3,989,693 over the last 90 days. 0.31% of the stock is owned by company insiders.

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.