3,511 Shares in Veralto Co. (NYSE:VLTO) Bought by Coastline Trust Co

Coastline Trust Co acquired a new position in shares of Veralto Co. (NYSE:VLTO) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 3,511 shares of the company’s stock, valued at approximately $335,000.

Other institutional investors also recently bought and sold shares of the company. First Command Advisory Services Inc. bought a new position in Veralto during the fourth quarter valued at about $25,000. Delta Asset Management LLC TN raised its holdings in Veralto by 216.0% during the fourth quarter. Delta Asset Management LLC TN now owns 316 shares of the company’s stock valued at $26,000 after buying an additional 216 shares in the last quarter. Livforsakringsbolaget Skandia Omsesidigt bought a new position in Veralto during the fourth quarter valued at about $27,000. Johnson Financial Group Inc. acquired a new stake in shares of Veralto in the fourth quarter valued at about $27,000. Finally, Hexagon Capital Partners LLC acquired a new stake in shares of Veralto in the fourth quarter valued at about $29,000. 91.28% of the stock is currently owned by institutional investors.

Veralto Price Performance

VLTO traded up $0.33 during midday trading on Monday, reaching $106.43. 267,284 shares of the company’s stock were exchanged, compared to its average volume of 1,573,571. The firm has a market capitalization of $26.30 billion and a price-to-earnings ratio of 32.05. The company has a quick ratio of 1.70, a current ratio of 1.96 and a debt-to-equity ratio of 1.56. Veralto Co. has a one year low of $65.51 and a one year high of $107.86. The business has a 50-day simple moving average of $100.07 and a two-hundred day simple moving average of $93.22.

Veralto (NYSE:VLTO) last posted its earnings results on Thursday, July 25th. The company reported $0.85 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.80 by $0.05. Veralto had a net margin of 15.60% and a return on equity of 58.82%. The company had revenue of $1.29 billion during the quarter, compared to analysts’ expectations of $1.28 billion. During the same quarter in the previous year, the company posted $0.80 earnings per share. Veralto’s quarterly revenue was up 2.8% compared to the same quarter last year. As a group, research analysts predict that Veralto Co. will post 3.45 EPS for the current year.

Veralto Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, July 31st. Stockholders of record on Friday, June 28th were paid a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a dividend yield of 0.34%. The ex-dividend date of this dividend was Friday, June 28th.

Insider Activity

In other news, SVP Surekha Trivedi sold 753 shares of Veralto stock in a transaction that occurred on Thursday, August 1st. The shares were sold at an average price of $106.72, for a total value of $80,360.16. Following the completion of the transaction, the senior vice president now owns 12,671 shares in the company, valued at $1,352,249.12. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, SVP Surekha Trivedi sold 753 shares of the business’s stock in a transaction that occurred on Thursday, August 1st. The shares were sold at an average price of $106.72, for a total value of $80,360.16. Following the completion of the transaction, the senior vice president now owns 12,671 shares in the company, valued at approximately $1,352,249.12. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Mattias Bystrom sold 3,000 shares of the business’s 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 of the company’s stock, valued at approximately $3,287,355.05. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 4,055 shares of company stock worth $428,345. Insiders own 0.31% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on VLTO shares. Royal Bank of Canada raised their price target on Veralto from $101.00 to $108.00 and gave the company a “sector perform” rating in a research report on Monday, July 29th. Deutsche Bank Aktiengesellschaft raised their price target on Veralto from $100.00 to $109.00 and gave the company a “hold” rating in a research report on Monday, July 29th. TD Cowen raised their price target on Veralto from $95.00 to $100.00 and gave the company a “hold” rating in a research report on Tuesday, July 30th. Stifel Nicolaus lifted their target price on Veralto from $110.00 to $117.00 and gave the stock a “buy” rating in a research report on Monday, July 29th. Finally, The Goldman Sachs Group lifted their target price on Veralto from $104.00 to $116.00 and gave the stock a “buy” rating in a research report on Monday, July 29th. Six research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat, Veralto currently has a consensus rating of “Moderate Buy” and a consensus price target of $103.33.

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.