Veralto Co. (NYSE:VLTO) Shares Sold by Bradley Foster & Sargent Inc. CT

Bradley Foster & Sargent Inc. CT cut its stake in Veralto Co. (NYSE:VLTO) by 3.8% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 119,390 shares of the company’s stock after selling 4,749 shares during the quarter. Bradley Foster & Sargent Inc. CT’s holdings in Veralto were worth $11,398,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Orion Portfolio Solutions LLC acquired a new position in shares of Veralto in the 4th quarter valued at $3,202,000. Daiwa Securities Group Inc. grew its stake in Veralto by 78.3% in the 1st quarter. Daiwa Securities Group Inc. now owns 80,657 shares of the company’s stock valued at $7,151,000 after acquiring an additional 35,433 shares during the last quarter. Dimensional Fund Advisors LP acquired a new stake in shares of Veralto during the 4th quarter worth about $79,075,000. Wells Fargo & Company MN acquired a new stake in shares of Veralto during the 4th quarter worth about $25,633,000. Finally, Nomura Holdings Inc. acquired a new stake in shares of Veralto during the 4th quarter worth about $717,000. 91.28% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on VLTO shares. Deutsche Bank Aktiengesellschaft raised their target price on shares of Veralto from $100.00 to $109.00 and gave the stock a “hold” rating in a research report on Monday, July 29th. Stifel Nicolaus lifted their price objective on shares of Veralto from $110.00 to $117.00 and gave the stock a “buy” rating in a report on Monday, July 29th. UBS Group assumed coverage on shares of Veralto in a report on Tuesday, August 13th. They issued a “neutral” rating and a $118.00 price objective for the company. TD Cowen boosted their price target on shares of Veralto from $95.00 to $100.00 and gave the company a “hold” rating in a report on Tuesday, July 30th. Finally, Robert W. Baird lifted their price objective on shares of Veralto from $98.00 to $112.00 and gave the company a “neutral” rating in a research note on Monday, July 29th. Seven equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $104.46.

Insider Buying and Selling

In other Veralto news, SVP Surekha Trivedi sold 753 shares of the stock in a transaction dated Thursday, August 1st. The stock was 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 directly 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 available through the SEC website. In other Veralto news, SVP Mattias Bystrom sold 3,000 shares of the stock in a transaction that occurred on Monday, July 29th. The stock was sold at an average price of $105.89, for a total value of $317,670.00. Following the transaction, the senior vice president now owns 31,045 shares in the company, valued at $3,287,355.05. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, SVP Surekha Trivedi sold 753 shares of the stock in a transaction that occurred on Thursday, August 1st. The stock was 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 disclosure for this sale can be found here. Insiders sold a total of 25,096 shares of company stock worth $2,772,707 in the last ninety days. 0.31% of the stock is owned by insiders.

Veralto Price Performance

Veralto stock opened at $108.94 on Wednesday. The firm has a market capitalization of $26.89 billion and a P/E ratio of 29.28. Veralto Co. has a 1 year low of $65.51 and a 1 year high of $112.77. The business has a 50-day moving average of $106.21 and a 200-day moving average of $98.44. The company has a current ratio of 1.96, a quick ratio of 1.70 and a debt-to-equity ratio of 1.56.

Veralto (NYSE:VLTO) last posted its quarterly earnings results on Thursday, July 25th. The company reported $0.85 earnings per share for the quarter, topping the consensus estimate of $0.80 by $0.05. The firm had revenue of $1.29 billion for 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%. The business’s quarterly revenue was up 2.8% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.80 EPS. On average, equities analysts anticipate that Veralto Co. will post 3.45 EPS for the current year.

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.