Defender Capital LLC. Has $12.96 Million Holdings in Veralto Co. (NYSE:VLTO)

Defender Capital LLC. lowered its position in Veralto Co. (NYSE:VLTO) by 5.9% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 115,875 shares of the company’s stock after selling 7,250 shares during the period. Veralto makes up approximately 4.3% of Defender Capital LLC.’s investment portfolio, making the stock its 10th biggest holding. Defender Capital LLC.’s holdings in Veralto were worth $12,962,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in VLTO. Mather Group LLC. bought a new stake in Veralto in the first quarter worth about $33,000. Park Avenue Securities LLC lifted its stake in Veralto by 11.7% in the first quarter. Park Avenue Securities LLC now owns 16,496 shares of the company’s stock worth $1,463,000 after purchasing an additional 1,725 shares during the last quarter. RFG Advisory LLC increased its position in shares of Veralto by 36.5% during the first quarter. RFG Advisory LLC now owns 4,342 shares of the company’s stock worth $385,000 after acquiring an additional 1,161 shares during the period. Global Assets Advisory LLC purchased a new position in shares of Veralto during the first quarter worth approximately $1,071,000. Finally, Brookstone Capital Management increased its position in shares of Veralto by 36.4% during the first quarter. Brookstone Capital Management now owns 3,559 shares of the company’s stock worth $316,000 after acquiring an additional 949 shares during the period. Institutional investors own 91.28% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on VLTO. TD Cowen raised their target price on shares of Veralto from $95.00 to $100.00 and gave the stock a “hold” rating in a research report on Tuesday, July 30th. BMO Capital Markets raised their target price on shares of Veralto from $117.00 to $119.00 and gave the stock an “outperform” rating in a research report on Monday, September 30th. The Goldman Sachs Group raised their target price 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. Royal Bank of Canada raised their target price on shares of Veralto from $101.00 to $108.00 and gave the stock a “sector perform” rating in a research report on Monday, July 29th. Finally, Stifel Nicolaus raised their target price on shares of Veralto from $117.00 to $119.00 and gave the stock a “buy” rating in a research report on Wednesday, October 16th. Seven investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $108.00.

Insider Transactions at Veralto

In other news, CEO Jennifer Honeycutt sold 13,191 shares of Veralto stock in a transaction on Friday, August 30th. The shares were sold at an average price of $111.98, for a total transaction of $1,477,128.18. Following the completion of the sale, the chief executive officer now directly owns 138,546 shares in the company, valued at approximately $15,514,381.08. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In related news, SVP Mattias Bystrom sold 3,000 shares of the business’s stock in a transaction on Monday, July 29th. The shares were 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 directly owns 31,045 shares in the company, valued at $3,287,355.05. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Jennifer Honeycutt sold 13,191 shares of the business’s stock in a transaction on Friday, August 30th. The shares were sold at an average price of $111.98, for a total transaction of $1,477,128.18. Following the transaction, the chief executive officer now owns 138,546 shares of the company’s stock, valued at $15,514,381.08. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 39,039 shares of company stock worth $4,310,335. Company insiders own 0.31% of the company’s stock.

Veralto Price Performance

NYSE VLTO opened at $113.07 on Tuesday. The firm’s fifty day simple moving average is $110.79 and its two-hundred day simple moving average is $102.36. 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 Co. has a 12-month low of $65.51 and a 12-month high of $114.61. The firm has a market capitalization of $27.91 billion and a P/E ratio of 35.45.

Veralto (NYSE:VLTO) last released its quarterly earnings results on Thursday, July 25th. The company reported $0.85 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.80 by $0.05. Veralto had a net margin of 15.60% and a return on equity of 58.82%. The business had revenue of $1.29 billion for the quarter, compared to analyst estimates of $1.28 billion. During the same period in the previous year, the company earned $0.80 earnings per share. The business’s revenue for the quarter was up 2.8% on a year-over-year basis. Analysts forecast that Veralto Co. will post 3.46 EPS for the current fiscal year.

Veralto Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 31st. Stockholders of record on Friday, September 27th will be paid a dividend of $0.09 per share. The ex-dividend date is Friday, September 27th. This represents a $0.36 annualized dividend and a dividend yield of 0.32%. Veralto’s payout ratio is currently 11.29%.

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.