Synovus Financial Corp Has $1.11 Million Stock Holdings in Veralto Co. (NYSE:VLTO)

Synovus Financial Corp reduced its position in Veralto Co. (NYSE:VLTO) by 5.2% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 9,876 shares of the company’s stock after selling 538 shares during the period. Synovus Financial Corp’s holdings in Veralto were worth $1,105,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Ashton Thomas Securities LLC bought a new position in shares of Veralto during the 3rd quarter worth approximately $25,000. Goodman Advisory Group LLC acquired a new stake in Veralto during the 2nd quarter valued at $26,000. Fairscale Capital LLC bought a new position in Veralto during the second quarter worth $30,000. Hazlett Burt & Watson Inc. increased its holdings in shares of Veralto by 11,100.0% in the second quarter. Hazlett Burt & Watson Inc. now owns 336 shares of the company’s stock valued at $32,000 after purchasing an additional 333 shares during the last quarter. Finally, Raleigh Capital Management Inc. raised its position in shares of Veralto by 692.3% in the third quarter. Raleigh Capital Management Inc. now owns 309 shares of the company’s stock valued at $35,000 after purchasing an additional 270 shares during the period. Institutional investors own 91.28% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on VLTO. Stifel Nicolaus decreased their price target on shares of Veralto from $119.00 to $117.00 and set a “buy” rating on the stock in a research note on Wednesday, December 11th. BMO Capital Markets boosted their price objective on Veralto from $117.00 to $119.00 and gave the stock an “outperform” rating in a report on Monday, September 30th. Jefferies Financial Group started coverage on Veralto in a research note on Thursday, December 12th. They set a “buy” rating and a $125.00 target price on the stock. Finally, Royal Bank of Canada boosted their price target on Veralto from $108.00 to $111.00 and gave the company a “sector perform” rating in a research note on Friday, October 25th. Six research analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $109.50.

Insider Activity at Veralto

In other news, SVP Surekha Trivedi sold 752 shares of the business’s 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 approximately $1,071,601.83. The trade was a 6.74 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Jennifer Honeycutt sold 13,190 shares of the firm’s stock in a transaction that occurred on Monday, September 30th. The shares were sold at an average price of $110.15, for a total transaction of $1,452,878.50. Following the completion of the transaction, the chief executive officer now owns 138,546 shares of the company’s stock, valued at approximately $15,260,841.90. This trade represents a 8.69 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 14,695 shares of company stock valued at $1,615,017 in the last quarter. Insiders own 0.31% of the company’s stock.

Veralto Trading Up 0.0 %

Shares of VLTO stock opened at $104.23 on Tuesday. Veralto Co. has a fifty-two week low of $73.91 and a fifty-two week high of $115.00. The stock’s fifty day moving average price is $106.89 and its two-hundred day moving average price is $105.38. The company has a debt-to-equity ratio of 1.35, a quick ratio of 1.87 and a current ratio of 2.13. The company has a market cap of $25.78 billion, a PE ratio of 32.17, a P/E/G ratio of 4.30 and a beta of 0.91.

Veralto (NYSE:VLTO) last released its quarterly earnings data on Wednesday, October 23rd. The company reported $0.89 earnings per share for the quarter, beating the consensus estimate of $0.85 by $0.04. The business had revenue of $1.31 billion for the quarter, compared to analyst estimates of $1.30 billion. Veralto had a return on equity of 52.85% and a net margin of 15.69%. Veralto’s revenue was up 4.7% compared to the same quarter last year. During the same period last year, the firm posted $0.75 earnings per share. Equities analysts predict that Veralto Co. will post 3.48 EPS for the current fiscal year.

Veralto Announces Dividend

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

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.