Walter Public Investments Inc. Decreases Stock Holdings in Veralto Co. (NYSE:VLTO)

Walter Public Investments Inc. trimmed its position in shares of Veralto Co. (NYSE:VLTO) by 0.1% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 130,571 shares of the company’s stock after selling 185 shares during the period. Veralto comprises 2.3% of Walter Public Investments Inc.’s portfolio, making the stock its 20th largest position. Walter Public Investments Inc. owned 0.05% of Veralto worth $12,466,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of VLTO. Orion Portfolio Solutions LLC purchased a new position in Veralto during the 4th quarter valued at $3,202,000. Daiwa Securities Group Inc. boosted its position in Veralto by 78.3% during 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 in the last quarter. Dimensional Fund Advisors LP purchased a new position in shares of Veralto during the 4th quarter worth approximately $79,075,000. Wells Fargo & Company MN bought a new position in shares of Veralto in the 4th quarter worth approximately $25,633,000. Finally, Nomura Holdings Inc. bought a new position in shares of Veralto in the 4th quarter worth approximately $717,000. 91.28% of the stock is owned by institutional investors.

Insider Buying and Selling

In other news, SVP Mattias Bystrom sold 3,000 shares of the stock in a transaction 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 transaction, the senior vice president now directly owns 31,045 shares of the company’s stock, valued at approximately $3,287,355.05. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other Veralto news, SVP Surekha Trivedi sold 753 shares of the business’s stock in a transaction dated Thursday, August 1st. The stock was sold at an average price of $106.72, for a total transaction of $80,360.16. Following the completion of the sale, the senior vice president now directly owns 12,671 shares in the company, valued at approximately $1,352,249.12. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, 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 transaction of $317,670.00. Following the completion of the transaction, the senior vice president now owns 31,045 shares in the company, valued at approximately $3,287,355.05. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 25,096 shares of company stock worth $2,772,707. 0.31% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on VLTO shares. UBS Group started coverage on Veralto in a research note on Tuesday, August 13th. They issued a “neutral” rating and a $118.00 price target on the stock. Stifel Nicolaus upped their target price on shares of Veralto from $110.00 to $117.00 and gave the stock a “buy” rating in a research report on Monday, July 29th. Deutsche Bank Aktiengesellschaft lifted their price target 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. Royal Bank of Canada upped their price objective on shares of Veralto from $101.00 to $108.00 and gave the stock a “sector perform” rating in a report on Monday, July 29th. Finally, The Goldman Sachs Group lifted their target price on shares of Veralto from $104.00 to $116.00 and gave the company a “buy” rating in a report on Monday, July 29th. Seven equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $104.46.

Veralto Stock Up 0.7 %

VLTO stock opened at $110.02 on Monday. The company has a debt-to-equity ratio of 1.56, a current ratio of 1.96 and a quick ratio of 1.70. Veralto Co. has a 1-year low of $65.51 and a 1-year high of $112.77. The stock has a market capitalization of $27.19 billion and a P/E ratio of 33.02. The business has a fifty day moving average price of $105.66 and a 200-day moving average price of $98.12.

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 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 analysts’ expectations of $1.28 billion. During the same quarter in the prior year, the business earned $0.80 EPS. The business’s revenue for the quarter was up 2.8% compared to the same quarter last year. Equities analysts forecast that Veralto Co. will post 3.45 earnings per share for the current fiscal year.

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.