Schubert & Co Invests $1.22 Million in Veralto Co. (NYSE:VLTO)

Schubert & Co acquired a new stake in Veralto Co. (NYSE:VLTO) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 10,941 shares of the company’s stock, valued at approximately $1,224,000. Veralto makes up approximately 0.9% of Schubert & Co’s investment portfolio, making the stock its 14th largest holding.

Other institutional investors have also modified their holdings of the company. Goodman Advisory Group LLC purchased a new stake in shares of Veralto in the second quarter worth about $26,000. LRI Investments LLC acquired a new stake in Veralto in the first quarter valued at approximately $30,000. Fairscale Capital LLC acquired a new position in shares of Veralto during the second quarter worth $30,000. Hazlett Burt & Watson Inc. lifted its position in shares of Veralto by 11,100.0% during the second quarter. Hazlett Burt & Watson Inc. now owns 336 shares of the company’s stock worth $32,000 after purchasing an additional 333 shares in the last quarter. Finally, Mather Group LLC. acquired a new stake in Veralto during the 1st quarter valued at $33,000. Hedge funds and other institutional investors own 91.28% of the company’s stock.

Insiders Place Their Bets

In other 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 owns 31,045 shares of the company’s stock, valued at approximately $3,287,355.05. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other Veralto news, CEO Jennifer Honeycutt sold 13,191 shares of the firm’s stock in a transaction that occurred on Friday, August 30th. The shares were sold at an average price of $111.98, for a total value of $1,477,128.18. Following the sale, the chief executive officer now owns 138,546 shares in the company, valued at approximately $15,514,381.08. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Mattias Bystrom sold 3,000 shares of Veralto stock in a transaction that occurred on Monday, July 29th. The shares were sold at an average price of $105.89, for a total value of $317,670.00. Following the sale, the senior vice president now directly owns 31,045 shares in the company, valued at approximately $3,287,355.05. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 39,039 shares of company stock valued at $4,310,335 over the last three months. Company insiders own 0.31% of the company’s stock.

Veralto Stock Performance

Shares of NYSE:VLTO traded up $0.57 on Friday, reaching $113.60. 3,872,187 shares of the company’s stock were exchanged, compared to its average volume of 1,556,599. The business’s 50-day moving average is $110.66 and its two-hundred day moving average is $101.97. 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 fifty-two week low of $65.51 and a fifty-two week high of $114.61. The firm has a market capitalization of $28.04 billion and a price-to-earnings ratio of 35.61.

Veralto (NYSE:VLTO) last issued its earnings results on Thursday, July 25th. The company reported $0.85 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $1.29 billion for the quarter, compared to analysts’ expectations of $1.28 billion. During the same quarter last year, the company posted $0.80 earnings per share. Veralto’s revenue was up 2.8% on a year-over-year basis. As a group, equities research analysts forecast that Veralto Co. will post 3.45 EPS for the current year.

Veralto Announces Dividend

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

Wall Street Analyst Weigh In

VLTO has been the subject of a number of analyst reports. Deutsche Bank Aktiengesellschaft upped their price objective 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. TD Cowen lifted their price objective on Veralto from $95.00 to $100.00 and gave the stock a “hold” rating in a report on Tuesday, July 30th. The Goldman Sachs Group increased their target price on Veralto from $104.00 to $116.00 and gave the company a “buy” rating in a research note on Monday, July 29th. UBS Group assumed coverage on shares of Veralto in a research note on Tuesday, August 13th. They issued a “neutral” rating and a $118.00 price target for the company. Finally, Robert W. Baird upped their price target on shares of Veralto from $98.00 to $112.00 and gave the company a “neutral” rating in a report on Monday, July 29th. Seven analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $108.00.

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.