Hennion & Walsh Asset Management Inc. Has $217,000 Stock Holdings in Veralto Co. (NYSE:VLTO)

Hennion & Walsh Asset Management Inc. lowered its position in Veralto Co. (NYSE:VLTO) by 44.9% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,442 shares of the company’s stock after selling 1,986 shares during the period. Hennion & Walsh Asset Management Inc.’s holdings in Veralto were worth $217,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in VLTO. Sugarloaf Wealth Management LLC purchased a new stake in shares of Veralto in the fourth quarter valued at about $25,000. First Command Advisory Services Inc. purchased a new stake in Veralto during the fourth quarter worth about $25,000. Blue Trust Inc. purchased a new stake in Veralto during the fourth quarter worth about $26,000. Delta Asset Management LLC TN increased its holdings in Veralto by 216.0% during the fourth quarter. Delta Asset Management LLC TN now owns 316 shares of the company’s stock worth $26,000 after buying an additional 216 shares during the last quarter. Finally, Dougherty Wealth Advisers LLC purchased a new stake in Veralto during the fourth quarter worth about $27,000. Hedge funds and other institutional investors own 91.28% of the company’s stock.

Wall Street Analysts Forecast Growth

VLTO has been the subject of a number of research analyst reports. Stifel Nicolaus raised their price objective on shares of Veralto from $92.00 to $97.00 and gave the stock a “buy” rating in a report on Wednesday, April 17th. The Goldman Sachs Group assumed coverage on shares of Veralto in a report on Friday, March 22nd. They set a “buy” rating and a $104.00 price objective for the company. TD Cowen assumed coverage on shares of Veralto in a research report on Monday, June 17th. They set a “hold” rating and a $95.00 target price for the company. BNP Paribas assumed coverage on shares of Veralto in a research report on Tuesday, March 12th. They set an “outperform” rating and a $103.00 target price for the company. Finally, BMO Capital Markets increased their target price on shares of Veralto from $97.00 to $101.00 and gave the stock an “outperform” rating in a research report on Thursday, April 25th. Six equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, Veralto has a consensus rating of “Moderate Buy” and an average price target of $96.00.

Insider Activity at Veralto

In related news, SVP Melissa Aquino sold 8,041 shares of the firm’s stock in a transaction that occurred on Friday, April 26th. The shares were sold at an average price of $93.56, for a total value of $752,315.96. Following the sale, the senior vice president now directly owns 20,761 shares of the company’s stock, valued at $1,942,399.16. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other Veralto news, SVP Mattias Bystrom sold 302 shares of Veralto stock in a transaction that occurred on Thursday, May 23rd. The shares were sold at an average price of $100.38, for a total transaction of $30,314.76. Following the transaction, the senior vice president now directly owns 34,045 shares of the company’s stock, valued at $3,417,437.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Melissa Aquino sold 8,041 shares of Veralto stock in a transaction that occurred on Friday, April 26th. The stock was sold at an average price of $93.56, for a total transaction of $752,315.96. Following the transaction, the senior vice president now directly owns 20,761 shares in the company, valued at $1,942,399.16. The disclosure for this sale can be found here. 0.31% of the stock is currently owned by insiders.

Veralto Stock Up 1.0 %

VLTO stock opened at $95.33 on Friday. The firm has a 50 day moving average of $98.24 and a 200-day moving average of $88.98. The company has a debt-to-equity ratio of 1.76, a quick ratio of 1.56 and a current ratio of 1.83. Veralto Co. has a 12 month low of $65.51 and a 12 month high of $102.58.

Veralto (NYSE:VLTO) last released its quarterly earnings data on Tuesday, April 23rd. The company reported $0.84 EPS for the quarter, beating analysts’ consensus estimates of $0.76 by $0.08. The firm had revenue of $1.25 billion during the quarter, compared to the consensus estimate of $1.23 billion. The business’s quarterly revenue was up 1.7% compared to the same quarter last year. Equities analysts expect that Veralto Co. will post 3.37 EPS for the current fiscal year.

Veralto Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 31st. Investors of record on Friday, June 28th will be paid a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a yield of 0.38%. The ex-dividend date of this dividend is Friday, June 28th.

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.