Veralto Co. (NYSE:VLTO) Shares Acquired by Vanguard Personalized Indexing Management LLC

Vanguard Personalized Indexing Management LLC lifted its position in shares of Veralto Co. (NYSE:VLTO) by 4.7% during the second quarter, Holdings Channel.com reports. The firm owned 17,888 shares of the company’s stock after acquiring an additional 803 shares during the period. Vanguard Personalized Indexing Management LLC’s holdings in Veralto were worth $1,708,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Amalgamated Bank grew its stake in shares of Veralto by 4.7% during the 2nd quarter. Amalgamated Bank now owns 47,528 shares of the company’s stock worth $4,537,000 after purchasing an additional 2,151 shares during the period. Tredje AP fonden grew its stake in shares of Veralto by 5.8% during the 2nd quarter. Tredje AP fonden now owns 62,947 shares of the company’s stock worth $6,010,000 after purchasing an additional 3,425 shares during the period. Meiji Yasuda Asset Management Co Ltd. grew its stake in shares of Veralto by 15.0% during the 2nd quarter. Meiji Yasuda Asset Management Co Ltd. now owns 3,802 shares of the company’s stock worth $363,000 after purchasing an additional 496 shares during the period. Mercer Global Advisors Inc. ADV grew its stake in shares of Veralto by 4.5% during the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 9,014 shares of the company’s stock worth $893,000 after purchasing an additional 387 shares during the period. Finally, Citizens Financial Group Inc. RI acquired a new stake in shares of Veralto during the 2nd quarter worth approximately $237,000. Institutional investors and hedge funds own 91.28% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently commented on VLTO. Robert W. Baird raised their price objective on shares of Veralto from $98.00 to $112.00 and gave the stock a “neutral” rating in a research note on Monday, July 29th. The Goldman Sachs Group lifted their price target on shares of Veralto from $104.00 to $116.00 and gave the company a “buy” rating in a research note 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 note on Monday, July 29th. TD Cowen lifted their price target on shares of Veralto from $95.00 to $100.00 and gave the company a “hold” rating in a research note on Tuesday, July 30th. Finally, Royal Bank of Canada lifted their price target on shares of Veralto from $101.00 to $108.00 and gave the company a “sector perform” rating in a research note on Monday, July 29th. Seven equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $104.46.

Insider Transactions at Veralto

In other news, SVP Surekha Trivedi sold 753 shares of Veralto stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $111.10, for a total transaction of $83,658.30. Following the transaction, the senior vice president now owns 11,918 shares in the company, valued at approximately $1,324,089.80. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other news, SVP Surekha Trivedi sold 753 shares of Veralto stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $111.10, for a total transaction of $83,658.30. Following the transaction, the senior vice president now owns 11,918 shares in the company, valued at approximately $1,324,089.80. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, SVP Mattias Bystrom sold 3,000 shares of the business’s stock in a transaction dated 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 sale, the senior vice president now owns 31,045 shares in the company, valued at $3,287,355.05. The disclosure for this sale can be found here. Insiders have sold a total of 25,096 shares of company stock worth $2,772,707 in the last quarter. Company insiders own 0.31% of the company’s stock.

Veralto Stock Performance

Shares of VLTO stock opened at $109.47 on Friday. The stock’s fifty day moving average is $106.91 and its two-hundred day moving average is $98.81. The company has a debt-to-equity ratio of 1.56, a quick ratio of 1.70 and a current ratio of 1.96. The firm has a market capitalization of $27.05 billion and a P/E ratio of 33.22. Veralto Co. has a fifty-two week low of $65.51 and a fifty-two week high of $112.77.

Veralto (NYSE:VLTO) last posted its quarterly earnings results on Thursday, July 25th. The company reported $0.85 EPS for the quarter, topping the consensus estimate of $0.80 by $0.05. Veralto had a return on equity of 58.82% and a net margin of 15.60%. The business had revenue of $1.29 billion for the quarter, compared to analyst estimates of $1.28 billion. During the same quarter in the previous year, the firm earned $0.80 EPS. The company’s quarterly revenue was up 2.8% compared to the same quarter last year. Research analysts expect that Veralto Co. will post 3.45 earnings per share for the current fiscal year.

About Veralto

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.