Whittier Trust Co. of Nevada Inc. Sells 361 Shares of Veralto Co. (NYSE:VLTO)

Whittier Trust Co. of Nevada Inc. trimmed its stake in Veralto Co. (NYSE:VLTO) by 5.3% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 6,499 shares of the company’s stock after selling 361 shares during the period. Whittier Trust Co. of Nevada Inc.’s holdings in Veralto were worth $727,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the stock. Goodman Advisory Group LLC purchased a new position in Veralto in the second quarter valued at about $26,000. LRI Investments LLC bought a new position in shares of Veralto during the 1st quarter worth approximately $30,000. Fairscale Capital LLC purchased a new stake in Veralto during the second quarter valued at approximately $30,000. Hazlett Burt & Watson Inc. boosted its stake in 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 acquiring an additional 333 shares in the last quarter. Finally, Mather Group LLC. purchased a new position in Veralto in the first quarter worth $33,000. 91.28% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages recently weighed in on VLTO. UBS Group began coverage on Veralto in a research note on Tuesday, August 13th. They set a “neutral” rating and a $118.00 target price on the stock. TD Cowen increased their price objective on shares of Veralto from $95.00 to $100.00 and gave the company a “hold” rating in a research report on Tuesday, July 30th. Royal Bank of Canada boosted their target price on shares of Veralto from $101.00 to $108.00 and gave the stock a “sector perform” rating in a research report on Monday, July 29th. BMO Capital Markets raised their price target on shares of Veralto from $117.00 to $119.00 and gave the stock an “outperform” rating in a report on Monday, September 30th. Finally, Stifel Nicolaus boosted their price objective on shares of Veralto from $117.00 to $119.00 and gave the company a “buy” rating in a report on Wednesday, October 16th. Seven analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $108.00.

Veralto Trading Down 1.1 %

NYSE VLTO opened at $111.79 on Wednesday. The company has a fifty day moving average of $110.86 and a 200 day moving average of $102.54. The company has a market capitalization of $27.60 billion and a PE ratio of 35.04. 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 $114.61.

Veralto (NYSE:VLTO) last issued its earnings results on Thursday, July 25th. The company reported $0.85 EPS for the quarter, topping analysts’ consensus estimates of $0.80 by $0.05. The firm had revenue of $1.29 billion for the quarter, compared to the consensus estimate of $1.28 billion. Veralto had a return on equity of 58.82% and a net margin of 15.60%. The company’s revenue was up 2.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.80 earnings per share. Research analysts forecast that Veralto Co. will post 3.46 earnings per share for the current year.

Veralto Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 31st. Stockholders of record on Friday, September 27th will be issued a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a dividend yield of 0.32%. The ex-dividend date is Friday, September 27th. Veralto’s dividend payout ratio (DPR) is 11.29%.

Insider Activity at Veralto

In other Veralto news, SVP Surekha Trivedi sold 753 shares of Veralto stock in a transaction on Tuesday, October 1st. The shares were sold at an average price of $112.55, for a total value of $84,750.15. Following the completion of the transaction, the senior vice president now owns 11,165 shares of the company’s stock, valued at approximately $1,256,620.75. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other Veralto news, SVP Surekha Trivedi sold 753 shares of the firm’s stock in a transaction that occurred on Tuesday, October 1st. The stock was sold at an average price of $112.55, for a total value of $84,750.15. Following the sale, the senior vice president now directly owns 11,165 shares of the company’s stock, valued at approximately $1,256,620.75. 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 is accessible through this hyperlink. Also, CEO Jennifer Honeycutt sold 13,191 shares of the company’s stock in a transaction that occurred on Friday, August 30th. The stock was sold at an average price of $111.98, for a total value of $1,477,128.18. Following the transaction, the chief executive officer now directly owns 138,546 shares of the company’s stock, valued at approximately $15,514,381.08. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 39,039 shares of company stock worth $4,310,335 in the last three months. Company insiders own 0.31% of the company’s stock.

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.