Veralto Co. (NYSE:VLTO) Shares Purchased by Janney Montgomery Scott LLC

Janney Montgomery Scott LLC lifted its stake in Veralto Co. (NYSE:VLTO - Free Report) by 66.9% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 51,475 shares of the company's stock after buying an additional 20,639 shares during the quarter. Janney Montgomery Scott LLC's holdings in Veralto were worth $5,758,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Goodman Advisory Group LLC purchased a new position in Veralto during the 2nd quarter valued at approximately $26,000. LRI Investments LLC purchased a new position in shares of Veralto in the first quarter valued at $30,000. Fairscale Capital LLC bought a new stake in Veralto in the second quarter worth $30,000. Hazlett Burt & Watson Inc. raised its stake in Veralto by 11,100.0% during the second quarter. Hazlett Burt & Watson Inc. now owns 336 shares of the company's stock valued at $32,000 after purchasing an additional 333 shares in the last quarter. Finally, Raleigh Capital Management Inc. lifted its position in Veralto by 692.3% during the third quarter. Raleigh Capital Management Inc. now owns 309 shares of the company's stock valued at $35,000 after purchasing an additional 270 shares during the last quarter. Institutional investors own 91.28% of the company's stock.

Veralto Stock Up 1.2 %

NYSE VLTO traded up $1.25 during midday trading on Friday, hitting $105.55. 1,208,426 shares of the company traded hands, compared to its average volume of 1,543,556. Veralto Co. has a 52 week low of $69.09 and a 52 week high of $115.00. The company's 50-day simple moving average is $109.24 and its 200-day simple moving average is $103.71. The company has a market cap of $26.10 billion and a PE ratio of 32.58. The company has a debt-to-equity ratio of 1.35, a current ratio of 2.13 and a quick ratio of 1.87.

Veralto (NYSE:VLTO - Get Free Report) last released its quarterly earnings results on Wednesday, October 23rd. The company reported $0.89 EPS for the quarter, beating the consensus estimate of $0.85 by $0.04. Veralto had a net margin of 15.69% and a return on equity of 52.85%. The business had revenue of $1.31 billion during the quarter, compared to analyst estimates of $1.30 billion. During the same period in the prior year, the firm posted $0.75 earnings per share. The company's quarterly revenue was up 4.7% on a year-over-year basis. As a group, equities research analysts forecast that Veralto Co. will post 3.48 earnings per share for the current year.

Veralto Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 31st. Shareholders of record on Friday, September 27th were issued a $0.09 dividend. This represents a $0.36 annualized dividend and a yield of 0.34%. The ex-dividend date was Friday, September 27th. Veralto's dividend payout ratio is presently 11.11%.

Insider Transactions at Veralto

In other Veralto news, CEO Jennifer Honeycutt sold 13,191 shares of the business'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 transaction of $1,477,128.18. Following the sale, the chief executive officer now 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other Veralto news, CEO Jennifer Honeycutt sold 13,191 shares of the business's stock in a transaction dated Friday, August 30th. The stock was sold at an average price of $111.98, for a total transaction 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. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Surekha Trivedi sold 7,399 shares of the firm's stock in a transaction dated Wednesday, August 21st. The stock was sold at an average price of $110.00, for a total value of $813,890.00. Following the completion of the transaction, the senior vice president now owns 12,671 shares of the company's stock, valued at approximately $1,393,810. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 36,038 shares of company stock worth $3,989,693. Insiders own 0.31% of the company's stock.

Analyst Upgrades and Downgrades

VLTO has been the subject of several analyst reports. UBS Group began coverage on Veralto in a research note on Tuesday, August 13th. They issued a "neutral" rating and a $118.00 price objective for the company. TD Cowen lifted their price objective on shares of Veralto from $95.00 to $100.00 and gave the stock a "hold" rating in a research note on Tuesday, July 30th. Robert W. Baird increased their target price on shares of Veralto from $98.00 to $112.00 and gave the company a "neutral" rating in a research note on Monday, July 29th. Stifel Nicolaus lifted their price target on shares of Veralto from $117.00 to $119.00 and gave the stock a "buy" rating in a research note on Wednesday, October 16th. Finally, BMO Capital Markets increased their price objective on shares of Veralto from $117.00 to $119.00 and gave the stock an "outperform" rating in a research report on Monday, September 30th. Seven analysts have rated the stock with a hold rating and five have issued a buy rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $108.27.

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.