Capital Advisors Inc. OK Increases Position in Veralto Co. (NYSE:VLTO)

Capital Advisors Inc. OK boosted its position in Veralto Co. (NYSE:VLTO - Free Report) by 33.9% during the third quarter, according to its most recent 13F filing with the SEC. The firm owned 321,679 shares of the company's stock after acquiring an additional 81,363 shares during the period. Capital Advisors Inc. OK owned 0.13% of Veralto worth $35,983,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in VLTO. Goodman Advisory Group LLC purchased a new stake in shares of Veralto in the second quarter worth about $26,000. LRI Investments LLC bought a new stake in Veralto during the 1st quarter worth approximately $30,000. Fairscale Capital LLC bought a new position in Veralto in the 2nd quarter valued at $30,000. Hazlett Burt & Watson Inc. grew its position in shares of Veralto by 11,100.0% during the 2nd 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. grew its position in shares of Veralto by 692.3% during the 3rd quarter. Raleigh Capital Management Inc. now owns 309 shares of the company's stock valued at $35,000 after purchasing an additional 270 shares in the last quarter. 91.28% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Veralto

In other Veralto news, CEO Jennifer Honeycutt sold 13,191 shares of the business's stock in a transaction dated 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 transaction, 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 ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Veralto news, CEO Jennifer Honeycutt sold 13,191 shares of the 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 completion of 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 position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, SVP Surekha Trivedi sold 753 shares of the business's stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $111.10, for a total value of $83,658.30. Following the transaction, the senior vice president now directly owns 11,918 shares in the company, valued at $1,324,089.80. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 35,286 shares of company stock valued at $3,912,305 in the last quarter. Company insiders own 0.31% of the company's stock.

Veralto Trading Down 0.6 %

Shares of NYSE:VLTO traded down $0.60 on Friday, reaching $101.59. 1,117,923 shares of the company traded hands, compared to its average volume of 1,391,884. The stock has a market capitalization of $25.12 billion and a P/E ratio of 31.35. The business's 50-day simple moving average is $110.01 and its 200 day simple moving average is $103.32. The company has a current ratio of 2.13, a quick ratio of 1.87 and a debt-to-equity ratio of 1.35. Veralto Co. has a 52 week low of $66.69 and a 52 week high of $115.00.

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

Veralto Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, October 31st. Investors of record on Friday, September 27th were issued a dividend of $0.09 per share. The ex-dividend date was Friday, September 27th. This represents a $0.36 dividend on an annualized basis and a yield of 0.35%. Veralto's dividend payout ratio is currently 11.11%.

Analysts Set New Price Targets

A number of equities analysts have weighed in on VLTO shares. TD Cowen upped their target price on Veralto from $95.00 to $100.00 and gave the stock a "hold" rating in a research note on Tuesday, July 30th. The Goldman Sachs Group lifted their target price on shares of Veralto from $104.00 to $116.00 and gave the company a "buy" rating in a research report on Monday, July 29th. Robert W. Baird increased their price target on shares of Veralto from $98.00 to $112.00 and gave the stock a "neutral" rating in a report on Monday, July 29th. Deutsche Bank Aktiengesellschaft raised 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. Finally, UBS Group assumed coverage on shares of Veralto in a research report on Tuesday, August 13th. They issued a "neutral" rating and a $118.00 target price for the company. Seven equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $108.27.

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.