Veralto Co. (NYSE:VLTO) Stock Position Trimmed by Chesley Taft & Associates LLC

Chesley Taft & Associates LLC decreased its position in Veralto Co. (NYSE:VLTO) by 42.7% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 5,154 shares of the company’s stock after selling 3,838 shares during the period. Chesley Taft & Associates LLC’s holdings in Veralto were worth $457,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the company. Sugarloaf Wealth Management LLC acquired a new stake in shares of Veralto in the 4th quarter worth approximately $25,000. First Command Advisory Services Inc. bought a new position in Veralto during the 4th quarter valued at $25,000. Blue Trust Inc. acquired a new position in shares of Veralto during the 4th quarter valued at $26,000. Delta Asset Management LLC TN raised its stake in shares of Veralto by 216.0% in the 4th quarter. Delta Asset Management LLC TN now owns 316 shares of the company’s stock worth $26,000 after buying an additional 216 shares in the last quarter. Finally, Dougherty Wealth Advisers LLC acquired a new stake in shares of Veralto in the fourth quarter valued at $27,000. Institutional investors and hedge funds own 91.28% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have weighed in on VLTO shares. BNP Paribas assumed coverage on shares of Veralto in a report on Tuesday, March 12th. They issued an “outperform” rating and a $103.00 price target for the company. BMO Capital Markets lifted their price target 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. The Goldman Sachs Group assumed coverage on Veralto in a research report on Friday, March 22nd. They set a “buy” rating and a $104.00 price objective for the company. Robert W. Baird lifted their target price on Veralto from $90.00 to $98.00 and gave the stock a “neutral” rating in a report on Thursday, April 25th. Finally, Stifel Nicolaus upped their target price on Veralto from $92.00 to $97.00 and gave the company a “buy” rating in a report on Wednesday, April 17th. Six investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat, Veralto currently has a consensus rating of “Moderate Buy” and a consensus price target of $96.00.

Insider Transactions at Veralto

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

Veralto Price Performance

NYSE:VLTO traded down $0.77 during trading hours on Thursday, hitting $97.61. 1,297,232 shares of the company’s stock traded hands, compared to its average volume of 1,554,974. Veralto Co. has a twelve month low of $65.51 and a twelve month high of $102.58. The company has a quick ratio of 1.56, a current ratio of 1.83 and a debt-to-equity ratio of 1.76. The stock’s fifty day moving average price is $97.95 and its two-hundred day moving average price is $88.43.

Veralto (NYSE:VLTO) last posted its quarterly earnings results on Tuesday, April 23rd. The company reported $0.84 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.76 by $0.08. The company had revenue of $1.25 billion during the quarter, compared to analysts’ expectations of $1.23 billion. Veralto’s revenue for the quarter was up 1.7% compared to the same quarter last year. On average, sell-side analysts forecast that Veralto Co. will post 3.37 EPS for the current fiscal year.

Veralto Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 31st. Stockholders of record on Friday, June 28th will be issued a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a dividend yield of 0.37%. The ex-dividend date of this dividend is Friday, June 28th.

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.