West Oak Capital LLC Has $184,000 Stock Position in Veralto Co. (NYSE:VLTO)

West Oak Capital LLC decreased its stake in shares of Veralto Co. (NYSE:VLTO) by 24.8% during the 1st quarter, Holdings Channel reports. The firm owned 2,074 shares of the company’s stock after selling 683 shares during the period. West Oak Capital LLC’s holdings in Veralto were worth $184,000 as of its most recent SEC filing.

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

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the company. Citigroup upped their price objective on Veralto from $89.00 to $94.00 and gave the company a “neutral” rating in a report on Monday, April 8th. TD Cowen began coverage on Veralto in a research report on Monday, June 17th. They set a “hold” rating and a $95.00 target price for the company. Robert W. Baird upped their target price on Veralto from $90.00 to $98.00 and gave the company a “neutral” rating in a research report on Thursday, April 25th. Stifel Nicolaus upped their target price on Veralto from $92.00 to $97.00 and gave the company a “buy” rating in a research report on Wednesday, April 17th. Finally, The Goldman Sachs Group began coverage on Veralto in a research report on Friday, March 22nd. They set a “buy” rating and a $104.00 target price for the company. Six analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat, Veralto has an average rating of “Moderate Buy” and an average price target of $96.00.

Veralto Stock Performance

Veralto stock traded down $1.10 during trading hours on Tuesday, hitting $94.35. The stock had a trading volume of 1,983,111 shares, compared to its average volume of 1,620,078. The company has a debt-to-equity ratio of 1.76, a current ratio of 1.83 and a quick ratio of 1.56. Veralto Co. has a one year low of $65.51 and a one year high of $102.58. The business’s 50 day simple moving average is $98.18 and its 200-day simple moving average is $88.94.

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

Veralto Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 31st. Investors of record on Friday, June 28th will be paid a dividend of $0.09 per share. The ex-dividend date of this dividend is Friday, June 28th. This represents a $0.36 annualized dividend and a yield of 0.38%.

Insider Buying and Selling

In related news, SVP Mattias Bystrom sold 302 shares of the firm’s stock in a transaction that occurred on 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 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 available at the SEC website. In other Veralto news, SVP Melissa Aquino sold 8,041 shares of the stock in a transaction that occurred on Friday, April 26th. The stock was sold at an average price of $93.56, for a total value of $752,315.96. Following the transaction, the senior vice president now owns 20,761 shares in the company, valued at $1,942,399.16. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, SVP Mattias Bystrom sold 302 shares of the stock in a transaction that occurred on Thursday, May 23rd. The stock was sold at an average price of $100.38, for a total value of $30,314.76. Following the completion of the transaction, the senior vice president now owns 34,045 shares in the company, valued at approximately $3,417,437.10. The disclosure for this sale can be found here. 0.31% of the stock is currently owned by insiders.

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.