Nvwm LLC Has $159,000 Stock Position in Veralto Co. (NYSE:VLTO)

Nvwm LLC trimmed its holdings in shares of Veralto Co. (NYSE:VLTO) by 17.6% during the 1st quarter, Holdings Channel reports. The institutional investor owned 1,794 shares of the company’s stock after selling 382 shares during the period. Nvwm LLC’s holdings in Veralto were worth $159,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of VLTO. Sugarloaf Wealth Management LLC acquired a new position in Veralto during the fourth quarter valued at $25,000. First Command Advisory Services Inc. acquired a new position in Veralto during the fourth quarter valued at $25,000. Blue Trust Inc. acquired a new position in Veralto during the fourth quarter valued at $26,000. Delta Asset Management LLC TN raised its position in Veralto by 216.0% during the fourth 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 during the period. Finally, Dougherty Wealth Advisers LLC acquired a new position in Veralto during the fourth quarter valued at $27,000. 91.28% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Veralto

In other Veralto news, SVP Melissa Aquino sold 8,041 shares of the firm’s 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 completion of the sale, the senior vice president now owns 20,761 shares in the company, valued at approximately $1,942,399.16. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, 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 directly owns 34,045 shares of the company’s stock, valued at approximately $3,417,437.10. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, 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 completion of the transaction, the senior vice president now directly owns 20,761 shares of the company’s stock, valued at $1,942,399.16. The disclosure for this sale can be found here. 0.31% of the stock is owned by corporate insiders.

Veralto Stock Up 1.7 %

NYSE:VLTO traded up $1.66 during mid-day trading on Friday, hitting $98.76. 1,052,781 shares of the company’s stock traded hands, compared to its average volume of 1,669,871. The firm has a 50 day moving average of $98.51 and a two-hundred day moving average of $89.70. Veralto Co. has a 12 month low of $65.51 and a 12 month high of $102.58. 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 (NYSE:VLTO) last announced its 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 business had revenue of $1.25 billion for the quarter, compared to the consensus estimate of $1.23 billion. The business’s revenue for the quarter was up 1.7% on a year-over-year basis. Equities analysts expect that Veralto Co. will post 3.37 earnings per share for the current year.

Veralto Dividend Announcement

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 is Friday, June 28th. This represents a $0.36 annualized dividend and a yield of 0.36%.

Analysts Set New Price Targets

VLTO has been the topic of several research reports. Citigroup upped their target price on Veralto from $89.00 to $94.00 and gave the stock a “neutral” rating in a research report on Monday, April 8th. Robert W. Baird upped their target price on Veralto from $90.00 to $98.00 and gave the stock a “neutral” rating in a research report on Thursday, April 25th. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $101.00 target price on shares of Veralto in a research report on Friday, June 14th. BMO Capital Markets upped their target price on Veralto from $97.00 to $101.00 and gave the stock an “outperform” rating in a research report on Thursday, April 25th. Finally, Stifel Nicolaus upped their target price on Veralto from $92.00 to $97.00 and gave the stock a “buy” rating in a research report on Wednesday, April 17th. Six research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, Veralto presently has a consensus rating of “Moderate Buy” and a consensus target price of $96.00.

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.