Davis R M Inc. Sells 17,278 Shares of Veralto Co. (NYSE:VLTO)

Davis R M Inc. trimmed its holdings in Veralto Co. (NYSE:VLTO) by 32.4% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 36,084 shares of the company’s stock after selling 17,278 shares during the quarter. Davis R M Inc.’s holdings in Veralto were worth $4,036,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently made changes to their positions in the company. Ashton Thomas Securities LLC acquired a new stake in Veralto in the third quarter worth $25,000. Goodman Advisory Group LLC bought a new stake in Veralto in the 2nd quarter valued at about $26,000. LRI Investments LLC acquired a new position in Veralto during the 1st quarter worth approximately $30,000. Fairscale Capital LLC acquired a new stake in Veralto in the second quarter valued at approximately $30,000. Finally, Hazlett Burt & Watson Inc. increased its holdings in shares of 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 acquiring an additional 333 shares in the last quarter. Institutional investors own 91.28% of the company’s stock.

Insiders Place Their Bets

In other Veralto news, SVP Surekha Trivedi sold 752 shares of the stock in a transaction dated Friday, November 1st. The shares were sold at an average price of $102.91, for a total transaction of $77,388.32. Following the completion of the transaction, the senior vice president now owns 10,413 shares in the company, valued at $1,071,601.83. This trade represents a 6.74 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Jennifer Honeycutt sold 13,190 shares of the business’s stock in a transaction that occurred on Monday, September 30th. The shares were sold at an average price of $110.15, for a total transaction of $1,452,878.50. Following the completion of the sale, the chief executive officer now directly owns 138,546 shares in the company, valued at approximately $15,260,841.90. This trade represents a 8.69 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 28,639 shares of company stock valued at $3,175,803 over the last ninety days. 0.31% of the stock is currently owned by insiders.

Veralto Trading Up 0.4 %

NYSE VLTO opened at $106.41 on Monday. The business’s fifty day moving average is $108.11 and its 200-day moving average is $104.50. The company has a debt-to-equity ratio of 1.35, a current ratio of 2.13 and a quick ratio of 1.87. The stock has a market capitalization of $26.32 billion and a price-to-earnings ratio of 32.84. Veralto Co. has a one year low of $72.23 and a one year high of $115.00.

Veralto (NYSE:VLTO) last announced its quarterly earnings data on Wednesday, October 23rd. The company reported $0.89 EPS for the quarter, topping 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 for the quarter, compared to analyst estimates of $1.30 billion. During the same quarter in the previous year, the firm posted $0.75 earnings per share. The company’s revenue for the quarter was up 4.7% on a year-over-year basis. Equities research analysts predict that Veralto Co. will post 3.48 EPS for the current year.

Veralto Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 31st. Shareholders of record on Friday, September 27th were issued a dividend of $0.09 per share. 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 (DPR) is 11.11%.

Wall Street Analyst Weigh In

Several research firms have weighed in on VLTO. BMO Capital Markets upped their price objective on shares of Veralto from $117.00 to $119.00 and gave the stock an “outperform” rating in a report on Monday, September 30th. Robert W. Baird boosted their price objective on Veralto from $98.00 to $112.00 and gave the stock a “neutral” rating in a report on Monday, July 29th. The Goldman Sachs Group raised their target price on Veralto from $104.00 to $116.00 and gave the company a “buy” rating in a report on Monday, July 29th. Deutsche Bank Aktiengesellschaft upped their price target on Veralto from $100.00 to $109.00 and gave the stock a “hold” rating in a report on Monday, July 29th. Finally, TD Cowen raised their price objective on Veralto from $95.00 to $100.00 and gave the company a “hold” rating in a research note on Tuesday, July 30th. 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, Veralto presently has an average rating of “Hold” and an average 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.