Signaturefd LLC Cuts Stock Position in Veralto Co. (NYSE:VLTO)

Signaturefd LLC lowered its holdings in Veralto Co. (NYSE:VLTO) by 6.3% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,871 shares of the company’s stock after selling 126 shares during the period. Signaturefd LLC’s holdings in Veralto were worth $179,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Global Retirement Partners LLC raised its stake in shares of Veralto by 3.2% during the 1st quarter. Global Retirement Partners LLC now owns 3,966 shares of the company’s stock valued at $352,000 after purchasing an additional 123 shares during the period. Sequoia Financial Advisors LLC raised its stake in shares of Veralto by 2.7% during the 2nd quarter. Sequoia Financial Advisors LLC now owns 5,406 shares of the company’s stock valued at $516,000 after purchasing an additional 142 shares during the period. Perkins Coie Trust Co raised its stake in shares of Veralto by 2.2% during the 2nd quarter. Perkins Coie Trust Co now owns 7,128 shares of the company’s stock valued at $680,000 after purchasing an additional 151 shares during the period. Valeo Financial Advisors LLC raised its stake in shares of Veralto by 5.0% during the 2nd quarter. Valeo Financial Advisors LLC now owns 3,533 shares of the company’s stock valued at $337,000 after purchasing an additional 168 shares during the period. Finally, Mather Group LLC. raised its stake in shares of Veralto by 42.9% during the 2nd quarter. Mather Group LLC. now owns 570 shares of the company’s stock valued at $51,000 after purchasing an additional 171 shares during the period. Hedge funds and other institutional investors own 91.28% of the company’s stock.

Insiders Place Their Bets

In other Veralto news, SVP Surekha Trivedi sold 7,399 shares of the stock in a transaction that occurred on Wednesday, August 21st. The stock was sold at an average price of $110.00, for a total value of $813,890.00. Following the completion of the sale, the senior vice president now owns 12,671 shares in the company, valued at approximately $1,393,810. The transaction was disclosed in a document filed with the SEC, which is available at this link. In other Veralto news, SVP Surekha Trivedi sold 7,399 shares of the stock in a transaction that occurred on Wednesday, August 21st. The stock was sold at an average price of $110.00, for a total value of $813,890.00. Following the completion of the sale, the senior vice president now owns 12,671 shares in the company, valued at approximately $1,393,810. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, SVP Mattias Bystrom sold 3,000 shares of the stock in a transaction that occurred on Monday, July 29th. The stock was sold at an average price of $105.89, for a total value of $317,670.00. Following the completion of the transaction, the senior vice president now directly owns 31,045 shares of the company’s stock, valued at approximately $3,287,355.05. The disclosure for this sale can be found here. In the last 90 days, insiders sold 11,152 shares of company stock worth $1,211,920. 0.31% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of equities analysts have weighed in on VLTO shares. Stifel Nicolaus upped their target price on Veralto from $110.00 to $117.00 and gave the stock a “buy” rating in a research note on Monday, July 29th. UBS Group started coverage on Veralto in a research note on Tuesday, August 13th. They issued a “neutral” rating and a $118.00 target price on the stock. Robert W. Baird upped their target price on Veralto from $98.00 to $112.00 and gave the stock a “neutral” rating in a research note on Monday, July 29th. Deutsche Bank Aktiengesellschaft upped their target price on Veralto from $100.00 to $109.00 and gave the stock a “hold” rating in a research note on Monday, July 29th. Finally, The Goldman Sachs Group upped their target price on Veralto from $104.00 to $116.00 and gave the stock a “buy” rating in a research note on Monday, July 29th. Seven equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $104.46.

Veralto Trading Up 0.6 %

Shares of VLTO stock opened at $112.43 on Tuesday. The stock has a market capitalization of $27.78 billion and a PE ratio of 33.97. Veralto Co. has a 1-year low of $65.51 and a 1-year high of $112.77. The business has a 50-day moving average of $102.99 and a 200 day moving average of $96.46. The company has a debt-to-equity ratio of 1.56, a current ratio of 1.96 and a quick ratio of 1.70.

Veralto (NYSE:VLTO) last issued its earnings results on Thursday, July 25th. The company reported $0.85 earnings per share for the quarter, beating the consensus estimate of $0.80 by $0.05. Veralto had a return on equity of 58.82% and a net margin of 15.60%. The company had revenue of $1.29 billion during the quarter, compared to analysts’ expectations of $1.28 billion. During the same period in the prior year, the business posted $0.80 EPS. Veralto’s quarterly revenue was up 2.8% compared to the same quarter last year. As a group, sell-side analysts anticipate that Veralto Co. will post 3.45 earnings per share for the current year.

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.