Veralto Co. (NYSE:VLTO) Shares Bought by Curi RMB Capital LLC

Curi RMB Capital LLC grew its holdings in shares of Veralto Co. (NYSE:VLTO) by 3.1% during the third quarter, Holdings Channel reports. The firm owned 7,680 shares of the company’s stock after acquiring an additional 229 shares during the quarter. Curi RMB Capital LLC’s holdings in Veralto were worth $859,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently modified their holdings of the company. Ashton Thomas Securities LLC acquired a new stake in shares of Veralto during the third quarter worth $25,000. Goodman Advisory Group LLC bought a new position in shares of Veralto during the second quarter worth about $26,000. Fairscale Capital LLC bought a new position in shares of Veralto during the second quarter worth about $30,000. Raleigh Capital Management Inc. grew its position in shares of Veralto by 692.3% during the third quarter. Raleigh Capital Management Inc. now owns 309 shares of the company’s stock worth $35,000 after acquiring an additional 270 shares during the last quarter. Finally, LRI Investments LLC bought a new position in shares of Veralto during the first quarter worth about $30,000. 91.28% of the stock is owned by institutional investors and hedge funds.

Veralto Trading Down 0.4 %

Shares of VLTO stock opened at $102.68 on Friday. Veralto Co. has a 12 month low of $70.06 and a 12 month high of $115.00. The company has a quick ratio of 1.87, a current ratio of 2.13 and a debt-to-equity ratio of 1.35. The business’s 50 day moving average is $108.69 and its two-hundred day moving average is $104.00. The company has a market cap of $25.39 billion and a PE ratio of 31.69.

Veralto (NYSE:VLTO) last announced its quarterly earnings data on Wednesday, October 23rd. The company reported $0.89 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.85 by $0.04. The business had revenue of $1.31 billion for the quarter, compared to the consensus estimate of $1.30 billion. Veralto had a net margin of 15.69% and a return on equity of 52.85%. Veralto’s quarterly revenue was up 4.7% on a year-over-year basis. During the same quarter last year, the company posted $0.75 earnings per share. Equities 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. Investors of record on Friday, September 27th were given a $0.09 dividend. The ex-dividend date of this dividend was Friday, September 27th. This represents a $0.36 dividend on an annualized basis and a yield of 0.35%. Veralto’s payout ratio is 11.11%.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on VLTO. Robert W. Baird upped their price target on shares of Veralto from $98.00 to $112.00 and gave the stock a “neutral” rating in a research report on Monday, July 29th. UBS Group began coverage on shares of Veralto in a research report on Tuesday, August 13th. They set a “neutral” rating and a $118.00 price target for the company. The Goldman Sachs Group upped their price target on shares of Veralto from $104.00 to $116.00 and gave the stock a “buy” rating in a research report on Monday, July 29th. Royal Bank of Canada increased their target price on shares of Veralto from $108.00 to $111.00 and gave the company a “sector perform” rating in a research report on Friday, October 25th. Finally, BMO Capital Markets increased their target price on shares of Veralto from $117.00 to $119.00 and gave the company an “outperform” rating in a research report on Monday, September 30th. Seven analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $108.27.

Insider Buying and Selling

In other news, SVP Surekha Trivedi sold 752 shares of Veralto stock in a transaction dated Friday, November 1st. The stock was sold at an average price of $102.91, for a total transaction of $77,388.32. Following the transaction, the senior vice president now owns 10,413 shares in the company, valued at $1,071,601.83. The trade was a 6.74 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Jennifer Honeycutt sold 13,191 shares of the business’s stock in a transaction that occurred on Friday, August 30th. The shares were sold at an average price of $111.98, for a total value of $1,477,128.18. Following the completion of the sale, the chief executive officer now owns 138,546 shares in the company, valued at $15,514,381.08. The trade was a 8.69 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 36,038 shares of company stock worth $3,989,693 over the last three months. 0.31% of the stock is currently owned by company insiders.

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.