Veralto Co. (NYSE:VLTO) Shares Sold by Toth Financial Advisory Corp

Toth Financial Advisory Corp decreased its position in shares of Veralto Co. (NYSE:VLTO) by 26.8% in the 1st quarter, HoldingsChannel.com reports. The fund owned 834 shares of the company’s stock after selling 305 shares during the quarter. Toth Financial Advisory Corp’s holdings in Veralto were worth $74,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently modified their holdings of the company. Sugarloaf Wealth Management LLC acquired a new stake in Veralto in the fourth quarter worth about $25,000. First Command Advisory Services Inc. acquired a new stake in Veralto in the fourth quarter worth about $25,000. Blue Trust Inc. acquired a new stake in Veralto in the fourth quarter worth about $26,000. Delta Asset Management LLC TN lifted its holdings in Veralto by 216.0% in the fourth quarter. Delta Asset Management LLC TN now owns 316 shares of the company’s stock worth $26,000 after purchasing an additional 216 shares during the period. Finally, Dougherty Wealth Advisers LLC acquired a new stake in Veralto in the fourth quarter worth about $27,000. Institutional investors and hedge funds own 91.28% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have commented on the stock. Citigroup boosted their price target on shares of Veralto from $89.00 to $94.00 and gave the stock a “neutral” rating in a research report on Monday, April 8th. BNP Paribas assumed coverage on shares of Veralto in a research report on Tuesday, March 12th. They issued an “outperform” rating and a $103.00 price target on the stock. Robert W. Baird boosted their price target on shares of 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 reiterated a “sector perform” rating and issued a $101.00 price target on shares of Veralto in a research report on Friday, June 14th. Finally, BMO Capital Markets boosted their price target on shares of Veralto from $97.00 to $101.00 and gave the stock an “outperform” rating in a research report on Thursday, April 25th. Six investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $96.00.

Veralto Stock Down 2.1 %

Shares of VLTO traded down $2.05 during trading hours on Friday, reaching $95.47. The company’s stock had a trading volume of 9,333,707 shares, compared to its average volume of 1,442,760. Veralto Co. has a 1-year low of $65.51 and a 1-year 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. The company has a 50 day moving average of $98.09 and a two-hundred day moving average of $88.56.

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

Veralto Announces Dividend

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

Insider Activity at Veralto

In related news, SVP Mattias Bystrom sold 302 shares of the business’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 value 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 approximately $3,417,437.10. The sale was disclosed in a document filed with the SEC, which is available at this link. In other Veralto news, SVP Mattias Bystrom sold 302 shares of the company’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 sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Melissa Aquino sold 8,041 shares of the company’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 sale, the senior vice president now directly owns 20,761 shares of the company’s stock, valued at approximately $1,942,399.16. The disclosure for this sale can be found here. 0.31% of the stock is currently owned by company 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.