YHB Investment Advisors Inc. Grows Holdings in Veralto Co. (NYSE:VLTO)

YHB Investment Advisors Inc. increased its holdings in shares of Veralto Co. (NYSE:VLTO) by 2.1% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 19,432 shares of the company’s stock after acquiring an additional 405 shares during the quarter. YHB Investment Advisors Inc.’s holdings in Veralto were worth $2,174,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Goodman Advisory Group LLC bought a new position in Veralto during the second quarter valued at about $26,000. Fairscale Capital LLC bought a new position in Veralto during the second quarter valued at $30,000. Raleigh Capital Management Inc. increased its position in Veralto by 692.3% in the third quarter. Raleigh Capital Management Inc. now owns 309 shares of the company’s stock worth $35,000 after buying an additional 270 shares during the last quarter. LRI Investments LLC bought a new stake in shares of Veralto in the first quarter valued at $30,000. Finally, Hazlett Burt & Watson Inc. lifted its position in shares of Veralto by 11,100.0% during the 2nd quarter. Hazlett Burt & Watson Inc. now owns 336 shares of the company’s stock valued at $32,000 after buying an additional 333 shares during the last quarter. 91.28% of the stock is owned by hedge funds and other institutional investors.

Veralto Price Performance

VLTO opened at $110.93 on Thursday. The company has a current ratio of 1.96, a quick ratio of 1.70 and a debt-to-equity ratio of 1.56. The stock has a market capitalization of $27.41 billion and a P/E ratio of 34.77. The stock has a 50-day moving average price of $110.91 and a 200-day moving average price of $102.60. Veralto Co. has a 12-month low of $65.51 and a 12-month high of $114.61.

Veralto (NYSE:VLTO) last issued its earnings results on Thursday, July 25th. The company reported $0.85 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.80 by $0.05. The business had revenue of $1.29 billion during the quarter, compared to analyst estimates of $1.28 billion. Veralto had a return on equity of 58.82% and a net margin of 15.60%. Veralto’s revenue for the quarter was up 2.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.80 earnings per share. Equities analysts predict that Veralto Co. will post 3.46 earnings per share for the current fiscal year.

Veralto Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 31st. Investors of record on Friday, September 27th will be issued a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a dividend yield of 0.32%. The ex-dividend date of this dividend is Friday, September 27th. Veralto’s dividend payout ratio is currently 11.29%.

Wall Street Analyst Weigh In

VLTO has been the topic of a number of research reports. TD Cowen boosted 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. The Goldman Sachs Group boosted their price target on shares of Veralto from $104.00 to $116.00 and gave the company a “buy” rating in a research report on Monday, July 29th. Robert W. Baird boosted their target price on shares of Veralto from $98.00 to $112.00 and gave the company a “neutral” rating in a report on Monday, July 29th. BMO Capital Markets increased their target price on Veralto from $117.00 to $119.00 and gave the stock an “outperform” rating in a research report on Monday, September 30th. Finally, Deutsche Bank Aktiengesellschaft boosted their price objective on Veralto from $100.00 to $109.00 and gave the company a “hold” rating in a research note on Monday, July 29th. Seven research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $108.00.

Insider Buying and Selling

In other news, SVP Mattias Bystrom sold 3,000 shares of the business’s stock in a transaction dated 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 sale, the senior vice president now owns 31,045 shares of the company’s stock, valued at approximately $3,287,355.05. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, SVP Surekha Trivedi sold 753 shares of the firm’s stock in a transaction that occurred on Tuesday, October 1st. The shares were sold at an average price of $112.55, for a total value of $84,750.15. Following the transaction, the senior vice president now owns 11,165 shares in the company, valued at approximately $1,256,620.75. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Mattias Bystrom sold 3,000 shares of the business’s stock in a transaction dated Monday, July 29th. The shares were sold at an average price of $105.89, for a total transaction of $317,670.00. Following the completion of the transaction, the senior vice president now owns 31,045 shares in the company, valued at $3,287,355.05. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 39,039 shares of company stock worth $4,310,335 in the last 90 days. 0.31% of the stock is 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.