Veralto Co. (NYSE:VLTO) Shares Sold by Sanctuary Advisors LLC

Sanctuary Advisors LLC decreased its position in shares of Veralto Co. (NYSE:VLTO) by 17.6% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 15,700 shares of the company’s stock after selling 3,344 shares during the period. Sanctuary Advisors LLC’s holdings in Veralto were worth $1,671,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in VLTO. Ashton Thomas Securities LLC purchased a new stake in shares of Veralto during the third quarter worth about $25,000. Goodman Advisory Group LLC purchased a new position in Veralto in the second quarter valued at about $26,000. Fairscale Capital LLC acquired a new stake in Veralto during the 2nd quarter valued at approximately $30,000. Hazlett Burt & Watson Inc. increased its holdings in Veralto by 11,100.0% during the 2nd quarter. Hazlett Burt & Watson Inc. now owns 336 shares of the company’s stock worth $32,000 after purchasing an additional 333 shares during the last quarter. Finally, Raleigh Capital Management Inc. increased its holdings in Veralto by 692.3% during the 3rd quarter. Raleigh Capital Management Inc. now owns 309 shares of the company’s stock worth $35,000 after purchasing an additional 270 shares during the last quarter. Institutional investors and hedge funds own 91.28% of the company’s stock.

Wall Street Analysts Forecast Growth

VLTO has been the subject of a number of recent analyst reports. Stifel Nicolaus decreased their price target on shares of Veralto from $119.00 to $117.00 and set a “buy” rating for the company in a research report on Wednesday, December 11th. Royal Bank of Canada raised their price objective on shares of Veralto from $108.00 to $111.00 and gave the stock a “sector perform” rating in a report on Friday, October 25th. Jefferies Financial Group began coverage on shares of Veralto in a research report on Thursday, December 12th. They issued a “buy” rating and a $125.00 target price for the company. Finally, BMO Capital Markets increased their price target on shares of Veralto from $117.00 to $119.00 and gave the stock an “outperform” rating in a research report on Monday, September 30th. Six investment analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $109.50.

Insider Buying and Selling at Veralto

In related news, CEO Jennifer Honeycutt sold 13,190 shares of the company’s stock in a transaction dated Monday, September 30th. The shares were sold at an average price of $110.15, for a total value of $1,452,878.50. Following the completion of the sale, the chief executive officer now owns 138,546 shares of the company’s stock, valued at $15,260,841.90. This represents a 8.69 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, SVP Surekha Trivedi sold 753 shares of the stock in a transaction dated Tuesday, October 1st. The shares were sold at an average price of $112.55, for a total transaction of $84,750.15. Following the completion of the transaction, the senior vice president now owns 11,165 shares of the company’s stock, valued at $1,256,620.75. This represents a 6.32 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 14,695 shares of company stock valued at $1,615,017 in the last ninety days. Company insiders own 0.31% of the company’s stock.

Veralto Stock Up 0.1 %

Shares of Veralto stock opened at $101.33 on Friday. The stock has a market capitalization of $25.06 billion, a price-to-earnings ratio of 31.27, a PEG ratio of 4.30 and a beta of 0.91. Veralto Co. has a twelve month low of $73.91 and a twelve month high of $115.00. The company has a current ratio of 2.13, a quick ratio of 1.87 and a debt-to-equity ratio of 1.35. The business’s 50 day simple moving average is $106.27 and its 200-day simple moving average is $105.35.

Veralto (NYSE:VLTO) last issued its earnings results on Wednesday, October 23rd. The company reported $0.89 earnings per share for the quarter, topping the consensus estimate of $0.85 by $0.04. The firm had revenue of $1.31 billion for the quarter, compared to analyst estimates of $1.30 billion. Veralto had a return on equity of 52.85% and a net margin of 15.69%. The firm’s revenue for the quarter was up 4.7% on a year-over-year basis. During the same period last year, the company earned $0.75 earnings per share. Equities research analysts forecast that Veralto Co. will post 3.48 earnings per share for the current year.

Veralto Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Tuesday, December 31st will be given a $0.11 dividend. This is an increase from Veralto’s previous quarterly dividend of $0.09. This represents a $0.44 annualized dividend and a yield of 0.43%. Veralto’s dividend payout ratio (DPR) is currently 11.11%.

About Veralto

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.