Toth Financial Advisory Corp Sells 257 Shares of Veralto Co. (NYSE:VLTO)

Toth Financial Advisory Corp cut its position in shares of Veralto Co. (NYSE:VLTO) by 28.2% during the 4th quarter, Holdings Channel.com reports. The firm owned 653 shares of the company’s stock after selling 257 shares during the period. Toth Financial Advisory Corp’s holdings in Veralto were worth $66,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Ashton Thomas Securities LLC bought a new position in shares of Veralto during the 3rd quarter valued at $25,000. Goodman Advisory Group LLC purchased a new stake in Veralto during the second quarter valued at about $26,000. Raleigh Capital Management Inc. grew its stake in shares of Veralto by 692.3% during the third quarter. Raleigh Capital Management Inc. now owns 309 shares of the company’s stock valued at $35,000 after buying an additional 270 shares during the last quarter. Albion Financial Group UT increased its holdings in shares of Veralto by 2,100.0% in the fourth quarter. Albion Financial Group UT now owns 352 shares of the company’s stock worth $36,000 after buying an additional 336 shares during the period. Finally, Geneos Wealth Management Inc. bought a new stake in shares of Veralto in the 4th quarter valued at about $42,000. 91.28% of the stock is owned by hedge funds and other institutional investors.

Veralto Price Performance

VLTO opened at $101.79 on Friday. Veralto Co. has a 12-month low of $75.05 and a 12-month high of $115.00. The company has a market cap of $25.17 billion, a price-to-earnings ratio of 31.42, a price-to-earnings-growth ratio of 4.31 and a beta of 1.06. 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 stock has a fifty day simple moving average of $103.97 and a two-hundred day simple moving average of $106.02.

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

Veralto Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Tuesday, December 31st will be issued a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a dividend yield of 0.43%. This is a positive change from Veralto’s previous quarterly dividend of $0.09. The ex-dividend date is Tuesday, December 31st. Veralto’s dividend payout ratio (DPR) is presently 13.58%.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the company. BMO Capital Markets lifted their price target on Veralto from $117.00 to $119.00 and gave the stock an “outperform” rating in a research note on Monday, September 30th. Royal Bank of Canada upped their price target on shares of Veralto from $108.00 to $111.00 and gave the company a “sector perform” rating in a report on Friday, October 25th. Jefferies Financial Group started coverage on shares of Veralto in a research report on Thursday, December 12th. They set a “buy” rating and a $125.00 price target for the company. Citigroup lowered their price objective on shares of Veralto from $118.00 to $116.00 and set a “neutral” rating for the company in a research note on Monday, January 13th. Finally, Stifel Nicolaus cut their target price on Veralto from $117.00 to $116.00 and set a “buy” rating on the stock in a research note on Friday. Six equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $113.18.

Insider Transactions at Veralto

In other Veralto news, SVP Surekha Trivedi sold 752 shares of the business’s stock in a transaction on Friday, November 1st. The stock was sold at an average price of $102.91, for a total value of $77,388.32. Following the sale, the senior vice president now directly owns 10,413 shares of the company’s stock, valued at approximately $1,071,601.83. The trade was a 6.74 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 0.31% of the company’s stock.

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.