EP Wealth Advisors LLC Acquires New Holdings in Veralto Co. (NYSE:VLTO)

EP Wealth Advisors LLC acquired a new stake in Veralto Co. (NYSE:VLTO) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 2,282 shares of the company’s stock, valued at approximately $232,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Bernard Wealth Management Corp. purchased a new stake in Veralto in the 4th quarter valued at about $25,000. OFI Invest Asset Management acquired a new position in Veralto in the 4th quarter valued at about $26,000. BankPlus Trust Department acquired a new position in Veralto in the 4th quarter valued at about $29,000. Albion Financial Group UT grew its position in Veralto by 2,100.0% in the 4th quarter. Albion Financial Group UT now owns 352 shares of the company’s stock valued at $36,000 after acquiring an additional 336 shares in the last quarter. Finally, Geneos Wealth Management Inc. acquired a new position in Veralto in the 4th quarter valued at about $42,000. 91.28% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Veralto

In other Veralto news, SVP Melissa Aquino sold 31,689 shares of the business’s stock in a transaction that occurred on Thursday, May 1st. The stock was sold at an average price of $93.67, for a total value of $2,968,308.63. Following the completion of the sale, the senior vice president now owns 17,434 shares in the company, valued at approximately $1,633,042.78. The trade was a 64.51% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Surekha Trivedi sold 590 shares of the business’s stock in a transaction that occurred on Tuesday, February 25th. The shares were sold at an average price of $100.35, for a total value of $59,206.50. Following the completion of the sale, the senior vice president now owns 8,470 shares of the company’s stock, valued at approximately $849,964.50. This represents a 6.51% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 64,115 shares of company stock worth $6,145,933. 0.36% of the stock is owned by insiders.

Veralto Stock Performance

Shares of VLTO opened at $100.28 on Wednesday. The stock has a 50 day moving average price of $94.30 and a 200 day moving average price of $99.72. The company has a quick ratio of 1.69, a current ratio of 1.92 and a debt-to-equity ratio of 1.27. The company has a market capitalization of $24.86 billion, a price-to-earnings ratio of 30.02, a price-to-earnings-growth ratio of 4.24 and a beta of 0.99. Veralto Co. has a 52-week low of $83.87 and a 52-week high of $115.00.

Veralto (NYSE:VLTO) last announced its quarterly earnings results on Tuesday, April 29th. The company reported $0.95 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.87 by $0.08. The firm had revenue of $1.33 billion during the quarter, compared to the consensus estimate of $1.28 billion. Veralto had a return on equity of 49.29% and a net margin of 16.04%. The firm’s quarterly revenue was up 6.9% compared to the same quarter last year. During the same period in the prior year, the company posted $0.84 earnings per share. Research analysts predict that Veralto Co. will post 3.66 EPS for the current fiscal year.

Veralto Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 30th. Shareholders of record on Monday, March 31st were paid a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a yield of 0.44%. The ex-dividend date was Monday, March 31st. Veralto’s dividend payout ratio is currently 12.57%.

Wall Street Analyst Weigh In

VLTO has been the subject of several research reports. Citigroup dropped their target price on Veralto from $116.00 to $100.00 and set a “neutral” rating for the company in a research report on Monday, April 14th. Royal Bank of Canada lifted their target price on Veralto from $103.00 to $104.00 and gave the company a “sector perform” rating in a research report on Thursday, May 1st. Robert W. Baird lifted their target price on Veralto from $105.00 to $106.00 and gave the company a “neutral” rating in a research report on Thursday, May 1st. Northcoast Research initiated coverage on Veralto in a research report on Tuesday, May 6th. They issued a “buy” rating and a $110.00 target price for the company. Finally, Stifel Nicolaus boosted their price objective on Veralto from $102.00 to $104.00 and gave the stock a “buy” rating in a research report on Thursday, May 1st. Six analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $110.09.

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.