Horizon Investments LLC Buys 183 Shares of Veralto Corporation $VLTO

Horizon Investments LLC lifted its stake in shares of Veralto Corporation (NYSE:VLTO) by 5.4% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 3,563 shares of the company’s stock after acquiring an additional 183 shares during the period. Horizon Investments LLC’s holdings in Veralto were worth $347,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of VLTO. Baldwin Investment Management LLC raised its holdings in shares of Veralto by 3.4% during the first quarter. Baldwin Investment Management LLC now owns 3,219 shares of the company’s stock valued at $314,000 after purchasing an additional 106 shares during the period. Coldstream Capital Management Inc. increased its position in Veralto by 1.7% in the 4th quarter. Coldstream Capital Management Inc. now owns 6,405 shares of the company’s stock valued at $652,000 after buying an additional 110 shares in the last quarter. Cambridge Investment Research Advisors Inc. raised its stake in Veralto by 1.3% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 8,784 shares of the company’s stock worth $856,000 after buying an additional 113 shares during the period. Phoenix Financial Ltd. boosted its holdings in Veralto by 2.9% in the first quarter. Phoenix Financial Ltd. now owns 4,644 shares of the company’s stock worth $454,000 after acquiring an additional 132 shares in the last quarter. Finally, Argent Trust Co boosted its holdings in Veralto by 1.8% in the first quarter. Argent Trust Co now owns 8,096 shares of the company’s stock worth $789,000 after acquiring an additional 140 shares in the last quarter. 91.28% of the stock is owned by institutional investors.

Veralto Stock Performance

Shares of Veralto stock opened at $107.14 on Monday. The business’s fifty day simple moving average is $102.60 and its 200 day simple moving average is $98.87. The company has a current ratio of 2.32, a quick ratio of 2.06 and a debt-to-equity ratio of 1.00. Veralto Corporation has a 12 month low of $83.86 and a 12 month high of $115.00. The firm has a market capitalization of $26.59 billion, a P/E ratio of 29.93, a price-to-earnings-growth ratio of 3.53 and a beta of 0.91.

Veralto (NYSE:VLTO) last announced its earnings results on Monday, July 28th. The company reported $0.93 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.89 by $0.04. The firm had revenue of $1.37 billion during the quarter, compared to analyst estimates of $1.34 billion. Veralto had a return on equity of 41.45% and a net margin of 16.65%. The business’s revenue was up 6.4% compared to the same quarter last year. During the same period last year, the firm posted $0.85 EPS. As a group, analysts anticipate that Veralto Corporation will post 3.66 EPS for the current year.

Insider Transactions at Veralto

In other Veralto news, SVP Surekha Trivedi sold 848 shares of Veralto stock in a transaction dated Monday, June 2nd. The shares were sold at an average price of $100.55, for a total value of $85,266.40. Following the sale, the senior vice president owned 8,433 shares of the company’s stock, valued at approximately $847,938.15. The trade was a 9.14% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 0.36% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the company. Wolfe Research upgraded Veralto from a “hold” rating to a “strong-buy” rating in a report on Wednesday, July 30th. Royal Bank Of Canada boosted their price target on shares of Veralto from $104.00 to $108.00 and gave the company a “sector perform” rating in a research note on Wednesday, July 30th. Northcoast Research began coverage on shares of Veralto in a report on Tuesday, May 6th. They set a “buy” rating and a $110.00 price objective on the stock. Robert W. Baird lifted their price objective on shares of Veralto from $106.00 to $112.00 and gave the company a “neutral” rating in a report on Wednesday, July 30th. Finally, Stifel Nicolaus set a $120.00 target price on shares of Veralto and gave the stock a “buy” rating in a research report on Wednesday, July 30th. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $113.43.

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.