Associated Banc Corp Has $2.42 Million Stock Holdings in Veralto Co. (NYSE:VLTO)

Associated Banc Corp lowered its stake in Veralto Co. (NYSE:VLTO) by 2.9% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 21,621 shares of the company’s stock after selling 654 shares during the quarter. Associated Banc Corp’s holdings in Veralto were worth $2,419,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of VLTO. Ashton Thomas Securities LLC bought a new position in shares of Veralto during the third quarter worth approximately $25,000. Goodman Advisory Group LLC acquired a new stake in shares of Veralto during the second quarter worth $26,000. Fairscale Capital LLC bought a new position in Veralto during the second quarter worth about $30,000. Raleigh Capital Management Inc. grew its holdings in shares of 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 in the last quarter. Finally, LRI Investments LLC bought a new position in Veralto in the first quarter valued at approximately $30,000. 91.28% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms have recently commented on VLTO. Deutsche Bank Aktiengesellschaft increased their target price on shares of Veralto from $100.00 to $109.00 and gave the stock a “hold” rating in a report on Monday, July 29th. TD Cowen upped their price target on shares of Veralto from $95.00 to $100.00 and gave the stock a “hold” rating in a report on Tuesday, July 30th. Robert W. Baird increased their target price on Veralto from $98.00 to $112.00 and gave the company a “neutral” rating in a research report on Monday, July 29th. UBS Group started coverage on Veralto in a report on Tuesday, August 13th. They set a “neutral” rating and a $118.00 price target on the stock. Finally, Stifel Nicolaus upped their price target on shares of Veralto from $117.00 to $119.00 and gave the company a “buy” rating in a research report on Wednesday, October 16th. Seven analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, Veralto has an average rating of “Hold” and an average target price of $108.27.

Insiders Place Their Bets

In related news, CEO Jennifer Honeycutt sold 13,190 shares of the business’s stock in a transaction that occurred on Monday, September 30th. The shares were sold at an average price of $110.15, for a total transaction of $1,452,878.50. Following the completion of the transaction, the chief executive officer now owns 138,546 shares of the company’s stock, valued at approximately $15,260,841.90. The trade was a 8.69 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Surekha Trivedi sold 752 shares of the company’s stock in a transaction that occurred on Friday, November 1st. The stock was sold at an average price of $102.91, for a total transaction of $77,388.32. Following the sale, the senior vice president now directly owns 10,413 shares in the company, valued at $1,071,601.83. This trade represents a 6.74 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 28,639 shares of company stock valued at $3,175,803. Corporate insiders own 0.31% of the company’s stock.

Veralto Trading Up 1.9 %

VLTO opened at $108.48 on Tuesday. The company has a fifty day moving average price of $108.08 and a two-hundred day moving average price of $104.59. Veralto Co. has a 1-year low of $72.85 and a 1-year 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 company has a market cap of $26.83 billion and a P/E ratio of 33.48.

Veralto (NYSE:VLTO) last released its quarterly earnings data on Wednesday, October 23rd. The company reported $0.89 earnings per share for the quarter, beating analysts’ consensus estimates 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 net margin of 15.69% and a return on equity of 52.85%. The business’s quarterly revenue was up 4.7% compared to the same quarter last year. During the same period last year, the firm earned $0.75 earnings per share. Analysts predict that Veralto Co. will post 3.48 EPS for the current fiscal year.

Veralto Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, October 31st. Investors of record on Friday, September 27th were issued a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a yield of 0.33%. The ex-dividend date was Friday, September 27th. Veralto’s dividend payout ratio (DPR) is presently 11.11%.

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.