Veralto Co. (NYSE:VLTO) Shares Sold by West Oak Capital LLC

West Oak Capital LLC lessened its holdings in Veralto Co. (NYSE:VLTO) by 24.8% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,074 shares of the company’s stock after selling 683 shares during the quarter. West Oak Capital LLC’s holdings in Veralto were worth $184,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Neville Rodie & Shaw Inc. acquired a new position in shares of Veralto during the fourth quarter valued at $1,732,000. Anchor Investment Management LLC acquired a new position in shares of Veralto during the fourth quarter valued at $117,000. Park National Corp OH acquired a new position in shares of Veralto during the fourth quarter valued at $1,243,000. M&R Capital Management Inc. acquired a new position in shares of Veralto during the fourth quarter valued at $70,000. Finally, Massmutual Trust Co. FSB ADV acquired a new position in shares of Veralto during the fourth quarter valued at $285,000. Institutional investors and hedge funds own 91.28% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the stock. Stifel Nicolaus lifted their price objective on shares of Veralto from $92.00 to $97.00 and gave the company a “buy” rating in a research note on Wednesday, April 17th. BNP Paribas assumed coverage on shares of Veralto in a research note on Tuesday, March 12th. They set an “outperform” rating and a $103.00 price objective on the stock. Royal Bank of Canada restated a “sector perform” rating and set a $101.00 price objective on shares of Veralto in a research note on Friday, June 14th. TD Cowen assumed coverage on shares of Veralto in a research note on Monday, June 17th. They set a “hold” rating and a $95.00 price objective on the stock. Finally, BMO Capital Markets boosted their price target on shares of Veralto from $97.00 to $101.00 and gave the stock an “outperform” rating in a research report on Thursday, April 25th. Six equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $96.00.

Veralto Stock Performance

NYSE VLTO traded down $1.10 on Tuesday, hitting $94.35. 1,983,111 shares of the company were exchanged, compared to its average volume of 1,620,078. The company’s 50 day moving average price is $98.18 and its 200-day moving average price is $88.94. The company has a debt-to-equity ratio of 1.76, a current ratio of 1.83 and a quick ratio of 1.56. Veralto Co. has a twelve month low of $65.51 and a twelve month high of $102.58.

Veralto (NYSE:VLTO) last posted its quarterly earnings data on Tuesday, April 23rd. The company reported $0.84 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.76 by $0.08. The company had revenue of $1.25 billion for the quarter, compared to analyst estimates of $1.23 billion. The business’s revenue was up 1.7% on a year-over-year basis. Analysts anticipate that Veralto Co. will post 3.37 earnings per share for the current year.

Veralto Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 31st. Shareholders of record on Friday, June 28th will be paid a dividend of $0.09 per share. The ex-dividend date of this dividend is Friday, June 28th. This represents a $0.36 annualized dividend and a yield of 0.38%.

Insider Buying and Selling at Veralto

In other Veralto news, SVP Mattias Bystrom sold 302 shares of Veralto stock in a transaction dated Thursday, May 23rd. The stock was sold at an average price of $100.38, for a total transaction of $30,314.76. Following the transaction, the senior vice president now owns 34,045 shares of the company’s stock, valued at approximately $3,417,437.10. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In related news, SVP Mattias Bystrom sold 302 shares of the business’s stock in a transaction that occurred on Thursday, May 23rd. The stock was sold at an average price of $100.38, for a total value of $30,314.76. Following the completion of the sale, the senior vice president now owns 34,045 shares of the company’s stock, valued at approximately $3,417,437.10. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, SVP Melissa Aquino sold 8,041 shares of the business’s stock in a transaction that occurred on Friday, April 26th. The shares were sold at an average price of $93.56, for a total value of $752,315.96. Following the completion of the sale, the senior vice president now directly owns 20,761 shares of the company’s stock, valued at approximately $1,942,399.16. The disclosure for this sale can be found here. Company insiders own 0.31% of the company’s stock.

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.