Prime Capital Investment Advisors LLC Sells 3,616 Shares of Veralto Corporation $VLTO

Key Points

• Prime Capital Investment Advisors LLC reduced its stake in Veralto Corporation by 61.4%, selling 3,616 shares, and now owns 2,269 shares valued at $229,000.
• Veralto recently reported earnings of $0.93 EPS, surpassing analysts' expectations, and announced a quarterly dividend of $0.11 per share with a yield of 0.4%.
• Analysts have mixed views on Veralto, with Wolfe Research upgrading its rating to "strong-buy" and an average price target set at $113.43.

Prime Capital Investment Advisors LLC cut its position in shares of Veralto Corporation (NYSE:VLTO - Free Report) by 61.4% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,269 shares of the company's stock after selling 3,616 shares during the period. Prime Capital Investment Advisors LLC's holdings in Veralto were worth $229,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of VLTO. Truvestments Capital LLC increased its position in shares of Veralto by 148.5% during the first quarter. Truvestments Capital LLC now owns 328 shares of the company's stock valued at $32,000 after purchasing an additional 196 shares during the period. Opal Wealth Advisors LLC bought a new stake in shares of Veralto during the first quarter valued at approximately $45,000. Grove Bank & Trust increased its position in shares of Veralto by 198.2% during the first quarter. Grove Bank & Trust now owns 510 shares of the company's stock valued at $50,000 after purchasing an additional 339 shares during the period. Ameritas Advisory Services LLC bought a new stake in shares of Veralto during the second quarter valued at approximately $51,000. Finally, Cloud Capital Management LLC bought a new stake in shares of Veralto during the first quarter valued at approximately $64,000. 91.28% of the stock is currently owned by institutional investors.

Veralto Price Performance

Veralto stock opened at $101.72 on Monday. The company has a debt-to-equity ratio of 1.00, a quick ratio of 2.06 and a current ratio of 2.32. The firm has a market cap of $25.24 billion, a P/E ratio of 28.41, a P/E/G ratio of 3.36 and a beta of 0.90. The business's fifty day moving average is $106.58 and its two-hundred day moving average is $100.98. Veralto Corporation has a 52 week low of $83.86 and a 52 week high of $115.00.

Veralto (NYSE:VLTO - Get Free Report) last posted its quarterly earnings data on Monday, July 28th. The company reported $0.93 EPS for the quarter, topping analysts' consensus estimates of $0.89 by $0.04. The company had revenue of $1.37 billion for 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% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.85 earnings per share. Veralto has set its FY 2025 guidance at 3.720-3.800 EPS. Q3 2025 guidance at 0.910-0.950 EPS. Equities research analysts forecast that Veralto Corporation will post 3.66 earnings per share for the current fiscal year.

Veralto Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 31st. Shareholders of record on Tuesday, September 30th will be paid a $0.11 dividend. The ex-dividend date of this dividend is Tuesday, September 30th. This represents a $0.44 dividend on an annualized basis and a yield of 0.4%. Veralto's payout ratio is currently 12.29%.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on VLTO shares. Wolfe Research upgraded Veralto from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, July 30th. Royal Bank Of Canada boosted their price target on Veralto from $104.00 to $108.00 and gave the company a "sector perform" rating in a research note on Wednesday, July 30th. Barclays decreased their price target on Veralto from $120.00 to $119.00 and set an "overweight" rating on the stock in a research note on Monday, October 6th. Raymond James Financial assumed coverage on Veralto in a research note on Tuesday, August 26th. They issued a "market perform" rating on the stock. Finally, Robert W. Baird boosted their price target on Veralto from $106.00 to $112.00 and gave the company a "neutral" rating in a research note on Wednesday, July 30th. Six research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $113.43.

Insider Buying and Selling

In other Veralto news, CEO Jennifer Honeycutt sold 10,646 shares of the business's stock in a transaction on Friday, August 29th. The stock was sold at an average price of $106.26, for a total value of $1,131,243.96. Following the transaction, the chief executive officer owned 106,219 shares of the company's stock, valued at approximately $11,286,830.94. The trade was a 9.11% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.36% of the company's stock.

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.

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