Loring Wolcott & Coolidge Fiduciary Advisors LLP MA Sells 76,944 Shares of Veralto Co. (NYSE:VLTO)

Loring Wolcott & Coolidge Fiduciary Advisors LLP MA decreased its holdings in Veralto Co. (NYSE:VLTO - Free Report) by 12.4% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 546,018 shares of the company's stock after selling 76,944 shares during the quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA owned approximately 0.22% of Veralto worth $49,813,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the business. Sugarloaf Wealth Management LLC acquired a new stake in shares of Veralto in the 4th quarter valued at $25,000. Blue Trust Inc. acquired a new stake in shares of Veralto in the 4th quarter valued at $26,000. First Command Advisory Services Inc. acquired a new stake in shares of Veralto in the 4th quarter valued at $25,000. Delta Asset Management LLC TN increased its stake in shares of Veralto by 216.0% in the 4th quarter. Delta Asset Management LLC TN now owns 316 shares of the company's stock valued at $26,000 after buying an additional 216 shares during the period. Finally, Livforsakringsbolaget Skandia Omsesidigt acquired a new stake in shares of Veralto in the 4th quarter valued at $27,000. Institutional investors own 91.28% of the company's stock.

Insider Transactions at Veralto

In other news, SVP Melissa Aquino sold 8,041 shares of the company's stock in a transaction dated Friday, April 26th. The stock was sold at an average price of $93.56, for a total transaction of $752,315.96. Following the completion of the transaction, the senior vice president now directly owns 20,761 shares of the company's stock, valued at $1,942,399.16. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, insider Mattias Bystrom sold 500 shares of the company's stock in a transaction dated Friday, February 16th. The stock was sold at an average price of $86.10, for a total transaction of $43,050.00. Following the completion of the transaction, the insider now directly owns 30,310 shares of the company's stock, valued at $2,609,691. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Melissa Aquino sold 8,041 shares of the 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 transaction, the senior vice president now directly owns 20,761 shares of the company's stock, valued at $1,942,399.16. The disclosure for this sale can be found here. 0.31% of the stock is owned by insiders.

Veralto Trading Down 0.6 %

Shares of Veralto stock traded down $0.54 during trading hours on Thursday, hitting $93.84. The company's stock had a trading volume of 1,265,861 shares, compared to its average volume of 1,609,022. Veralto Co. has a 12 month low of $65.51 and a 12 month high of $95.56. The stock has a 50 day moving average of $89.20 and a 200 day moving average of $80.93. The company has a market capitalization of $23.16 billion and a PE ratio of 26.14. 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 (NYSE:VLTO - Get Free Report) last announced its quarterly earnings results 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 business had revenue of $1.25 billion during the quarter, compared to the consensus estimate of $1.23 billion. The business's quarterly revenue was up 1.7% compared to the same quarter last year. Analysts predict that Veralto Co. will post 3.34 earnings per share for the current year.

Veralto Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 30th. Stockholders of record on Thursday, March 28th were given a dividend of $0.09 per share. The ex-dividend date was Wednesday, March 27th. This represents a $0.36 annualized dividend and a dividend yield of 0.38%. Veralto's dividend payout ratio is currently 10.03%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on VLTO shares. BNP Paribas started coverage on Veralto in a research note on Tuesday, March 12th. They issued an "outperform" rating and a $103.00 target price for the company. Stifel Nicolaus lifted their target price on Veralto from $92.00 to $97.00 and gave the company a "buy" rating in a research note on Wednesday, April 17th. BMO Capital Markets lifted their target price on Veralto from $97.00 to $101.00 and gave the company an "outperform" rating in a research note on Thursday, April 25th. Citigroup lifted their price objective on Veralto from $89.00 to $94.00 and gave the stock a "neutral" rating in a research note on Monday, April 8th. Finally, Argus started coverage on Veralto in a report on Tuesday, January 9th. They issued a "buy" rating and a $90.00 price objective for the company. Five analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, Veralto presently has an average rating of "Moderate Buy" and a consensus price target of $95.18.

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.

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