Coastline Trust Co Makes New $335,000 Investment in Veralto Co. (NYSE:VLTO)

Coastline Trust Co bought a new position in shares of Veralto Co. (NYSE:VLTO) during the second quarter, HoldingsChannel.com reports. The firm bought 3,511 shares of the company’s stock, valued at approximately $335,000.

A number of other institutional investors and hedge funds have also recently made changes to their positions in VLTO. International Assets Investment Management LLC acquired a new position in shares of Veralto during the 4th quarter worth approximately $3,241,000. Allworth Financial LP acquired a new stake in shares of Veralto during the 4th quarter worth approximately $77,000. Prime Capital Investment Advisors LLC acquired a new stake in shares of Veralto during the 4th quarter worth approximately $429,000. Mirae Asset Global Investments Co. Ltd. acquired a new stake in shares of Veralto during the 4th quarter worth approximately $3,061,000. Finally, Nisa Investment Advisors LLC acquired a new stake in shares of Veralto during the 4th quarter worth approximately $4,858,000. Institutional investors and hedge funds own 91.28% of the company’s stock.

Insider Activity at Veralto

In related news, SVP Surekha Trivedi sold 753 shares of the business’s stock in a transaction on Thursday, August 1st. The shares were sold at an average price of $106.72, for a total value of $80,360.16. Following the transaction, the senior vice president now owns 12,671 shares in the company, valued at $1,352,249.12. The transaction was disclosed in a document filed with the SEC, which is available through this link. In related news, SVP Surekha Trivedi sold 753 shares of the business’s stock in a transaction on Thursday, August 1st. The shares were sold at an average price of $106.72, for a total value of $80,360.16. Following the transaction, the senior vice president now owns 12,671 shares in the company, valued at $1,352,249.12. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, SVP Mattias Bystrom sold 302 shares of the business’s stock in a transaction on Thursday, May 23rd. The shares were sold at an average price of $100.38, for a total transaction of $30,314.76. Following the completion of the transaction, the senior vice president now owns 34,045 shares in the company, valued at approximately $3,417,437.10. The disclosure for this sale can be found here. Insiders have sold a total of 4,055 shares of company stock worth $428,345 over the last quarter. Company insiders own 0.31% of the company’s stock.

Veralto Trading Up 0.3 %

Shares of NYSE:VLTO traded up $0.33 during mid-day trading on Monday, reaching $106.43. 267,284 shares of the company’s stock were exchanged, compared to its average volume of 1,573,571. The firm has a market capitalization of $26.30 billion and a price-to-earnings ratio of 32.05. The business’s fifty day moving average price is $100.07 and its 200-day moving average price is $93.22. The company has a debt-to-equity ratio of 1.56, a quick ratio of 1.70 and a current ratio of 1.96. Veralto Co. has a twelve month low of $65.51 and a twelve month high of $107.86.

Veralto (NYSE:VLTO) last issued its quarterly earnings results on Thursday, July 25th. The company reported $0.85 EPS for the quarter, topping analysts’ consensus estimates of $0.80 by $0.05. The company had revenue of $1.29 billion for the quarter, compared to analyst estimates of $1.28 billion. Veralto had a net margin of 15.60% and a return on equity of 58.82%. Veralto’s revenue was up 2.8% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.80 earnings per share. On average, research analysts predict that Veralto Co. will post 3.45 EPS for the current fiscal year.

Veralto Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, July 31st. Investors of record on Friday, June 28th were issued a $0.09 dividend. The ex-dividend date was Friday, June 28th. This represents a $0.36 annualized dividend and a yield of 0.34%.

Analysts Set New Price Targets

Several analysts recently issued reports on the stock. Stifel Nicolaus increased their price target on shares of Veralto from $110.00 to $117.00 and gave the stock a “buy” rating in a research report on Monday, July 29th. BMO Capital Markets increased 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. Royal Bank of Canada increased their price target on shares of Veralto from $101.00 to $108.00 and gave the stock a “sector perform” rating in a research report on Monday, July 29th. The Goldman Sachs Group raised their target price on shares of Veralto from $104.00 to $116.00 and gave the company a “buy” rating in a research report on Monday, July 29th. Finally, TD Cowen raised their target price on shares of Veralto from $95.00 to $100.00 and gave the company a “hold” rating in a research report on Tuesday, July 30th. Six equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $103.33.

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.