Cullen Capital Management LLC bought a new position in shares of Veralto Corporation (NYSE:VLTO – Free Report) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 10,547 shares of the company’s stock, valued at approximately $935,000.
A number of other hedge funds have also bought and sold shares of VLTO. Private Advisor Group LLC grew its holdings in shares of Veralto by 0.7% during the third quarter. Private Advisor Group LLC now owns 15,777 shares of the company’s stock valued at $1,682,000 after buying an additional 109 shares during the last quarter. Larson Financial Group LLC raised its stake in Veralto by 18.9% in the 3rd quarter. Larson Financial Group LLC now owns 735 shares of the company’s stock worth $78,000 after acquiring an additional 117 shares during the last quarter. Annis Gardner Whiting Capital Advisors LLC raised its stake in Veralto by 82.2% in the 4th quarter. Annis Gardner Whiting Capital Advisors LLC now owns 286 shares of the company’s stock worth $29,000 after acquiring an additional 129 shares during the last quarter. Valeo Financial Advisors LLC lifted its position in Veralto by 5.0% during the 2nd quarter. Valeo Financial Advisors LLC now owns 2,751 shares of the company’s stock worth $244,000 after acquiring an additional 131 shares during the period. Finally, Nolet Wealth Management LLC lifted its position in Veralto by 1.0% during the 2nd quarter. Nolet Wealth Management LLC now owns 15,277 shares of the company’s stock worth $1,355,000 after acquiring an additional 146 shares during the period. Institutional investors and hedge funds own 91.28% of the company’s stock.
Veralto Price Performance
NYSE:VLTO opened at $99.34 on Tuesday. The firm’s fifty day moving average is $92.92 and its two-hundred day moving average is $90.45. The firm has a market cap of $24.22 billion, a price-to-earnings ratio of 25.09, a PEG ratio of 2.68 and a beta of 0.60. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.61 and a current ratio of 1.78. Veralto Corporation has a one year low of $80.03 and a one year high of $109.86.
Insider Activity
In other Veralto news, CEO Jennifer Honeycutt sold 7,097 shares of the business’s stock in a transaction that occurred on Wednesday, July 29th. The stock was sold at an average price of $101.52, for a total value of $720,487.44. Following the completion of the transaction, the chief executive officer directly owned 124,085 shares of the company’s stock, valued at approximately $12,597,109.20. The trade was a 5.41% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Surekha Trivedi sold 986 shares of the company’s stock in a transaction that occurred on Monday, August 17th. The stock was sold at an average price of $97.05, for a total value of $95,691.30. Following the completion of the sale, the senior vice president owned 8,565 shares in the company, valued at approximately $831,233.25. This represents a 10.32% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders have sold 15,180 shares of company stock worth $1,490,394. 0.43% of the stock is owned by corporate insiders.
Analyst Ratings Changes
A number of research analysts have recently weighed in on VLTO shares. Royal Bank Of Canada increased their price objective on Veralto from $100.00 to $109.00 and gave the company a “sector perform” rating in a report on Thursday, July 30th. UBS Group lifted their target price on Veralto from $98.00 to $104.00 and gave the stock a “neutral” rating in a report on Thursday, July 30th. BNP Paribas Exane reiterated an “outperform” rating and issued a $120.00 target price (up from $115.00) on shares of Veralto in a research report on Thursday, July 30th. Citigroup increased their price target on shares of Veralto from $102.00 to $107.00 and gave the stock a “neutral” rating in a report on Thursday, July 30th. Finally, Wolfe Research reissued an “outperform” rating and set a $109.00 price target on shares of Veralto in a research report on Thursday, July 9th. Six research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $110.90.
View Our Latest Stock Analysis on Veralto
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. This segment provides water solutions, including chemical reagents, services, and digital solutions.
Further Reading
- Five stocks we like better than Veralto
- Visa Just Put Hims & Hers in the Penalty Box—Here’s Why It Matters
- Treasury Yields Are Surging Again: 3 Stocks That Could Feel the Pain
- Snowflake Could Be Headed for New Highs Despite Insider Selling
- MongoDB Is Surging—And the Next Catalyst Is Almost Here
Receive News & Ratings for Veralto Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Veralto and related companies with MarketBeat.com's FREE daily email newsletter.
