Qsemble Capital Management LP Sells 3,473 Shares of Veralto Co. (NYSE:VLTO)

Qsemble Capital Management LP lowered its position in shares of Veralto Co. (NYSE:VLTO) by 15.5% during the third quarter, HoldingsChannel.com reports. The fund owned 19,003 shares of the company’s stock after selling 3,473 shares during the quarter. Qsemble Capital Management LP’s holdings in Veralto were worth $2,126,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Ashton Thomas Securities LLC bought a new stake in shares of Veralto during the 3rd quarter valued at about $25,000. Goodman Advisory Group LLC bought a new position in shares of Veralto during the 2nd quarter worth approximately $26,000. LRI Investments LLC acquired a new stake in shares of Veralto during the 1st quarter worth approximately $30,000. Fairscale Capital LLC bought a new stake in shares of Veralto in the 2nd quarter valued at $30,000. Finally, Hazlett Burt & Watson Inc. increased its stake in shares of Veralto by 11,100.0% in the 2nd quarter. Hazlett Burt & Watson Inc. now owns 336 shares of the company’s stock valued at $32,000 after acquiring an additional 333 shares in the last quarter. 91.28% of the stock is currently owned by institutional investors and hedge funds.

Veralto Stock Up 1.9 %

VLTO opened at $108.48 on Tuesday. Veralto Co. has a fifty-two week low of $72.85 and a fifty-two week high of $115.00. The company has a debt-to-equity ratio of 1.35, a current ratio of 2.13 and a quick ratio of 1.87. The company’s 50-day moving average is $108.08 and its 200 day moving average is $104.59. The firm has a market capitalization of $26.83 billion and a P/E ratio of 33.48.

Veralto (NYSE:VLTO) last announced its earnings results on Wednesday, October 23rd. The company reported $0.89 earnings per share for the quarter, topping analysts’ consensus estimates of $0.85 by $0.04. Veralto had a return on equity of 52.85% and a net margin of 15.69%. The firm had revenue of $1.31 billion for the quarter, compared to the consensus estimate of $1.30 billion. During the same quarter in the previous year, the business earned $0.75 EPS. The company’s revenue was up 4.7% compared to the same quarter last year. Research analysts expect that Veralto Co. will post 3.48 earnings per share for the current fiscal year.

Veralto Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 31st. Investors of record on Friday, September 27th were issued a dividend of $0.09 per share. The ex-dividend date of this dividend was Friday, September 27th. This represents a $0.36 dividend on an annualized basis and a yield of 0.33%. Veralto’s dividend payout ratio (DPR) is presently 11.11%.

Insider Transactions at Veralto

In related news, CEO Jennifer Honeycutt sold 13,191 shares of Veralto stock in a transaction dated Friday, August 30th. The stock was sold at an average price of $111.98, for a total value of $1,477,128.18. Following the completion of the sale, the chief executive officer now owns 138,546 shares of the company’s stock, valued at approximately $15,514,381.08. This trade represents a 8.69 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, SVP Surekha Trivedi sold 753 shares of the company’s stock in a transaction dated Tuesday, October 1st. The shares were sold at an average price of $112.55, for a total transaction of $84,750.15. Following the sale, the senior vice president now directly owns 11,165 shares in the company, valued at approximately $1,256,620.75. This trade represents a 6.32 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 28,639 shares of company stock worth $3,175,803 in the last quarter. Insiders own 0.31% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on VLTO shares. Stifel Nicolaus increased their target price on shares of Veralto from $117.00 to $119.00 and gave the stock a “buy” rating in a research note on Wednesday, October 16th. Deutsche Bank Aktiengesellschaft upped their price target on Veralto from $100.00 to $109.00 and gave the stock a “hold” rating in a research note on Monday, July 29th. Robert W. Baird raised their price objective on Veralto from $98.00 to $112.00 and gave the company a “neutral” rating in a research note on Monday, July 29th. TD Cowen boosted their price target on shares of Veralto from $95.00 to $100.00 and gave the company a “hold” rating in a research note on Tuesday, July 30th. Finally, The Goldman Sachs Group lifted their price objective on shares of Veralto from $104.00 to $116.00 and gave the company a “buy” rating in a report on Monday, July 29th. Seven research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $108.27.

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.