Lincoln Capital LLC Sells 576 Shares of Veralto Corporation $VLTO

by · The Cerbat Gem

Lincoln Capital LLC lowered its stake in shares of Veralto Corporation (NYSE:VLTO – Free Report) by 2.3% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 23,993 shares of the company’s stock after selling 576 shares during the period. Lincoln Capital LLC’s holdings in Veralto were worth $2,140,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Bernard Wealth Management Corp. acquired a new position in Veralto in the fourth quarter valued at about $30,000. Opal Wealth Advisors LLC acquired a new position in shares of Veralto in the 1st quarter valued at approximately $45,000. Grove Bank & Trust increased its stake in Veralto by 198.2% during the 1st quarter. Grove Bank & Trust now owns 510 shares of the company’s stock worth $50,000 after purchasing an additional 339 shares in the last quarter. Global Financial Private Client LLC increased its stake in Veralto by 95.1% during the 1st quarter. Global Financial Private Client LLC now owns 593 shares of the company’s stock worth $58,000 after purchasing an additional 289 shares in the last quarter. Finally, Putney Financial Group LLC acquired a new stake in Veralto during the 4th quarter worth approximately $60,000. 91.28% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, SVP Surekha Trivedi sold 848 shares of the stock in a transaction dated Monday, June 2nd. The shares were sold at an average price of $100.55, for a total transaction of $85,266.40. Following the transaction, the senior vice president owned 8,433 shares of the company’s stock, valued at $847,938.15. This represents a 9.14% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.36% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the stock. Robert W. Baird raised their target price on shares of Veralto from $106.00 to $112.00 and gave the company a “neutral” rating in a research report on Wednesday, July 30th. Northcoast Research started coverage on Veralto in a report on Tuesday, May 6th. They set a “buy” rating and a $110.00 target price on the stock. Stifel Nicolaus set a $120.00 price target on Veralto and gave the stock a “buy” rating in a research report on Wednesday, July 30th. Royal Bank Of Canada increased their price objective on Veralto from $104.00 to $108.00 and gave the company a “sector perform” rating in a report on Wednesday, July 30th. Finally, Wolfe Research raised shares of Veralto from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, July 30th. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $113.43.

View Our Latest Report on VLTO

Veralto Trading Down 0.5%

Shares of VLTO stock opened at $107.14 on Monday. The stock has a 50-day moving average of $102.60 and a 200-day moving average of $98.87. The company has a current ratio of 2.32, a quick ratio of 2.06 and a debt-to-equity ratio of 1.00. The stock has a market cap of $26.59 billion, a price-to-earnings ratio of 29.93, a PEG ratio of 3.53 and a beta of 0.91. Veralto Corporation has a 1-year low of $83.86 and a 1-year high of $115.00.

Veralto (NYSE:VLTO – Get Free Report) last announced its earnings results on Monday, July 28th. The company reported $0.93 earnings per share for the quarter, topping analysts’ consensus estimates of $0.89 by $0.04. The business had revenue of $1.37 billion during the quarter, compared to the consensus estimate of $1.34 billion. Veralto had a net margin of 16.65% and a return on equity of 41.45%. Veralto’s quarterly revenue was up 6.4% on a year-over-year basis. During the same quarter last year, the firm earned $0.85 earnings per share. On average, equities research analysts forecast that Veralto Corporation will post 3.66 earnings per share for the current year.

Veralto Company Profile

(Free Report)

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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