SG Americas Securities LLC Takes Position in Veralto Co. (NYSE:VLTO)

SG Americas Securities LLC bought a new stake in Veralto Co. (NYSE:VLTOFree Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 8,865 shares of the company’s stock, valued at approximately $729,000.

A number of other institutional investors also recently modified their holdings of VLTO. Neville Rodie & Shaw Inc. bought a new stake in shares of Veralto in the fourth quarter valued at about $1,732,000. Anchor Investment Management LLC bought a new stake in Veralto during the fourth quarter worth about $117,000. Park National Corp OH bought a new stake in Veralto during the fourth quarter worth about $1,243,000. M&R Capital Management Inc. bought a new stake in Veralto during the fourth quarter worth about $70,000. Finally, Massmutual Trust Co. FSB ADV bought a new stake in Veralto during the fourth quarter worth about $285,000. Institutional investors own 91.28% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on VLTO shares. BNP Paribas started coverage on shares of Veralto in a research report on Tuesday, March 12th. They set an “outperform” rating and a $103.00 price objective for the company. Wolfe Research started coverage on shares of Veralto in a research report on Wednesday, December 13th. They set a “peer perform” rating for the company. Stifel Nicolaus cut their price objective on shares of Veralto from $83.00 to $82.00 and set a “buy” rating for the company in a research report on Tuesday, January 23rd. The Goldman Sachs Group initiated coverage on shares of Veralto in a report on Friday, March 22nd. They issued a “buy” rating and a $104.00 target price for the company. Finally, Royal Bank of Canada increased their target price on shares of Veralto from $78.00 to $91.00 and gave the stock a “sector perform” rating in a report on Thursday, February 8th. Five investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $91.36.

Get Our Latest Report on VLTO

Veralto Stock Down 1.1 %

Veralto stock opened at $86.59 on Wednesday. The firm has a 50 day moving average price of $85.00. Veralto Co. has a 1 year low of $65.51 and a 1 year high of $90.69. The company has a debt-to-equity ratio of 1.89, a current ratio of 1.64 and a quick ratio of 1.40.

Veralto (NYSE:VLTOGet Free Report) last released its quarterly earnings data on Tuesday, February 6th. The company reported $0.87 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.80 by $0.07. The firm had revenue of $1.29 billion during the quarter, compared to analyst estimates of $1.25 billion. During the same period in the prior year, the company earned $0.80 EPS. The business’s quarterly revenue was up 3.2% compared to the same quarter last year. On average, sell-side analysts anticipate that Veralto Co. will post 3.26 EPS for the current year.

Veralto Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 30th. Stockholders of record on Thursday, March 28th will be paid a $0.09 dividend. This represents a $0.36 annualized dividend and a dividend yield of 0.42%. The ex-dividend date is Wednesday, March 27th.

Insider Buying and Selling at Veralto

In other Veralto news, insider Mattias Bystrom sold 500 shares of the stock in a transaction that occurred on Friday, February 16th. The shares were sold at an average price of $86.10, for a total transaction of $43,050.00. Following the completion of the sale, the insider now owns 30,310 shares of the company’s stock, valued at approximately $2,609,691. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

About Veralto

(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.

Further Reading

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Institutional Ownership by Quarter for Veralto (NYSE:VLTO)

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