107,799 Shares in Veralto Co. (NYSE:VLTO) Purchased by Mn Services Vermogensbeheer B.V.

Mn Services Vermogensbeheer B.V. bought a new position in shares of Veralto Co. (NYSE:VLTO) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 107,799 shares of the company’s stock, valued at approximately $8,868,000.

A number of other institutional investors have also recently bought and sold shares of VLTO. Impax Asset Management Group plc purchased a new position in Veralto in the 4th quarter worth about $347,827,000. DekaBank Deutsche Girozentrale acquired a new stake in Veralto during the 4th quarter worth about $59,869,000. New York State Teachers Retirement System acquired a new stake in Veralto during the 4th quarter worth about $19,498,000. Defender Capital LLC. acquired a new stake in Veralto during the 4th quarter worth about $12,366,000. Finally, Chevy Chase Trust Holdings LLC acquired a new stake in Veralto during the 4th quarter worth about $11,531,000. Hedge funds and other institutional investors own 91.28% of the company’s stock.

Veralto Stock Performance

VLTO opened at $89.86 on Tuesday. The stock has a 50 day moving average of $86.97. Veralto Co. has a twelve month low of $65.51 and a twelve month high of $90.77. 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:VLTO) last posted its earnings results on Tuesday, February 6th. The company reported $0.87 earnings per share for the quarter, topping the consensus estimate of $0.80 by $0.07. The company had revenue of $1.29 billion during the quarter, compared to analyst estimates of $1.25 billion. During the same quarter last year, the firm posted $0.80 earnings per share. The firm’s revenue for the quarter was up 3.2% compared to the same quarter last year. On average, research analysts expect that Veralto Co. will post 3.26 earnings per share for the current fiscal year.

Veralto Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 30th. Investors of record on Thursday, March 28th will be issued a $0.09 dividend. The ex-dividend date is Wednesday, March 27th. This represents a $0.36 annualized dividend and a yield of 0.40%.

Analysts Set New Price Targets

A number of equities research analysts have commented on VLTO shares. Stifel Nicolaus decreased their price objective on Veralto from $83.00 to $82.00 and set a “buy” rating for the company in a research report on Tuesday, January 23rd. Argus started coverage on Veralto in a research report on Tuesday, January 9th. They set a “buy” rating and a $90.00 price objective for the company. Citigroup raised their price objective on Veralto from $89.00 to $94.00 and gave the stock a “neutral” rating in a research report on Monday, April 8th. BNP Paribas started coverage on Veralto in a research report on Tuesday, March 12th. They set an “outperform” rating and a $103.00 price objective for the company. Finally, BMO Capital Markets started coverage on Veralto in a report on Tuesday, February 27th. They set an “outperform” rating and a $97.00 price target for the company. Five research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat, Veralto currently has an average rating of “Moderate Buy” and a consensus price target of $92.00.

Insider Buying and Selling

In related news, insider Mattias Bystrom sold 500 shares of the business’s stock in a transaction that occurred on Friday, February 16th. The stock was sold at an average price of $86.10, for a total value of $43,050.00. Following the completion of the sale, the insider now directly owns 30,310 shares in the company, valued at approximately $2,609,691. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.31% of the company’s stock.

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.