3,557 Shares in Veralto Co. (NYSE:VLTO) Acquired by Valeo Financial Advisors LLC

Valeo Financial Advisors LLC acquired a new stake in Veralto Co. (NYSE:VLTO) during the fourth quarter, HoldingsChannel.com reports. The fund acquired 3,557 shares of the company’s stock, valued at approximately $293,000.

Other institutional investors have also modified their holdings of the company. Cerity Partners LLC acquired a new position in shares of Veralto in the 4th quarter valued at $4,610,000. Sandy Spring Bank acquired a new stake in shares of Veralto in the 4th quarter valued at about $1,582,000. Mutual of America Capital Management LLC purchased a new position in Veralto during the 4th quarter worth approximately $5,057,000. Financial Counselors Inc. purchased a new stake in Veralto in the fourth quarter valued at approximately $529,000. Finally, Harbor Investment Advisory LLC acquired a new stake in shares of Veralto in the fourth quarter valued at approximately $224,000. 91.28% of the stock is owned by hedge funds and other institutional investors.

Veralto Stock Up 2.8 %

VLTO stock opened at $89.86 on Tuesday. The company has a 50 day moving average of $86.97. The company has a debt-to-equity ratio of 1.89, a quick ratio of 1.40 and a current ratio of 1.64. Veralto Co. has a 1 year low of $65.51 and a 1 year high of $90.77.

Veralto (NYSE:VLTO) last issued 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 company had revenue of $1.29 billion during the quarter, compared to analysts’ expectations of $1.25 billion. During the same quarter in the prior year, the company earned $0.80 earnings per share. The firm’s revenue 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 company also recently announced a quarterly dividend, which will be paid on Tuesday, April 30th. Shareholders of record on Thursday, March 28th will be paid 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%.

Insider Buying and Selling at Veralto

In other news, insider Mattias Bystrom sold 500 shares of the firm’s stock in a transaction on Friday, February 16th. The stock was sold at an average price of $86.10, for a total transaction of $43,050.00. Following the sale, the insider now owns 30,310 shares in the company, valued at $2,609,691. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.31% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several analysts recently commented on the stock. Royal Bank of Canada upped their price target on shares of Veralto from $78.00 to $91.00 and gave the company a “sector perform” rating in a research report on Thursday, February 8th. Argus began coverage on shares of Veralto in a research note on Tuesday, January 9th. They set a “buy” rating and a $90.00 target price for the company. Deutsche Bank Aktiengesellschaft began coverage on Veralto in a research report on Wednesday, January 10th. They issued a “hold” rating and a $79.00 price target on the stock. Citigroup boosted their target price on Veralto from $89.00 to $94.00 and gave the company a “neutral” rating in a report on Monday, April 8th. Finally, BMO Capital Markets began coverage on shares of Veralto in a research report on Tuesday, February 27th. They issued an “outperform” rating and a $97.00 price objective on the stock. Five analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $92.00.

About Veralto

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.