13,200 Shares in Veralto Co. (NYSE:VLTO) Acquired by Louisiana State Employees Retirement System

Louisiana State Employees Retirement System purchased a new position in Veralto Co. (NYSE:VLTO) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 13,200 shares of the company’s stock, valued at approximately $1,086,000.

Other hedge funds have also made changes to their positions in the company. Sugarloaf Wealth Management LLC bought a new stake in shares of Veralto in the 4th quarter worth approximately $25,000. Blue Trust Inc. acquired a new stake in Veralto in the 4th quarter valued at approximately $26,000. Dougherty Wealth Advisers LLC acquired a new stake in Veralto in the 4th quarter valued at approximately $27,000. Pinnacle Bancorp Inc. acquired a new stake in Veralto in the 4th quarter valued at approximately $29,000. Finally, Gradient Investments LLC increased its position in Veralto by 2,678.6% in the 4th quarter. Gradient Investments LLC now owns 389 shares of the company’s stock valued at $32,000 after acquiring an additional 375 shares during the period. Institutional investors own 91.28% of the company’s stock.

Analyst Upgrades and Downgrades

VLTO has been the topic of several analyst reports. Argus initiated coverage on Veralto in a research report on Tuesday, January 9th. They issued a “buy” rating and a $90.00 target price on the stock. Deutsche Bank Aktiengesellschaft initiated coverage on Veralto in a research report on Wednesday, January 10th. They issued a “hold” rating and a $79.00 target price on the stock. Citigroup raised their target price on Veralto from $89.00 to $94.00 and gave the company a “neutral” rating in a research report on Monday, April 8th. BMO Capital Markets initiated coverage on Veralto in a research report on Tuesday, February 27th. They set an “outperform” rating and a $97.00 price target on the stock. Finally, The Goldman Sachs Group initiated coverage on Veralto in a research report on Friday, March 22nd. They set a “buy” rating and a $104.00 price target on the stock. Five research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $93.36.

Insider Transactions 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 value of $43,050.00. Following the completion of the sale, the insider now owns 30,310 shares of the company’s stock, valued at $2,609,691. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 0.31% of the stock is currently owned by insiders.

Veralto Price Performance

Shares of NYSE VLTO opened at $93.75 on Wednesday. The company has a debt-to-equity ratio of 1.89, a quick ratio of 1.40 and a current ratio of 1.64. The stock’s fifty day simple moving average is $88.06 and its 200 day simple moving average is $80.05. Veralto Co. has a 52-week low of $65.51 and a 52-week high of $93.85.

Veralto (NYSE:VLTO) last issued its earnings results on Tuesday, February 6th. The company reported $0.87 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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. The business’s revenue was up 3.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.80 earnings per share. As a group, sell-side analysts predict that Veralto Co. will post 3.26 earnings per share for the current year.

Veralto Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 30th. Stockholders of record on Thursday, March 28th will be given a $0.09 dividend. The ex-dividend date of this dividend is Wednesday, March 27th. This represents a $0.36 annualized dividend and a dividend yield of 0.38%.

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.