Yousif Capital Management LLC Buys Shares of 29,246 Veralto Co. (NYSE:VLTO)

Yousif Capital Management LLC bought a new position in Veralto Co. (NYSE:VLTO) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 29,246 shares of the company’s stock, valued at approximately $2,406,000.

Other hedge funds also recently modified their holdings of the company. Neville Rodie & Shaw Inc. acquired a new position in Veralto during the fourth quarter worth $1,732,000. Anchor Investment Management LLC bought a new position in shares of Veralto in the 4th quarter valued at approximately $117,000. Park National Corp OH bought a new position in shares of Veralto in the 4th quarter valued at approximately $1,243,000. M&R Capital Management Inc. acquired a new stake in Veralto in the 4th quarter worth approximately $70,000. Finally, Massmutual Trust Co. FSB ADV bought a new stake in Veralto during the fourth quarter worth approximately $285,000. Institutional investors and hedge funds own 91.28% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on VLTO shares. The Goldman Sachs Group initiated coverage on shares of Veralto in a research note on Friday, March 22nd. They issued a “buy” rating and a $104.00 price objective for the company. Citigroup boosted their target price on shares of Veralto from $89.00 to $94.00 and gave the stock a “neutral” rating in a research report on Monday, April 8th. Royal Bank of Canada raised their price target on Veralto from $78.00 to $91.00 and gave the company a “sector perform” rating in a research report on Thursday, February 8th. Deutsche Bank Aktiengesellschaft started coverage on Veralto in a research report on Wednesday, January 10th. They set a “hold” rating and a $79.00 price objective for the company. Finally, BMO Capital Markets raised their target price on Veralto from $97.00 to $101.00 and gave the company an “outperform” rating in a report on Thursday, April 25th. Five equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $95.18.

Veralto Trading Up 0.8 %

Veralto stock opened at $94.91 on Tuesday. Veralto Co. has a 12 month low of $65.51 and a 12 month high of $95.56. The business has a 50 day moving average price of $88.71 and a two-hundred day moving average price of $80.59. The company has a quick ratio of 1.56, a current ratio of 1.83 and a debt-to-equity ratio of 1.76.

Veralto (NYSE:VLTO) last issued its earnings results on Tuesday, April 23rd. The company reported $0.84 EPS for the quarter, beating analysts’ consensus estimates of $0.76 by $0.08. The firm had revenue of $1.25 billion during the quarter, compared to analyst estimates of $1.23 billion. The business’s revenue for the quarter was up 1.7% compared to the same quarter last year. Equities research analysts predict that Veralto Co. will post 3.34 earnings per share for the current year.

Veralto Dividend Announcement

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 dividend of $0.09 per share. The ex-dividend date is Wednesday, March 27th. This represents a $0.36 annualized dividend and a dividend yield of 0.38%.

Insider Activity at Veralto

In other Veralto news, SVP Melissa Aquino sold 8,041 shares of the firm’s stock in a transaction dated Friday, April 26th. The shares were sold at an average price of $93.56, for a total transaction of $752,315.96. Following the completion of the transaction, the senior vice president now owns 20,761 shares in the company, valued at $1,942,399.16. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other Veralto news, SVP Melissa Aquino sold 8,041 shares of Veralto stock in a transaction on Friday, April 26th. The stock was sold at an average price of $93.56, for a total transaction of $752,315.96. Following the completion of the transaction, the senior vice president now directly owns 20,761 shares of the company’s stock, valued at $1,942,399.16. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Mattias Bystrom sold 500 shares of the company’s stock in a transaction dated Friday, February 16th. The stock was 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 directly owns 30,310 shares in the company, valued at approximately $2,609,691. The disclosure for this sale can be found here. 0.31% of the stock is currently owned by insiders.

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.