Banque Transatlantique SA Makes New $1.16 Million Investment in Veralto Co. (NYSE:VLTO)

Banque Transatlantique SA acquired a new stake in shares of Veralto Co. (NYSE:VLTO - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 11,413 shares of the company's stock, valued at approximately $1,158,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in VLTO. Bernard Wealth Management Corp. acquired a new position in shares of Veralto during the 4th quarter valued at $25,000. OFI Invest Asset Management acquired a new stake in Veralto in the 4th quarter valued at about $26,000. BankPlus Trust Department bought a new position in shares of Veralto during the 4th quarter valued at about $29,000. Albion Financial Group UT lifted its holdings in shares of Veralto by 2,100.0% during the fourth quarter. Albion Financial Group UT now owns 352 shares of the company's stock valued at $36,000 after purchasing an additional 336 shares during the last quarter. Finally, Geneos Wealth Management Inc. acquired a new stake in shares of Veralto during the fourth quarter valued at approximately $42,000. Institutional investors own 91.28% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on VLTO shares. Northcoast Research started coverage on Veralto in a report on Tuesday. They set a "buy" rating and a $110.00 price target on the stock. Citigroup lowered their target price on Veralto from $116.00 to $100.00 and set a "neutral" rating on the stock in a research note on Monday, April 14th. Royal Bank of Canada boosted their price objective on shares of Veralto from $103.00 to $104.00 and gave the company a "sector perform" rating in a research report on Thursday, May 1st. Robert W. Baird increased their target price on shares of Veralto from $105.00 to $106.00 and gave the stock a "neutral" rating in a research report on Thursday, May 1st. Finally, Stifel Nicolaus increased their price objective on Veralto from $102.00 to $104.00 and gave the stock a "buy" rating in a report on Thursday, May 1st. Six research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $110.09.

Veralto Stock Down 0.3 %

Shares of NYSE VLTO traded down $0.24 during mid-day trading on Tuesday, reaching $95.45. 1,157,343 shares of the company traded hands, compared to its average volume of 1,486,018. The company's fifty day moving average is $94.38 and its two-hundred day moving average is $100.10. Veralto Co. has a fifty-two week low of $83.87 and a fifty-two week high of $115.00. The company has a debt-to-equity ratio of 1.27, a quick ratio of 1.69 and a current ratio of 1.92. The stock has a market cap of $23.66 billion, a PE ratio of 28.58, a price-to-earnings-growth ratio of 4.24 and a beta of 0.99.

Veralto (NYSE:VLTO - Get Free Report) last released its quarterly earnings results on Tuesday, April 29th. The company reported $0.95 EPS for the quarter, beating analysts' consensus estimates of $0.87 by $0.08. Veralto had a net margin of 16.04% and a return on equity of 49.29%. The company had revenue of $1.33 billion for the quarter, compared to analyst estimates of $1.28 billion. During the same quarter last year, the firm posted $0.84 earnings per share. The company's quarterly revenue was up 6.9% compared to the same quarter last year. On average, analysts expect that Veralto Co. will post 3.66 earnings per share for the current year.

Veralto Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 30th. Stockholders of record on Monday, March 31st were given a $0.11 dividend. This represents a $0.44 annualized dividend and a dividend yield of 0.46%. The ex-dividend date was Monday, March 31st. Veralto's dividend payout ratio is currently 12.57%.

Insider Transactions at Veralto

In other Veralto news, SVP Surekha Trivedi sold 590 shares of Veralto stock in a transaction that occurred on Tuesday, February 25th. The stock was sold at an average price of $100.35, for a total value of $59,206.50. Following the transaction, the senior vice president now directly owns 8,470 shares of the company's stock, valued at $849,964.50. The trade was a 6.51 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, SVP Melissa Aquino sold 31,689 shares of the stock in a transaction that occurred on Thursday, May 1st. The shares were sold at an average price of $93.67, for a total value of $2,968,308.63. Following the completion of the sale, the senior vice president now directly owns 17,434 shares of the company's stock, valued at $1,633,042.78. This represents a 64.51 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 64,578 shares of company stock worth $6,192,048. Company insiders own 0.36% of the company's stock.

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.