Hamilton Point Investment Advisors LLC Purchases New Shares in Veralto Co. (NYSE:VLTO)

Hamilton Point Investment Advisors LLC purchased a new stake in Veralto Co. (NYSE:VLTO - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 13,472 shares of the company's stock, valued at approximately $1,109,000.

A number of other institutional investors have also recently added to or reduced their stakes in VLTO. Impax Asset Management Group plc purchased a new position in Veralto in the 4th quarter valued at $347,827,000. Vontobel Holding Ltd. purchased a new position in Veralto in the 4th quarter valued at $60,495,000. DekaBank Deutsche Girozentrale purchased a new position in Veralto in the 4th quarter valued at $59,869,000. Sumitomo Mitsui Trust Holdings Inc. purchased a new position in Veralto in the 4th quarter valued at $47,229,000. Finally, New York State Teachers Retirement System purchased a new position in Veralto in the 4th quarter valued at $19,498,000. Institutional investors and hedge funds own 91.28% of the company's stock.

Insider Buying and Selling at Veralto

In other news, insider Mattias Bystrom sold 500 shares of the business'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 transaction, the insider now directly owns 30,310 shares of the company's stock, valued at $2,609,691. The sale was disclosed in a filing with the SEC, which is accessible through this link. 0.31% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several research analysts have recently commented on the company. BMO Capital Markets assumed coverage on Veralto in a report on Tuesday, February 27th. They set an "outperform" rating and a $97.00 price target on the stock. Argus assumed coverage on Veralto in a report on Tuesday, January 9th. They set a "buy" rating and a $90.00 price target on the stock. Citigroup lifted their price target on Veralto from $89.00 to $94.00 and gave the stock a "neutral" rating in a report on Monday, April 8th. BNP Paribas assumed coverage on Veralto in a report on Tuesday, March 12th. They set an "outperform" rating and a $103.00 price target on the stock. Finally, Deutsche Bank Aktiengesellschaft started coverage on Veralto in a report on Wednesday, January 10th. They set a "hold" rating and a $79.00 price target on the stock. Five equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $92.00.

Veralto Stock Performance

NYSE VLTO traded up $2.49 during trading on Monday, hitting $89.86. The stock had a trading volume of 2,158,224 shares, compared to its average volume of 1,504,473. The company has a debt-to-equity ratio of 1.89, a current ratio of 1.64 and a quick ratio of 1.40. The business's 50 day moving average is $86.68. Veralto Co. has a twelve month low of $65.51 and a twelve month high of $90.77.

Veralto (NYSE:VLTO - Get Free Report) last released its earnings results on Tuesday, February 6th. The company reported $0.87 earnings per share for the quarter, beating the consensus estimate of $0.80 by $0.07. The firm 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 period in the prior year, the firm earned $0.80 earnings per share. As a group, analysts anticipate that Veralto Co. will post 3.26 EPS for the current 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 given a $0.09 dividend. This represents a $0.36 annualized dividend and a yield of 0.40%. The ex-dividend date is Wednesday, March 27th.

Veralto 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.

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