Kirr Marbach & Co. LLC IN bought a new position in shares of Veralto Co. (NYSE:VLTO - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund bought 78,464 shares of the company's stock, valued at approximately $6,462,000. Veralto accounts for about 1.7% of Kirr Marbach & Co. LLC IN's holdings, making the stock its 25th largest holding.
A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Impax Asset Management Group plc acquired a new stake in shares of Veralto during the fourth quarter worth $347,827,000. Vontobel Holding Ltd. acquired a new stake in Veralto in the 4th quarter worth about $60,495,000. DekaBank Deutsche Girozentrale bought a new stake in Veralto in the 4th quarter valued at about $59,869,000. Sumitomo Mitsui Trust Holdings Inc. acquired a new position in shares of Veralto during the 4th quarter worth approximately $47,229,000. Finally, New York State Teachers Retirement System bought a new position in shares of Veralto during the fourth quarter worth approximately $19,498,000. Institutional investors and hedge funds own 91.28% of the company's stock.
Insider Activity
In other news, insider Mattias Bystrom sold 500 shares of the firm's stock in a transaction on Friday, February 16th. The shares were 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 owns 30,310 shares of the company's stock, valued at $2,609,691. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.31% of the stock is currently owned by insiders.
Analyst Upgrades and Downgrades
A number of equities research analysts recently issued reports on VLTO shares. Argus started coverage on Veralto in a research report on Tuesday, January 9th. They set a "buy" rating and a $90.00 price target on the stock. Deutsche Bank Aktiengesellschaft began coverage on shares of Veralto in a research report on Wednesday, January 10th. They set a "hold" rating and a $79.00 price objective for the company. Citigroup increased their price objective on shares of Veralto from $89.00 to $94.00 and gave the stock a "neutral" rating in a research note on Monday, April 8th. BNP Paribas assumed coverage on shares of Veralto in a research report on Tuesday, March 12th. They issued an "outperform" rating and a $103.00 target price for the company. Finally, Stifel Nicolaus reduced their price target on shares of Veralto from $83.00 to $82.00 and set a "buy" rating on the stock in a research report on Tuesday, January 23rd. Five analysts have rated the stock with a hold rating and seven have given a buy rating to the company's stock. According to data from MarketBeat.com, Veralto has an average rating of "Moderate Buy" and an average target price of $92.00.
Check Out Our Latest Stock Report on Veralto
Veralto Stock Up 1.1 %
NYSE:VLTO traded up $1.02 on Tuesday, hitting $90.88. The company had a trading volume of 2,097,721 shares, compared to its average volume of 1,512,052. Veralto Co. has a 52 week low of $65.51 and a 52 week high of $91.37. 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 firm has a 50 day moving average of $87.23 and a two-hundred day moving average of $79.58.
Veralto (NYSE:VLTO - Get Free Report) last announced its quarterly earnings results on Tuesday, February 6th. The company reported $0.87 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.80 by $0.07. The company had revenue of $1.29 billion for the quarter, compared to analyst estimates of $1.25 billion. During the same quarter last year, the company posted $0.80 earnings per share. The firm's quarterly revenue was up 3.2% on a year-over-year basis. As a group, sell-side analysts expect that Veralto Co. will post 3.26 EPS for the current year.
Veralto Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 30th. Stockholders of record on Thursday, March 28th will be issued a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a dividend yield of 0.40%. The ex-dividend date of this dividend is Wednesday, March 27th.
About Veralto
(
Free Report)
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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