Hikari Power Ltd bought a new stake in Veralto Co. (NYSE:VLTO - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 53,606 shares of the company's stock, valued at approximately $4,410,000.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Sugarloaf Wealth Management LLC purchased a new position in Veralto in the fourth quarter valued at about $25,000. Blue Trust Inc. purchased a new position in Veralto in the fourth quarter valued at about $26,000. Dougherty Wealth Advisers LLC bought a new stake in shares of Veralto during the 4th quarter worth about $27,000. Pinnacle Bancorp Inc. bought a new stake in shares of Veralto during the 4th quarter worth about $29,000. Finally, Gradient Investments LLC boosted its stake in shares of Veralto by 2,678.6% during the 4th quarter. Gradient Investments LLC now owns 389 shares of the company's stock worth $32,000 after acquiring an additional 375 shares in the last quarter. Hedge funds and other institutional investors own 91.28% of the company's stock.
Insider Buying and Selling at Veralto
In other Veralto news, insider Mattias Bystrom sold 500 shares of the company's stock in a transaction that occurred 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 transaction, the insider now owns 30,310 shares of the company's stock, valued at approximately $2,609,691. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 0.31% of the company's stock.
Veralto Stock Down 0.4 %
NYSE:VLTO traded down $0.34 during mid-day trading on Wednesday, hitting $90.55. 2,264,370 shares of the company's stock traded hands, compared to its average volume of 1,522,760. The firm has a 50 day moving average of $87.42 and a two-hundred day moving average of $79.66. The company has a debt-to-equity ratio of 1.89, a current ratio of 1.64 and a quick ratio of 1.40. Veralto Co. has a 12 month low of $65.51 and a 12 month high of $92.15.
Veralto (NYSE:VLTO - Get Free Report) last posted its quarterly earnings results on Tuesday, February 6th. The company reported $0.87 EPS 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 company's revenue was up 3.2% on a year-over-year basis. During the same period last year, the company earned $0.80 EPS. Equities analysts expect that Veralto Co. will post 3.26 earnings per share for the current year.
Veralto Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 30th. Shareholders of record on Thursday, March 28th will be issued a $0.09 dividend. The ex-dividend date is Wednesday, March 27th. This represents a $0.36 annualized dividend and a yield of 0.40%.
Analysts Set New Price Targets
Several analysts have recently issued reports on the company. The Goldman Sachs Group assumed coverage on Veralto in a research note on Friday, March 22nd. They set a "buy" rating and a $104.00 price target for the company. Stifel Nicolaus upped their price target on Veralto from $92.00 to $97.00 and gave the stock a "buy" rating in a research note on Wednesday. BNP Paribas assumed coverage on Veralto in a research note on Tuesday, March 12th. They set an "outperform" rating and a $103.00 price target for the company. Argus assumed coverage on Veralto in a research note on Tuesday, January 9th. They set a "buy" rating and a $90.00 price target for the company. Finally, Citigroup upped their price target on Veralto from $89.00 to $94.00 and gave the stock a "neutral" rating in a research note on Monday, April 8th. Five investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company's stock. According to MarketBeat, Veralto currently has a consensus rating of "Moderate Buy" and an average target price of $93.36.
Read Our Latest Stock Analysis on Veralto
Veralto Company Profile
(
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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