Ramsay Stattman Vela & Price Inc. Purchases New Position in Veralto Co. (NYSE:VLTO)

Ramsay Stattman Vela & Price Inc. purchased a new stake in shares of Veralto Co. (NYSE:VLTO - Free Report) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm purchased 17,737 shares of the company's stock, valued at approximately $1,459,000.

Several other institutional investors also recently modified their holdings of the stock. Sugarloaf Wealth Management LLC purchased a new stake in Veralto during the fourth quarter valued at about $25,000. First Command Advisory Services Inc. bought a new stake in Veralto in the 4th quarter worth approximately $25,000. Blue Trust Inc. bought a new stake in Veralto in the 4th quarter worth approximately $26,000. Dougherty Wealth Advisers LLC purchased a new stake in Veralto in the fourth quarter worth approximately $27,000. Finally, Livforsakringsbolaget Skandia Omsesidigt bought a new position in Veralto during the fourth quarter valued at approximately $27,000. 91.28% of the stock is currently owned by institutional investors.

Veralto Stock Up 0.1 %

NYSE:VLTO traded up $0.09 during trading hours on Friday, hitting $88.89. The company had a trading volume of 5,196,762 shares, compared to its average volume of 1,559,998. The company has a debt-to-equity ratio of 1.89, a quick ratio of 1.40 and a current ratio of 1.64. The stock has a 50-day moving average price of $87.68 and a 200 day moving average price of $79.82. Veralto Co. has a 52 week low of $65.51 and a 52 week high of $92.15.

Veralto (NYSE:VLTO - Get Free Report) last announced its earnings results on Tuesday, February 6th. The company reported $0.87 earnings per share for the quarter, beating analysts' consensus estimates of $0.80 by $0.07. The company had revenue of $1.29 billion for the quarter, compared to the consensus estimate of $1.25 billion. During the same period in the previous year, the firm posted $0.80 EPS. The company's revenue for the quarter was up 3.2% on a year-over-year basis. Equities analysts anticipate that Veralto Co. will post 3.26 earnings per share for the current year.

Veralto Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 30th. Stockholders of record on Thursday, March 28th will be paid a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a dividend yield of 0.40%. The ex-dividend date of this dividend is Wednesday, March 27th.

Insider Activity at Veralto

In other news, insider Mattias Bystrom sold 500 shares of the company's stock in a transaction dated Friday, February 16th. The shares were sold at an average price of $86.10, for a total value of $43,050.00. Following the sale, the insider now directly 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 Securities & Exchange Commission, which can be accessed through this link. 0.31% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the stock. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Veralto in a research note on Wednesday, January 10th. They issued a "hold" rating and a $79.00 price objective for the company. Argus started coverage on Veralto in a research note on Tuesday, January 9th. They set a "buy" rating and a $90.00 price objective on the stock. The Goldman Sachs Group started coverage on Veralto in a research note on Friday, March 22nd. They issued a "buy" rating and a $104.00 target price for the company. Citigroup raised their price target on Veralto from $89.00 to $94.00 and gave the stock a "neutral" rating in a research report on Monday, April 8th. Finally, BNP Paribas began coverage on Veralto in a research report on Tuesday, March 12th. They issued an "outperform" rating and a $103.00 price objective for the company. 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, Veralto presently has an average rating of "Moderate Buy" and a consensus target price of $93.36.

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.