OLD National Bancorp IN bought a new stake in shares of Veralto Co. (NYSE:VLTO - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 10,652 shares of the company's stock, valued at approximately $876,000.
Other large investors have also recently bought and sold shares of the company. Impax Asset Management Group plc acquired a new position in shares of Veralto in the 4th quarter worth approximately $347,827,000. abrdn plc acquired a new position in shares of Veralto in the 4th quarter worth approximately $80,959,000. Vontobel Holding Ltd. acquired a new position in shares of Veralto in the 4th quarter worth approximately $60,495,000. DekaBank Deutsche Girozentrale acquired a new position in shares of Veralto in the 4th quarter worth approximately $59,869,000. Finally, Sumitomo Mitsui Trust Holdings Inc. acquired a new position in shares of Veralto in the 4th quarter worth approximately $47,229,000. Institutional investors and hedge funds own 91.28% of the company's stock.
Analyst Ratings Changes
Several equities analysts have recently issued reports on VLTO shares. Citigroup lifted 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. Royal Bank of Canada raised their target price on shares of Veralto from $78.00 to $91.00 and gave the stock a "sector perform" rating in a report on Thursday, February 8th. The Goldman Sachs Group initiated coverage on shares of Veralto in a report on Friday, March 22nd. They issued a "buy" rating and a $104.00 target price for the company. Stifel Nicolaus raised their target price on shares of Veralto from $92.00 to $97.00 and gave the stock a "buy" rating in a report on Wednesday, April 17th. Finally, BMO Capital Markets initiated coverage on shares of Veralto in a report on Tuesday, February 27th. They issued an "outperform" rating and a $97.00 target price for the company. Five research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat, Veralto has a consensus rating of "Moderate Buy" and an average target price of $93.36.
Read Our Latest Stock Report on VLTO
Veralto Stock Down 1.4 %
Shares of VLTO stock traded down $1.32 during trading on Wednesday, hitting $92.40. 3,344,383 shares of the company were exchanged, compared to its average volume of 1,622,528. 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 business's 50-day simple moving average is $88.23 and its 200 day simple moving average is $80.13. Veralto Co. has a twelve month low of $65.51 and a twelve month high of $95.40.
Veralto (NYSE:VLTO - Get Free Report) last posted its quarterly earnings results on Tuesday, April 23rd. The company reported $0.84 EPS for the quarter, topping the consensus estimate of $0.76 by $0.08. The company had revenue of $1.25 billion for the quarter, compared to analyst estimates of $1.23 billion. The business's quarterly revenue was up 1.7% compared to the same quarter last year. On average, equities analysts forecast that Veralto Co. will post 3.26 EPS for the current fiscal year.
Veralto Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 30th. Investors of record on Thursday, March 28th will be given a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a yield of 0.39%. The ex-dividend date of this dividend is Wednesday, March 27th.
Insider Activity at Veralto
In related news, insider Mattias Bystrom sold 500 shares of the firm's stock in a transaction that occurred 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 transaction, the insider now owns 30,310 shares of the company's stock, valued at $2,609,691. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 0.31% of the company's stock.
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.
Featured Stories
Before you consider Veralto, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Veralto wasn't on the list.
While Veralto currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Looking to avoid the hassle of mudslinging, volatility, and uncertainty? You'd need to be out of the market, which isn’t viable. So where should investors put their money? Find out with this report.
Get This Free Report
