O Brien Greene & Co. Inc bought a new position in Veralto Co. (NYSE:VLTO - Free Report) in the 4th quarter, according to its most recent disclosure with the SEC. The firm bought 50,349 shares of the company's stock, valued at approximately $4,142,000.
Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Neville Rodie & Shaw Inc. purchased a new position in Veralto during the 4th quarter valued at about $1,732,000. Anchor Investment Management LLC purchased a new position in Veralto during the 4th quarter valued at about $117,000. Park National Corp OH purchased a new position in Veralto during the 4th quarter valued at about $1,243,000. M&R Capital Management Inc. purchased a new position in Veralto during the 4th quarter valued at about $70,000. Finally, Massmutual Trust Co. FSB ADV purchased a new position in Veralto during the 4th quarter valued at about $285,000. 91.28% of the stock is owned by hedge funds and other institutional investors.
Analyst Ratings Changes
A number of research analysts recently issued reports on VLTO shares. BMO Capital Markets lifted their price target on shares of Veralto from $97.00 to $101.00 and gave the company an "outperform" rating in a research report on Thursday. Royal Bank of Canada lifted 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. Robert W. Baird lifted their target price on shares of Veralto from $90.00 to $98.00 and gave the stock a "neutral" rating in a report on Thursday. The Goldman Sachs Group started 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. Finally, Citigroup lifted their target price on shares of Veralto from $89.00 to $94.00 and gave the stock a "neutral" rating in a report on Monday, April 8th. Five investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat, Veralto has a consensus rating of "Moderate Buy" and a consensus target price of $95.18.
Read Our Latest Analysis on VLTO
Insider Activity at Veralto
In related news, insider Mattias Bystrom sold 500 shares of the business'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 completion of the sale, the insider now directly owns 30,310 shares in the company, valued at $2,609,691. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.31% of the stock is currently owned by company insiders.
Veralto Stock Performance
Shares of VLTO stock traded up $0.33 during trading hours on Friday, reaching $94.12. The company had a trading volume of 1,151,386 shares, compared to its average volume of 1,946,553. The business has a fifty day moving average price of $88.53 and a 200-day moving average price of $80.40. Veralto Co. has a one year low of $65.51 and a one year high of $95.40. The company has a debt-to-equity ratio of 1.76, a quick ratio of 1.40 and a current ratio of 1.83.
Veralto (NYSE:VLTO - Get Free Report) last announced its quarterly earnings results on Tuesday, April 23rd. The company reported $0.84 EPS for the quarter, topping analysts' consensus estimates of $0.76 by $0.08. The company had revenue of $1.25 billion during the quarter, compared to the consensus estimate of $1.23 billion. The company's revenue was up 1.7% compared to the same quarter last year. Research analysts forecast that Veralto Co. will post 3.3 earnings per share for the current fiscal year.
Veralto Announces Dividend
The firm also recently announced 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. The ex-dividend date of this dividend is Wednesday, March 27th. This represents a $0.36 annualized dividend and a yield of 0.38%.
Veralto 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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