First National Trust Co Takes $931,000 Position in Veralto Co. (NYSE:VLTO)

First National Trust Co acquired a new stake in Veralto Co. (NYSE:VLTO - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 11,314 shares of the company's stock, valued at approximately $931,000.

Other hedge funds have also recently modified their holdings of the company. VeraBank N.A. acquired a new stake in Veralto during the fourth quarter valued at $257,000. Knuff & Co LLC purchased a new stake in shares of Veralto during the 4th quarter worth about $87,000. M&T Bank Corp acquired a new stake in shares of Veralto during the 4th quarter valued at about $7,597,000. Benjamin F. Edwards & Company Inc. purchased a new position in shares of Veralto in the 4th quarter valued at about $92,000. Finally, SouthState Corp acquired a new position in Veralto in the 4th quarter worth about $266,000. Hedge funds and other institutional investors own 91.28% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on VLTO shares. Citigroup boosted their price objective on Veralto from $89.00 to $94.00 and gave the company a "neutral" rating in a research report on Monday, April 8th. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Veralto in a report on Wednesday, January 10th. They set a "hold" rating and a $79.00 price objective on the stock. Stifel Nicolaus boosted their target price on shares of Veralto from $92.00 to $97.00 and gave the stock a "buy" rating in a research note on Wednesday, April 17th. The Goldman Sachs Group began coverage on shares of Veralto in a research note on Friday, March 22nd. They issued a "buy" rating and a $104.00 price target on the stock. Finally, BNP Paribas started coverage on Veralto in a research note on Tuesday, March 12th. They set an "outperform" rating and a $103.00 price objective for the company. Five research 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, the company currently has an average rating of "Moderate Buy" and an average price target of $95.18.

Veralto Stock Performance

Shares of VLTO stock traded up $2.04 during trading hours on Friday, reaching $95.89. The company had a trading volume of 940,032 shares, compared to its average volume of 1,920,957. Veralto Co. has a 12-month low of $65.51 and a 12-month high of $96.13. The company has a debt-to-equity ratio of 1.76, a current ratio of 1.83 and a quick ratio of 1.56. The stock has a fifty day moving average of $89.39 and a 200-day moving average of $81.18.

Veralto (NYSE:VLTO - Get Free Report) last issued its earnings results on Tuesday, April 23rd. The company reported $0.84 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.76 by $0.08. The company had revenue of $1.25 billion during the quarter, compared to analysts' expectations of $1.23 billion. The business's quarterly revenue was up 1.7% on a year-over-year basis. As a group, equities analysts forecast that Veralto Co. will post 3.34 EPS for the current fiscal year.

Veralto Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 30th. Shareholders of record on Thursday, March 28th were issued a $0.09 dividend. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $0.36 annualized dividend and a yield of 0.38%.

Insider Buying and Selling at Veralto

In related news, SVP Melissa Aquino sold 8,041 shares of the stock in a transaction that occurred on Friday, April 26th. The stock was sold at an average price of $93.56, for a total value of $752,315.96. Following the completion of the transaction, the senior vice president now directly owns 20,761 shares in the company, valued at $1,942,399.16. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In related news, SVP Melissa Aquino sold 8,041 shares of the business's stock in a transaction dated Friday, April 26th. The shares were sold at an average price of $93.56, for a total value of $752,315.96. Following the sale, the senior vice president now directly owns 20,761 shares in the company, valued at approximately $1,942,399.16. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Mattias Bystrom sold 500 shares of the stock in a transaction dated Friday, February 16th. The stock was sold at an average price of $86.10, for a total transaction of $43,050.00. Following the transaction, the insider now directly owns 30,310 shares of the company's stock, valued at approximately $2,609,691. The disclosure for this sale can be found here. 0.31% of the stock is currently owned by company insiders.

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.