Johnson Investment Counsel Inc. Acquires Shares of 100,384 Veralto Co. (NYSE:VLTO)

Johnson Investment Counsel Inc. bought a new position in Veralto Co. (NYSE:VLTO - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 100,384 shares of the company's stock, valued at approximately $8,258,000.

Other hedge funds also recently made changes to their positions in the company. Sugarloaf Wealth Management LLC bought a new stake in shares of Veralto in the 4th quarter worth approximately $25,000. First Command Advisory Services Inc. purchased a new position in Veralto during the 4th quarter valued at $25,000. Blue Trust Inc. bought a new position in Veralto in the 4th quarter worth $26,000. Dougherty Wealth Advisers LLC bought a new position in Veralto in the 4th quarter worth $27,000. Finally, Livforsakringsbolaget Skandia Omsesidigt purchased a new stake in shares of Veralto in the 4th quarter worth about $27,000. 91.28% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Veralto

In other news, insider Mattias Bystrom sold 500 shares of the company's stock in a transaction 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 sale, the insider now directly owns 30,310 shares in the company, valued at approximately $2,609,691. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In related news, SVP Melissa Aquino sold 8,041 shares of the business's 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 transaction, the senior vice president now directly owns 20,761 shares of the company's stock, valued at approximately $1,942,399.16. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Mattias Bystrom sold 500 shares of the company's stock in a transaction on 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 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 Stock Up 0.6 %

Veralto stock traded up $0.56 during midday trading on Friday, reaching $96.50. 1,521,602 shares of the company traded hands, compared to its average volume of 1,880,801. The company has a quick ratio of 1.56, a current ratio of 1.83 and a debt-to-equity ratio of 1.76. Veralto Co. has a 12 month low of $65.51 and a 12 month high of $97.46. The business has a 50 day moving average of $90.36 and a two-hundred day moving average of $81.94.

Veralto (NYSE:VLTO - Get Free Report) last released its quarterly earnings results on Tuesday, April 23rd. The company reported $0.84 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.76 by $0.08. The firm 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. Analysts anticipate that Veralto Co. will post 3.34 earnings per share for the current year.

Veralto Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, April 30th. Investors of record on Thursday, March 28th were issued a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a dividend yield of 0.37%. The ex-dividend date was Wednesday, March 27th.

Analysts Set New Price Targets

VLTO has been the subject of a number of research analyst reports. The Goldman Sachs Group assumed 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. BMO Capital Markets increased their target price on Veralto from $97.00 to $101.00 and gave the stock an "outperform" rating in a research note on Thursday, April 25th. Royal Bank of Canada lifted their price target on Veralto from $78.00 to $91.00 and gave the stock a "sector perform" rating in a research report on Thursday, February 8th. Stifel Nicolaus increased their price objective on shares of Veralto from $92.00 to $97.00 and gave the company a "buy" rating in a research report on Wednesday, April 17th. 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 analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $95.18.

About Veralto

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.

Want to see what other hedge funds are holding VLTO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Veralto Co. (NYSE:VLTO - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.