Charles Schwab Investment Management Inc. Takes $91.46 Million Position in Veralto Co. (NYSE:VLTO)

Charles Schwab Investment Management Inc. bought a new position in shares of Veralto Co. (NYSE:VLTO - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 1,111,889 shares of the company's stock, valued at approximately $91,464,000. Charles Schwab Investment Management Inc. owned about 0.45% of Veralto at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Welch & Forbes LLC purchased a new stake in shares of Veralto during the 4th quarter valued at approximately $10,554,000. Apollon Wealth Management LLC purchased a new stake in shares of Veralto during the 4th quarter valued at approximately $441,000. Lincoln National Corp purchased a new stake in shares of Veralto during the 4th quarter valued at approximately $413,000. Machina Capital S.A.S. purchased a new stake in shares of Veralto during the 4th quarter valued at approximately $235,000. Finally, Maryland State Retirement & Pension System purchased a new stake in shares of Veralto during the 4th quarter valued at approximately $1,390,000. 91.28% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Veralto news, SVP Melissa Aquino sold 8,041 shares of the 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 completion of the transaction, the senior vice president now directly owns 20,761 shares of the company's stock, valued at $1,942,399.16. The sale was disclosed in a filing with the SEC, which is available at this link. In other news, SVP Melissa Aquino sold 8,041 shares of the stock in a transaction that occurred on 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 $1,942,399.16. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Mattias Bystrom sold 500 shares of the firm's stock in a transaction that occurred 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 sale, the insider now owns 30,310 shares in the company, valued at approximately $2,609,691. The disclosure for this sale can be found here. 0.31% of the stock is currently owned by corporate insiders.

Veralto Price Performance

NYSE VLTO traded down $0.63 during trading hours on Monday, hitting $95.87. The company had a trading volume of 1,242,440 shares, compared to its average volume of 1,579,075. The company has a debt-to-equity ratio of 1.76, a quick ratio of 1.56 and a current ratio of 1.83. Veralto Co. has a 1-year low of $65.51 and a 1-year high of $97.46. The business has a 50 day moving average of $90.36 and a 200-day moving average of $82.09.

Veralto (NYSE:VLTO - Get Free Report) last announced its earnings results on Tuesday, April 23rd. The company reported $0.84 earnings per share for the quarter, topping the consensus estimate of $0.76 by $0.08. The business had revenue of $1.25 billion for the quarter, compared to analyst estimates of $1.23 billion. The company's revenue for the quarter was up 1.7% compared to the same quarter last year. Analysts forecast that Veralto Co. will post 3.34 earnings per share for the current fiscal year.

Veralto Announces Dividend

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

Analysts Set New Price Targets

Several analysts have recently commented on the stock. Citigroup lifted their price target on shares of Veralto from $89.00 to $94.00 and gave the company a "neutral" rating in a research report on Monday, April 8th. Stifel Nicolaus boosted their target price on Veralto from $92.00 to $97.00 and gave the company a "buy" rating in a research report on Wednesday, April 17th. Robert W. Baird boosted their target price on Veralto from $90.00 to $98.00 and gave the company a "neutral" rating in a research report on Thursday, April 25th. BMO Capital Markets boosted their target price on Veralto from $97.00 to $101.00 and gave the company an "outperform" rating in a research report on Thursday, April 25th. Finally, Royal Bank of Canada boosted their target price on Veralto from $78.00 to $91.00 and gave the company a "sector perform" rating in a research report on Thursday, February 8th. Five equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $95.18.

Veralto Company 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.