Montrusco Bolton Investments Inc. Takes Position in Veralto Co. (NYSE:VLTO)

Montrusco Bolton Investments Inc. acquired a new stake in Veralto Co. (NYSE:VLTO - Free Report) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor acquired 1,273,670 shares of the company's stock, valued at approximately $102,508,000. Veralto accounts for approximately 1.3% of Montrusco Bolton Investments Inc.'s investment portfolio, making the stock its 24th largest holding. Montrusco Bolton Investments Inc. owned approximately 0.52% of Veralto as of its most recent filing with the SEC.

A number of other hedge funds have also modified their holdings of VLTO. Sugarloaf Wealth Management LLC bought a new position in shares of Veralto in the fourth quarter valued at about $25,000. Blue Trust Inc. bought a new position in Veralto in the 4th quarter worth approximately $26,000. First Command Advisory Services Inc. acquired a new position in Veralto during the 4th quarter worth $25,000. Livforsakringsbolaget Skandia Omsesidigt bought a new position in Veralto in the 4th quarter valued at $27,000. Finally, Dougherty Wealth Advisers LLC acquired a new stake in shares of Veralto in the 4th quarter valued at $27,000. 91.28% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

VLTO has been the subject of several analyst reports. BNP Paribas started coverage on Veralto in a research report on Tuesday, March 12th. They set an "outperform" rating and a $103.00 target price for the company. Robert W. Baird increased their price target on Veralto from $90.00 to $98.00 and gave the company a "neutral" rating in a research report on Thursday, April 25th. The Goldman Sachs Group initiated coverage on shares of Veralto in a research note on Friday, March 22nd. They set a "buy" rating and a $104.00 price objective on the stock. Stifel Nicolaus raised their price target on Veralto from $92.00 to $97.00 and gave the company a "buy" rating in a report on Wednesday, April 17th. Finally, BMO Capital Markets upped 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. Five equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $95.18.

Veralto Stock Performance

Shares of VLTO stock traded up $0.15 on Friday, hitting $98.60. The company had a trading volume of 1,319,357 shares, compared to its average volume of 1,710,525. Veralto Co. has a twelve month low of $65.51 and a twelve month high of $99.37. The company has a current ratio of 1.83, a quick ratio of 1.56 and a debt-to-equity ratio of 1.76. The stock's 50-day moving average is $91.26 and its two-hundred day moving average is $82.91.

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

Veralto Announces Dividend

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

Insider Activity at Veralto

In other 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 transaction of $752,315.96. Following the transaction, the senior vice president now 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 Securities & Exchange Commission, which is available through the SEC website. 0.31% of the stock is owned by corporate insiders.

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.