BNP Paribas Asset Management Holding S.A. Acquires Shares of 214,576 Veralto Co. (NYSE:VLTO)

BNP Paribas Asset Management Holding S.A. purchased a new position in Veralto Co. (NYSE:VLTO - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 214,576 shares of the company's stock, valued at approximately $17,651,000. BNP Paribas Asset Management Holding S.A. owned approximately 0.09% of Veralto at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. Corient Private Wealth LLC increased its holdings in Veralto by 7,475.3% in the fourth quarter. Corient Private Wealth LLC now owns 186,276 shares of the company's stock worth $15,323,000 after buying an additional 183,817 shares during the last quarter. Sachetta LLC acquired a new position in Veralto during the fourth quarter worth $59,000. Clearbridge Investments LLC bought a new position in Veralto during the fourth quarter valued at about $122,288,000. Wells Fargo & Company MN acquired a new position in shares of Veralto during the 4th quarter valued at about $25,633,000. Finally, Associated Banc Corp bought a new position in shares of Veralto in the 4th quarter valued at approximately $1,817,000. 91.28% of the stock is currently owned by institutional investors and hedge funds.

Veralto Stock Performance

Shares of VLTO stock traded up $0.91 during mid-day trading on Tuesday, reaching $99.53. The company's stock had a trading volume of 881,835 shares, compared to its average volume of 1,558,691. The company has a current ratio of 1.83, a quick ratio of 1.56 and a debt-to-equity ratio of 1.76. Veralto Co. has a 1-year low of $65.51 and a 1-year high of $99.79. The firm's 50-day moving average is $91.46 and its two-hundred day moving average is $83.32.

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

Veralto Announces Dividend

The company also recently announced 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 0.36%.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the company. The Goldman Sachs Group initiated coverage on Veralto in a report on Friday, March 22nd. They set a "buy" rating and a $104.00 price target on the stock. Royal Bank of Canada upped their price target on shares of Veralto from $78.00 to $91.00 and gave the company a "sector perform" rating in a report on Thursday, February 8th. BNP Paribas began coverage on Veralto in a research note on Tuesday, March 12th. They issued an "outperform" rating and a $103.00 price objective on the stock. Citigroup increased their target price on Veralto from $89.00 to $94.00 and gave the company a "neutral" rating in a research note on Monday, April 8th. Finally, Stifel Nicolaus lifted their price target on Veralto from $92.00 to $97.00 and gave the stock a "buy" rating in a research report on Wednesday, April 17th. Five research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $95.18.

Insider Transactions at Veralto

In other Veralto 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 transaction, 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 SEC, which is available through this link. 0.31% of the stock is owned by 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.