Northstar Asset Management Inc. Takes $802,000 Position in Veralto Co. (NYSE:VLTO)

Northstar Asset Management 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 9,754 shares of the company's stock, valued at approximately $802,000.

Several other large investors also recently modified their holdings of the stock. Weil Company Inc. bought a new stake in Veralto during the 4th quarter worth approximately $218,000. FineMark National Bank & Trust bought a new stake in Veralto during the 4th quarter worth approximately $296,000. Commerce Bank bought a new stake in Veralto during the 4th quarter worth approximately $3,924,000. Cassady Schiller Wealth Management LLC bought a new stake in Veralto during the 4th quarter worth approximately $30,000. Finally, US Bancorp DE bought a new stake in Veralto during the 4th quarter worth approximately $6,354,000. 91.28% of the stock is currently owned by institutional investors.

Veralto Trading Down 0.9 %

Shares of VLTO traded down $0.90 during midday trading on Thursday, hitting $99.86. The stock had a trading volume of 1,174,098 shares, compared to its average volume of 1,551,344. The company has a 50 day simple moving average of $91.91 and a two-hundred day simple moving average of $83.64. Veralto Co. has a twelve month low of $65.51 and a twelve month high of $101.05. 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 (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, beating the consensus estimate of $0.76 by $0.08. The firm had revenue of $1.25 billion during the quarter, compared to analyst estimates of $1.23 billion. Veralto's revenue for the quarter was up 1.7% on a year-over-year basis. Analysts anticipate that Veralto Co. will post 3.34 EPS for the current fiscal year.

Veralto Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 31st. Stockholders of record on Friday, June 28th will be issued a $0.09 dividend. This represents a $0.36 annualized dividend and a dividend yield of 0.36%. The ex-dividend date is Friday, June 28th.

Insider Activity

In related news, SVP Melissa Aquino sold 8,041 shares of Veralto stock in a transaction dated Friday, April 26th. The stock was sold at an average price of $93.56, for a total transaction of $752,315.96. Following the completion of the transaction, the senior vice president now owns 20,761 shares in the company, valued at $1,942,399.16. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 0.31% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on the company. Citigroup increased their price target on Veralto from $89.00 to $94.00 and gave the company a "neutral" rating in a research note on Monday, April 8th. Royal Bank of Canada increased their price target on Veralto from $78.00 to $91.00 and gave the company a "sector perform" rating in a research note on Thursday, February 8th. Stifel Nicolaus increased their price target on Veralto from $92.00 to $97.00 and gave the company a "buy" rating in a research note on Wednesday, April 17th. BNP Paribas assumed coverage on Veralto in a research note on Tuesday, March 12th. They issued an "outperform" rating and a $103.00 price target on the stock. Finally, BMO Capital Markets raised their price objective on Veralto from $97.00 to $101.00 and gave the stock an "outperform" rating in a research note on Thursday, April 25th. Five analysts have rated the stock with a hold rating and seven have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus 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.

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