Desjardins Global Asset Management Inc. Takes $125,000 Position in Veralto Co. (NYSE:VLTO)

Desjardins Global Asset Management Inc. purchased a new stake in Veralto Co. (NYSE:VLTOFree Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 1,520 shares of the company’s stock, valued at approximately $125,000.

Several other hedge funds and other institutional investors also recently modified their holdings of VLTO. Sugarloaf Wealth Management LLC bought a new stake in Veralto during the 4th quarter worth approximately $25,000. Blue Trust Inc. bought a new stake in Veralto during the 4th quarter worth approximately $26,000. Dougherty Wealth Advisers LLC purchased a new position in Veralto in the 4th quarter worth approximately $27,000. Pinnacle Bancorp Inc. purchased a new position in Veralto in the 4th quarter worth approximately $29,000. Finally, Gradient Investments LLC grew its stake in Veralto by 2,678.6% in the 4th quarter. Gradient Investments LLC now owns 389 shares of the company’s stock worth $32,000 after buying an additional 375 shares in the last quarter. Institutional investors own 91.28% of the company’s stock.

Insider Transactions at Veralto

In other news, insider Mattias Bystrom sold 500 shares of the firm’s stock in a transaction dated Friday, February 16th. The shares were 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 of the company’s stock, valued at approximately $2,609,691. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 0.31% of the company’s stock.

Analyst Upgrades and Downgrades

VLTO has been the subject of a number of research reports. Stifel Nicolaus boosted their price target on shares of Veralto from $92.00 to $97.00 and gave the stock a “buy” rating in a research note on Wednesday. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Veralto in a research note on Wednesday, January 10th. They issued a “hold” rating and a $79.00 price target for the company. Royal Bank of Canada boosted their price target on shares of Veralto from $78.00 to $91.00 and gave the stock a “sector perform” rating in a research note on Thursday, February 8th. The Goldman Sachs Group initiated coverage on shares of Veralto in a research note on Friday, March 22nd. They issued a “buy” rating and a $104.00 price target for the company. Finally, BNP Paribas assumed coverage on shares of Veralto in a research note on Tuesday, March 12th. They issued an “outperform” rating and a $103.00 price target for the company. Five equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, Veralto currently has an average rating of “Moderate Buy” and a consensus target price of $93.36.

View Our Latest Stock Report on Veralto

Veralto Trading Up 0.1 %

Shares of VLTO opened at $88.89 on Friday. The company has a debt-to-equity ratio of 1.89, a current ratio of 1.64 and a quick ratio of 1.40. The firm has a fifty day simple moving average of $87.68 and a two-hundred day simple moving average of $79.78. Veralto Co. has a twelve month low of $65.51 and a twelve month high of $92.15.

Veralto (NYSE:VLTOGet Free Report) last announced its quarterly earnings results on Tuesday, February 6th. The company reported $0.87 earnings per share for the quarter, beating the consensus estimate of $0.80 by $0.07. The firm had revenue of $1.29 billion for the quarter, compared to analysts’ expectations of $1.25 billion. The company’s quarterly revenue was up 3.2% on a year-over-year basis. During the same period in the previous year, the company earned $0.80 EPS. As a group, equities analysts predict that Veralto Co. will post 3.26 earnings per share for the current fiscal year.

Veralto Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 30th. Shareholders of record on Thursday, March 28th will be given a dividend of $0.09 per share. The ex-dividend date is Wednesday, March 27th. This represents a $0.36 annualized dividend and a yield of 0.40%.

Veralto Company Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Veralto (NYSE:VLTO)

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