11,871 Shares in Veralto Co. (NYSE:VLTO) Acquired by Verdence Capital Advisors LLC

Verdence Capital Advisors LLC bought a new stake in Veralto Co. (NYSE:VLTOFree Report) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm bought 11,871 shares of the company’s stock, valued at approximately $977,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Lindbrook Capital LLC acquired a new position in shares of Veralto during the fourth quarter valued at about $93,000. Grandfield & Dodd LLC acquired a new position in Veralto during the 4th quarter valued at approximately $369,000. abrdn plc purchased a new position in shares of Veralto in the fourth quarter worth $80,959,000. Ipswich Investment Management Co. Inc. acquired a new stake in shares of Veralto during the fourth quarter worth $303,000. Finally, Greenleaf Trust acquired a new stake in shares of Veralto during the fourth quarter worth $1,687,000. 91.28% of the stock is owned by hedge funds and other institutional investors.

Veralto Price Performance

Shares of VLTO stock opened at $88.89 on Monday. Veralto Co. has a 1-year low of $65.51 and a 1-year high of $92.15. The company has a quick ratio of 1.40, a current ratio of 1.64 and a debt-to-equity ratio of 1.89. The stock has a 50 day simple moving average of $87.68 and a 200-day simple moving average of $79.82.

Veralto (NYSE:VLTOGet Free Report) last posted its quarterly earnings data on Tuesday, February 6th. The company reported $0.87 earnings per share for the quarter, topping analysts’ consensus estimates of $0.80 by $0.07. The company had revenue of $1.29 billion for the quarter, compared to analyst estimates of $1.25 billion. The business’s revenue was up 3.2% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.80 earnings per share. As a group, equities research analysts anticipate that Veralto Co. will post 3.26 earnings per share for the current year.

Veralto Dividend Announcement

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

Insider Buying and Selling

In other Veralto news, insider Mattias Bystrom sold 500 shares of the 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 completion of the transaction, the insider now owns 30,310 shares of the company’s stock, valued at $2,609,691. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.31% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

VLTO has been the subject of a number of research analyst reports. Citigroup lifted their price target on Veralto from $89.00 to $94.00 and gave the stock a “neutral” rating in a research report on Monday, April 8th. BMO Capital Markets started coverage on Veralto in a report on Tuesday, February 27th. They set an “outperform” rating and a $97.00 target price for the company. BNP Paribas initiated coverage on shares of Veralto in a report on Tuesday, March 12th. They issued an “outperform” rating and a $103.00 price target on the stock. Stifel Nicolaus raised their price target on shares of Veralto from $92.00 to $97.00 and gave the stock a “buy” rating in a research report on Wednesday, April 17th. Finally, Royal Bank of Canada lifted their price objective on shares of Veralto from $78.00 to $91.00 and gave the company a “sector perform” rating in a research note on Thursday, February 8th. Five investment analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $93.36.

Get Our Latest Analysis on VLTO

Veralto 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.

See Also

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Institutional Ownership by Quarter for Veralto (NYSE:VLTO)

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