Kirr Marbach & Co. LLC IN Buys 485 Shares of Veralto Corporation (NYSE:VLTO)

Kirr Marbach & Co. LLC IN boosted its stake in shares of Veralto Corporation (NYSE:VLTO) by 0.6% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 79,521 shares of the company’s stock after acquiring an additional 485 shares during the quarter. Veralto comprises about 1.8% of Kirr Marbach & Co. LLC IN’s investment portfolio, making the stock its 21st biggest position. Kirr Marbach & Co. LLC IN’s holdings in Veralto were worth $7,758,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently added to or reduced their stakes in VLTO. Bernard Wealth Management Corp. bought a new stake in Veralto during the fourth quarter worth approximately $25,000. OFI Invest Asset Management purchased a new position in shares of Veralto during the fourth quarter valued at approximately $26,000. BankPlus Trust Department purchased a new position in shares of Veralto during the fourth quarter valued at approximately $29,000. Lee Danner & Bass Inc. purchased a new position in shares of Veralto during the fourth quarter valued at approximately $43,000. Finally, Murphy & Mullick Capital Management Corp purchased a new position in shares of Veralto during the fourth quarter valued at approximately $44,000. 91.28% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, SVP Melissa Aquino sold 31,689 shares of the company’s stock in a transaction on Thursday, May 1st. The stock was sold at an average price of $93.67, for a total transaction of $2,968,308.63. Following the transaction, the senior vice president now directly owns 17,434 shares of the company’s stock, valued at approximately $1,633,042.78. This represents a 64.51% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, SVP Surekha Trivedi sold 848 shares of the stock in a transaction on Monday, June 2nd. The shares were sold at an average price of $100.55, for a total value of $85,266.40. Following the sale, the senior vice president now owns 8,433 shares of the company’s stock, valued at approximately $847,938.15. This represents a 9.14% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 46,503 shares of company stock worth $4,396,629 over the last 90 days. Company insiders own 0.36% of the company’s stock.

Veralto Stock Up 1.8%

Shares of NYSE VLTO opened at $98.45 on Tuesday. The company has a debt-to-equity ratio of 1.14, a quick ratio of 1.92 and a current ratio of 2.19. The firm has a market capitalization of $24.40 billion, a price-to-earnings ratio of 28.13, a PEG ratio of 4.16 and a beta of 0.97. The stock has a 50 day moving average price of $97.06 and a 200 day moving average price of $98.60. Veralto Corporation has a 52-week low of $83.87 and a 52-week high of $115.00.

Veralto (NYSE:VLTO) last posted its earnings results on Tuesday, April 29th. The company reported $0.95 earnings per share for the quarter, topping analysts’ consensus estimates of $0.87 by $0.08. The company had revenue of $1.33 billion during the quarter, compared to analyst estimates of $1.28 billion. Veralto had a return on equity of 45.63% and a net margin of 16.56%. Veralto’s revenue was up 6.9% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.84 earnings per share. Sell-side analysts expect that Veralto Corporation will post 3.66 earnings per share for the current year.

Veralto Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, July 31st. Shareholders of record on Monday, June 30th will be issued a dividend of $0.11 per share. The ex-dividend date of this dividend is Monday, June 30th. This represents a $0.44 dividend on an annualized basis and a yield of 0.45%. Veralto’s dividend payout ratio is currently 12.57%.

Analysts Set New Price Targets

VLTO has been the subject of several recent analyst reports. Royal Bank Of Canada boosted their target price on Veralto from $103.00 to $104.00 and gave the company a “sector perform” rating in a research report on Thursday, May 1st. Northcoast Research initiated coverage on Veralto in a research report on Tuesday, May 6th. They set a “buy” rating and a $110.00 target price for the company. Citigroup dropped their target price on Veralto from $116.00 to $100.00 and set a “neutral” rating for the company in a research report on Monday, April 14th. Stifel Nicolaus boosted their target price on Veralto from $102.00 to $104.00 and gave the company a “buy” rating in a research report on Thursday, May 1st. Finally, Robert W. Baird boosted their target price on Veralto from $105.00 to $106.00 and gave the company a “neutral” rating in a research report on Thursday, May 1st. Six equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $110.09.

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.