1,888 Shares in Veralto Co. (NYSE:VLTO) Acquired by Centaurus Financial Inc.

Centaurus Financial Inc. purchased a new position in Veralto Co. (NYSE:VLTO) during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 1,888 shares of the company’s stock, valued at approximately $155,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of VLTO. Sugarloaf Wealth Management LLC acquired a new position in Veralto in the 4th quarter worth approximately $25,000. First Command Advisory Services Inc. purchased a new stake in Veralto in the 4th quarter worth approximately $25,000. Blue Trust Inc. purchased a new stake in Veralto in the 4th quarter worth approximately $26,000. Delta Asset Management LLC TN boosted its position in Veralto by 216.0% in the 4th quarter. Delta Asset Management LLC TN now owns 316 shares of the company’s stock worth $26,000 after purchasing an additional 216 shares in the last quarter. Finally, Dougherty Wealth Advisers LLC purchased a new stake in Veralto in the 4th quarter worth approximately $27,000. Institutional investors and hedge funds own 91.28% of the company’s stock.

Veralto Stock Performance

Shares of VLTO stock opened at $101.22 on Wednesday. The stock’s fifty day moving average is $96.52 and its two-hundred day moving average is $87.44. 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 Co. has a fifty-two week low of $65.51 and a fifty-two week high of $102.58.

Veralto (NYSE:VLTO) last issued its earnings results on Tuesday, April 23rd. The company reported $0.84 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.76 by $0.08. The company had revenue of $1.25 billion during the quarter, compared to analyst estimates of $1.23 billion. The firm’s revenue was up 1.7% on a year-over-year basis. As a group, research analysts forecast that Veralto Co. will post 3.34 earnings per share for the current fiscal year.

Veralto Announces Dividend

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

Analyst Ratings Changes

Several research firms have commented on VLTO. Stifel Nicolaus upped their price objective on Veralto from $92.00 to $97.00 and gave the stock a “buy” rating in a research report on Wednesday, April 17th. Robert W. Baird increased their target price on Veralto from $90.00 to $98.00 and gave the company a “neutral” rating in a research report on Thursday, April 25th. BNP Paribas began coverage on Veralto in a research report on Tuesday, March 12th. They set an “outperform” rating and a $103.00 target price on the stock. BMO Capital Markets increased their target price on Veralto from $97.00 to $101.00 and gave the company an “outperform” rating in a research report on Thursday, April 25th. Finally, TD Cowen began coverage on Veralto in a research report on Monday. They set a “hold” rating and a $95.00 target price on the stock. Six analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $96.00.

Insiders Place Their Bets

In other Veralto news, SVP Melissa Aquino sold 8,041 shares of the firm’s stock in a transaction on Friday, April 26th. The stock was sold at an average price of $93.56, for a total value of $752,315.96. Following the completion of the sale, the senior vice president now directly owns 20,761 shares of the company’s stock, valued at approximately $1,942,399.16. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, SVP Mattias Bystrom sold 302 shares of the firm’s stock in a transaction dated Thursday, May 23rd. The stock was sold at an average price of $100.38, for a total transaction of $30,314.76. Following the completion of the sale, the senior vice president now directly owns 34,045 shares of the company’s stock, valued at approximately $3,417,437.10. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Melissa Aquino sold 8,041 shares of the firm’s stock in a transaction dated Friday, April 26th. The stock was sold at an average price of $93.56, for a total value of $752,315.96. Following the sale, the senior vice president now directly owns 20,761 shares of the company’s stock, valued at $1,942,399.16. The disclosure for this sale can be found here. Corporate insiders own 0.31% of the company’s stock.

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.