64,094 Shares in Veralto Co. (NYSE:VLTO) Bought by American International Group Inc.

American International Group Inc. purchased a new stake in Veralto Co. (NYSE:VLTO) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund purchased 64,094 shares of the company’s stock, valued at approximately $5,272,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of VLTO. Sugarloaf Wealth Management LLC bought a new stake in Veralto in the fourth quarter valued at $25,000. First Command Advisory Services Inc. bought a new stake in Veralto in the fourth quarter valued at $25,000. Blue Trust Inc. acquired a new position in shares of Veralto during the fourth quarter valued at about $26,000. Delta Asset Management LLC TN grew its holdings in shares of Veralto by 216.0% during the fourth quarter. Delta Asset Management LLC TN now owns 316 shares of the company’s stock valued at $26,000 after buying an additional 216 shares during the last quarter. Finally, Dougherty Wealth Advisers LLC acquired a new position in shares of Veralto during the fourth quarter valued at about $27,000. 91.28% of the stock is owned by institutional investors.

Veralto Stock Performance

Shares of VLTO stock opened at $98.87 on Friday. The company has a quick ratio of 1.56, a current ratio of 1.83 and a debt-to-equity ratio of 1.76. Veralto Co. has a 52 week low of $65.51 and a 52 week high of $102.58. The firm’s 50-day simple moving average is $97.26 and its two-hundred day simple moving average is $87.87.

Veralto (NYSE:VLTO) last announced its quarterly earnings data on Tuesday, April 23rd. The company reported $0.84 EPS for the quarter, topping the consensus estimate of $0.76 by $0.08. The company had revenue of $1.25 billion during the quarter, compared to the consensus estimate of $1.23 billion. The firm’s revenue for the quarter was up 1.7% compared to the same quarter last year. On average, equities research analysts forecast that Veralto Co. will post 3.37 earnings per share for the current year.

Veralto Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 31st. Stockholders of record on Friday, June 28th will be given 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.

Analyst Ratings Changes

VLTO has been the subject of a number of analyst reports. TD Cowen initiated coverage on shares of Veralto in a report on Monday, June 17th. They set a “hold” rating and a $95.00 price objective for the company. Stifel Nicolaus lifted their price objective on shares of Veralto from $92.00 to $97.00 and gave the company a “buy” rating in a report on Wednesday, April 17th. Citigroup boosted their price target on shares of Veralto from $89.00 to $94.00 and gave the stock a “neutral” rating in a report on Monday, April 8th. The Goldman Sachs Group assumed coverage on shares of Veralto in a report on Friday, March 22nd. They set a “buy” rating and a $104.00 price target on the stock. Finally, Royal Bank of Canada restated a “sector perform” rating and set a $101.00 price target on shares of Veralto in a report on Friday, June 14th. Six research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $96.00.

Insider Activity

In other news, SVP Melissa Aquino sold 8,041 shares of the business’s stock in a transaction that occurred on Friday, April 26th. The shares were sold at an average price of $93.56, for a total value of $752,315.96. Following the sale, the senior vice president now owns 20,761 shares of the company’s stock, valued at $1,942,399.16. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other news, SVP Melissa Aquino sold 8,041 shares of the business’s stock in a transaction that occurred on Friday, April 26th. The shares were sold at an average price of $93.56, for a total value of $752,315.96. Following the sale, the senior vice president now owns 20,761 shares of the company’s stock, valued at $1,942,399.16. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, SVP Mattias Bystrom sold 302 shares of the business’s stock in a transaction that occurred on Thursday, May 23rd. The shares were 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 in the company, valued at approximately $3,417,437.10. The disclosure for this sale can be found here. Insiders own 0.31% of the company’s stock.

Veralto 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.