Teachers Retirement System of The State of Kentucky Acquires New Holdings in Veralto Co. (NYSE:VLTO)

Teachers Retirement System of The State of Kentucky acquired a new stake in Veralto Co. (NYSE:VLTO) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 18,768 shares of the company’s stock, valued at approximately $1,544,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Orion Portfolio Solutions LLC bought a new position in Veralto in the 4th quarter valued at approximately $3,202,000. Factory Mutual Insurance Co. bought a new position in shares of Veralto during the fourth quarter valued at $9,260,000. State of Michigan Retirement System bought a new position in shares of Veralto during the fourth quarter valued at $4,940,000. Dimensional Fund Advisors LP bought a new position in shares of Veralto during the fourth quarter valued at $79,075,000. Finally, Wells Fargo & Company MN bought a new position in shares of Veralto during the fourth quarter valued at $25,633,000. Institutional investors own 91.28% of the company’s stock.

Veralto Stock Down 1.4 %

NYSE:VLTO opened at $98.87 on Friday. The company has a debt-to-equity ratio of 1.76, a quick ratio of 1.56 and a current ratio of 1.83. The firm has a fifty day simple moving average of $97.26 and a two-hundred day simple moving average of $87.87. Veralto Co. has a 12 month low of $65.51 and a 12 month high of $102.58.

Veralto (NYSE:VLTO) last posted its quarterly earnings results on Tuesday, April 23rd. The company reported $0.84 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 business’s revenue for the quarter was up 1.7% compared to the same quarter last year. As a group, sell-side analysts expect that Veralto Co. will post 3.37 earnings per share for the current year.

Veralto Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 31st. Stockholders of record on Friday, June 28th will be issued a dividend of $0.09 per share. 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.

Insider Activity

In other news, SVP Mattias Bystrom sold 302 shares of Veralto stock in a transaction dated 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 transaction, the senior vice president now directly owns 34,045 shares in the company, valued at $3,417,437.10. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, SVP Mattias Bystrom sold 302 shares of Veralto stock in a transaction dated 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 transaction, the senior vice president now directly owns 34,045 shares in the company, valued at $3,417,437.10. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Melissa Aquino sold 8,041 shares of Veralto stock in a transaction dated Friday, April 26th. The shares were sold at an average price of $93.56, for a total transaction of $752,315.96. Following the transaction, the senior vice president now 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.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the stock. Stifel Nicolaus raised their price target on shares of Veralto from $92.00 to $97.00 and gave the company a “buy” rating in a research note on Wednesday, April 17th. BNP Paribas assumed coverage on shares of Veralto in a research note on Tuesday, March 12th. They set an “outperform” rating and a $103.00 price target for the company. TD Cowen assumed coverage on shares of Veralto in a research note on Monday, June 17th. They set a “hold” rating and a $95.00 price target for the company. BMO Capital Markets raised their price target on shares of Veralto from $97.00 to $101.00 and gave the company an “outperform” rating in a research note on Thursday, April 25th. Finally, Citigroup increased their price objective on shares of Veralto from $89.00 to $94.00 and gave the stock a “neutral” rating in a research report on Monday, April 8th. Six equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat.com, Veralto has a consensus rating of “Moderate Buy” and an average price target of $96.00.

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.