Veralto Co. (NYSE:VLTO) Shares Purchased by City Holding Co.

City Holding Co. raised its position in Veralto Co. (NYSE:VLTO) by 2.0% during the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 15,231 shares of the company’s stock after purchasing an additional 293 shares during the period. City Holding Co.’s holdings in Veralto were worth $1,350,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of VLTO. Sugarloaf Wealth Management LLC acquired a new stake in shares of Veralto during the fourth quarter valued at $25,000. First Command Advisory Services Inc. purchased a new position in Veralto during the fourth quarter worth about $25,000. Blue Trust Inc. purchased a new position in Veralto during the fourth quarter worth about $26,000. Delta Asset Management LLC TN raised its holdings in shares of 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 during the period. Finally, Dougherty Wealth Advisers LLC purchased a new position in shares of Veralto in the 4th quarter worth about $27,000. Institutional investors and hedge funds own 91.28% of the company’s stock.

Insider Activity

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

Veralto Stock Performance

Shares of NYSE:VLTO traded up $0.55 on Monday, reaching $99.42. The company had a trading volume of 126,649 shares, compared to its average volume of 1,550,630. Veralto Co. has a twelve month low of $65.51 and a twelve month high of $102.58. The stock has a 50-day moving average price of $97.26 and a 200 day moving average price of $87.96. The company has a debt-to-equity ratio of 1.76, a current ratio of 1.83 and a quick ratio of 1.56.

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

Veralto Announces Dividend

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

Analysts Set New Price Targets

A number of equities analysts have recently commented on the company. Royal Bank of Canada restated a “sector perform” rating and issued a $101.00 price objective on shares of Veralto in a report on Friday, June 14th. The Goldman Sachs Group started coverage on Veralto in a research report on Friday, March 22nd. They issued a “buy” rating and a $104.00 target price for the company. BMO Capital Markets lifted their target price on Veralto from $97.00 to $101.00 and gave the stock an “outperform” rating in a research report on Thursday, April 25th. BNP Paribas assumed coverage on Veralto in a research report on Tuesday, March 12th. They issued an “outperform” rating and a $103.00 target price for the company. Finally, Citigroup raised their price target on Veralto from $89.00 to $94.00 and gave the stock a “neutral” rating in a report on Monday, April 8th. Six investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $96.00.

About Veralto

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.