12,081 Shares in Veralto Co. (NYSE:VLTO) Acquired by Global Assets Advisory LLC

Global Assets Advisory LLC purchased a new stake in shares of Veralto Co. (NYSE:VLTO) during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 12,081 shares of the company’s stock, valued at approximately $1,071,000.

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

Insiders Place Their Bets

In other news, SVP Melissa Aquino sold 8,041 shares of the stock in a transaction that occurred on Friday, April 26th. The shares were sold at an average price of $93.56, for a total transaction 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other Veralto news, SVP Mattias Bystrom sold 302 shares of the business’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 document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Melissa Aquino sold 8,041 shares of the company’s 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 in the company, valued at $1,942,399.16. The disclosure for this sale can be found here. Insiders own 0.31% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently weighed in on VLTO shares. BMO Capital Markets increased their target price 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. TD Cowen initiated coverage on Veralto in a research report on Monday, June 17th. They set a “hold” rating and a $95.00 price objective on the stock. The Goldman Sachs Group assumed coverage on shares of Veralto in a research note on Friday, March 22nd. They set a “buy” rating and a $104.00 price target on the stock. Citigroup increased their price objective on shares of Veralto from $89.00 to $94.00 and gave the company a “neutral” rating in a research note on Monday, April 8th. Finally, Stifel Nicolaus lifted their target price on shares of Veralto from $92.00 to $97.00 and gave the company a “buy” rating in a research report on Wednesday, April 17th. Six 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, Veralto currently has an average rating of “Moderate Buy” and a consensus price target of $96.00.

Veralto Stock Performance

NYSE:VLTO opened at $98.37 on Thursday. Veralto Co. has a 1 year low of $65.51 and a 1 year high of $102.58. The firm has a 50 day moving average of $97.62 and a 200-day moving average of $88.30. The company has a current ratio of 1.83, a quick ratio of 1.56 and a debt-to-equity ratio of 1.76.

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

Veralto Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 31st. Shareholders of record on Friday, June 28th will be given a $0.09 dividend. This represents a $0.36 annualized dividend and a yield of 0.37%. The ex-dividend date is Friday, June 28th.

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.