2,086 Shares in Veralto Co. (NYSE:VLTO) Purchased by NorthRock Partners LLC

NorthRock Partners LLC acquired a new stake in shares of Veralto Co. (NYSE:VLTO) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 2,086 shares of the company’s stock, valued at approximately $212,000.

A number of other hedge funds also recently bought and sold shares of VLTO. Vanguard Group Inc. raised its position in Veralto by 0.5% during the fourth quarter. Vanguard Group Inc. now owns 29,347,185 shares of the company’s stock valued at $2,989,011,000 after buying an additional 146,234 shares during the period. Amundi increased its holdings in shares of Veralto by 2.3% in the 4th quarter. Amundi now owns 7,169,702 shares of the company’s stock valued at $731,084,000 after purchasing an additional 158,342 shares during the period. Geode Capital Management LLC increased its holdings in shares of Veralto by 12.5% in the 4th quarter. Geode Capital Management LLC now owns 6,601,676 shares of the company’s stock valued at $670,781,000 after purchasing an additional 733,056 shares during the period. Pictet Asset Management Holding SA lifted its position in shares of Veralto by 1.2% in the fourth quarter. Pictet Asset Management Holding SA now owns 4,764,889 shares of the company’s stock worth $485,304,000 after purchasing an additional 54,795 shares in the last quarter. Finally, Invesco Ltd. boosted its holdings in shares of Veralto by 9.7% during the fourth quarter. Invesco Ltd. now owns 4,541,367 shares of the company’s stock worth $462,538,000 after purchasing an additional 401,228 shares during the period. 91.28% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

VLTO has been the subject of a number of research analyst reports. Stifel Nicolaus increased their target price on shares of Veralto from $102.00 to $104.00 and gave the stock a “buy” rating in a research report on Thursday, May 1st. Northcoast Research initiated coverage on Veralto in a report on Tuesday, May 6th. They set a “buy” rating and a $110.00 price objective for the company. Citigroup lowered their target price on Veralto from $116.00 to $100.00 and set a “neutral” rating on the stock in a research note on Monday, April 14th. Robert W. Baird raised their price target on Veralto from $105.00 to $106.00 and gave the stock a “neutral” rating in a research note on Thursday, May 1st. Finally, Royal Bank of Canada lifted their price target on Veralto from $103.00 to $104.00 and gave the company a “sector perform” rating in a report on Thursday, May 1st. Six research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $110.09.

Veralto Trading Up 0.7%

Shares of VLTO stock opened at $101.67 on Monday. Veralto Co. has a 12 month low of $83.87 and a 12 month high of $115.00. The company has a market cap of $25.20 billion, a PE ratio of 30.44, a price-to-earnings-growth ratio of 4.24 and a beta of 0.99. The company has a quick ratio of 1.69, a current ratio of 1.92 and a debt-to-equity ratio of 1.27. The business’s 50 day moving average is $94.40 and its two-hundred day moving average is $99.64.

Veralto (NYSE:VLTO) last posted its earnings results on Tuesday, April 29th. The company reported $0.95 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.87 by $0.08. The business had revenue of $1.33 billion for the quarter, compared to analyst estimates of $1.28 billion. Veralto had a net margin of 16.04% and a return on equity of 49.29%. Veralto’s revenue was up 6.9% compared to the same quarter last year. During the same period last year, the business posted $0.84 EPS. Equities analysts predict that Veralto Co. will post 3.66 EPS for the current year.

Veralto Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 31st. Stockholders of record on Monday, June 30th will be paid a $0.11 dividend. The ex-dividend date is Monday, June 30th. This represents a $0.44 annualized dividend and a dividend yield of 0.43%. Veralto’s payout ratio is 12.57%.

Insider Buying and Selling

In other Veralto news, SVP Melissa Aquino sold 31,689 shares of the company’s stock in a transaction that occurred on Thursday, May 1st. The stock was sold at an average price of $93.67, for a total value of $2,968,308.63. Following the completion of the transaction, the senior vice president now owns 17,434 shares of the company’s stock, valued at $1,633,042.78. This represents a 64.51% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, SVP Lesley Beneteau sold 458 shares of the firm’s stock in a transaction that occurred on Thursday, May 15th. The stock was sold at an average price of $100.84, for a total value of $46,184.72. Following the completion of the sale, the senior vice president now owns 13,571 shares of the company’s stock, valued at $1,368,499.64. This represents a 3.26% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 67,073 shares of company stock valued at $6,442,018. 0.36% of the stock is owned by company insiders.

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.