Hexagon Capital Partners LLC Acquires Shares of 351 Veralto Co. (NYSE:VLTO)

Hexagon Capital Partners LLC bought a new position in shares of Veralto Co. (NYSE:VLTO) during the fourth quarter, HoldingsChannel reports. The institutional investor bought 351 shares of the company’s stock, valued at approximately $29,000.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Sugarloaf Wealth Management LLC purchased a new stake in Veralto during the 4th quarter worth approximately $25,000. First Command Advisory Services Inc. acquired a new stake in shares of Veralto during the fourth quarter worth approximately $25,000. Blue Trust Inc. bought a new stake in shares of Veralto in the fourth quarter worth $26,000. Dougherty Wealth Advisers LLC acquired a new stake in Veralto in the fourth quarter valued at $27,000. Finally, Livforsakringsbolaget Skandia Omsesidigt acquired a new stake in Veralto in the fourth quarter valued at $27,000. 91.28% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other Veralto news, SVP Melissa Aquino sold 8,041 shares of the business’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 transaction, the senior vice president now owns 20,761 shares in the company, valued at approximately $1,942,399.16. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, insider Mattias Bystrom sold 500 shares of the firm’s stock in a transaction that occurred on Friday, February 16th. The shares were sold at an average price of $86.10, for a total transaction of $43,050.00. Following the transaction, the insider now owns 30,310 shares in the company, valued at $2,609,691. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, 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 completion of the sale, 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.

Veralto Price Performance

Shares of VLTO opened at $95.89 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. Veralto Co. has a 12 month low of $65.51 and a 12 month high of $96.13. The stock has a fifty day moving average price of $89.20 and a 200 day moving average price of $80.93.

Veralto (NYSE:VLTO) last released its quarterly earnings results on Tuesday, April 23rd. The company reported $0.84 EPS for the quarter, topping the consensus estimate of $0.76 by $0.08. The firm had revenue of $1.25 billion for the quarter, compared to the consensus estimate of $1.23 billion. The business’s quarterly revenue was up 1.7% compared to the same quarter last year. As a group, sell-side analysts anticipate that Veralto Co. will post 3.34 EPS for the current fiscal year.

Veralto Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, April 30th. Shareholders of record on Thursday, March 28th were paid a $0.09 dividend. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $0.36 annualized dividend and a dividend yield of 0.38%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the stock. Royal Bank of Canada boosted their target price on shares of Veralto from $78.00 to $91.00 and gave the stock a “sector perform” rating in a research report on Thursday, February 8th. Citigroup boosted their price objective on Veralto from $89.00 to $94.00 and gave the company a “neutral” rating in a report on Monday, April 8th. The Goldman Sachs Group initiated coverage on Veralto in a report on Friday, March 22nd. They set a “buy” rating and a $104.00 target price on the stock. BNP Paribas initiated coverage on Veralto in a report on Tuesday, March 12th. They issued an “outperform” rating and a $103.00 price target for the company. Finally, BMO Capital Markets upped their price target on Veralto from $97.00 to $101.00 and gave the company an “outperform” rating in a research report on Thursday, April 25th. Five equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $95.18.

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.