Caldwell Sutter Capital Inc. Buys Shares of 1,082 Veralto Co. (NYSE:VLTO)

Caldwell Sutter Capital Inc. bought a new position in shares of Veralto Co. (NYSE:VLTOFree Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 1,082 shares of the company’s stock, valued at approximately $89,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Fifth Third Bancorp bought a new position in shares of Veralto in the fourth quarter valued at $8,876,000. Mirador Capital Partners LP acquired a new stake in shares of Veralto during the fourth quarter worth $548,000. BLB&B Advisors LLC purchased a new stake in shares of Veralto during the fourth quarter valued at $224,000. PFG Advisors acquired a new position in shares of Veralto in the 4th quarter valued at $325,000. Finally, Pinnacle Associates Ltd. purchased a new position in Veralto in the 4th quarter worth about $621,000. Institutional investors own 91.28% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have commented on VLTO shares. Argus assumed coverage on shares of Veralto in a report on Tuesday, January 9th. They issued a “buy” rating and a $90.00 target price for the company. BMO Capital Markets started coverage on shares of Veralto in a research note on Tuesday, February 27th. They set an “outperform” rating and a $97.00 target price on the stock. The Goldman Sachs Group initiated 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. Royal Bank of Canada increased their price objective on Veralto from $78.00 to $91.00 and gave the stock a “sector perform” rating in a research note on Thursday, February 8th. Finally, Stifel Nicolaus lowered their target price on Veralto from $83.00 to $82.00 and set a “buy” rating on the stock in a research note on Tuesday, January 23rd. Five analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $91.36.

Read Our Latest Report on VLTO

Insiders Place Their Bets

In related news, insider Mattias Bystrom sold 500 shares of the business’s stock in a transaction on Friday, February 16th. The stock was sold at an average price of $86.10, for a total value of $43,050.00. Following the sale, the insider now owns 30,310 shares of the company’s stock, valued at approximately $2,609,691. The sale was disclosed in a legal filing with the SEC, which is available through this link.

Veralto Stock Down 1.2 %

Shares of NYSE:VLTO opened at $88.66 on Monday. The business has a 50-day moving average of $84.68. The company has a quick ratio of 1.40, a current ratio of 1.64 and a debt-to-equity ratio of 1.89. Veralto Co. has a fifty-two week low of $65.51 and a fifty-two week high of $90.69.

Veralto (NYSE:VLTOGet Free Report) last posted its earnings results on Tuesday, February 6th. The company reported $0.87 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.80 by $0.07. The firm had revenue of $1.29 billion during the quarter, compared to analyst estimates of $1.25 billion. The business’s quarterly revenue was up 3.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.80 earnings per share. On average, equities analysts predict that Veralto Co. will post 3.26 EPS for the current fiscal year.

Veralto Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 30th. Investors of record on Thursday, March 28th will be paid a $0.09 dividend. This represents a $0.36 annualized dividend and a dividend yield of 0.41%. The ex-dividend date is Wednesday, March 27th.

Veralto Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Veralto (NYSE:VLTO)

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