237,028 Shares in Veralto Co. (NYSE:VLTO) Purchased by New York State Teachers Retirement System

New York State Teachers Retirement System acquired a new position in Veralto Co. (NYSE:VLTO) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 237,028 shares of the company’s stock, valued at approximately $19,498,000. New York State Teachers Retirement System owned about 0.10% of Veralto at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Fishman Jay A Ltd. MI grew its stake in Veralto by 6.0% during the 4th quarter. Fishman Jay A Ltd. MI now owns 4,174 shares of the company’s stock valued at $343,000 after acquiring an additional 238 shares in the last quarter. Sugarloaf Wealth Management LLC acquired a new position in shares of Veralto during the 4th quarter worth approximately $25,000. Blue Trust Inc. purchased a new stake in shares of Veralto in the fourth quarter valued at approximately $26,000. Dougherty Wealth Advisers LLC acquired a new stake in shares of Veralto in the fourth quarter valued at approximately $27,000. Finally, Gradient Investments LLC lifted its position in Veralto by 2,678.6% during the fourth quarter. Gradient Investments LLC now owns 389 shares of the company’s stock worth $32,000 after buying an additional 375 shares in the last quarter. 91.28% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on VLTO. BMO Capital Markets initiated coverage on Veralto in a research note on Tuesday, February 27th. They issued an “outperform” rating and a $97.00 target price for the company. Wolfe Research began coverage on shares of Veralto in a research report on Wednesday, December 13th. They set a “peer perform” rating for the company. Stifel Nicolaus decreased their target price on shares of Veralto from $83.00 to $82.00 and set a “buy” rating on the stock in a report on Tuesday, January 23rd. Citigroup raised their price target on shares of Veralto from $89.00 to $94.00 and gave the stock a “neutral” rating in a report on Monday. Finally, 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 price objective for the company. Five investment 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.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $92.00.

Insider Transactions at Veralto

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 transaction of $43,050.00. Following the completion of the transaction, the insider now directly owns 30,310 shares of the company’s stock, valued at approximately $2,609,691. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.31% of the company’s stock.

Veralto Stock Up 0.7 %

Shares of NYSE VLTO opened at $87.74 on Tuesday. The company has a quick ratio of 1.40, a current ratio of 1.64 and a debt-to-equity ratio of 1.89. The company has a fifty day moving average price of $85.81. Veralto Co. has a twelve month low of $65.51 and a twelve month high of $90.69.

Veralto (NYSE:VLTO) last issued its quarterly earnings results on Tuesday, February 6th. The company reported $0.87 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.80 by $0.07. The business had revenue of $1.29 billion for the quarter, compared to analyst estimates of $1.25 billion. The firm’s revenue for the quarter was up 3.2% compared to the same quarter last year. During the same period in the prior year, the company posted $0.80 EPS. As a group, analysts anticipate that Veralto Co. will post 3.26 earnings per share for the current year.

Veralto Dividend Announcement

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

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.