3,666 Shares in Veralto Co. (NYSE:VLTO) Acquired by CENTRAL TRUST Co

CENTRAL TRUST Co acquired a new position in Veralto Co. (NYSE:VLTO) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 3,666 shares of the company’s stock, valued at approximately $302,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Sugarloaf Wealth Management LLC purchased a new position in shares of Veralto in the fourth quarter worth approximately $25,000. Blue Trust Inc. purchased a new position in Veralto during the fourth quarter valued at approximately $26,000. Dougherty Wealth Advisers LLC purchased a new position in Veralto during the fourth quarter valued at approximately $27,000. Gradient Investments LLC lifted its holdings in Veralto by 2,678.6% during the fourth quarter. Gradient Investments LLC now owns 389 shares of the company’s stock valued at $32,000 after purchasing an additional 375 shares in the last quarter. Finally, Fortitude Family Office LLC purchased a new position in Veralto during the fourth quarter valued at approximately $35,000. Hedge funds and other institutional investors own 91.28% of the company’s stock.

Veralto Stock Performance

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

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

Veralto Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 30th. Shareholders 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 yield of 0.41%. The ex-dividend date is Wednesday, March 27th.

Insider Buying and Selling at Veralto

In other Veralto news, insider Mattias Bystrom sold 500 shares of the business’s stock in a transaction 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 at this hyperlink. Company insiders own 0.31% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the stock. Stifel Nicolaus lowered their price target 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. BNP Paribas began coverage on shares of Veralto in a research report on Tuesday, March 12th. They set an “outperform” rating and a $103.00 price objective on the stock. The Goldman Sachs Group began coverage on shares of Veralto in a research report on Friday, March 22nd. They set a “buy” rating and a $104.00 price objective on the stock. Wolfe Research began coverage on shares of Veralto in a research report on Wednesday, December 13th. They set a “peer perform” rating on the stock. Finally, Deutsche Bank Aktiengesellschaft began coverage on shares of Veralto in a research report on Wednesday, January 10th. They set a “hold” rating and a $79.00 price objective on the stock. Five investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $92.00.

Veralto 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.