Asset Management One Co. Ltd. Buys New Position in Veralto Co. (NYSE:VLTO)

Asset Management One Co. Ltd. acquired a new position in Veralto Co. (NYSE:VLTO) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 95,670 shares of the company’s stock, valued at approximately $7,944,000.

Several other hedge funds and other institutional investors have also bought and sold shares of VLTO. Defender Capital LLC. purchased a new position in Veralto in the fourth quarter worth $12,366,000. Factory Mutual Insurance Co. purchased a new position in Veralto in the fourth quarter worth $9,260,000. Fifth Third Bancorp purchased a new position in Veralto in the fourth quarter worth $8,876,000. Walter Public Investments Inc. purchased a new position in Veralto in the fourth quarter worth $7,157,000. Finally, AEGON ASSET MANAGEMENT UK Plc purchased a new position in Veralto in the fourth quarter worth $6,092,000. Hedge funds and other institutional investors own 91.28% of the company’s stock.

Insiders Place Their Bets

In other Veralto news, insider Mattias Bystrom sold 500 shares of the company’s stock in a transaction dated Friday, February 16th. The stock was sold at an average price of $86.10, for a total value of $43,050.00. Following the transaction, the insider now directly owns 30,310 shares in the company, valued at approximately $2,609,691. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 0.31% of the company’s stock.

Veralto Trading Up 0.7 %

NYSE:VLTO opened at $87.74 on Tuesday. The company has a debt-to-equity ratio of 1.89, a quick ratio of 1.40 and a current ratio of 1.64. The company’s fifty day moving average is $85.81. Veralto Co. has a 52-week low of $65.51 and a 52-week high of $90.69.

Veralto (NYSE:VLTO) last announced its earnings results on Tuesday, February 6th. The company reported $0.87 earnings per share for the quarter, topping analysts’ consensus estimates 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. Veralto’s revenue was up 3.2% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.80 earnings per share. Research analysts forecast that Veralto Co. will post 3.26 earnings per share for the current year.

Veralto Announces Dividend

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

Analysts Set New Price Targets

A number of research analysts have recently commented on VLTO shares. BNP Paribas started coverage on Veralto in a research report on Tuesday, March 12th. They set an “outperform” rating and a $103.00 price target on the stock. The Goldman Sachs Group started coverage on Veralto in a research report on Friday, March 22nd. They set a “buy” rating and a $104.00 price target on the stock. Deutsche Bank Aktiengesellschaft started coverage on Veralto in a research report on Wednesday, January 10th. They set a “hold” rating and a $79.00 price target on the stock. BMO Capital Markets started coverage on Veralto in a research report on Tuesday, February 27th. They set an “outperform” rating and a $97.00 price target on the stock. Finally, Argus started coverage on Veralto in a research report on Tuesday, January 9th. They set a “buy” rating and a $90.00 price target on the stock. Five analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat.com, Veralto currently has a consensus rating of “Moderate Buy” and a consensus price target 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.