Venture Visionary Partners LLC Invests $202,000 in Veralto Co. (NYSE:VLTO)

Venture Visionary Partners LLC acquired a new position in shares of Veralto Co. (NYSE:VLTO) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 2,455 shares of the company’s stock, valued at approximately $202,000.

Several other institutional investors and hedge funds also recently modified their holdings of VLTO. Defender Capital LLC. acquired a new position in Veralto during the fourth quarter valued at approximately $12,366,000. Chevy Chase Trust Holdings LLC acquired a new position in Veralto during the fourth quarter valued at approximately $11,531,000. Factory Mutual Insurance Co. acquired a new position in Veralto during the fourth quarter valued at approximately $9,260,000. Fifth Third Bancorp acquired a new position in Veralto during the fourth quarter valued at approximately $8,876,000. Finally, Asset Management One Co. Ltd. acquired a new position in Veralto during the fourth quarter valued at approximately $7,944,000. 91.28% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Veralto news, insider Mattias Bystrom sold 500 shares of the firm’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 transaction, the insider now owns 30,310 shares in the company, valued at approximately $2,609,691. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Corporate insiders own 0.31% of the company’s stock.

Veralto Trading Up 0.7 %

Shares of 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. Veralto Co. has a 1-year low of $65.51 and a 1-year high of $90.69. The business’s 50 day moving average price is $85.81.

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 firm had revenue of $1.29 billion for the quarter, compared to the consensus estimate of $1.25 billion. Veralto’s revenue for the quarter was up 3.2% on a year-over-year basis. During the same quarter last year, the business posted $0.80 EPS. On average, sell-side analysts forecast that Veralto Co. will post 3.26 earnings per share for the current fiscal year.

Veralto Dividend Announcement

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

Analyst Upgrades and Downgrades

Several research analysts recently commented on VLTO shares. 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 for the company. Citigroup raised their price objective on Veralto from $89.00 to $94.00 and gave the company a “neutral” rating in a research report on Monday. Wolfe Research assumed coverage on Veralto in a research report on Wednesday, December 13th. They issued a “peer perform” rating for the company. Royal Bank of Canada raised their price objective on Veralto from $78.00 to $91.00 and gave the company a “sector perform” rating in a research report on Thursday, February 8th. Finally, BNP Paribas assumed coverage on Veralto in a research report on Tuesday, March 12th. They issued an “outperform” rating and a $103.00 price objective for the company. Five equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $92.00.

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.