Allspring Global Investments Holdings LLC Invests $1.01 Million in Veralto Co. (NYSE:VLTO)

Allspring Global Investments Holdings LLC acquired a new position in shares of Veralto Co. (NYSE:VLTO) in the 4th quarter, Holdings Channel.com reports. The fund acquired 12,272 shares of the company’s stock, valued at approximately $1,009,000.

Several other large investors also recently made changes to their positions in VLTO. Factory Mutual Insurance Co. acquired a new position in Veralto during the fourth quarter worth $9,260,000. State of Michigan Retirement System acquired a new position in Veralto during the fourth quarter worth $4,940,000. Asset Management One Co. Ltd. acquired a new position in Veralto during the fourth quarter worth $7,944,000. LS Investment Advisors LLC acquired a new position in Veralto during the fourth quarter worth $1,660,000. Finally, City Holding Co. acquired a new position in Veralto during the fourth quarter worth $1,229,000. Institutional investors own 91.28% of the company’s stock.

Insider Transactions at Veralto

In related news, insider Mattias Bystrom sold 500 shares of the firm’s stock in a transaction dated 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 directly owns 30,310 shares of the company’s stock, valued at $2,609,691. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.31% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research analysts recently commented on VLTO shares. The Goldman Sachs Group started coverage on shares of Veralto in a report on Friday, March 22nd. They set a “buy” rating and a $104.00 target price for the company. Argus started coverage on shares of Veralto in a report on Tuesday, January 9th. They set a “buy” rating and a $90.00 target price for the company. Citigroup increased their price target on shares of Veralto from $89.00 to $94.00 and gave the company a “neutral” rating in a research note on Monday, April 8th. BNP Paribas started coverage on shares of Veralto in a research note on Tuesday, March 12th. They issued an “outperform” rating and a $103.00 price target for the company. Finally, Stifel Nicolaus increased their price target on shares of Veralto from $92.00 to $97.00 and gave the company a “buy” rating in a research note on Wednesday, April 17th. Five investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $93.36.

Veralto Stock Performance

NYSE VLTO opened at $93.75 on Wednesday. The firm has a 50-day moving average of $88.06 and a 200-day moving average of $80.05. 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 52-week low of $65.51 and a 52-week high of $93.85.

Veralto (NYSE:VLTO) last posted its earnings results on Tuesday, February 6th. The company reported $0.87 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.80 by $0.07. The company had revenue of $1.29 billion for 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 prior year, the business posted $0.80 EPS. On average, research analysts forecast that Veralto Co. will post 3.26 earnings per share for the current fiscal year.

Veralto Announces Dividend

The business 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. This represents a $0.36 dividend on an annualized basis and a dividend yield of 0.38%. The ex-dividend date of this dividend 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.