1,126 Shares in Veralto Co. (NYSE:VLTO) Purchased by Lindbrook Capital LLC

Lindbrook Capital LLC purchased a new position in shares of Veralto Co. (NYSE:VLTO) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 1,126 shares of the company’s stock, valued at approximately $93,000.

A number of other hedge funds have also bought and sold shares of the business. Impax Asset Management Group plc bought a new position in Veralto during the fourth quarter worth about $347,827,000. abrdn plc bought a new position in Veralto in the 4th quarter valued at about $80,959,000. Vontobel Holding Ltd. bought a new position in Veralto in the 4th quarter valued at about $60,495,000. DekaBank Deutsche Girozentrale bought a new position in Veralto in the 4th quarter valued at about $59,869,000. Finally, Sumitomo Mitsui Trust Holdings Inc. bought a new position in Veralto in the 4th quarter valued at about $47,229,000. 91.28% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities analysts have commented on VLTO shares. Argus started coverage on shares of Veralto in a report on Tuesday, January 9th. They issued a “buy” rating and a $90.00 target price on the stock. BNP Paribas initiated coverage on shares of Veralto in a research note on Tuesday, March 12th. They issued an “outperform” rating and a $103.00 price target on the stock. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Veralto in a research note on Wednesday, January 10th. They issued a “hold” rating and a $79.00 price target on the stock. BMO Capital Markets initiated coverage on shares of Veralto in a research note on Tuesday, February 27th. They issued an “outperform” rating and a $97.00 price target on the stock. Finally, Citigroup raised 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. Five equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $93.36.

Veralto Stock Down 1.4 %

NYSE:VLTO opened at $92.40 on Thursday. The firm’s 50 day simple moving average is $88.23 and its 200 day simple moving average is $80.13. 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 Co. has a one year low of $65.51 and a one year high of $95.40.

Veralto (NYSE:VLTO) last posted its earnings results on Tuesday, April 23rd. The company reported $0.84 EPS for the quarter, topping the consensus estimate of $0.76 by $0.08. The business had revenue of $1.25 billion for the quarter, compared to analyst estimates of $1.23 billion. The company’s revenue was up 1.7% on a year-over-year basis. On average, equities analysts anticipate that Veralto Co. will post 3.26 EPS for the current fiscal year.

Veralto Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 30th. Stockholders of record on Thursday, March 28th will be given a $0.09 dividend. The ex-dividend date is Wednesday, March 27th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 0.39%.

Insider Transactions at Veralto

In other news, insider Mattias Bystrom sold 500 shares of the business’s stock in a transaction that occurred on Friday, February 16th. The shares were sold at an average price of $86.10, for a total value of $43,050.00. Following the transaction, the insider now 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 can be accessed through the SEC website. Corporate insiders own 0.31% of the company’s stock.

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.