Veralto Co. (NYSE:VLTO) Shares Bought by Signaturefd LLC

Signaturefd LLC grew its stake in Veralto Co. (NYSE:VLTO) by 4,660.4% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,523 shares of the company’s stock after purchasing an additional 2,470 shares during the period. Signaturefd LLC’s holdings in Veralto were worth $208,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. Fishman Jay A Ltd. MI raised its position in shares of Veralto by 6.0% during the 4th quarter. Fishman Jay A Ltd. MI now owns 4,174 shares of the company’s stock worth $343,000 after purchasing an additional 238 shares during the last quarter. Sugarloaf Wealth Management LLC acquired a new stake in shares of Veralto in the fourth quarter worth approximately $25,000. Blue Trust Inc. purchased a new stake in shares of Veralto during the fourth quarter worth approximately $26,000. Livforsakringsbolaget Skandia Omsesidigt purchased a new position in Veralto in the 4th quarter valued at $27,000. Finally, Dougherty Wealth Advisers LLC purchased a new position in Veralto in the 4th quarter valued at $27,000. 91.28% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Veralto

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

Wall Street Analysts Forecast Growth

VLTO has been the subject of a number of recent research reports. Royal Bank of Canada increased their target price on shares of Veralto from $78.00 to $91.00 and gave the company a “sector perform” rating in a research report on Thursday, February 8th. BMO Capital Markets raised their target price on shares of Veralto from $97.00 to $101.00 and gave the stock an “outperform” rating in a research note on Thursday. The Goldman Sachs Group initiated coverage on Veralto in a research report on Friday, March 22nd. They issued a “buy” rating and a $104.00 price target for the company. Citigroup lifted their price objective on Veralto from $89.00 to $94.00 and gave the stock a “neutral” rating in a research report on Monday, April 8th. Finally, Robert W. Baird raised their target price on Veralto from $90.00 to $98.00 and gave the stock a “neutral” rating in a research note on Thursday. Five 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.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $95.18.

Veralto Stock Up 0.4 %

Shares of NYSE:VLTO opened at $94.12 on Friday. The business has a 50-day moving average price of $88.53 and a 200 day moving average price of $80.40. Veralto Co. has a 12-month low of $65.51 and a 12-month high of $95.40. The company has a debt-to-equity ratio of 1.76, a current ratio of 1.83 and a quick ratio of 1.40.

Veralto (NYSE:VLTO) last announced its quarterly earnings results on Tuesday, April 23rd. The company reported $0.84 earnings per share for the quarter, beating analysts’ consensus estimates of $0.76 by $0.08. The company 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% compared to the same quarter last year. As a group, analysts expect that Veralto Co. will post 3.34 EPS for the current year.

Veralto Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 30th. Shareholders 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 yield of 0.38%. The ex-dividend date of this dividend is Wednesday, March 27th.

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.