Steward Partners Investment Advisory LLC Acquires New Position in Veralto Co. (NYSE:VLTO)

Steward Partners Investment Advisory LLC bought a new stake in shares of Veralto Co. (NYSE:VLTOFree Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 4,567 shares of the company’s stock, valued at approximately $376,000.

Several other institutional investors also recently made changes to their positions in the stock. Delta Asset Management LLC TN lifted its position in Veralto by 216.0% in the 4th quarter. Delta Asset Management LLC TN now owns 316 shares of the company’s stock valued at $26,000 after purchasing an additional 216 shares during the last quarter. Fishman Jay A Ltd. MI increased its stake in shares of Veralto by 6.0% in the fourth quarter. Fishman Jay A Ltd. MI now owns 4,174 shares of the company’s stock valued at $343,000 after purchasing an additional 238 shares during the period. Sugarloaf Wealth Management LLC bought a new stake in shares of Veralto during the fourth quarter valued at approximately $25,000. Blue Trust Inc. acquired a new position in shares of Veralto during the fourth quarter worth approximately $26,000. Finally, First Command Advisory Services Inc. bought a new position in Veralto in the 4th quarter worth approximately $25,000. 91.28% of the stock is owned by institutional investors.

Analysts Set New Price Targets

VLTO has been the subject of a number of analyst reports. Stifel Nicolaus boosted their price target on Veralto from $92.00 to $97.00 and gave the stock a “buy” rating in a research report on Wednesday, April 17th. Citigroup raised their target price 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. The Goldman Sachs Group started coverage on shares of Veralto in a research report on Friday, March 22nd. They set a “buy” rating and a $104.00 price target on the stock. BMO Capital Markets increased their price objective on shares of Veralto from $97.00 to $101.00 and gave the company an “outperform” rating in a report on Thursday, April 25th. Finally, Robert W. Baird boosted their target price on Veralto from $90.00 to $98.00 and gave the stock a “neutral” rating in a report on Thursday, April 25th. Five equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $95.18.

View Our Latest Stock Analysis on VLTO

Veralto Price Performance

Shares of NYSE VLTO opened at $99.22 on Friday. The business has a fifty day simple moving average of $94.66 and a 200-day simple moving average of $85.96. Veralto Co. has a 12 month low of $65.51 and a 12 month high of $102.58. The company has a quick ratio of 1.56, a current ratio of 1.83 and a debt-to-equity ratio of 1.76.

Veralto (NYSE:VLTOGet Free Report) last announced 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 firm had revenue of $1.25 billion during the quarter, compared to analyst estimates of $1.23 billion. The company’s revenue for the quarter was up 1.7% compared to the same quarter last year. On average, research analysts predict that Veralto Co. will post 3.34 earnings per share for the current fiscal year.

Veralto Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 31st. Shareholders of record on Friday, June 28th will be paid a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a yield of 0.36%. The ex-dividend date is Friday, June 28th.

Insider Activity

In other news, SVP Mattias Bystrom sold 302 shares of Veralto stock in a transaction on Thursday, May 23rd. The stock was sold at an average price of $100.38, for a total transaction of $30,314.76. Following the transaction, the senior vice president now owns 34,045 shares in the company, valued at $3,417,437.10. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other Veralto news, SVP Melissa Aquino sold 8,041 shares of the business’s stock in a transaction dated Friday, April 26th. The stock was sold at an average price of $93.56, for a total value of $752,315.96. Following the transaction, the senior vice president now owns 20,761 shares in the company, valued at $1,942,399.16. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Mattias Bystrom sold 302 shares of the firm’s stock in a transaction dated Thursday, May 23rd. The stock was sold at an average price of $100.38, for a total value of $30,314.76. Following the sale, the senior vice president now directly owns 34,045 shares of the company’s stock, valued at $3,417,437.10. The disclosure for this sale can be found here. Corporate insiders own 0.31% of the company’s stock.

Veralto Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Veralto (NYSE:VLTO)

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