1832 Asset Management L.P. Has $332,000 Stake in Veralto Co. (NYSE:VLTO)

1832 Asset Management L.P. lowered its position in Veralto Co. (NYSE:VLTOFree Report) by 98.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 4,033 shares of the company’s stock after selling 201,563 shares during the period. 1832 Asset Management L.P.’s holdings in Veralto were worth $332,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Capital International Investors acquired a new stake in shares of Veralto in the fourth quarter valued at approximately $538,324,000. Brown Advisory Inc. bought a new stake in shares of Veralto during the 4th quarter valued at $528,018,000. Impax Asset Management Group plc acquired a new stake in shares of Veralto during the fourth quarter worth $347,827,000. Norges Bank bought a new stake in Veralto in the fourth quarter valued at about $266,143,000. Finally, Franklin Resources Inc. acquired a new position in Veralto in the fourth quarter valued at about $178,006,000. 91.28% of the stock is owned by institutional investors and hedge funds.

Veralto Stock Performance

Shares of NYSE VLTO opened at $99.85 on Tuesday. The company has a debt-to-equity ratio of 1.76, a current ratio of 1.83 and a quick ratio of 1.56. The business’s 50 day moving average price is $94.91 and its two-hundred day moving average price is $86.34. Veralto Co. has a twelve month low of $65.51 and a twelve month high of $102.58.

Veralto (NYSE:VLTOGet Free Report) last posted 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 business had revenue of $1.25 billion during the quarter, compared to the consensus estimate of $1.23 billion. The business’s revenue was up 1.7% on a year-over-year basis. Analysts predict that Veralto Co. will post 3.34 EPS for the current year.

Veralto Dividend Announcement

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

Insider Activity

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

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the stock. The Goldman Sachs Group started coverage on shares of Veralto in a research note on Friday, March 22nd. They set a “buy” rating and a $104.00 price objective on the stock. Citigroup increased their price target on Veralto from $89.00 to $94.00 and gave the stock a “neutral” rating in a report on Monday, April 8th. BNP Paribas initiated coverage on Veralto in a research note on Tuesday, March 12th. They set an “outperform” rating and a $103.00 target price for the company. Stifel Nicolaus increased their price objective on shares of Veralto from $92.00 to $97.00 and gave the stock a “buy” rating in a research report on Wednesday, April 17th. Finally, Robert W. Baird upped their price objective on Veralto from $90.00 to $98.00 and gave the stock a “neutral” rating in a research report on Thursday, April 25th. Five research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $95.18.

Check Out Our Latest Stock Report on Veralto

Veralto Company 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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