65,352 Shares in Veralto Co. (NYSE:VLTO) Acquired by Perpetual Ltd

Perpetual Ltd bought a new position in shares of Veralto Co. (NYSE:VLTO) in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 65,352 shares of the company’s stock, valued at approximately $5,794,000.

Several other institutional investors have also recently added to or reduced their stakes in the business. Mather Group LLC. purchased a new stake in Veralto during the first quarter worth approximately $33,000. GAMMA Investing LLC lifted its stake in Veralto by 41.4% during the first quarter. GAMMA Investing LLC now owns 1,743 shares of the company’s stock worth $155,000 after purchasing an additional 510 shares during the last quarter. Newbridge Financial Services Group Inc. purchased a new stake in Veralto during the fourth quarter worth approximately $32,000. Nomura Holdings Inc. purchased a new stake in Veralto during the fourth quarter worth approximately $717,000. Finally, HighPoint Advisor Group LLC purchased a new stake in Veralto during the fourth quarter worth approximately $1,056,000. Hedge funds and other institutional investors own 91.28% of the company’s stock.

Veralto Trading Down 0.9 %

Shares of NYSE:VLTO traded down $0.95 during trading on Thursday, reaching $100.27. The company had a trading volume of 1,734,440 shares, compared to its average volume of 1,548,202. The company has a current ratio of 1.83, a quick ratio of 1.56 and a debt-to-equity ratio of 1.76. The stock’s fifty day moving average price is $96.78 and its 200 day moving average price is $87.54. Veralto Co. has a fifty-two week low of $65.51 and a fifty-two week high of $102.58.

Veralto (NYSE:VLTO) last posted its earnings results on Tuesday, April 23rd. The company reported $0.84 earnings per share for the quarter, beating 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. Veralto’s revenue for the quarter was up 1.7% compared to the same quarter last year. Analysts anticipate that Veralto Co. will post 3.34 earnings per share for the current 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 issued a $0.09 dividend. This represents a $0.36 annualized dividend and a yield of 0.36%. The ex-dividend date of this dividend is Friday, June 28th.

Insider Buying and Selling at Veralto

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

Wall Street Analyst Weigh In

VLTO has been the subject of several recent analyst reports. The Goldman Sachs Group initiated coverage on Veralto in a research note on Friday, March 22nd. They issued a “buy” rating and a $104.00 price objective for the company. TD Cowen initiated coverage on Veralto in a research note on Monday. They issued a “hold” rating and a $95.00 price objective for the company. Robert W. Baird boosted their price objective on Veralto from $90.00 to $98.00 and gave the company a “neutral” rating in a research note on Thursday, April 25th. Stifel Nicolaus boosted their price objective on Veralto from $92.00 to $97.00 and gave the company a “buy” rating in a research note on Wednesday, April 17th. Finally, BMO Capital Markets boosted their price objective on Veralto from $97.00 to $101.00 and gave the company an “outperform” rating in a research note on Thursday, April 25th. Six analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $96.00.

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.