13,746 Shares in Veralto Co. (NYSE:VLTO) Acquired by First Bank & Trust

First Bank & Trust acquired a new stake in shares of Veralto Co. (NYSE:VLTO) during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 13,746 shares of the company’s stock, valued at approximately $1,219,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in VLTO. Sugarloaf Wealth Management LLC bought a new stake in Veralto during the 4th quarter worth about $25,000. Blue Trust Inc. bought a new position in Veralto during the fourth quarter worth $26,000. First Command Advisory Services Inc. acquired a new stake in Veralto in the 4th quarter worth about $25,000. Delta Asset Management LLC TN increased its holdings 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 buying an additional 216 shares during the period. Finally, Livforsakringsbolaget Skandia Omsesidigt bought a new stake in shares of Veralto during the 4th quarter valued at approximately $27,000. 91.28% of the stock is owned by hedge funds and other institutional investors.

Veralto Stock Performance

VLTO stock traded down $2.05 during mid-day trading on Friday, reaching $95.47. 9,333,707 shares of the stock traded hands, compared to its average volume of 1,442,760. The business has a 50-day moving average of $98.09 and a two-hundred day moving average of $88.64. 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 Co. has a 52 week low of $65.51 and a 52 week high of $102.58.

Veralto (NYSE:VLTO) last posted its quarterly earnings results on Tuesday, April 23rd. The company reported $0.84 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.76 by $0.08. The business had revenue of $1.25 billion during the quarter, compared to analyst estimates of $1.23 billion. Veralto’s revenue was up 1.7% compared to the same quarter last year. On average, research analysts predict that Veralto Co. will post 3.37 earnings per share for the current fiscal year.

Veralto Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 31st. Shareholders of record on Friday, June 28th will be paid a $0.09 dividend. The ex-dividend date is Friday, June 28th. This represents a $0.36 annualized dividend and a yield of 0.38%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on VLTO. The Goldman Sachs Group initiated coverage on shares of Veralto in a research report on Friday, March 22nd. They issued a “buy” rating and a $104.00 price target on the stock. Stifel Nicolaus lifted their price objective on Veralto from $92.00 to $97.00 and gave the stock a “buy” rating in a report on Wednesday, April 17th. Citigroup upped their price objective on Veralto from $89.00 to $94.00 and gave the stock a “neutral” rating in a report on Monday, April 8th. TD Cowen started coverage on Veralto in a research report on Monday, June 17th. They set a “hold” rating and a $95.00 price target on the stock. Finally, BMO Capital Markets increased their price objective on Veralto from $97.00 to $101.00 and gave the company an “outperform” rating in a report on Thursday, April 25th. Six equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $96.00.

Insider Buying and Selling at Veralto

In other Veralto news, SVP Mattias Bystrom sold 302 shares of Veralto stock in a transaction dated 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 approximately $3,417,437.10. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other Veralto news, SVP Mattias Bystrom sold 302 shares of the business’s stock in a transaction that occurred on 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 of the company’s stock, valued at approximately $3,417,437.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Melissa Aquino sold 8,041 shares of the company’s stock in a transaction 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 sale, the senior vice president now directly owns 20,761 shares in the company, valued at $1,942,399.16. The disclosure for this sale can be found here. Company insiders own 0.31% of the company’s stock.

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.