39,403 Shares in Veralto Co. (NYSE:VLTO) Acquired by International Assets Investment Management LLC

International Assets Investment Management LLC acquired a new stake in Veralto Co. (NYSE:VLTO) in the 4th quarter, according to the company in its most recent filing with the SEC. The fund acquired 39,403 shares of the company’s stock, valued at approximately $3,241,000.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Sugarloaf Wealth Management LLC bought a new position in shares of Veralto in the fourth quarter valued at about $25,000. Blue Trust Inc. bought a new stake in shares of Veralto during the 4th quarter valued at $26,000. Dougherty Wealth Advisers LLC bought a new stake in shares of Veralto during the 4th quarter valued at $27,000. Gradient Investments LLC boosted its position in shares of Veralto by 2,678.6% in the 4th quarter. Gradient Investments LLC now owns 389 shares of the company’s stock worth $32,000 after purchasing an additional 375 shares during the last quarter. Finally, Fortitude Family Office LLC bought a new stake in Veralto in the fourth quarter valued at about $35,000. Institutional investors and hedge funds own 91.28% of the company’s stock.

Wall Street Analysts Forecast Growth

VLTO has been the topic of a number of recent analyst reports. The Goldman Sachs Group assumed coverage on Veralto in a report on Friday, March 22nd. They set a “buy” rating and a $104.00 target price on the stock. Citigroup upped 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. BNP Paribas started coverage on shares of Veralto in a research report on Tuesday, March 12th. They set an “outperform” rating and a $103.00 price target on the stock. Argus assumed coverage on shares of Veralto in a research report on Tuesday, January 9th. They issued a “buy” rating and a $90.00 price objective for the company. Finally, Royal Bank of Canada lifted their target price on Veralto from $78.00 to $91.00 and gave the stock a “sector perform” rating in a report on Thursday, February 8th. Five investment 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 has a consensus rating of “Moderate Buy” and an average price target of $93.36.

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 shares were sold at an average price of $86.10, for a total transaction of $43,050.00. Following the transaction, the insider now directly owns 30,310 shares in the company, valued at $2,609,691. The sale was disclosed in a filing with the SEC, which is available through this link. Company insiders own 0.31% of the company’s stock.

Veralto Stock Down 0.4 %

Shares of VLTO opened at $90.55 on Thursday. The company has a 50 day moving average of $87.42 and a 200-day moving average of $79.66. The company has a quick ratio of 1.40, a current ratio of 1.64 and a debt-to-equity ratio of 1.89. Veralto Co. has a twelve month low of $65.51 and a twelve month high of $92.15.

Veralto (NYSE:VLTO) last issued its quarterly earnings results on Tuesday, February 6th. The company reported $0.87 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.80 by $0.07. The business had revenue of $1.29 billion during the quarter, compared to analyst estimates of $1.25 billion. During the same quarter in the previous year, the firm posted $0.80 earnings per share. The firm’s quarterly revenue was up 3.2% on a year-over-year basis. On average, sell-side analysts predict that Veralto Co. will post 3.26 EPS for the current year.

Veralto Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 30th. Shareholders of record on Thursday, March 28th will be given a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a dividend yield of 0.40%. The ex-dividend date is Wednesday, March 27th.

About Veralto

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.