Global Retirement Partners LLC Boosts Stock Holdings in Veralto Co. (NYSE:VLTO)

Global Retirement Partners LLC boosted its stake in shares of Veralto Co. (NYSE:VLTOFree Report) by 63.6% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 3,843 shares of the company’s stock after acquiring an additional 1,494 shares during the period. Global Retirement Partners LLC’s holdings in Veralto were worth $316,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the stock. Walter Public Investments Inc. purchased a new position in Veralto during the fourth quarter valued at $7,157,000. AEGON ASSET MANAGEMENT UK Plc bought a new position in Veralto during the fourth quarter valued at $6,092,000. Arthur M. Cohen & Associates LLC bought a new position in Veralto during the fourth quarter valued at $5,374,000. Nordea Investment Management AB bought a new position in Veralto during the fourth quarter valued at $5,075,000. Finally, DNB Asset Management AS bought a new position in Veralto during the fourth quarter valued at $4,711,000. 91.28% of the stock is owned by hedge funds and other institutional investors.

Veralto Trading Down 1.1 %

Shares of VLTO opened at $86.59 on Wednesday. Veralto Co. has a 1-year low of $65.51 and a 1-year high of $90.69. The firm’s 50-day moving average is $85.00. The company has a debt-to-equity ratio of 1.89, a current ratio of 1.64 and a quick ratio of 1.40.

Veralto (NYSE:VLTOGet Free Report) last posted its earnings results on Tuesday, February 6th. The company reported $0.87 EPS for the quarter, beating analysts’ consensus estimates of $0.80 by $0.07. The business had revenue of $1.29 billion for the quarter, compared to analysts’ expectations of $1.25 billion. The company’s revenue for the quarter was up 3.2% on a year-over-year basis. During the same period last year, the business posted $0.80 EPS. Equities research analysts predict that Veralto Co. will post 3.26 EPS for the current year.

Veralto Dividend Announcement

The firm also recently announced 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 dividend on an annualized basis and a yield of 0.42%. The ex-dividend date is Wednesday, March 27th.

Insider Buying and Selling at Veralto

In other news, insider Mattias Bystrom sold 500 shares of Veralto stock in a transaction that occurred on Friday, February 16th. The shares were sold at an average price of $86.10, for a total value of $43,050.00. Following the transaction, the insider now owns 30,310 shares of the company’s stock, valued at approximately $2,609,691. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.

Analyst Upgrades and Downgrades

Several equities analysts have commented on VLTO shares. Argus started coverage on shares of Veralto in a research report on Tuesday, January 9th. They set a “buy” rating and a $90.00 price objective for the company. BMO Capital Markets started coverage on shares of Veralto in a research report on Tuesday, February 27th. They set an “outperform” rating and a $97.00 price objective for the company. Wolfe Research initiated coverage on shares of Veralto in a research report on Wednesday, December 13th. They set a “peer perform” rating for the company. The Goldman Sachs Group initiated coverage on shares of Veralto in a report on Friday, March 22nd. They issued a “buy” rating and a $104.00 target price for the company. Finally, Stifel Nicolaus lowered their target price on shares of Veralto from $83.00 to $82.00 and set a “buy” rating for the company in a report on Tuesday, January 23rd. Five analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $91.36.

View Our Latest Report on Veralto

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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