Webster Bank N. A. Makes New $975,000 Investment in Veralto Co. (NYSE:VLTO)

Webster Bank N. A. purchased a new position in shares of Veralto Co. (NYSE:VLTOFree Report) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 11,854 shares of the company’s stock, valued at approximately $975,000.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Fifth Third Bancorp purchased a new stake in shares of Veralto during the fourth quarter worth approximately $8,876,000. Walter Public Investments Inc. purchased a new stake in shares of Veralto during the fourth quarter worth approximately $7,157,000. AEGON ASSET MANAGEMENT UK Plc acquired a new position in Veralto in the fourth quarter valued at approximately $6,092,000. Arthur M. Cohen & Associates LLC acquired a new position in Veralto in the fourth quarter valued at approximately $5,374,000. Finally, Nordea Investment Management AB acquired a new position in Veralto in the fourth quarter valued at approximately $5,075,000. 91.28% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, insider Mattias Bystrom sold 500 shares of Veralto stock in a transaction dated Friday, February 16th. The stock was sold at an average price of $86.10, for a total value of $43,050.00. Following the transaction, the insider now directly owns 30,310 shares of the company’s stock, valued at approximately $2,609,691. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Analysts Set New Price Targets

A number of brokerages recently issued reports on VLTO. Argus began coverage on Veralto in a report on Tuesday, January 9th. They issued a “buy” rating and a $90.00 price target for the company. Royal Bank of Canada increased their price objective on Veralto from $78.00 to $91.00 and gave the company a “sector perform” rating in a report on Thursday, February 8th. BNP Paribas began coverage on Veralto in a report on Tuesday, March 12th. They issued an “outperform” rating and a $103.00 price objective for the company. BMO Capital Markets began coverage on Veralto in a report on Tuesday, February 27th. They issued an “outperform” rating and a $97.00 price objective for the company. Finally, The Goldman Sachs Group began coverage on Veralto in a report on Friday, March 22nd. They issued a “buy” rating and a $104.00 price objective for the company. Five research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat, Veralto currently has a consensus rating of “Moderate Buy” and a consensus target price of $91.36.

Read Our Latest Analysis on VLTO

Veralto Stock Up 0.8 %

VLTO opened at $87.25 on Thursday. The company has a current ratio of 1.64, a quick ratio of 1.40 and a debt-to-equity ratio of 1.89. Veralto Co. has a 52 week low of $65.51 and a 52 week high of $90.69. The firm’s fifty day moving average is $85.22.

Veralto (NYSE:VLTOGet Free Report) last issued its quarterly earnings results on Tuesday, February 6th. The company reported $0.87 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 period in the previous year, the business posted $0.80 earnings per share. The firm’s quarterly revenue was up 3.2% on a year-over-year basis. On average, equities analysts expect that Veralto Co. will post 3.26 EPS for the current fiscal year.

Veralto Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 30th. Stockholders of record on Thursday, March 28th will be paid a $0.09 dividend. This represents a $0.36 annualized dividend and a dividend yield of 0.41%. The ex-dividend date of this dividend is Wednesday, March 27th.

About Veralto

(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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