Mirae Asset Global Investments Co. Ltd. Buys Shares of 37,215 Veralto Co. (NYSE:VLTO)

Mirae Asset Global Investments Co. Ltd. bought a new stake in Veralto Co. (NYSE:VLTO) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 37,215 shares of the company’s stock, valued at approximately $3,061,000.

Several other hedge funds and other institutional investors also recently modified their holdings of VLTO. DekaBank Deutsche Girozentrale acquired a new stake in shares of Veralto in the 4th quarter valued at approximately $59,869,000. New York State Teachers Retirement System acquired a new stake in shares of Veralto in the 4th quarter valued at approximately $19,498,000. Defender Capital LLC. acquired a new stake in shares of Veralto in the 4th quarter valued at approximately $12,366,000. Chevy Chase Trust Holdings LLC acquired a new stake in shares of Veralto in the 4th quarter valued at approximately $11,531,000. Finally, Factory Mutual Insurance Co. acquired a new stake in shares of Veralto in the 4th quarter valued at approximately $9,260,000. 91.28% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

VLTO has been the subject of several recent analyst reports. BNP Paribas initiated coverage on Veralto in a report on Tuesday, March 12th. They issued an “outperform” rating and a $103.00 price target for the company. Argus assumed coverage on Veralto in a report on Tuesday, January 9th. They issued a “buy” rating and a $90.00 price target for the company. Stifel Nicolaus boosted their target price on Veralto from $92.00 to $97.00 and gave the stock a “buy” rating in a research report on Wednesday. The Goldman Sachs Group started coverage on Veralto in a research report on Friday, March 22nd. They issued a “buy” rating and a $104.00 price target for the company. Finally, Royal Bank of Canada boosted their price objective on shares of Veralto from $78.00 to $91.00 and gave the stock a “sector perform” rating in a research report on Thursday, February 8th. Five equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $93.36.

Insiders Place Their Bets

In other Veralto news, insider Mattias Bystrom sold 500 shares of the stock in a transaction on Friday, February 16th. The stock was sold at an average price of $86.10, for a total transaction 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 filing with the SEC, which is available at the SEC website. Corporate insiders own 0.31% of the company’s stock.

Veralto Stock Down 0.4 %

Shares of Veralto stock opened at $90.55 on Thursday. The company has a debt-to-equity ratio of 1.89, a quick ratio of 1.40 and a current ratio of 1.64. Veralto Co. has a 1 year low of $65.51 and a 1 year high of $92.15. The business has a 50 day moving average price of $87.42 and a 200 day moving average price of $79.66.

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

Veralto Announces Dividend

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

Veralto 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.