982 Shares in Veralto Co. (NYSE:VLTO) Purchased by First Horizon Advisors Inc.

First Horizon Advisors Inc. bought a new stake in shares of Veralto Co. (NYSE:VLTO) during the fourth quarter, Holdings Channel reports. The fund bought 982 shares of the company’s stock, valued at approximately $81,000.

Other large investors have also modified their holdings of the company. Impax Asset Management Group plc purchased a new position in Veralto during the fourth quarter valued at approximately $347,827,000. Fisher Asset Management LLC purchased a new stake in shares of Veralto during the 4th quarter worth $93,845,000. abrdn plc purchased a new position in Veralto in the fourth quarter valued at about $80,959,000. Vontobel Holding Ltd. bought a new position in Veralto in the fourth quarter worth about $60,495,000. Finally, Swiss National Bank bought a new stake in shares of Veralto in the 4th quarter valued at about $60,187,000. Institutional investors own 91.28% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently commented on VLTO. The Goldman Sachs Group began coverage on shares of Veralto in a research report on Friday, March 22nd. They set a “buy” rating and a $104.00 target price for the company. Stifel Nicolaus upped their price objective on shares of Veralto from $92.00 to $97.00 and gave the company a “buy” rating in a report on Wednesday, April 17th. BMO Capital Markets lifted their target price on shares of Veralto from $97.00 to $101.00 and gave the stock an “outperform” rating in a research note on Thursday, April 25th. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Veralto in a research note on Wednesday, January 10th. They set a “hold” rating and a $79.00 price target on the stock. Finally, BNP Paribas began coverage on Veralto in a research report on Tuesday, March 12th. They issued an “outperform” rating and a $103.00 target price on the stock. Five analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $95.18.

Insider Activity at Veralto

In other Veralto news, insider Mattias Bystrom sold 500 shares of the firm’s stock in a transaction that occurred on Friday, February 16th. The stock was sold at an average price of $86.10, for a total value of $43,050.00. Following the sale, the insider now directly owns 30,310 shares of the company’s stock, valued at $2,609,691. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other Veralto news, insider Mattias Bystrom sold 500 shares of the company’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 completion of the transaction, the insider now directly owns 30,310 shares in the company, valued at $2,609,691. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Melissa Aquino sold 8,041 shares of Veralto stock in a transaction dated 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 owns 20,761 shares in the company, valued at approximately $1,942,399.16. The disclosure for this sale can be found here. 0.31% of the stock is owned by company insiders.

Veralto Price Performance

NYSE:VLTO opened at $97.27 on Wednesday. The firm’s fifty day moving average is $89.79 and its two-hundred day moving average is $81.57. Veralto Co. has a one year low of $65.51 and a one year high of $97.39. 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 (NYSE:VLTO) last released its quarterly earnings data on Tuesday, April 23rd. The company reported $0.84 EPS for the quarter, topping the consensus estimate of $0.76 by $0.08. The company had revenue of $1.25 billion during the quarter, compared to analysts’ expectations of $1.23 billion. The business’s revenue was up 1.7% on a year-over-year basis. As a group, equities analysts forecast that Veralto Co. will post 3.34 EPS for the current fiscal year.

Veralto Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 30th. Stockholders of record on Thursday, March 28th were given a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a dividend yield of 0.37%. The ex-dividend date of this dividend was 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.