Natixis Advisors L.P. Purchases New Position in Veralto Co. (NYSE:VLTO)

Natixis Advisors L.P. acquired a new position in Veralto Co. (NYSE:VLTO) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 129,632 shares of the company’s stock, valued at approximately $10,663,000.

Several other hedge funds have also modified their holdings of VLTO. Sugarloaf Wealth Management LLC bought a new stake in Veralto in the fourth quarter worth $25,000. First Command Advisory Services Inc. purchased a new stake in Veralto in the 4th quarter worth about $25,000. Blue Trust Inc. bought a new stake in Veralto in the fourth quarter worth about $26,000. Dougherty Wealth Advisers LLC purchased a new position in shares of Veralto during the fourth quarter valued at approximately $27,000. Finally, Livforsakringsbolaget Skandia Omsesidigt bought a new position in shares of Veralto during the fourth quarter valued at approximately $27,000. 91.28% of the stock is owned by hedge funds and other institutional investors.

Veralto Trading Up 0.3 %

NYSE:VLTO opened at $97.27 on Wednesday. The firm has a 50-day simple moving average of $89.79 and a 200-day simple moving average of $81.57. Veralto Co. has a one year low of $65.51 and a one year high of $97.39. The company has a debt-to-equity ratio of 1.76, a quick ratio of 1.56 and a current ratio of 1.83.

Veralto (NYSE:VLTO) last issued its quarterly earnings data on Tuesday, April 23rd. The company reported $0.84 EPS for the quarter, topping analysts’ consensus estimates of $0.76 by $0.08. The business had revenue of $1.25 billion during the quarter, compared to the consensus estimate of $1.23 billion. Veralto’s revenue for the quarter was up 1.7% compared to the same quarter last year. On average, equities research analysts forecast that Veralto Co. will post 3.34 earnings per share for the current year.

Veralto Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 30th. Investors of record on Thursday, March 28th were paid 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 was Wednesday, March 27th.

Insider Activity at Veralto

In other Veralto news, insider Mattias Bystrom sold 500 shares of the business’s stock in a transaction dated Friday, February 16th. The shares were sold at an average price of $86.10, for a total value 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, SVP Melissa Aquino sold 8,041 shares of the stock in a transaction on Friday, April 26th. The stock was 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 sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Mattias Bystrom sold 500 shares of the firm’s stock in a transaction 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 completion of the sale, the insider now directly owns 30,310 shares of the company’s stock, valued at approximately $2,609,691. The disclosure for this sale can be found here. 0.31% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on VLTO. BNP Paribas assumed coverage on Veralto in a report on Tuesday, March 12th. They set an “outperform” rating and a $103.00 price objective for the company. Robert W. Baird boosted their target price on shares of Veralto from $90.00 to $98.00 and gave the company a “neutral” rating in a research note on Thursday, April 25th. Deutsche Bank Aktiengesellschaft started coverage on shares of Veralto in a research note on Wednesday, January 10th. They issued a “hold” rating and a $79.00 price target on the stock. The Goldman Sachs Group initiated coverage on shares of Veralto in a research report on Friday, March 22nd. They issued a “buy” rating and a $104.00 price objective for the company. Finally, Citigroup raised their target price on shares of Veralto from $89.00 to $94.00 and gave the stock a “neutral” rating in a research report on Monday, April 8th. Five analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $95.18.

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.