Corient Private Wealth LLC Has $15.32 Million Stock Position in Veralto Co. (NYSE:VLTO)

Corient Private Wealth LLC increased its holdings in shares of Veralto Co. (NYSE:VLTOFree Report) by 7,475.3% during the fourth quarter, HoldingsChannel.com reports. The fund owned 186,276 shares of the company’s stock after buying an additional 183,817 shares during the quarter. Corient Private Wealth LLC’s holdings in Veralto were worth $15,323,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also bought and sold shares of the company. Fishman Jay A Ltd. MI raised its position in Veralto by 6.0% during the 4th quarter. Fishman Jay A Ltd. MI now owns 4,174 shares of the company’s stock valued at $343,000 after purchasing an additional 238 shares during the last quarter. Sugarloaf Wealth Management LLC purchased a new position in Veralto during the 4th quarter worth $25,000. Blue Trust Inc. bought a new stake in Veralto during the 4th quarter valued at $26,000. First Command Advisory Services Inc. acquired a new stake in shares of Veralto in the 4th quarter worth $25,000. Finally, Livforsakringsbolaget Skandia Omsesidigt purchased a new position in shares of Veralto during the 4th quarter valued at about $27,000. 91.28% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Veralto

In related news, SVP Melissa Aquino sold 8,041 shares of the stock in a transaction dated Friday, April 26th. The stock was sold at an average price of $93.56, for a total value of $752,315.96. Following the completion of the transaction, the senior vice president now owns 20,761 shares of the company’s stock, valued at $1,942,399.16. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other Veralto news, SVP Mattias Bystrom sold 302 shares of Veralto stock in a transaction that occurred on Thursday, May 23rd. The stock was sold at an average price of $100.38, for a total transaction of $30,314.76. Following the sale, the senior vice president now directly owns 34,045 shares of the company’s stock, valued at $3,417,437.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Melissa Aquino sold 8,041 shares of the company’s stock in a transaction on Friday, April 26th. The shares were sold at an average price of $93.56, for a total transaction of $752,315.96. Following the sale, the senior vice president now owns 20,761 shares of the company’s stock, valued at approximately $1,942,399.16. The disclosure for this sale can be found here. Company insiders own 0.31% of the company’s stock.

Analysts Set New Price Targets

VLTO has been the topic of several research reports. Royal Bank of Canada raised their price objective on Veralto from $78.00 to $91.00 and gave the stock a “sector perform” rating in a report on Thursday, February 8th. BNP Paribas assumed coverage on shares of Veralto in a research note on Tuesday, March 12th. They issued an “outperform” rating and a $103.00 target price on the stock. Robert W. Baird increased their price objective on shares of Veralto from $90.00 to $98.00 and gave the company a “neutral” rating in a report on Thursday, April 25th. Citigroup increased 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. Finally, The Goldman Sachs Group initiated coverage on shares of Veralto in a research note on Friday, March 22nd. They issued a “buy” rating and a $104.00 target price on the stock. Five investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, Veralto presently has an average rating of “Moderate Buy” and a consensus target price of $95.18.

View Our Latest Stock Analysis on VLTO

Veralto Stock Performance

Shares of VLTO traded up $2.33 during mid-day trading on Friday, reaching $102.19. The company’s stock had a trading volume of 1,867,268 shares, compared to its average volume of 1,251,732. The company has a current ratio of 1.83, a quick ratio of 1.56 and a debt-to-equity ratio of 1.76. Veralto Co. has a 52 week low of $65.51 and a 52 week high of $102.31. The company’s fifty day moving average price is $92.46 and its two-hundred day moving average price is $83.99.

Veralto (NYSE:VLTOGet Free Report) last released its earnings results on Tuesday, April 23rd. The company reported $0.84 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.76 by $0.08. The firm had revenue of $1.25 billion during the quarter, compared to analysts’ expectations of $1.23 billion. Veralto’s revenue for the quarter was up 1.7% on a year-over-year basis. On average, equities research analysts expect that Veralto Co. will post 3.34 earnings per share for the current year.

Veralto Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 31st. Shareholders of record on Friday, June 28th will be given a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a yield of 0.35%. The ex-dividend date of this dividend is Friday, June 28th.

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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