389 Shares in Veralto Co. (NYSE:VLTO) Acquired by Newbridge Financial Services Group Inc.

Newbridge Financial Services Group Inc. bought a new position in shares of Veralto Co. (NYSE:VLTO) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 389 shares of the company’s stock, valued at approximately $32,000.

Other hedge funds have also recently bought and sold shares of the company. Sugarloaf Wealth Management LLC acquired a new stake in Veralto during the fourth quarter worth approximately $25,000. Blue Trust Inc. acquired a new stake in Veralto during the fourth quarter worth approximately $26,000. First Command Advisory Services Inc. acquired a new stake in Veralto during the fourth quarter worth approximately $25,000. Delta Asset Management LLC TN boosted its position in Veralto by 216.0% during the fourth quarter. Delta Asset Management LLC TN now owns 316 shares of the company’s stock worth $26,000 after acquiring an additional 216 shares during the last quarter. Finally, Livforsakringsbolaget Skandia Omsesidigt purchased a new position in Veralto during the fourth quarter worth approximately $27,000. Institutional investors and hedge funds own 91.28% of the company’s stock.

Wall Street Analyst Weigh In

VLTO has been the topic of a number of recent analyst reports. TD Cowen initiated coverage on shares of Veralto in a research note on Monday. They set a “hold” rating and a $95.00 price target on the stock. BMO Capital Markets increased their price target 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. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $101.00 price target on shares of Veralto in a research note on Friday, June 14th. Robert W. Baird increased their price target on shares of Veralto from $90.00 to $98.00 and gave the stock a “neutral” rating in a research note on Thursday, April 25th. Finally, Citigroup increased their price target on shares of Veralto from $89.00 to $94.00 and gave the stock a “neutral” rating in a research note on Monday, April 8th. Six analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, Veralto currently has an average rating of “Moderate Buy” and a consensus price target of $96.00.

Veralto Stock Performance

Shares of VLTO stock opened at $101.22 on Wednesday. The company’s fifty day simple moving average is $96.52 and its 200-day simple moving average is $87.44. Veralto Co. has a 52 week low of $65.51 and a 52 week high of $102.58. The company has a debt-to-equity ratio of 1.76, a current ratio of 1.83 and a quick ratio of 1.56.

Veralto (NYSE:VLTO) last issued its earnings results on Tuesday, April 23rd. The company reported $0.84 EPS for the quarter, beating analysts’ consensus estimates of $0.76 by $0.08. The business had revenue of $1.25 billion during the quarter, compared to analysts’ expectations of $1.23 billion. Veralto’s revenue 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. Investors of record on Friday, June 28th will be issued a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a yield of 0.36%. The ex-dividend date of this dividend is Friday, June 28th.

Insider Activity at Veralto

In related news, SVP Melissa Aquino sold 8,041 shares of the firm’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 completion of the sale, the senior vice president now directly owns 20,761 shares of the company’s stock, valued at approximately $1,942,399.16. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, SVP Melissa Aquino sold 8,041 shares of the firm’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 completion of the sale, the senior vice president now directly owns 20,761 shares of the company’s stock, valued at approximately $1,942,399.16. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, SVP Mattias Bystrom sold 302 shares of the firm’s stock in a transaction 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 transaction, the senior vice president now directly owns 34,045 shares of the company’s stock, valued at $3,417,437.10. The disclosure for this sale can be found here. Company insiders own 0.31% of the company’s stock.

Veralto Company 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.