Integrated Advisors Network LLC Takes Position in Veralto Co. (NYSE:VLTO)

Integrated Advisors Network LLC purchased a new stake in Veralto Co. (NYSE:VLTO) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm purchased 4,514 shares of the company’s stock, valued at approximately $371,000.

A number of other large investors have also made changes to their positions in the stock. Delta Asset Management LLC TN increased its holdings in shares of Veralto by 216.0% in the 4th quarter. Delta Asset Management LLC TN now owns 316 shares of the company’s stock valued at $26,000 after purchasing an additional 216 shares in the last quarter. Fishman Jay A Ltd. MI increased its holdings in shares of Veralto by 6.0% in 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 in the last quarter. Sugarloaf Wealth Management LLC purchased a new position in shares of Veralto in the 4th quarter valued at about $25,000. Blue Trust Inc. purchased a new position in shares of Veralto in the 4th quarter valued at about $26,000. Finally, First Command Advisory Services Inc. purchased a new position in shares of Veralto in the 4th quarter valued at about $25,000. Hedge funds and other institutional investors own 91.28% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have weighed in on the stock. Robert W. Baird raised their target price on shares of Veralto from $90.00 to $98.00 and gave the company a “neutral” rating in a report on Thursday, April 25th. The Goldman Sachs Group assumed coverage on shares of Veralto in a report on Friday, March 22nd. They set a “buy” rating and a $104.00 target price for the company. Royal Bank of Canada restated a “sector perform” rating and set a $101.00 target price on shares of Veralto in a report on Friday, June 14th. BNP Paribas assumed coverage on shares of Veralto in a report on Tuesday, March 12th. They set an “outperform” rating and a $103.00 target price for the company. Finally, Citigroup raised their target price on shares of Veralto from $89.00 to $94.00 and gave the company a “neutral” rating in a report on Monday, April 8th. Six equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat.com, Veralto currently has an average rating of “Moderate Buy” and a consensus target price of $96.00.

Insider Buying and Selling at Veralto

In other Veralto news, SVP Melissa Aquino sold 8,041 shares of Veralto stock in a transaction that occurred 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 transaction, the senior vice president now directly owns 20,761 shares of the company’s stock, valued at $1,942,399.16. The sale was disclosed in a filing with the SEC, which is available at this link. In other Veralto news, SVP Melissa Aquino sold 8,041 shares of Veralto stock in a transaction that occurred 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 transaction, the senior vice president now directly owns 20,761 shares of the company’s stock, valued at $1,942,399.16. The sale was disclosed in a filing with the SEC, which is available at this link. Also, SVP Mattias Bystrom sold 302 shares of Veralto stock in a transaction that occurred on Thursday, May 23rd. The shares were 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 in the company, valued at $3,417,437.10. The disclosure for this sale can be found here. 0.31% of the stock is currently owned by corporate insiders.

Veralto Price Performance

VLTO opened at $101.22 on Wednesday. The company’s 50 day simple moving average is $96.52 and its 200 day simple moving average is $87.44. 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 Co. has a 1 year low of $65.51 and a 1 year high of $102.58.

Veralto (NYSE:VLTO) 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 company had revenue of $1.25 billion during the quarter, compared to analyst estimates of $1.23 billion. Veralto’s revenue was up 1.7% compared to the same quarter last year. On average, equities analysts forecast that Veralto Co. will post 3.34 EPS for the current year.

Veralto Dividend Announcement

The firm 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. The ex-dividend date is Friday, June 28th. This represents a $0.36 dividend on an annualized basis and a yield of 0.36%.

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.