Veralto Co. (NYSE:VLTO) Shares Bought by Brookstone Capital Management

Brookstone Capital Management boosted its position in shares of Veralto Co. (NYSE:VLTO) by 36.4% during the 1st quarter, Holdings Channel reports. The institutional investor owned 3,559 shares of the company’s stock after acquiring an additional 949 shares during the period. Brookstone Capital Management’s holdings in Veralto were worth $316,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Sugarloaf Wealth Management LLC acquired a new stake in Veralto during the fourth quarter valued at $25,000. Blue Trust Inc. acquired a new stake in shares of Veralto in the fourth quarter valued at about $26,000. First Command Advisory Services Inc. acquired a new stake in shares of Veralto in the fourth quarter valued at about $25,000. Delta Asset Management LLC TN grew its position in shares of Veralto by 216.0% in the fourth 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 during the period. Finally, Livforsakringsbolaget Skandia Omsesidigt acquired a new stake in shares of Veralto in the fourth quarter valued at about $27,000. Institutional investors and hedge funds own 91.28% of the company’s stock.

Insiders Place Their Bets

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

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on VLTO. Stifel Nicolaus lifted their target price on shares of Veralto from $92.00 to $97.00 and gave the company a “buy” rating in a research 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 company an “outperform” rating in a research report on Thursday, April 25th. TD Cowen began coverage on shares of Veralto in a research report on Monday, June 17th. They issued a “hold” rating and a $95.00 target price on the stock. The Goldman Sachs Group began coverage on shares of Veralto in a research report on Friday, March 22nd. They issued a “buy” rating and a $104.00 target price on the stock. Finally, Robert W. Baird boosted their price target on shares of Veralto from $90.00 to $98.00 and gave the stock a “neutral” rating in a research report on Thursday, April 25th. Six analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $96.00.

Veralto Stock Down 0.0 %

Shares of VLTO stock opened at $95.45 on Tuesday. The company has a quick ratio of 1.56, a current ratio of 1.83 and a debt-to-equity ratio of 1.76. The firm’s 50-day moving average is $98.09 and its two-hundred day moving average is $88.72. Veralto Co. has a 12 month low of $65.51 and a 12 month high of $102.58.

Veralto (NYSE:VLTO) last issued its earnings results on Tuesday, April 23rd. The company reported $0.84 EPS for the quarter, topping analysts’ consensus estimates of $0.76 by $0.08. The firm had revenue of $1.25 billion for the quarter, compared to analysts’ expectations of $1.23 billion. The firm’s revenue was up 1.7% compared to the same quarter last year. Equities research analysts anticipate that Veralto Co. will post 3.37 EPS for the current fiscal year.

Veralto Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 31st. Shareholders of record on Friday, June 28th will be paid a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a yield of 0.38%. The ex-dividend date is Friday, June 28th.

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.