Everett Harris & Co. CA Takes $249,000 Position in Veralto Co. (NYSE:VLTO)

Everett Harris & Co. CA purchased a new stake in Veralto Co. (NYSE:VLTO) during the 4th quarter, HoldingsChannel reports. The firm purchased 3,027 shares of the company’s stock, valued at approximately $249,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in VLTO. Neville Rodie & Shaw Inc. acquired a new stake in shares of Veralto in the fourth quarter valued at about $1,732,000. Anchor Investment Management LLC acquired a new stake in shares of Veralto in the fourth quarter valued at about $117,000. Park National Corp OH acquired a new stake in Veralto during the fourth quarter worth about $1,243,000. M&R Capital Management Inc. acquired a new stake in Veralto during the fourth quarter worth about $70,000. Finally, Massmutual Trust Co. FSB ADV acquired a new stake in Veralto during the fourth quarter worth about $285,000. 91.28% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Veralto

In other Veralto news, insider Mattias Bystrom sold 500 shares of the stock in a transaction dated Friday, February 16th. The stock was sold at an average price of $86.10, for a total transaction of $43,050.00. Following the completion of the transaction, the insider now owns 30,310 shares in the company, valued at approximately $2,609,691. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.

Analyst Upgrades and Downgrades

VLTO has been the topic of a number of recent research reports. BMO Capital Markets initiated coverage on Veralto in a research report on Tuesday, February 27th. They set an “outperform” rating and a $97.00 target price on the stock. Argus started coverage on shares of Veralto in a research note on Tuesday, January 9th. They set a “buy” rating and a $90.00 price target for the company. Wolfe Research assumed coverage on shares of Veralto in a research note on Wednesday, December 13th. They set a “peer perform” rating for the company. 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 for the company. Finally, Deutsche Bank Aktiengesellschaft assumed coverage on shares of Veralto in a research note on Wednesday, January 10th. They issued a “hold” rating and a $79.00 target price for the company. Five equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $91.36.

Veralto Stock Performance

Shares of Veralto stock traded down $1.08 on Thursday, hitting $88.66. 1,545,606 shares of the company’s stock traded hands, compared to its average volume of 1,494,608. The company has a debt-to-equity ratio of 1.89, a quick ratio of 1.40 and a current ratio of 1.64. Veralto Co. has a one year low of $65.51 and a one year high of $90.69. The firm has a 50-day moving average price of $84.21.

Veralto (NYSE:VLTO) last released its quarterly earnings data on Tuesday, February 6th. The company reported $0.87 EPS for the quarter, beating analysts’ consensus estimates of $0.80 by $0.07. The company had revenue of $1.29 billion during the quarter, compared to the consensus estimate of $1.25 billion. The company’s revenue for the quarter was up 3.2% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.80 EPS. As a group, equities research analysts predict that Veralto Co. will post 3.26 EPS for the current year.

Veralto Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 30th. Shareholders of record on Thursday, March 28th will be paid a $0.09 dividend. The ex-dividend date of this dividend is Wednesday, March 27th. This represents a $0.36 dividend on an annualized basis and a yield of 0.41%.

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.