Fractal Investments LLC Makes New $411,000 Investment in Veralto Co. (NYSE:VLTO)

Fractal Investments LLC bought a new position in Veralto Co. (NYSE:VLTO) during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 5,000 shares of the company’s stock, valued at approximately $411,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Atria Wealth Solutions Inc. acquired a new stake in shares of Veralto during the fourth quarter worth $210,000. Capital Advisors Ltd. LLC acquired a new stake in shares of Veralto during the fourth quarter worth $45,000. Cognios Beta Neutral Large Cap Fund LP acquired a new stake in shares of Veralto during the fourth quarter worth $442,000. Yousif Capital Management LLC acquired a new stake in shares of Veralto during the fourth quarter worth $2,406,000. Finally, Wolverine Asset Management LLC acquired a new stake in shares of Veralto during the fourth quarter worth $34,000. 91.28% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Veralto news, insider Mattias Bystrom sold 500 shares of Veralto stock in a transaction dated Friday, February 16th. The shares were sold at an average price of $86.10, for a total value of $43,050.00. Following the completion of the sale, the insider now owns 30,310 shares in the company, valued at approximately $2,609,691. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.31% of the stock is currently owned by insiders.

Veralto Trading Down 1.4 %

Shares of VLTO traded down $1.32 during midday trading on Wednesday, reaching $92.40. The stock had a trading volume of 3,344,383 shares, compared to its average volume of 1,622,528. The company has a debt-to-equity ratio of 1.89, a quick ratio of 1.40 and a current ratio of 1.64. The firm has a 50 day simple moving average of $88.23 and a 200-day simple moving average of $80.13. Veralto Co. has a one year low of $65.51 and a one year high of $95.40.

Veralto (NYSE:VLTO) last announced its earnings results on Tuesday, April 23rd. The company reported $0.84 EPS for the quarter, topping the consensus estimate of $0.76 by $0.08. The company had revenue of $1.25 billion for the quarter, compared to the consensus estimate of $1.23 billion. The firm’s revenue for the quarter was up 1.7% on a year-over-year basis. On average, equities analysts expect that Veralto Co. will post 3.26 earnings per share for the current fiscal year.

Veralto Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 30th. Investors of record on Thursday, March 28th will be issued a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a dividend yield of 0.39%. The ex-dividend date of this dividend is Wednesday, March 27th.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on VLTO. Citigroup raised their price objective on shares of Veralto from $89.00 to $94.00 and gave the stock a “neutral” rating in a report on Monday, April 8th. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Veralto in a research report on Wednesday, January 10th. They issued a “hold” rating and a $79.00 target price for the company. BNP Paribas initiated coverage on shares of Veralto in a research report on Tuesday, March 12th. They issued an “outperform” rating and a $103.00 target price for the company. Stifel Nicolaus raised 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. Finally, The Goldman Sachs Group initiated coverage on shares of Veralto in a research report on Friday, March 22nd. They issued a “buy” rating and a $104.00 target price for the company. Five equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $93.36.

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.