2,726 Shares in Veralto Co. (NYSE:VLTO) Acquired by Palisade Asset Management LLC

Palisade Asset Management LLC bought a new position in shares of Veralto Co. (NYSE:VLTO) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 2,726 shares of the company’s stock, valued at approximately $224,000.

A number of other large investors also recently modified their holdings of the company. Fishman Jay A Ltd. MI grew its holdings in shares of Veralto by 6.0% during the fourth quarter. Fishman Jay A Ltd. MI now owns 4,174 shares of the company’s stock valued at $343,000 after buying an additional 238 shares during the last quarter. Sugarloaf Wealth Management LLC purchased a new stake in shares of Veralto in the fourth quarter worth approximately $25,000. Blue Trust Inc. purchased a new position in shares of Veralto during the fourth quarter valued at approximately $26,000. First Command Advisory Services Inc. bought a new stake in Veralto during the fourth quarter worth $25,000. Finally, Livforsakringsbolaget Skandia Omsesidigt bought a new position in Veralto during the 4th quarter valued at $27,000. 91.28% of the stock is currently owned by institutional investors.

Insider Activity

In other Veralto news, insider Mattias Bystrom sold 500 shares of the company’s stock in a transaction that occurred on 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 of the company’s stock, valued at approximately $2,609,691. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, SVP Melissa Aquino sold 8,041 shares of the firm’s stock in a transaction that occurred on Friday, April 26th. The stock was sold at an average price of $93.56, for a total value of $752,315.96. Following the completion of the transaction, the senior vice president now owns 20,761 shares in the company, valued at approximately $1,942,399.16. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Mattias Bystrom sold 500 shares of the firm’s stock in a transaction on Friday, February 16th. The shares were sold at an average price of $86.10, for a total value of $43,050.00. Following the transaction, the insider now directly owns 30,310 shares of the company’s stock, valued at approximately $2,609,691. The disclosure for this sale can be found here. Insiders own 0.31% of the company’s stock.

Veralto Stock Up 0.3 %

Shares of Veralto stock traded up $0.28 during trading on Tuesday, reaching $97.27. The company’s stock had a trading volume of 1,235,403 shares, compared to its average volume of 1,586,138. The firm’s 50-day moving average is $89.79 and its two-hundred day moving average is $81.57. Veralto Co. has a 52-week low of $65.51 and a 52-week high of $97.39. 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 released its quarterly earnings data 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 during the quarter, compared to analysts’ expectations of $1.23 billion. The company’s quarterly revenue was up 1.7% compared to the same quarter last year. As a group, research analysts predict that Veralto Co. will post 3.34 earnings per share for the current fiscal year.

Veralto Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 30th. Shareholders of record on Thursday, March 28th were given a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a dividend yield of 0.37%. The ex-dividend date of this dividend was Wednesday, March 27th.

Analysts Set New Price Targets

VLTO has been the topic of several analyst reports. Argus began coverage on shares of Veralto in a report on Tuesday, January 9th. They set a “buy” rating and a $90.00 price target on the stock. The Goldman Sachs Group assumed coverage on Veralto in a research report on Friday, March 22nd. They set a “buy” rating and a $104.00 price target for the company. Royal Bank of Canada boosted their target price on shares of Veralto from $78.00 to $91.00 and gave the company a “sector perform” rating in a research note on Thursday, February 8th. Citigroup lifted their price target on shares of Veralto from $89.00 to $94.00 and gave the stock a “neutral” rating in a report on Monday, April 8th. Finally, Stifel Nicolaus lifted their price target on Veralto from $92.00 to $97.00 and gave the company a “buy” rating in a research report on Wednesday, April 17th. Five investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, Veralto presently has a consensus rating of “Moderate Buy” and an average target price of $95.18.

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.