Dillon & Associates Inc. Invests $254,000 in Veralto Co. (NYSE:VLTO)

Dillon & Associates Inc. purchased a new position in shares of Veralto Co. (NYSE:VLTOFree Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 3,101 shares of the company’s stock, valued at approximately $254,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Sugarloaf Wealth Management LLC acquired a new position in shares of Veralto in the fourth quarter valued at $25,000. First Command Advisory Services Inc. acquired a new position in shares of Veralto in the fourth quarter valued at $25,000. Blue Trust Inc. acquired a new position in shares of Veralto in the fourth quarter valued at $26,000. Dougherty Wealth Advisers LLC acquired a new position in shares of Veralto in the fourth quarter valued at $27,000. Finally, Livforsakringsbolaget Skandia Omsesidigt acquired a new position in shares of Veralto in the fourth quarter valued at $27,000. 91.28% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms have commented on VLTO. Stifel Nicolaus upped their price objective on shares of Veralto from $92.00 to $97.00 and gave the company a “buy” rating in a report on Wednesday, April 17th. BNP Paribas began coverage on shares of Veralto in a research note on Tuesday, March 12th. They issued an “outperform” rating and a $103.00 price target on the stock. BMO Capital Markets upped their price target on shares of Veralto from $97.00 to $101.00 and gave the company an “outperform” rating in a research note on Thursday, April 25th. Citigroup upped their price target on shares of Veralto from $89.00 to $94.00 and gave the company a “neutral” rating in a research note on Monday, April 8th. Finally, The Goldman Sachs Group began coverage on shares of Veralto in a research note on Friday, March 22nd. They issued a “buy” rating and a $104.00 price target on the stock. Five equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, Veralto presently has an average rating of “Moderate Buy” and a consensus price target of $95.18.

Get Our Latest Report on VLTO

Insider Activity at Veralto

In related news, SVP Melissa Aquino sold 8,041 shares of the firm’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 completion of the transaction, the senior vice president now owns 20,761 shares in the company, valued at approximately $1,942,399.16. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. 0.31% of the stock is owned by company insiders.

Veralto Stock Performance

Shares of VLTO stock traded up $0.15 on Friday, reaching $98.60. The company had a trading volume of 1,319,357 shares, compared to its average volume of 1,710,525. The company has a quick ratio of 1.56, a current ratio of 1.83 and a debt-to-equity ratio of 1.76. Veralto Co. has a one year low of $65.51 and a one year high of $99.37. The business’s 50-day moving average is $91.26 and its 200 day moving average is $82.91.

Veralto (NYSE:VLTOGet Free Report) last posted 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 company had revenue of $1.25 billion during the quarter, compared to the consensus estimate of $1.23 billion. Veralto’s quarterly revenue was up 1.7% compared to the same quarter last year. Equities analysts predict that Veralto Co. will post 3.34 EPS for the current year.

Veralto Announces Dividend

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

About Veralto

(Free Report)

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.

Further Reading

Institutional Ownership by Quarter for Veralto (NYSE:VLTO)

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