5,374 Shares in Veralto Co. (NYSE:VLTO) Purchased by Cognios Beta Neutral Large Cap Fund LP

Cognios Beta Neutral Large Cap Fund LP acquired a new position in shares of Veralto Co. (NYSE:VLTO) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 5,374 shares of the company’s stock, valued at approximately $442,000.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Sugarloaf Wealth Management LLC purchased a new stake in shares of Veralto in the fourth quarter valued at about $25,000. First Command Advisory Services Inc. purchased a new stake in shares of Veralto in the fourth quarter valued at about $25,000. Blue Trust Inc. purchased a new stake in shares of Veralto in the fourth quarter valued at about $26,000. Dougherty Wealth Advisers LLC purchased a new stake in shares of Veralto in the fourth quarter valued at about $27,000. Finally, Livforsakringsbolaget Skandia Omsesidigt purchased a new stake in shares of Veralto in the fourth quarter valued at about $27,000. Hedge funds and other institutional investors own 91.28% of the company’s stock.

Wall Street Analysts Forecast Growth

VLTO has been the topic of several recent research reports. BMO Capital Markets initiated coverage on shares of Veralto in a report on Tuesday, February 27th. They issued an “outperform” rating and a $97.00 price target on the stock. Royal Bank of Canada upped their price objective 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. The Goldman Sachs Group began coverage on shares of Veralto in a research note on Friday, March 22nd. They set a “buy” rating and a $104.00 price objective on the stock. Deutsche Bank Aktiengesellschaft began coverage on shares of Veralto in a research note on Wednesday, January 10th. They set a “hold” rating and a $79.00 price objective on the stock. Finally, Argus began coverage on shares of Veralto in a research note on Tuesday, January 9th. They set a “buy” rating and a $90.00 price objective on the stock. Five analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $93.36.

Insider Transactions at Veralto

In other news, insider Mattias Bystrom sold 500 shares of the 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 completion of the sale, the insider now owns 30,310 shares of the company’s stock, valued at $2,609,691. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 0.31% of the company’s stock.

Veralto Price Performance

VLTO stock traded down $1.32 on Wednesday, hitting $92.40. 3,344,383 shares of the company were exchanged, compared to its average volume of 1,622,528. Veralto Co. has a twelve month low of $65.51 and a twelve month high of $95.40. The business’s fifty day moving average is $88.06 and its two-hundred day moving average is $80.05. 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 (NYSE:VLTO) last released its quarterly earnings data on Tuesday, April 23rd. The company reported $0.84 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.76 by $0.08. The business had revenue of $1.25 billion during the quarter, compared to analyst estimates of $1.23 billion. Veralto’s quarterly revenue was up 1.7% compared to the same quarter last year. Analysts anticipate that Veralto Co. will post 3.26 earnings per share for the current fiscal year.

Veralto Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 30th. Stockholders of record on Thursday, March 28th will be given a $0.09 dividend. 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.

Veralto Company 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.