Bryn Mawr Capital Management LLC Acquires Shares of 24,199 Veralto Co. (NYSE:VLTO)

Bryn Mawr Capital Management LLC acquired a new stake in Veralto Co. (NYSE:VLTO) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 24,199 shares of the company’s stock, valued at approximately $1,991,000.

A number of other institutional investors have also recently bought and sold shares of the business. Factory Mutual Insurance Co. purchased a new position in shares of Veralto during the 4th quarter valued at $9,260,000. State of Michigan Retirement System purchased a new stake in Veralto during the 4th quarter worth about $4,940,000. Asset Management One Co. Ltd. purchased a new stake in Veralto during the 4th quarter worth about $7,944,000. Vontobel Holding Ltd. purchased a new stake in Veralto during the 4th quarter worth about $60,495,000. Finally, LS Investment Advisors LLC purchased a new stake in Veralto during the 4th quarter worth about $1,660,000. Institutional investors own 91.28% of the company’s stock.

Veralto Stock Up 0.4 %

NYSE:VLTO traded up $0.33 during trading hours on Friday, reaching $94.12. 1,110,362 shares of the company traded hands, compared to its average volume of 1,620,400. The business’s 50-day moving average price is $88.53 and its two-hundred day moving average price is $80.36. Veralto Co. has a 1 year low of $65.51 and a 1 year high of $95.40. The company has a quick ratio of 1.40, a current ratio of 1.64 and a debt-to-equity ratio of 1.89.

Veralto (NYSE:VLTO) last released its quarterly earnings results on Tuesday, April 23rd. The company reported $0.84 earnings per share (EPS) for the quarter, beating 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. Veralto’s revenue was up 1.7% compared to the same quarter last year. On average, equities research analysts expect that Veralto Co. will post 3.26 EPS for the current fiscal year.

Veralto Dividend Announcement

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. The ex-dividend date is Wednesday, March 27th. This represents a $0.36 annualized dividend and a dividend yield of 0.38%.

Wall Street Analyst Weigh In

VLTO has been the topic of several recent analyst reports. BMO Capital Markets raised their price target on Veralto from $97.00 to $101.00 and gave the company an “outperform” rating in a report on Thursday. Stifel Nicolaus raised their price target on Veralto from $92.00 to $97.00 and gave the company a “buy” rating in a report on Wednesday, April 17th. Robert W. Baird raised their price target on Veralto from $90.00 to $98.00 and gave the company a “neutral” rating in a report on Thursday. BNP Paribas started coverage on Veralto in a report on Tuesday, March 12th. They issued an “outperform” rating and a $103.00 price target on the stock. Finally, The Goldman Sachs Group started coverage on Veralto in a research report on Friday, March 22nd. They set a “buy” rating and a $104.00 price objective on the stock. Five equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $95.18.

Insider Activity

In other news, insider Mattias Bystrom sold 500 shares of the business’s stock in a transaction dated Friday, February 16th. The stock was 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 in the company, valued at $2,609,691. The sale 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 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.