Avalon Trust Co Purchases Shares of 131,978 Veralto Co. (NYSE:VLTO)

Avalon Trust Co acquired a new stake in shares of Veralto Co. (NYSE:VLTO) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 131,978 shares of the company’s stock, valued at approximately $10,857,000. Avalon Trust Co owned 0.05% of Veralto as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in VLTO. Sugarloaf Wealth Management LLC bought a new stake in Veralto during the 4th quarter worth about $25,000. First Command Advisory Services Inc. acquired a new stake in shares of Veralto in the fourth quarter valued at approximately $25,000. Blue Trust Inc. bought a new position in Veralto in the 4th quarter worth approximately $26,000. Dougherty Wealth Advisers LLC acquired a new position in Veralto during the 4th quarter worth $27,000. Finally, Livforsakringsbolaget Skandia Omsesidigt bought a new position in Veralto in the 4th quarter valued at $27,000. Institutional investors and hedge funds own 91.28% of the company’s stock.

Insiders Place Their Bets

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

Veralto Trading Up 2.2 %

VLTO stock traded up $2.04 during trading hours on Friday, reaching $95.89. 940,032 shares of the stock were exchanged, compared to its average volume of 1,920,957. The firm’s 50-day moving average is $89.20 and its 200-day moving average is $80.93. Veralto Co. has a 12 month low of $65.51 and a 12 month high of $96.13. 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 earnings results on Tuesday, April 23rd. The company reported $0.84 EPS for the quarter, beating the consensus estimate of $0.76 by $0.08. The firm had revenue of $1.25 billion during the quarter, compared to the consensus estimate of $1.23 billion. The business’s revenue for the quarter was up 1.7% on a year-over-year basis. As a group, sell-side analysts anticipate that Veralto Co. will post 3.34 EPS for the current year.

Veralto Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, April 30th. Shareholders of record on Thursday, March 28th were paid a $0.09 dividend. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $0.36 annualized dividend and a yield of 0.38%.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on VLTO shares. BMO Capital Markets upped their price target on Veralto from $97.00 to $101.00 and gave the company an “outperform” rating in a research note on Thursday, April 25th. Stifel Nicolaus boosted their price target on shares of Veralto from $92.00 to $97.00 and gave the stock a “buy” rating in a research note on Wednesday, April 17th. Argus began coverage on shares of Veralto in a research note on Tuesday, January 9th. They issued a “buy” rating and a $90.00 price objective on the stock. Citigroup lifted their target price 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, Royal Bank of Canada lifted their price objective on shares of Veralto from $78.00 to $91.00 and gave the stock a “sector perform” rating in a research note on Thursday, February 8th. Five analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target 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.