Fractal Investments LLC Invests $411,000 in Veralto Co. (NYSE:VLTO)

Fractal Investments LLC purchased a new position in Veralto Co. (NYSE:VLTO) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 5,000 shares of the company’s stock, valued at approximately $411,000.

A number of other hedge funds have also bought and sold shares of VLTO. Atria Wealth Solutions Inc. acquired a new position in Veralto in the fourth quarter valued at approximately $210,000. Capital Advisors Ltd. LLC acquired a new position in Veralto in the fourth quarter valued at approximately $45,000. Cognios Beta Neutral Large Cap Fund LP acquired a new position in Veralto in the fourth quarter valued at approximately $442,000. Yousif Capital Management LLC acquired a new position in Veralto in the fourth quarter valued at approximately $2,406,000. Finally, Wolverine Asset Management LLC acquired a new position in Veralto in the fourth quarter valued at approximately $34,000. 91.28% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on VLTO shares. Stifel Nicolaus boosted their price objective on Veralto from $92.00 to $97.00 and gave the stock a “buy” rating in a research report on Wednesday, April 17th. Royal Bank of Canada boosted their price objective on Veralto from $78.00 to $91.00 and gave the stock a “sector perform” rating in a research report on Thursday, February 8th. BNP Paribas started coverage on Veralto in a research report on Tuesday, March 12th. They set an “outperform” rating and a $103.00 price objective for the company. Citigroup boosted their price objective on Veralto from $89.00 to $94.00 and gave the stock a “neutral” rating in a research report on Monday, April 8th. Finally, BMO Capital Markets began coverage on Veralto in a report on Tuesday, February 27th. They set an “outperform” rating and a $97.00 target price on the stock. Five analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, Veralto has an average rating of “Moderate Buy” and a consensus target price of $93.36.

Veralto Trading Down 1.4 %

NYSE:VLTO traded down $1.32 during trading hours on Wednesday, hitting $92.40. 3,344,383 shares of the stock traded hands, compared to its average volume of 1,622,528. The firm has a 50 day moving average price of $88.23 and a 200 day moving average price of $80.13. The company has a debt-to-equity ratio of 1.89, a current ratio of 1.64 and a quick ratio of 1.40. Veralto Co. has a fifty-two week low of $65.51 and a fifty-two week high of $95.40.

Veralto (NYSE:VLTO) last posted its quarterly 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 company had revenue of $1.25 billion for the quarter, compared to analysts’ expectations of $1.23 billion. The business’s quarterly revenue was up 1.7% on a year-over-year basis. As a group, equities analysts expect that Veralto Co. will post 3.26 EPS for the current fiscal year.

Veralto Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 30th. Stockholders of record on Thursday, March 28th will be issued a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a dividend yield of 0.39%. The ex-dividend date is Wednesday, March 27th.

Insider Activity

In related news, insider Mattias Bystrom sold 500 shares of the company’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 completion of the sale, the insider now directly owns 30,310 shares in the company, valued at $2,609,691. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 0.31% of the stock is currently owned by corporate insiders.

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.