Hyman Charles D Buys Shares of 2,575 Veralto Co. (NYSE:VLTO)

Hyman Charles D bought a new stake in Veralto Co. (NYSE:VLTO) during the 4th quarter, Holdings Channel.com reports. The institutional investor bought 2,575 shares of the company’s stock, valued at approximately $212,000.

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

Veralto Stock Performance

VLTO traded down $0.54 during trading hours on Wednesday, reaching $96.73. 1,035,279 shares of the stock traded hands, compared to its average volume of 1,579,990. The firm’s fifty day simple moving average is $89.97 and its two-hundred day simple moving average is $81.67. Veralto Co. has a fifty-two week low of $65.51 and a fifty-two week high of $97.39. 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 quarterly earnings results on Tuesday, April 23rd. The company reported $0.84 earnings per share for the quarter, beating analysts’ consensus estimates of $0.76 by $0.08. The firm had revenue of $1.25 billion for the quarter, compared to analyst estimates of $1.23 billion. The firm’s revenue for the quarter was up 1.7% on a year-over-year basis. As a group, equities research analysts anticipate that Veralto Co. will post 3.34 EPS for the current fiscal year.

Veralto Dividend Announcement

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

Insider Buying and Selling

In related news, 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 completion of the transaction, the senior vice president now directly owns 20,761 shares in the company, valued at $1,942,399.16. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, insider Mattias Bystrom sold 500 shares of Veralto 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 completion of the transaction, the insider now directly owns 30,310 shares in the company, valued at $2,609,691. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Melissa Aquino sold 8,041 shares of Veralto 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 of the company’s stock, valued at $1,942,399.16. The disclosure for this sale can be found here. Insiders own 0.31% of the company’s stock.

Analyst Ratings Changes

VLTO has been the subject of several research analyst reports. Stifel Nicolaus upped their price target on Veralto from $92.00 to $97.00 and gave the stock a “buy” rating in a research note on Wednesday, April 17th. Deutsche Bank Aktiengesellschaft began coverage on shares of Veralto in a research report on Wednesday, January 10th. They set a “hold” rating and a $79.00 price target on the stock. Royal Bank of Canada raised their target price 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. BNP Paribas initiated coverage on shares of Veralto in a research report on Tuesday, March 12th. They set an “outperform” rating and a $103.00 price target for the company. Finally, BMO Capital Markets raised their price objective on Veralto from $97.00 to $101.00 and gave the company an “outperform” rating in a research report on Thursday, April 25th. Five research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $95.18.

About Veralto

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.