Veralto Co. (NYSE:VLTO) Shares Purchased by New York State Common Retirement Fund

New York State Common Retirement Fund lifted its position in Veralto Co. (NYSE:VLTO) by 18,520.5% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 456,762 shares of the company’s stock after acquiring an additional 454,309 shares during the period. New York State Common Retirement Fund owned 0.19% of Veralto worth $37,573,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently made changes to their positions in the company. Factory Mutual Insurance Co. acquired a new position in shares of Veralto in the 4th quarter valued at $9,260,000. State of Michigan Retirement System acquired a new stake in Veralto during the 4th quarter worth about $4,940,000. Asset Management One Co. Ltd. acquired a new stake in Veralto during the 4th quarter worth about $7,944,000. Vontobel Holding Ltd. acquired a new stake in Veralto during the 4th quarter worth about $60,495,000. Finally, LS Investment Advisors LLC acquired a new stake in Veralto during the 4th quarter worth about $1,660,000. 91.28% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

VLTO has been the topic of several analyst reports. Citigroup increased their price target on Veralto from $89.00 to $94.00 and gave the stock a “neutral” rating in a research report on Monday, April 8th. Deutsche Bank Aktiengesellschaft initiated coverage on Veralto in a research report on Wednesday, January 10th. They set a “hold” rating and a $79.00 price target on the stock. BNP Paribas initiated coverage on Veralto in a research report on Tuesday, March 12th. They set an “outperform” rating and a $103.00 price target on the stock. 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 target on the stock. Finally, Stifel Nicolaus increased their target price 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. Five analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $94.82.

Veralto Stock Down 1.4 %

VLTO stock opened at $92.40 on Thursday. Veralto Co. has a 52-week low of $65.51 and a 52-week high of $95.40. The company’s 50-day simple moving average is $88.23 and its 200-day simple moving average is $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 (NYSE:VLTO) last issued 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 company had revenue of $1.25 billion during the quarter, compared to analysts’ expectations of $1.23 billion. The firm’s revenue was up 1.7% on a year-over-year basis. As a group, equities analysts predict that Veralto Co. will post 3.26 earnings per share for the current year.

Veralto Dividend Announcement

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

Insider Activity at Veralto

In related news, insider Mattias Bystrom sold 500 shares of the firm’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 transaction, 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 filing with the Securities & Exchange Commission, which is available at this link. 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.