Brown Brothers Harriman & Co. Takes $416,000 Position in Veralto Co. (NYSE:VLTO)

Brown Brothers Harriman & Co. bought a new position in shares of Veralto Co. (NYSE:VLTOFree Report) in the 4th quarter, Holdings Channel.com reports. The fund bought 5,061 shares of the company’s stock, valued at approximately $416,000.

Other large investors also recently bought and sold shares of the company. Sugarloaf Wealth Management LLC acquired a new position in shares of Veralto during the fourth quarter worth about $25,000. First Command Advisory Services Inc. acquired a new position in Veralto during the 4th quarter worth approximately $25,000. Blue Trust Inc. purchased a new stake in shares of Veralto in the 4th quarter valued at approximately $26,000. Delta Asset Management LLC TN raised its holdings in shares of Veralto by 216.0% in the 4th quarter. Delta Asset Management LLC TN now owns 316 shares of the company’s stock valued at $26,000 after purchasing an additional 216 shares in the last quarter. Finally, Dougherty Wealth Advisers LLC purchased a new stake in shares of Veralto during the 4th quarter worth $27,000. Hedge funds and other institutional investors own 91.28% of the company’s stock.

Veralto Stock Performance

Shares of VLTO traded down $0.65 during mid-day trading on Friday, hitting $98.58. 6,836,502 shares of the company’s stock were exchanged, compared to its average volume of 1,284,891. Veralto Co. has a fifty-two week low of $65.51 and a fifty-two week high of $102.58. The business’s 50 day moving average is $93.60 and its two-hundred day moving average is $85.08. 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:VLTOGet Free Report) last announced its earnings results on Tuesday, April 23rd. The company reported $0.84 earnings per share for the quarter, beating the consensus estimate 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 company’s quarterly revenue was up 1.7% on a year-over-year basis. On average, analysts expect that Veralto Co. will post 3.34 earnings per share for the current year.

Veralto Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 31st. Shareholders of record on Friday, June 28th will be given a dividend of $0.09 per share. The ex-dividend date is Friday, June 28th. This represents a $0.36 dividend on an annualized basis and a yield of 0.37%.

Insider Transactions at Veralto

In other news, SVP Mattias Bystrom sold 302 shares of the business’s stock in a transaction dated Thursday, May 23rd. The shares were sold at an average price of $100.38, for a total transaction of $30,314.76. Following the transaction, the senior vice president now directly owns 34,045 shares in the company, valued at $3,417,437.10. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In other news, SVP Melissa Aquino sold 8,041 shares of the firm’s stock in a transaction that occurred on 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 sale, the senior vice president now directly owns 20,761 shares of the company’s stock, valued at approximately $1,942,399.16. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Mattias Bystrom sold 302 shares of the company’s stock in a transaction on Thursday, May 23rd. The stock was sold at an average price of $100.38, for a total value of $30,314.76. Following the transaction, the senior vice president now directly owns 34,045 shares in the company, valued at approximately $3,417,437.10. The disclosure for this sale can be found here. Company insiders own 0.31% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have weighed in on VLTO shares. Citigroup raised their price target on Veralto from $89.00 to $94.00 and gave the company a “neutral” rating in a research note on Monday, April 8th. Stifel Nicolaus boosted their target price on Veralto from $92.00 to $97.00 and gave the stock a “buy” rating in a research note on Wednesday, April 17th. Royal Bank of Canada increased their price target 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. BMO Capital Markets upped their target price on shares of Veralto from $97.00 to $101.00 and gave the company an “outperform” rating in a report on Thursday, April 25th. Finally, Robert W. Baird lifted their price target on shares of Veralto from $90.00 to $98.00 and gave the stock a “neutral” rating in a research note on Thursday, April 25th. Five investment analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, Veralto has an average rating of “Moderate Buy” and an average target price of $95.18.

View Our Latest Stock Analysis on VLTO

About Veralto

(Free Report)

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.

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Institutional Ownership by Quarter for Veralto (NYSE:VLTO)

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