Eos Management L.P. Invests $577,000 in Veralto Co. (NYSE:VLTO)

Eos Management L.P. purchased a new stake in Veralto Co. (NYSE:VLTO) during the 4th quarter, Holdings Channel reports. The institutional investor purchased 7,017 shares of the company’s stock, valued at approximately $577,000.

Other large investors have also recently added to or reduced their stakes in the company. Sugarloaf Wealth Management LLC acquired a new position in shares of Veralto in the 4th quarter worth approximately $25,000. First Command Advisory Services Inc. bought a new position in Veralto during the fourth quarter worth $25,000. Blue Trust Inc. bought a new stake in Veralto during the fourth quarter valued at $26,000. Dougherty Wealth Advisers LLC acquired a new stake in shares of Veralto during the fourth quarter worth $27,000. Finally, Livforsakringsbolaget Skandia Omsesidigt bought a new position in shares of Veralto in the 4th quarter worth about $27,000. 91.28% of the stock is currently owned by institutional investors.

Veralto Trading Up 0.4 %

Shares of NYSE:VLTO traded up $0.33 on Friday, hitting $94.12. The company’s stock had a trading volume of 1,110,362 shares, compared to its average volume of 1,620,400. The company has a current ratio of 1.64, a quick ratio of 1.40 and a debt-to-equity ratio of 1.89. Veralto Co. has a 12 month low of $65.51 and a 12 month high of $95.40. The stock’s 50-day moving average is $88.53 and its two-hundred day moving average is $80.36.

Veralto (NYSE:VLTO) last posted its quarterly earnings data on Tuesday, April 23rd. The company reported $0.84 earnings per share for the quarter, topping the consensus estimate of $0.76 by $0.08. The company had revenue of $1.25 billion during the quarter, compared to analyst estimates of $1.23 billion. The firm’s quarterly revenue was up 1.7% compared to the same quarter last year. Equities research analysts forecast that Veralto Co. will post 3.26 earnings per share for the current year.

Veralto Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 30th. Investors of record on Thursday, March 28th will be paid a dividend of $0.09 per share. The ex-dividend date of this dividend is Wednesday, March 27th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 0.38%.

Insider Activity at Veralto

In other Veralto news, insider Mattias Bystrom sold 500 shares of the company’s 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 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 is accessible through the SEC website. Company insiders own 0.31% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on VLTO shares. BNP Paribas assumed coverage on shares of Veralto in a research report on Tuesday, March 12th. They set an “outperform” rating and a $103.00 price objective for the company. Argus initiated coverage on Veralto in a report on Tuesday, January 9th. They set a “buy” rating and a $90.00 target price for the company. Citigroup raised their price target on Veralto from $89.00 to $94.00 and gave the stock a “neutral” rating in a report on Monday, April 8th. Stifel Nicolaus upped their price objective on Veralto from $92.00 to $97.00 and gave the stock a “buy” rating in a research note on Wednesday, April 17th. Finally, Royal Bank of Canada raised their target price on Veralto from $78.00 to $91.00 and gave the company a “sector perform” rating in a research note on Thursday, February 8th. Five equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average 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.