State of New Jersey Common Pension Fund D Makes New Investment in Veralto Co. (NYSE:VLTO)

State of New Jersey Common Pension Fund D acquired a new position in shares of Veralto Co. (NYSE:VLTO) during the 4th quarter, according to its most recent 13F filing with the SEC. The fund acquired 133,139 shares of the company’s stock, valued at approximately $10,952,000. State of New Jersey Common Pension Fund D owned about 0.05% of Veralto as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of VLTO. Neville Rodie & Shaw Inc. bought a new stake in shares of Veralto in the 4th quarter valued at approximately $1,732,000. Anchor Investment Management LLC bought a new stake in shares of Veralto in the 4th quarter valued at approximately $117,000. Park National Corp OH bought a new stake in shares of Veralto in the 4th quarter valued at approximately $1,243,000. M&R Capital Management Inc. bought a new stake in shares of Veralto in the 4th quarter valued at approximately $70,000. Finally, Massmutual Trust Co. FSB ADV bought a new stake in shares of Veralto in the 4th quarter valued at approximately $285,000. 91.28% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the company. BMO Capital Markets boosted their price objective on Veralto from $97.00 to $101.00 and gave the company an “outperform” rating in a research report on Thursday. Stifel Nicolaus boosted their price objective on Veralto from $92.00 to $97.00 and gave the company a “buy” rating in a research report on Wednesday, April 17th. Citigroup boosted their price objective on Veralto from $89.00 to $94.00 and gave the company a “neutral” rating in a research report on Monday, April 8th. Royal Bank of Canada boosted their price objective on Veralto from $78.00 to $91.00 and gave the company a “sector perform” rating in a research report on Thursday, February 8th. Finally, Deutsche Bank Aktiengesellschaft began coverage on Veralto in a research report on Wednesday, January 10th. They set a “hold” rating and a $79.00 price objective for the company. Five investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $95.18.

Veralto Trading Up 1.5 %

Shares of VLTO traded up $1.39 during midday trading on Thursday, reaching $93.79. The stock had a trading volume of 1,785,282 shares, compared to its average volume of 1,625,037. Veralto Co. has a 52 week low of $65.51 and a 52 week high of $95.40. The company has a quick ratio of 1.40, a current ratio of 1.64 and a debt-to-equity ratio of 1.89. The firm’s 50 day moving average price is $88.23 and its 200-day moving average price is $80.13.

Veralto (NYSE:VLTO) last posted its quarterly earnings data on Tuesday, April 23rd. The company reported $0.84 EPS for the quarter, topping analysts’ consensus estimates of $0.76 by $0.08. The firm had revenue of $1.25 billion during the quarter, compared to the consensus estimate of $1.23 billion. Veralto’s revenue was up 1.7% on a year-over-year basis. On average, equities analysts anticipate that Veralto Co. will post 3.26 EPS for the current year.

Veralto Announces Dividend

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

Insider Transactions at Veralto

In other news, insider Mattias Bystrom sold 500 shares of the business’s stock in a transaction on Friday, February 16th. The stock was sold at an average price of $86.10, for a total transaction of $43,050.00. Following the sale, the insider now directly owns 30,310 shares of the company’s stock, valued at $2,609,691. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.31% of the stock is owned by 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.