Delta Asset Management LLC TN Purchases 216 Shares of Veralto Co. (NYSE:VLTO)

Delta Asset Management LLC TN boosted its position in shares of Veralto Co. (NYSE:VLTOFree Report) by 216.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 316 shares of the company’s stock after acquiring an additional 216 shares during the period. Delta Asset Management LLC TN’s holdings in Veralto were worth $26,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the stock. Fishman Jay A Ltd. MI increased its position in shares of Veralto by 6.0% in the 4th quarter. Fishman Jay A Ltd. MI now owns 4,174 shares of the company’s stock valued at $343,000 after buying an additional 238 shares in the last quarter. Sugarloaf Wealth Management LLC acquired a new stake in Veralto during the fourth quarter worth approximately $25,000. Blue Trust Inc. bought a new position in shares of Veralto during the fourth quarter worth approximately $26,000. First Command Advisory Services Inc. bought a new position in shares of Veralto during the fourth quarter worth approximately $25,000. Finally, Livforsakringsbolaget Skandia Omsesidigt bought a new position in Veralto in the fourth quarter valued at approximately $27,000. 91.28% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts have weighed in on VLTO shares. Royal Bank of Canada lifted 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. Citigroup lifted their target price on shares of Veralto from $89.00 to $94.00 and gave the company a “neutral” rating in a research note on Monday, April 8th. Robert W. Baird boosted their price objective 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. BNP Paribas initiated coverage on shares of Veralto in a report on Tuesday, March 12th. They set an “outperform” rating and a $103.00 price objective for the company. Finally, 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. Five equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $95.18.

View Our Latest Stock Analysis on VLTO

Insider Activity

In other Veralto 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 sale, the senior vice president now 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 is accessible through this link. 0.31% of the stock is currently owned by company insiders.

Veralto Trading Down 0.1 %

Shares of NYSE VLTO traded down $0.14 during mid-day trading on Thursday, hitting $100.62. 209,095 shares of the company were exchanged, compared to its average volume of 1,541,235. The company has a debt-to-equity ratio of 1.76, a current ratio of 1.83 and a quick ratio of 1.56. The stock has a 50 day simple moving average of $91.91 and a 200-day simple moving average of $83.64. Veralto Co. has a 1-year low of $65.51 and a 1-year high of $101.05.

Veralto (NYSE:VLTOGet Free Report) 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 company had revenue of $1.25 billion for the quarter, compared to analysts’ expectations of $1.23 billion. The company’s revenue was up 1.7% on a year-over-year basis. Equities analysts predict that Veralto Co. will post 3.34 earnings per share for the current fiscal year.

Veralto Dividend Announcement

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

Veralto Company Profile

(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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