Royal London Asset Management Ltd. Makes New $9.39 Million Investment in Veralto Co. (NYSE:VLTO)

Royal London Asset Management Ltd. acquired a new stake in Veralto Co. (NYSE:VLTOFree Report) during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 114,098 shares of the company’s stock, valued at approximately $9,386,000.

Other large investors also recently modified their holdings of the company. Sugarloaf Wealth Management LLC bought a new position in shares of Veralto during 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. acquired a new stake in Veralto in the fourth quarter worth $26,000. Delta Asset Management LLC TN increased its stake in Veralto by 216.0% in the fourth 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 acquired a new position in shares of Veralto during the fourth quarter valued at about $27,000. 91.28% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, SVP Melissa Aquino sold 8,041 shares of Veralto stock in a transaction that occurred on Friday, April 26th. The shares were 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 available at the SEC website. In related news, SVP Melissa Aquino sold 8,041 shares of Veralto stock in a transaction dated 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 owns 20,761 shares of the company’s stock, valued at approximately $1,942,399.16. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, 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 value of $30,314.76. Following the completion of the sale, the senior vice president now owns 34,045 shares in the company, valued at $3,417,437.10. The disclosure for this sale can be found here. 0.31% of the stock is currently owned by corporate insiders.

Veralto Stock Down 0.3 %

VLTO stock traded down $0.26 during trading on Friday, reaching $100.75. The stock had a trading volume of 918,133 shares, compared to its average volume of 1,441,976. Veralto Co. has a one year low of $65.51 and a one year high of $102.58. The company’s 50 day moving average is $96.02 and its two-hundred day moving average is $87.01. The company has a current ratio of 1.83, a quick ratio of 1.56 and a debt-to-equity ratio of 1.76.

Veralto (NYSE:VLTOGet Free Report) last issued its quarterly earnings results on Tuesday, April 23rd. The company reported $0.84 EPS for the quarter, beating analysts’ consensus estimates of $0.76 by $0.08. The business had revenue of $1.25 billion for the quarter, compared to analysts’ expectations of $1.23 billion. The firm’s revenue for the quarter was up 1.7% compared to the same quarter last year. On average, analysts predict that Veralto Co. will post 3.34 EPS for the current fiscal year.

Veralto Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 31st. Investors 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 annualized dividend and a yield of 0.36%.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on VLTO shares. BNP Paribas began coverage on Veralto in a research report on Tuesday, March 12th. They issued an “outperform” rating and a $103.00 target price for the company. The Goldman Sachs Group initiated coverage on Veralto in a report on Friday, March 22nd. They issued a “buy” rating and a $104.00 target price on the stock. BMO Capital Markets boosted their price target on shares of Veralto from $97.00 to $101.00 and gave the company an “outperform” rating in a research note on Thursday, April 25th. Stifel Nicolaus upped their price objective on shares of Veralto from $92.00 to $97.00 and gave the stock a “buy” rating in a report on Wednesday, April 17th. Finally, Robert W. Baird lifted their price objective on shares of Veralto from $90.00 to $98.00 and gave the company a “neutral” rating in a report on Thursday, April 25th. Five analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, Veralto presently has an average rating of “Moderate Buy” and an average price target of $96.09.

View Our Latest Stock Report on Veralto

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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