First Pacific Financial Buys Shares of 1,029 Veralto Co. (NYSE:VLTO)

First Pacific Financial acquired a new position in shares of Veralto Co. (NYSE:VLTO) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 1,029 shares of the company’s stock, valued at approximately $85,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Sugarloaf Wealth Management LLC bought a new position in shares of Veralto in the fourth quarter worth $25,000. Fortitude Family Office LLC bought a new position in shares of Veralto in the fourth quarter worth $35,000. North Star Investment Management Corp. bought a new position in Veralto in the fourth quarter valued at about $51,000. Compagnie Lombard Odier SCmA bought a new position in Veralto in the fourth quarter valued at about $58,000. Finally, CVA Family Office LLC bought a new position in Veralto in the fourth quarter valued at about $58,000. Institutional investors own 91.28% of the company’s stock.

Veralto Stock Performance

Shares of NYSE:VLTO opened at $89.75 on Thursday. 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 company has a fifty day simple moving average of $84.21. Veralto Co. has a 1 year low of $65.51 and a 1 year high of $90.69.

Veralto (NYSE:VLTO) last announced its quarterly earnings data on Tuesday, February 6th. The company reported $0.87 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.80 by $0.07. The business had revenue of $1.29 billion during the quarter, compared to the consensus estimate of $1.25 billion. The firm’s revenue for the quarter was up 3.2% compared to the same quarter last year. During the same quarter last year, the company earned $0.80 EPS. As a group, sell-side analysts anticipate that Veralto Co. will post 3.26 EPS for the current fiscal year.

Veralto Announces Dividend

The company also recently declared 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. 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 0.40%.

Wall Street Analyst Weigh In

A number of analysts have recently commented on VLTO shares. Wolfe Research started coverage on Veralto in a research note on Wednesday, December 13th. They set a “peer perform” rating on the stock. Stifel Nicolaus cut their price target on Veralto from $83.00 to $82.00 and set a “buy” rating on the stock in a research note on Tuesday, January 23rd. BNP Paribas began coverage on Veralto in a research note on Tuesday, March 12th. They issued an “outperform” rating and a $103.00 price objective on the stock. Argus began coverage on Veralto in a research note on Tuesday, January 9th. They issued a “buy” rating and a $90.00 price objective on the stock. Finally, The Goldman Sachs Group began coverage on Veralto in a research note on Friday, March 22nd. They issued a “buy” rating and a $104.00 price target on the stock. Five analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $91.36.

Insider Activity

In related news, insider Mattias Bystrom sold 500 shares of the stock in a transaction dated 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 owns 30,310 shares of the company’s stock, valued at approximately $2,609,691. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

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.