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

First Pacific Financial bought a new position in shares of Veralto Co. (NYSE:VLTO) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 1,029 shares of the company’s stock, valued at approximately $85,000.

Other large investors also recently modified their holdings of the company. Walter Public Investments Inc. acquired a new position in Veralto in the fourth quarter valued at about $7,157,000. AEGON ASSET MANAGEMENT UK Plc acquired a new position in Veralto during the fourth quarter valued at approximately $6,092,000. Arthur M. Cohen & Associates LLC bought a new position in shares of Veralto in the fourth quarter valued at $5,374,000. Nordea Investment Management AB acquired a new stake in Veralto in the 4th quarter valued at about $5,075,000. Finally, DNB Asset Management AS bought a new stake in Veralto in the 4th quarter valued at $4,711,000. 91.28% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Veralto

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

Analyst Upgrades and Downgrades

VLTO has been the topic of several research reports. Deutsche Bank Aktiengesellschaft began coverage on shares of Veralto in a research note on Wednesday, January 10th. They issued a “hold” rating and a $79.00 price target on the stock. Wolfe Research assumed coverage on Veralto in a report on Wednesday, December 13th. They set a “peer perform” rating for the company. The Goldman Sachs Group assumed coverage on shares of Veralto in a research note on Friday, March 22nd. They issued a “buy” rating and a $104.00 price target on the stock. BNP Paribas assumed coverage on shares of Veralto in a report on Tuesday, March 12th. They set an “outperform” rating and a $103.00 price target for the company. Finally, Stifel Nicolaus reduced their price objective on Veralto from $83.00 to $82.00 and set a “buy” rating on the stock in a research report on Tuesday, January 23rd. Five research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $91.36.

Veralto Price Performance

Shares of Veralto stock opened at $89.75 on Thursday. The firm’s fifty day moving average price is $84.21. The company has a quick ratio of 1.40, a current ratio of 1.64 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 $90.69.

Veralto (NYSE:VLTO) last released its quarterly earnings results 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 for the quarter, compared to analysts’ expectations of $1.25 billion. During the same period in the previous year, the company earned $0.80 EPS. Veralto’s revenue for the quarter was up 3.2% compared to the same quarter last year. On average, sell-side analysts anticipate that Veralto Co. will post 3.26 earnings per share for the current year.

Veralto Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 30th. Stockholders of record on Thursday, March 28th will be paid a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a dividend yield of 0.40%. The ex-dividend date is Wednesday, March 27th.

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.