Bank of New Hampshire Makes New Investment in Veralto Co. (NYSE:VLTO)

Bank of New Hampshire acquired a new position in shares of Veralto Co. (NYSE:VLTO) during the fourth quarter, HoldingsChannel.com reports. The fund acquired 1,745 shares of the company’s stock, valued at approximately $144,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Sugarloaf Wealth Management LLC purchased a new stake in shares of Veralto during the fourth quarter worth about $25,000. First Command Advisory Services Inc. acquired a new position in shares of Veralto during the fourth quarter worth approximately $25,000. Blue Trust Inc. acquired a new stake in Veralto during the 4th quarter worth about $26,000. Dougherty Wealth Advisers LLC acquired a new stake in shares of Veralto during the fourth quarter worth approximately $27,000. Finally, Livforsakringsbolaget Skandia Omsesidigt acquired a new stake in shares of Veralto during the fourth quarter worth approximately $27,000. Institutional investors and hedge funds own 91.28% of the company’s stock.

Analyst Upgrades and Downgrades

VLTO has been the subject of a number of analyst reports. Royal Bank of Canada lifted their target price 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. Deutsche Bank Aktiengesellschaft started coverage on shares of Veralto in a research note on Wednesday, January 10th. They issued a “hold” rating and a $79.00 target price on the stock. Argus assumed coverage on Veralto in a report on Tuesday, January 9th. They set a “buy” rating and a $90.00 price objective for the company. 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 for the company. Finally, BMO Capital Markets increased their target price on Veralto from $97.00 to $101.00 and gave the stock an “outperform” rating in a research note on Thursday. Five investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $95.18.

Insiders Place Their Bets

In other news, insider Mattias Bystrom sold 500 shares of the firm’s stock in a transaction that occurred 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 transaction, the insider now owns 30,310 shares in the company, valued at approximately $2,609,691. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 0.31% of the company’s stock.

Veralto Stock Performance

Shares of NYSE VLTO traded up $1.39 during trading on Thursday, reaching $93.79. 1,785,305 shares of the stock traded hands, compared to its average volume of 1,624,562. 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 52-week low of $65.51 and a 52-week high of $95.40. The company has a 50-day moving average of $88.23 and a 200-day moving average of $80.13.

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

Veralto Dividend Announcement

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

Veralto Company 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.