Knuff & Co LLC Invests $87,000 in Veralto Co. (NYSE:VLTO)

Knuff & Co LLC purchased a new position in Veralto Co. (NYSE:VLTO) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 1,056 shares of the company’s stock, valued at approximately $87,000.

A number of other hedge funds have also modified their holdings of VLTO. Neville Rodie & Shaw Inc. acquired a new position in shares of Veralto in the fourth quarter worth $1,732,000. Anchor Investment Management LLC acquired a new position in Veralto during the fourth quarter worth $117,000. Park National Corp OH acquired a new position in Veralto during the fourth quarter worth $1,243,000. M&R Capital Management Inc. acquired a new position in Veralto during the fourth quarter worth $70,000. Finally, Massmutual Trust Co. FSB ADV acquired a new position in Veralto during the fourth quarter worth $285,000. 91.28% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts have commented on VLTO shares. Stifel Nicolaus increased their target price on shares of Veralto from $92.00 to $97.00 and gave the stock a “buy” rating in a research report on Wednesday, April 17th. Citigroup increased their target price on shares of Veralto from $89.00 to $94.00 and gave the stock a “neutral” rating in a research report on Monday, April 8th. Robert W. Baird increased their target price on shares of Veralto from $90.00 to $98.00 and gave the stock a “neutral” rating in a research report on Thursday, April 25th. BNP Paribas started coverage on Veralto in a research report on Tuesday, March 12th. They issued an “outperform” rating and a $103.00 price target on the stock. Finally, Deutsche Bank Aktiengesellschaft started coverage on Veralto in a research report on Wednesday, January 10th. They issued a “hold” rating and a $79.00 price target on the stock. Five investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $95.18.

Veralto Stock Up 2.2 %

Shares of NYSE VLTO traded up $2.04 during mid-day trading on Friday, hitting $95.89. The company had a trading volume of 940,032 shares, compared to its average volume of 1,920,957. The company has a quick ratio of 1.56, a current ratio of 1.83 and a debt-to-equity ratio of 1.76. The business’s 50-day simple moving average is $89.39 and its 200-day simple moving average is $81.12. Veralto Co. has a 12 month low of $65.51 and a 12 month high of $96.13.

Veralto (NYSE:VLTO) last released its earnings results on Tuesday, April 23rd. The company reported $0.84 earnings per share for the quarter, beating the consensus estimate of $0.76 by $0.08. The company had revenue of $1.25 billion during the quarter, compared to the consensus estimate of $1.23 billion. The company’s revenue was up 1.7% compared to the same quarter last year. As a group, research analysts anticipate that Veralto Co. will post 3.34 earnings per share for the current fiscal year.

Veralto Announces Dividend

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

Insider Activity at Veralto

In other Veralto news, SVP Melissa Aquino sold 8,041 shares of the firm’s stock in a transaction dated Friday, April 26th. The shares were sold at an average price of $93.56, for a total transaction of $752,315.96. Following the completion of the transaction, the senior vice president now owns 20,761 shares in the company, valued at $1,942,399.16. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other Veralto news, SVP Melissa Aquino sold 8,041 shares of the firm’s stock in a transaction dated Friday, April 26th. The shares were sold at an average price of $93.56, for a total transaction of $752,315.96. Following the completion of the transaction, the senior vice president now owns 20,761 shares in the company, valued at $1,942,399.16. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Mattias Bystrom sold 500 shares of the firm’s 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 transaction, the insider now owns 30,310 shares of the company’s stock, valued at approximately $2,609,691. The disclosure for this sale can be found here. 0.31% of the stock is owned by corporate insiders.

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.