Corient Private Wealth LLC Buys 183,817 Shares of Veralto Co. (NYSE:VLTO)

Corient Private Wealth LLC lifted its stake in Veralto Co. (NYSE:VLTO) by 7,475.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 186,276 shares of the company’s stock after buying an additional 183,817 shares during the period. Corient Private Wealth LLC owned approximately 0.08% of Veralto worth $15,323,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Sachetta LLC purchased a new stake in Veralto during the 4th quarter valued at $59,000. Clearbridge Investments LLC purchased a new stake in Veralto in the 4th quarter worth $122,288,000. Wells Fargo & Company MN bought a new position in shares of Veralto during the 4th quarter valued at about $25,633,000. Associated Banc Corp purchased a new position in shares of Veralto during the fourth quarter worth approximately $1,817,000. Finally, Mckinley Capital Management LLC purchased a new position in shares of Veralto during the fourth quarter worth approximately $705,000. Hedge funds and other institutional investors own 91.28% of the company’s stock.

Insiders Place Their Bets

In related news, SVP Mattias Bystrom sold 302 shares of the stock in a transaction dated Thursday, May 23rd. The shares were sold at an average price of $100.38, for a total transaction of $30,314.76. Following the completion of the sale, the senior vice president now owns 34,045 shares in the company, valued at approximately $3,417,437.10. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other Veralto news, SVP Melissa Aquino sold 8,041 shares of the 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 sale, the senior vice president now directly owns 20,761 shares in the company, valued at $1,942,399.16. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, SVP Mattias Bystrom sold 302 shares of the firm’s stock in a transaction that occurred on Thursday, May 23rd. The stock was sold at an average price of $100.38, for a total transaction of $30,314.76. Following the transaction, the senior vice president now owns 34,045 shares of the company’s stock, valued at approximately $3,417,437.10. The disclosure for this sale can be found here. Insiders own 0.31% of the company’s stock.

Veralto Stock Up 2.3 %

VLTO traded up $2.33 during trading hours on Friday, reaching $102.19. The company’s stock had a trading volume of 1,867,268 shares, compared to its average volume of 1,251,732. Veralto Co. has a fifty-two week low of $65.51 and a fifty-two week high of $102.31. The business’s 50-day moving average is $92.46 and its 200-day moving average is $83.99. 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:VLTO) last announced its quarterly earnings data on Tuesday, April 23rd. The company reported $0.84 EPS for the quarter, beating analysts’ consensus estimates of $0.76 by $0.08. The firm had revenue of $1.25 billion during the quarter, compared to analyst estimates of $1.23 billion. The business’s quarterly revenue was up 1.7% compared to the same quarter last year. On average, research analysts anticipate that Veralto Co. will post 3.34 earnings per share for the current fiscal year.

Veralto Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 31st. Shareholders of record on Friday, June 28th will be paid a $0.09 dividend. The ex-dividend date of this dividend is Friday, June 28th. This represents a $0.36 annualized dividend and a yield of 0.35%.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the stock. BMO Capital Markets boosted their target price on shares of Veralto from $97.00 to $101.00 and gave the stock an “outperform” rating in a research note on Thursday, April 25th. Citigroup upped their price target on shares of Veralto from $89.00 to $94.00 and gave the company a “neutral” rating in a report on Monday, April 8th. BNP Paribas began coverage on Veralto in a report on Tuesday, March 12th. They set an “outperform” rating and a $103.00 price target on the stock. Robert W. Baird lifted their price target on shares of Veralto from $90.00 to $98.00 and gave the stock a “neutral” rating in a research note on Thursday, April 25th. Finally, The Goldman Sachs Group began coverage on Veralto in a report on Friday, March 22nd. They set a “buy” rating and a $104.00 price objective for the company. Five equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $95.18.

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.