78,464 Shares in Veralto Co. (NYSE:VLTO) Purchased by Kirr Marbach & Co. LLC IN

Kirr Marbach & Co. LLC IN acquired a new position in shares of Veralto Co. (NYSE:VLTO) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 78,464 shares of the company’s stock, valued at approximately $6,462,000. Veralto makes up approximately 1.7% of Kirr Marbach & Co. LLC IN’s holdings, making the stock its 25th biggest position.

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

Analysts Set New Price Targets

A number of research analysts have weighed in on the company. The Goldman Sachs Group assumed 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. Argus assumed coverage on Veralto in a research note on Tuesday, January 9th. They issued a “buy” rating and a $90.00 price target for the company. BMO Capital Markets initiated coverage on Veralto in a research note on Tuesday, February 27th. They issued an “outperform” rating and a $97.00 price target for the company. Deutsche Bank Aktiengesellschaft initiated coverage on Veralto in a research note on Wednesday, January 10th. They set a “hold” rating and a $79.00 target price for the company. Finally, Royal Bank of Canada lifted their target price on Veralto from $78.00 to $91.00 and gave the stock a “sector perform” rating in a research note on Thursday, February 8th. Five investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $92.00.

Veralto Stock Performance

NYSE:VLTO traded up $0.99 during mid-day trading on Tuesday, hitting $90.85. 470,949 shares of the stock were exchanged, compared to its average volume of 1,489,657. The stock’s 50-day moving average price is $86.97. The company has a current ratio of 1.64, a quick ratio of 1.40 and a debt-to-equity ratio of 1.89. Veralto Co. has a fifty-two week low of $65.51 and a fifty-two week high of $90.86.

Veralto (NYSE:VLTO) last released its quarterly earnings results on Tuesday, February 6th. The company reported $0.87 earnings per share for the quarter, topping the consensus estimate of $0.80 by $0.07. The firm had revenue of $1.29 billion for the quarter, compared to analyst estimates of $1.25 billion. The business’s revenue for the quarter was up 3.2% on a year-over-year basis. During the same period in the previous year, the business posted $0.80 earnings per share. Research analysts anticipate that Veralto Co. will post 3.26 earnings per share for the current year.

Veralto Dividend Announcement

The company also recently declared 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. The ex-dividend date is Wednesday, March 27th. This represents a $0.36 annualized dividend and a yield of 0.40%.

Insider Buying and Selling

In other Veralto news, insider Mattias Bystrom sold 500 shares of Veralto 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 transaction, the insider now directly 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 available through this hyperlink. 0.31% of the stock is currently owned by insiders.

About Veralto

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.