O Brien Greene & Co. Inc Buys Shares of 50,349 Veralto Co. (NYSE:VLTO)

O Brien Greene & Co. Inc bought a new stake in Veralto Co. (NYSE:VLTO) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 50,349 shares of the company’s stock, valued at approximately $4,142,000.

Other institutional investors also recently bought and sold shares of the company. Impax Asset Management Group plc bought a new position in shares of Veralto in the fourth quarter worth about $347,827,000. abrdn plc bought a new position in shares of Veralto in the fourth quarter worth about $80,959,000. Vontobel Holding Ltd. bought a new position in shares of Veralto in the fourth quarter worth about $60,495,000. DekaBank Deutsche Girozentrale bought a new position in shares of Veralto in the fourth quarter worth about $59,869,000. Finally, Sumitomo Mitsui Trust Holdings Inc. bought a new position in shares of Veralto in the fourth quarter worth about $47,229,000. Institutional investors own 91.28% of the company’s stock.

Insider Transactions at Veralto

In other news, insider Mattias Bystrom sold 500 shares of Veralto 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 sale was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 0.31% of the company’s stock.

Veralto Trading Up 0.4 %

NYSE VLTO opened at $94.12 on Friday. The business has a 50 day simple moving average of $88.53 and a two-hundred day simple moving average of $80.36. The company has a debt-to-equity ratio of 1.76, a quick ratio of 1.40 and a current ratio of 1.83. Veralto Co. has a 1-year low of $65.51 and a 1-year high of $95.40.

Veralto (NYSE:VLTO) last announced its earnings results on Tuesday, April 23rd. The company reported $0.84 EPS for the quarter, topping analysts’ consensus estimates of $0.76 by $0.08. The company had revenue of $1.25 billion during the quarter, compared to analysts’ expectations of $1.23 billion. The company’s revenue for the quarter was up 1.7% on a year-over-year basis. On average, sell-side analysts anticipate that Veralto Co. will post 3.3 earnings per share for the current fiscal year.

Veralto Announces Dividend

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

Analysts Set New Price Targets

Several research analysts have recently commented on VLTO shares. Deutsche Bank Aktiengesellschaft started coverage on Veralto in a research note on Wednesday, January 10th. They issued a “hold” rating and a $79.00 price objective on the stock. Royal Bank of Canada increased their target price on Veralto from $78.00 to $91.00 and gave the stock a “sector perform” rating in a research report on Thursday, February 8th. 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 report on Thursday. Robert W. Baird increased their target price on Veralto from $90.00 to $98.00 and gave the stock a “neutral” rating in a research report on Thursday. Finally, Stifel Nicolaus increased their target price on Veralto from $92.00 to $97.00 and gave the stock a “buy” rating in a research report on Wednesday, April 17th. Five equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price 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.