3,955 Shares in Veralto Co. (NYSE:VLTO) Bought by Highland Capital Management LLC

Highland Capital Management LLC acquired a new stake in Veralto Co. (NYSE:VLTO) during the 4th quarter, Holdings Channel reports. The fund acquired 3,955 shares of the company’s stock, valued at approximately $325,000.

A number of other large investors have also recently added to or reduced their stakes in the company. Jamison Private Wealth Management Inc. acquired a new position in shares of Veralto during the fourth quarter worth about $193,000. Assenagon Asset Management S.A. bought a new stake in Veralto in the 4th quarter valued at approximately $965,000. Meyer Handelman Co. acquired a new position in Veralto during the 4th quarter worth approximately $1,045,000. Douglas Lane & Associates LLC bought a new position in shares of Veralto during the 4th quarter worth approximately $4,699,000. Finally, Fort Washington Investment Advisors Inc. OH acquired a new stake in shares of Veralto in the fourth quarter valued at approximately $291,000. Institutional investors own 91.28% of the company’s stock.

Veralto Stock Performance

Shares of NYSE:VLTO opened at $89.75 on Thursday. The company has a debt-to-equity ratio of 1.89, a current ratio of 1.64 and a quick ratio of 1.40. Veralto Co. has a 12-month low of $65.51 and a 12-month high of $90.69. The stock’s 50 day moving average price is $84.21.

Veralto (NYSE:VLTO) last issued its quarterly earnings data on Tuesday, February 6th. The company reported $0.87 EPS for the quarter, beating analysts’ consensus estimates of $0.80 by $0.07. The firm had revenue of $1.29 billion during the quarter, compared to analyst estimates of $1.25 billion. During the same period in the prior year, the company earned $0.80 earnings per share. The business’s quarterly revenue was up 3.2% compared to the same quarter last year. As a group, analysts expect that Veralto Co. will post 3.26 EPS for the current year.

Veralto Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 30th. Shareholders of record on Thursday, March 28th will be paid a $0.09 dividend. This represents a $0.36 annualized dividend and a yield of 0.40%. The ex-dividend date is Wednesday, March 27th.

Insider Buying and Selling at Veralto

In other news, insider Mattias Bystrom sold 500 shares of Veralto stock in a transaction that occurred on Friday, February 16th. The shares were sold at an average price of $86.10, for a total value of $43,050.00. Following the completion of the sale, the insider now directly owns 30,310 shares in the company, valued at $2,609,691. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.

Analyst Ratings Changes

A number of research analysts recently weighed in on VLTO shares. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Veralto in a research report on Wednesday, January 10th. They issued a “hold” rating and a $79.00 target price for the company. Argus assumed coverage on Veralto in a report on Tuesday, January 9th. They issued a “buy” rating and a $90.00 price objective for the company. BMO Capital Markets began coverage on Veralto in a report on Tuesday, February 27th. They set an “outperform” rating and a $97.00 target price on the stock. The Goldman Sachs Group assumed coverage on Veralto in a research note on Friday, March 22nd. They set a “buy” rating and a $104.00 price objective on the stock. Finally, Royal Bank of Canada boosted their price objective on shares of 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 assigned a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $91.36.

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.