CVA Family Office LLC Buys New Holdings in Veralto Co. (NYSE:VLTO)

CVA Family Office LLC bought a new stake in Veralto Co. (NYSE:VLTO) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 707 shares of the company’s stock, valued at approximately $58,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Sugarloaf Wealth Management LLC acquired a new position in Veralto during the 4th quarter valued at about $25,000. Fortitude Family Office LLC acquired a new position in Veralto during the 4th quarter valued at about $35,000. North Star Investment Management Corp. acquired a new position in Veralto during the 4th quarter valued at about $51,000. Compagnie Lombard Odier SCmA acquired a new position in Veralto during the 4th quarter valued at about $58,000. Finally, M&R Capital Management Inc. acquired a new position in Veralto during the 4th quarter valued at about $70,000. 91.28% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

VLTO has been the topic of a number of research analyst reports. BMO Capital Markets initiated coverage on Veralto in a research note on Tuesday, February 27th. They issued an “outperform” rating and a $97.00 target price on the stock. BNP Paribas initiated coverage on Veralto in a research note on Tuesday, March 12th. They issued an “outperform” rating and a $103.00 target price on the stock. Wolfe Research initiated coverage on Veralto in a research note on Wednesday, December 13th. They issued a “peer perform” rating on the stock. Stifel Nicolaus cut their target price on Veralto from $83.00 to $82.00 and set a “buy” rating on the stock in a research note on Tuesday, January 23rd. Finally, Argus began coverage on Veralto in a research note on Tuesday, January 9th. They issued a “buy” rating and a $90.00 target price on the stock. Five research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Veralto currently has a consensus rating of “Moderate Buy” and an average target price of $91.36.

Insider Buying and Selling at Veralto

In other news, insider Mattias Bystrom sold 500 shares of the company’s stock in a transaction 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 transaction, the insider now owns 30,310 shares of the company’s stock, valued at $2,609,691. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.

Veralto Price Performance

Shares of VLTO stock opened at $89.75 on Thursday. The firm’s fifty day simple moving average is $84.21. 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 1 year low of $65.51 and a 1 year high of $90.69.

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

Veralto Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 30th. Shareholders 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 dividend on an annualized basis and a yield of 0.40%.

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.