Desjardins Global Asset Management Inc. Purchases Shares of 1,520 Veralto Co. (NYSE:VLTO)

Desjardins Global Asset Management Inc. purchased a new stake in shares of Veralto Co. (NYSE:VLTO) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 1,520 shares of the company’s stock, valued at approximately $125,000.

Several other hedge funds have also modified their holdings of the company. Fishman Jay A Ltd. MI lifted its position in shares of Veralto by 6.0% during the fourth quarter. Fishman Jay A Ltd. MI now owns 4,174 shares of the company’s stock valued at $343,000 after buying an additional 238 shares during the last quarter. Sugarloaf Wealth Management LLC purchased a new position in shares of Veralto in the 4th quarter valued at approximately $25,000. Blue Trust Inc. purchased a new position in shares of Veralto in the 4th quarter valued at approximately $26,000. Dougherty Wealth Advisers LLC purchased a new position in shares of Veralto in the 4th quarter valued at approximately $27,000. Finally, Pinnacle Bancorp Inc. purchased a new position in shares of Veralto in the 4th quarter valued at approximately $29,000. 91.28% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Veralto

In other news, insider Mattias Bystrom sold 500 shares of the firm’s stock in a transaction that occurred on Friday, February 16th. The shares were sold at an average price of $86.10, for a total transaction of $43,050.00. Following the sale, the insider now owns 30,310 shares of the company’s stock, valued at approximately $2,609,691. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.31% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the stock. BMO Capital Markets assumed coverage on shares of Veralto in a research report on Tuesday, February 27th. They issued an “outperform” rating and a $97.00 price objective for the company. 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 price objective for the company. Argus assumed coverage on shares of Veralto in a research report on Tuesday, January 9th. They issued a “buy” rating and a $90.00 price objective for the company. Stifel Nicolaus increased their price objective on shares of Veralto from $92.00 to $97.00 and gave the company a “buy” rating in a research report on Wednesday. Finally, The Goldman Sachs Group initiated coverage on shares of Veralto in a research report on Friday, March 22nd. They issued 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 given a buy rating to the company’s stock. According to data from MarketBeat, Veralto currently has an average rating of “Moderate Buy” and a consensus target price of $93.36.

Veralto Stock Up 0.1 %

VLTO opened at $88.89 on Friday. Veralto Co. has a 12-month low of $65.51 and a 12-month high of $92.15. The firm has a 50 day moving average of $87.68 and a two-hundred day moving average of $79.78. 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 (NYSE:VLTO) last issued its quarterly earnings data on Tuesday, February 6th. The company reported $0.87 EPS for the quarter, topping analysts’ consensus estimates 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. Veralto’s revenue for the quarter was up 3.2% compared to the same quarter last year. During the same period in the previous year, the business earned $0.80 EPS. On average, equities research analysts expect that Veralto Co. will post 3.26 earnings per share for the current fiscal year.

Veralto Announces Dividend

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

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.