Amalgamated Bank Invests $4.58 Million in Veralto Co. (NYSE:VLTO)

Amalgamated Bank acquired a new position in Veralto Co. (NYSE:VLTO) during the fourth quarter, according to its most recent 13F filing with the SEC. The firm acquired 55,654 shares of the company’s stock, valued at approximately $4,578,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Sugarloaf Wealth Management LLC acquired a new position in shares of Veralto during the fourth quarter worth about $25,000. First Command Advisory Services Inc. purchased a new position in Veralto in the 4th quarter worth approximately $25,000. Blue Trust Inc. acquired a new stake in Veralto in the fourth quarter valued at approximately $26,000. Dougherty Wealth Advisers LLC purchased a new stake in shares of Veralto during the fourth quarter valued at approximately $27,000. Finally, Livforsakringsbolaget Skandia Omsesidigt acquired a new position in shares of Veralto during the fourth quarter worth $27,000. 91.28% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, SVP Melissa Aquino sold 8,041 shares of Veralto stock in a transaction on Friday, April 26th. The stock was sold at an average price of $93.56, for a total transaction of $752,315.96. Following the transaction, the senior vice president now directly owns 20,761 shares in the company, valued at approximately $1,942,399.16. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other Veralto news, insider Mattias Bystrom sold 500 shares of the company’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 value of $43,050.00. Following the transaction, the insider now owns 30,310 shares in the company, valued at approximately $2,609,691. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, SVP Melissa Aquino sold 8,041 shares of Veralto stock in a transaction on Friday, April 26th. The shares were sold at an average price of $93.56, for a total transaction of $752,315.96. Following the sale, the senior vice president now directly owns 20,761 shares of the company’s stock, valued at approximately $1,942,399.16. The disclosure for this sale can be found here. 0.31% of the stock is owned by insiders.

Analysts Set New Price Targets

VLTO has been the topic of a number of recent analyst reports. 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 report on Thursday, February 8th. Robert W. Baird increased their target price on Veralto from $90.00 to $98.00 and gave the company a “neutral” rating in a research note on Thursday, April 25th. The Goldman Sachs Group started coverage on shares of Veralto in a report on Friday, March 22nd. They issued a “buy” rating and a $104.00 price target on the stock. Argus started coverage on shares of Veralto in a research report on Tuesday, January 9th. They issued a “buy” rating and a $90.00 target price for the company. Finally, BNP Paribas began coverage on shares of Veralto in a research report on Tuesday, March 12th. They set an “outperform” rating and a $103.00 price target on the stock. Five research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $95.18.

Veralto Stock Performance

Shares of NYSE:VLTO opened at $97.27 on Wednesday. The company has a debt-to-equity ratio of 1.76, a quick ratio of 1.56 and a current ratio of 1.83. The firm’s 50 day moving average is $89.79 and its two-hundred day moving average is $81.57. Veralto Co. has a 52 week low of $65.51 and a 52 week high of $97.39.

Veralto (NYSE:VLTO) last announced its earnings results on Tuesday, April 23rd. The company reported $0.84 earnings per share for the quarter, beating the consensus estimate of $0.76 by $0.08. The business had revenue of $1.25 billion for the quarter, compared to the consensus estimate of $1.23 billion. The firm’s quarterly revenue was up 1.7% on a year-over-year basis. As a group, analysts expect that Veralto Co. will post 3.34 EPS for the current fiscal year.

Veralto Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, April 30th. Shareholders of record on Thursday, March 28th were paid a dividend of $0.09 per share. The ex-dividend date was Wednesday, March 27th. This represents a $0.36 annualized dividend and a yield of 0.37%.

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.