Veralto Co. (NYSE:VLTO) Shares Bought by Mountain Pacific Investment Advisers Inc. ID

Mountain Pacific Investment Advisers Inc. ID lifted its position in shares of Veralto Co. (NYSE:VLTO) by 754.2% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 86,287 shares of the company’s stock after acquiring an additional 76,186 shares during the period. Mountain Pacific Investment Advisers Inc. ID’s holdings in Veralto were worth $7,098,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in VLTO. Impax Asset Management Group plc acquired a new stake in shares of Veralto during the 4th quarter valued at approximately $347,827,000. abrdn plc acquired a new stake in shares of Veralto during the 4th quarter valued at approximately $80,959,000. Vontobel Holding Ltd. acquired a new stake in shares of Veralto during the 4th quarter valued at approximately $60,495,000. DekaBank Deutsche Girozentrale acquired a new stake in shares of Veralto during the 4th quarter valued at approximately $59,869,000. Finally, Sumitomo Mitsui Trust Holdings Inc. acquired a new stake in shares of Veralto during the 4th quarter valued at approximately $47,229,000. 91.28% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Veralto

In related news, insider Mattias Bystrom sold 500 shares of the firm’s stock in a transaction dated Friday, February 16th. The stock was sold at an average price of $86.10, for a total transaction of $43,050.00. Following the completion of the transaction, the insider now owns 30,310 shares of the company’s stock, valued at $2,609,691. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 0.31% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the company. The Goldman Sachs Group assumed coverage on Veralto in a research report on Friday, March 22nd. They set a “buy” rating and a $104.00 price target on the stock. Argus assumed coverage on Veralto in a research report on Tuesday, January 9th. They issued a “buy” rating and a $90.00 target price on the stock. 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. 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. Finally, Citigroup increased their target price on Veralto from $89.00 to $94.00 and gave the stock a “neutral” rating in a research report on Monday, April 8th. Five research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $95.18.

Veralto Trading Up 0.4 %

NYSE:VLTO opened at $94.12 on Friday. Veralto Co. has a 1 year low of $65.51 and a 1 year high of $95.40. The business has a fifty day moving average of $88.53 and a 200-day moving average of $80.40. The company has a debt-to-equity ratio of 1.76, a current ratio of 1.83 and a quick ratio of 1.40.

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

Veralto Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 30th. Investors of record on Thursday, March 28th will be paid a dividend of $0.09 per share. The ex-dividend date is Wednesday, March 27th. This represents a $0.36 annualized dividend and a yield of 0.38%.

About Veralto

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.