Veralto Co. (NYSE:VLTO) Shares Bought by Duncker Streett & Co. Inc.

Duncker Streett & Co. Inc. raised its stake in Veralto Co. (NYSE:VLTO) by 458.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 13,884 shares of the company’s stock after acquiring an additional 11,400 shares during the quarter. Duncker Streett & Co. Inc.’s holdings in Veralto were worth $1,142,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of VLTO. Impax Asset Management Group plc acquired a new position in shares of Veralto during the 4th quarter worth approximately $347,827,000. Vontobel Holding Ltd. purchased a new stake in shares of Veralto during the fourth quarter worth approximately $60,495,000. DekaBank Deutsche Girozentrale purchased a new stake in shares of Veralto during the fourth quarter worth approximately $59,869,000. Sumitomo Mitsui Trust Holdings Inc. purchased a new stake in shares of Veralto during the fourth quarter worth approximately $47,229,000. Finally, New York State Teachers Retirement System purchased a new stake in shares of Veralto during the fourth quarter worth approximately $19,498,000. 91.28% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts recently commented on VLTO shares. BMO Capital Markets started coverage on Veralto in a research report on Tuesday, February 27th. They set an “outperform” rating and a $97.00 price target for the company. Deutsche Bank Aktiengesellschaft began coverage on Veralto in a report on Wednesday, January 10th. They issued a “hold” rating and a $79.00 target price for the company. BNP Paribas began coverage on Veralto in a report on Tuesday, March 12th. They issued an “outperform” rating and a $103.00 target price for the company. Royal Bank of Canada upped their target price on Veralto from $78.00 to $91.00 and gave the company a “sector perform” rating in a report on Thursday, February 8th. Finally, Stifel Nicolaus dropped their target price on Veralto from $83.00 to $82.00 and set a “buy” rating for the company in a report on Tuesday, January 23rd. Five equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $92.00.

Insider Activity

In other Veralto news, insider Mattias Bystrom sold 500 shares of the business’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 sale, the insider now owns 30,310 shares of the company’s stock, valued at $2,609,691. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 0.31% of the company’s stock.

Veralto Stock Up 1.1 %

NYSE:VLTO traded up $1.03 during mid-day trading on Wednesday, reaching $90.89. 2,097,883 shares of the stock were exchanged, compared to its average volume of 1,481,295. The company has a 50 day simple moving average of $87.23 and a 200-day simple moving average of $79.58. 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 $91.37.

Veralto (NYSE:VLTO) last released its quarterly earnings results on Tuesday, February 6th. The company reported $0.87 earnings per share (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 analysts’ expectations of $1.25 billion. During the same quarter in the prior year, the business earned $0.80 EPS. The company’s quarterly revenue was up 3.2% compared to the same quarter last year. On average, equities analysts predict that Veralto Co. will post 3.26 earnings per share for the current year.

Veralto Announces Dividend

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

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.