NBW Capital LLC Invests $601,000 in Veralto Co. (NYSE:VLTO)

NBW Capital LLC bought a new stake in Veralto Co. (NYSE:VLTO) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 7,303 shares of the company’s stock, valued at approximately $601,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in VLTO. Sugarloaf Wealth Management LLC acquired a new stake in Veralto in the 4th quarter valued at approximately $25,000. Blue Trust Inc. acquired a new stake in Veralto in the 4th quarter valued at approximately $26,000. Dougherty Wealth Advisers LLC acquired a new stake in Veralto in the 4th quarter valued at approximately $27,000. Livforsakringsbolaget Skandia Omsesidigt acquired a new stake in Veralto in the 4th quarter valued at approximately $27,000. Finally, Pinnacle Bancorp Inc. acquired a new stake in Veralto in the 4th quarter valued at approximately $29,000. Institutional investors and hedge funds own 91.28% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on VLTO. The Goldman Sachs Group began coverage on Veralto in a report on Friday, March 22nd. They set a “buy” rating and a $104.00 price objective on the stock. Citigroup lifted their price objective on Veralto from $89.00 to $94.00 and gave the stock a “neutral” rating in a report on Monday, April 8th. Argus began coverage on Veralto in a research report on Tuesday, January 9th. They set a “buy” rating and a $90.00 target price for the company. Stifel Nicolaus raised their target price on Veralto from $92.00 to $97.00 and gave the stock a “buy” rating in a research report on Wednesday. Finally, BNP Paribas began coverage on Veralto in a research report on Tuesday, March 12th. They set an “outperform” rating and a $103.00 target price for the company. Five investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $93.36.

Insider Transactions at Veralto

In other news, insider Mattias Bystrom sold 500 shares of the business’s stock in a transaction on 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 in the company, valued at $2,609,691. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 0.31% of the stock is currently owned by corporate insiders.

Veralto Stock Performance

VLTO traded down $1.35 during trading on Thursday, hitting $89.20. The company’s stock had a trading volume of 1,202,183 shares, compared to its average volume of 1,517,213. The firm’s 50 day moving average price is $87.42 and its two-hundred day moving average price is $79.66. 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 12 month low of $65.51 and a 12 month high of $92.15.

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

Veralto Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 30th. Stockholders of record on Thursday, March 28th will be given 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 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.