Delta Asset Management LLC TN Buys 216 Shares of Veralto Co. (NYSE:VLTO)

Delta Asset Management LLC TN grew its stake in shares of Veralto Co. (NYSE:VLTO) by 216.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 316 shares of the company’s stock after buying an additional 216 shares during the quarter. Delta Asset Management LLC TN’s holdings in Veralto were worth $26,000 at the end of the most recent quarter.

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

Veralto Price Performance

VLTO stock traded down $0.14 during trading on Thursday, reaching $100.62. 209,095 shares of the stock were exchanged, compared to its average volume of 1,541,235. The company has a debt-to-equity ratio of 1.76, a current ratio of 1.83 and a quick ratio of 1.56. The business has a 50 day moving average price of $91.91 and a 200-day moving average price of $83.64. Veralto Co. has a 1 year low of $65.51 and a 1 year high of $101.05.

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, beating analysts’ consensus estimates of $0.76 by $0.08. The company had revenue of $1.25 billion during the quarter, compared to analysts’ expectations of $1.23 billion. Veralto’s revenue for the quarter was up 1.7% on a year-over-year basis. On average, sell-side analysts expect that Veralto Co. will post 3.34 earnings per share for the current year.

Veralto Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 31st. Shareholders of record on Friday, June 28th will be issued a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a yield of 0.36%. The ex-dividend date is Friday, June 28th.

Insiders Place Their Bets

In other news, SVP Melissa Aquino sold 8,041 shares of the business’s stock in a transaction that occurred 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 completion of the sale, the senior vice president now owns 20,761 shares in the company, valued at approximately $1,942,399.16. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 0.31% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the stock. Robert W. Baird boosted their price objective on shares of Veralto from $90.00 to $98.00 and gave the stock a “neutral” rating in a report on Thursday, April 25th. BMO Capital Markets boosted their price objective on shares of Veralto from $97.00 to $101.00 and gave the company an “outperform” rating in a research report on Thursday, April 25th. The Goldman Sachs Group assumed coverage on shares of Veralto in a research report on Friday, March 22nd. They set a “buy” rating and a $104.00 price objective for the company. BNP Paribas started coverage on shares of Veralto in a research report on Tuesday, March 12th. They set an “outperform” rating and a $103.00 price objective for the company. Finally, Stifel Nicolaus lifted their target price on shares of Veralto from $92.00 to $97.00 and gave the company a “buy” rating in a research note on Wednesday, April 17th. Five investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, Veralto presently has a consensus rating of “Moderate Buy” and an average price target of $95.18.

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.