Flossbach Von Storch AG Invests $582,000 in Veralto Co. (NYSE:VLTO)

Flossbach Von Storch AG purchased a new stake in Veralto Co. (NYSE:VLTO) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 7,071 shares of the company’s stock, valued at approximately $582,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Sugarloaf Wealth Management LLC bought a new position in Veralto in the 4th quarter valued at approximately $25,000. Blue Trust Inc. bought a new position in shares of Veralto in the 4th quarter valued at $26,000. Dougherty Wealth Advisers LLC acquired a new stake in shares of Veralto during the 4th quarter valued at $27,000. Livforsakringsbolaget Skandia Omsesidigt bought a new stake in Veralto during the 4th quarter worth $27,000. Finally, Pinnacle Bancorp Inc. acquired a new position in Veralto in the 4th quarter worth about $29,000. 91.28% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the company. BMO Capital Markets began coverage on Veralto in a research note on Tuesday, February 27th. They set an “outperform” rating and a $97.00 price target on the stock. Citigroup upped their price target on Veralto from $89.00 to $94.00 and gave the company a “neutral” rating in a research report on Monday, April 8th. 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 objective for the company. Royal Bank of Canada increased their target price on shares of Veralto from $78.00 to $91.00 and gave the company a “sector perform” rating in a research report on Thursday, February 8th. Finally, Deutsche Bank Aktiengesellschaft assumed coverage on shares of Veralto in a research note on Wednesday, January 10th. They set a “hold” rating and a $79.00 target price for the company. Five research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, Veralto presently has an average rating of “Moderate Buy” and a consensus price target of $93.36.

Veralto Trading Down 0.4 %

Shares of VLTO stock traded down $0.35 during trading hours on Thursday, reaching $90.20. The company had a trading volume of 179,594 shares, compared to its average volume of 1,503,496. The company has a quick ratio of 1.40, a current ratio of 1.64 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. The business has a fifty day simple moving average of $87.42 and a 200-day simple moving average of $79.66.

Veralto (NYSE:VLTO) last released its quarterly earnings results on Tuesday, February 6th. The company reported $0.87 EPS for the quarter, beating analysts’ consensus estimates of $0.80 by $0.07. The company had revenue of $1.29 billion during the quarter, compared to analysts’ expectations of $1.25 billion. The company’s quarterly revenue was up 3.2% compared to the same quarter last year. During the same period in the previous year, the company posted $0.80 earnings per share. Analysts anticipate that Veralto Co. will post 3.26 EPS for the current fiscal year.

Veralto Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 30th. Investors of record on Thursday, March 28th will be given a dividend of $0.09 per share. 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.

Insider Buying and Selling

In other Veralto news, insider Mattias Bystrom sold 500 shares of the stock in a transaction dated Friday, February 16th. The shares were sold at an average price of $86.10, for a total value of $43,050.00. Following the completion of the sale, 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 is available at this link. 0.31% of the stock is owned by corporate insiders.

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.