O Brien Greene & Co. Inc Makes New Investment in Veralto Co. (NYSE:VLTO)

O Brien Greene & Co. Inc bought a new position in Veralto Co. (NYSE:VLTO) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 50,349 shares of the company’s stock, valued at approximately $4,142,000.

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

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the stock. Robert W. Baird upped their price objective on shares of Veralto from $90.00 to $98.00 and gave the company a “neutral” rating in a research note on Thursday. Argus initiated coverage on shares of Veralto in a research report on Tuesday, January 9th. They issued a “buy” rating and a $90.00 target price for the company. The Goldman Sachs Group initiated coverage on shares of Veralto in a research report on Friday, March 22nd. They issued a “buy” rating and a $104.00 target price for the company. Stifel Nicolaus boosted their target price on shares of Veralto from $92.00 to $97.00 and gave the stock a “buy” rating in a research report on Wednesday, April 17th. Finally, Royal Bank of Canada boosted their target price on shares of Veralto from $78.00 to $91.00 and gave the stock a “sector perform” rating in a research report on Thursday, February 8th. Five research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $95.18.

Insiders Place Their Bets

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

Veralto Stock Performance

Shares of VLTO stock opened at $94.12 on Friday. The company has a debt-to-equity ratio of 1.76, a quick ratio of 1.40 and a current ratio of 1.83. Veralto Co. has a 52-week low of $65.51 and a 52-week high of $95.40. The firm has a fifty day moving average of $88.53 and a 200-day moving average of $80.36.

Veralto (NYSE:VLTO) last posted its quarterly earnings data 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 business had revenue of $1.25 billion during the quarter, compared to analyst estimates of $1.23 billion. The company’s revenue was up 1.7% compared to the same quarter last year. On average, equities research analysts forecast that Veralto Co. will post 3.3 earnings per share for the current year.

Veralto Dividend Announcement

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

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.