Quantbot Technologies LP Purchases Shares of 89,987 Veralto Co. (NYSE:VLTO)

Quantbot Technologies LP purchased a new stake in Veralto Co. (NYSE:VLTO) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 89,987 shares of the company’s stock, valued at approximately $7,978,000. Veralto makes up about 0.4% of Quantbot Technologies LP’s portfolio, making the stock its 22nd largest position.

Several other large investors also recently modified their holdings of VLTO. Vanguard Group Inc. bought a new stake in shares of Veralto in the 4th quarter valued at approximately $2,127,330,000. Capital International Investors bought a new stake in shares of Veralto in the 4th quarter valued at approximately $538,324,000. Brown Advisory Inc. bought a new stake in shares of Veralto in the 4th quarter valued at approximately $528,018,000. Impax Asset Management Group plc bought a new stake in shares of Veralto in the 4th quarter valued at approximately $347,827,000. Finally, Norges Bank bought a new stake in Veralto during the 4th quarter worth approximately $266,143,000. 91.28% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

VLTO has been the topic of a number of research analyst reports. BMO Capital Markets increased their price target on Veralto from $97.00 to $101.00 and gave the stock an “outperform” rating in a research report on Thursday, April 25th. Robert W. Baird increased their price target on Veralto from $90.00 to $98.00 and gave the stock a “neutral” rating in a research report on Thursday, April 25th. Citigroup increased their price objective 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 issued a “buy” rating and a $104.00 price objective on the stock. Finally, Stifel Nicolaus increased their price objective on Veralto from $92.00 to $97.00 and gave the company a “buy” rating in a research report on Wednesday, April 17th. Six investment analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $96.00.

Veralto Stock Up 1.7 %

Shares of VLTO stock traded up $1.66 during trading hours on Friday, reaching $98.76. The company had a trading volume of 1,050,142 shares, compared to its average volume of 1,598,194. The company has a 50 day moving average of $98.45 and a 200 day moving average of $89.53. The company has a debt-to-equity ratio of 1.76, a quick ratio of 1.56 and a current ratio of 1.83. Veralto Co. has a 1-year low of $65.51 and a 1-year high of $102.58.

Veralto (NYSE:VLTO) last issued its quarterly earnings data on Tuesday, April 23rd. The company reported $0.84 EPS for the quarter, topping the consensus estimate of $0.76 by $0.08. The business had revenue of $1.25 billion for the quarter, compared to analyst estimates of $1.23 billion. The firm’s revenue was up 1.7% on a year-over-year basis. On average, analysts anticipate that Veralto Co. will post 3.37 earnings per share for the current fiscal year.

Veralto Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 31st. Investors of record on Friday, June 28th will be paid 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 Veralto news, SVP Mattias Bystrom sold 302 shares of the stock in a transaction dated Thursday, May 23rd. The stock was sold at an average price of $100.38, for a total transaction of $30,314.76. Following the completion of the transaction, the senior vice president now owns 34,045 shares in the company, valued at approximately $3,417,437.10. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In other Veralto news, SVP Mattias Bystrom sold 302 shares of the stock in a transaction dated Thursday, May 23rd. The stock was sold at an average price of $100.38, for a total transaction of $30,314.76. Following the completion of the transaction, the senior vice president now owns 34,045 shares in the company, valued at approximately $3,417,437.10. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, SVP Melissa Aquino sold 8,041 shares of the firm’s stock in a transaction dated Friday, April 26th. The shares were sold at an average price of $93.56, for a total value of $752,315.96. Following the completion of the transaction, the senior vice president now owns 20,761 shares of the company’s stock, valued at approximately $1,942,399.16. The disclosure for this sale can be found here. Corporate insiders own 0.31% of the company’s stock.

Veralto 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.