Duncker Streett & Co. Inc. Purchases 11,400 Shares of Veralto Co. (NYSE:VLTO)

Duncker Streett & Co. Inc. increased its position in shares of Veralto Co. (NYSE:VLTO) by 458.9% during the fourth quarter, HoldingsChannel.com reports. The fund owned 13,884 shares of the company’s stock after acquiring an additional 11,400 shares during the period. Duncker Streett & Co. Inc.’s holdings in Veralto were worth $1,142,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Sugarloaf Wealth Management LLC bought a new position in shares of Veralto in the 4th quarter worth $25,000. Blue Trust Inc. purchased a new stake in shares of Veralto in the 4th quarter valued at $26,000. Dougherty Wealth Advisers LLC purchased a new stake in shares of Veralto in the 4th quarter valued at $27,000. Pinnacle Bancorp Inc. purchased a new stake in shares of Veralto in the 4th quarter valued at $29,000. Finally, Gradient Investments LLC boosted its stake in shares of Veralto by 2,678.6% in the 4th quarter. Gradient Investments LLC now owns 389 shares of the company’s stock valued at $32,000 after purchasing an additional 375 shares in the last quarter. Institutional investors own 91.28% of the company’s stock.

Insider Buying and Selling at Veralto

In other Veralto news, insider Mattias Bystrom sold 500 shares of Veralto stock in a transaction that occurred on Friday, February 16th. The shares were sold at an average price of $86.10, for a total transaction of $43,050.00. Following the transaction, the insider now owns 30,310 shares of the company’s stock, valued at $2,609,691. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.31% of the company’s stock.

Analyst Upgrades and Downgrades

VLTO has been the subject of a number of research reports. Stifel Nicolaus cut their price objective on shares of Veralto from $83.00 to $82.00 and set a “buy” rating for the company in a research note on Tuesday, January 23rd. BNP Paribas initiated coverage on shares of Veralto in a research note on Tuesday, March 12th. They issued an “outperform” rating and a $103.00 price target for the company. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Veralto in a research note on Wednesday, January 10th. They issued a “hold” rating and a $79.00 price target for the company. BMO Capital Markets initiated coverage on shares of Veralto in a research note on Tuesday, February 27th. They issued an “outperform” rating and a $97.00 price target for the company. Finally, Argus started coverage on shares of Veralto in a research note on Tuesday, January 9th. They issued a “buy” rating and a $90.00 price target for the company. Five equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, Veralto currently has a consensus rating of “Moderate Buy” and a consensus price target of $92.00.

Veralto Stock Up 1.1 %

Shares of VLTO traded up $1.03 on Wednesday, reaching $90.89. The company’s stock had a trading volume of 2,097,883 shares, compared to its average volume of 1,481,295. The company has a debt-to-equity ratio of 1.89, a quick ratio of 1.40 and a current ratio of 1.64. The stock’s 50 day simple moving average is $87.23 and its two-hundred day simple moving average is $79.58. Veralto Co. has a 12-month low of $65.51 and a 12-month high of $91.37.

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

Veralto Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 30th. Shareholders of record on Thursday, March 28th will be issued a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a yield of 0.40%. The ex-dividend date of this dividend is Wednesday, March 27th.

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.