Veralto Co. (NYSE:VLTO) Shares Purchased by Azzad Asset Management Inc. ADV

Azzad Asset Management Inc. ADV increased its position in shares of Veralto Co. (NYSE:VLTO) by 26.8% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 13,776 shares of the company’s stock after acquiring an additional 2,912 shares during the period. Azzad Asset Management Inc. ADV’s holdings in Veralto were worth $1,221,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of VLTO. Vanguard Group Inc. acquired a new position in Veralto during the 4th quarter worth about $2,127,330,000. Capital International Investors acquired a new stake in Veralto in the 4th quarter valued at about $538,324,000. Brown Advisory Inc. acquired a new stake in Veralto in the 4th quarter valued at about $528,018,000. Impax Asset Management Group plc acquired a new stake in Veralto in the 4th quarter valued at about $347,827,000. Finally, Norges Bank acquired a new stake in Veralto in the 4th quarter valued at about $266,143,000. Institutional investors and hedge funds own 91.28% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the company. Citigroup increased 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. BNP Paribas assumed coverage on Veralto in a research report on Tuesday, March 12th. They issued an “outperform” rating and a $103.00 price target on the stock. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $101.00 price target on shares of Veralto in a research report on Friday, June 14th. TD Cowen initiated coverage on Veralto in a research report on Monday, June 17th. They issued a “hold” rating and a $95.00 price target on the stock. Finally, The Goldman Sachs Group initiated coverage on Veralto in a research report on Friday, March 22nd. They set a “buy” rating and a $104.00 target price on the stock. Six analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $96.00.

Insider Buying and Selling at Veralto

In related news, SVP Melissa Aquino sold 8,041 shares of Veralto stock in a transaction that occurred on Friday, April 26th. The stock was sold at an average price of $93.56, for a total value of $752,315.96. Following the sale, the senior vice president now directly owns 20,761 shares in the company, valued at $1,942,399.16. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In related news, SVP Melissa Aquino sold 8,041 shares of Veralto stock in a transaction that occurred on Friday, April 26th. The stock was sold at an average price of $93.56, for a total value of $752,315.96. Following the sale, the senior vice president now directly owns 20,761 shares in the company, valued at $1,942,399.16. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, SVP Mattias Bystrom sold 302 shares of Veralto stock in a transaction that occurred on Thursday, May 23rd. The shares were sold at an average price of $100.38, for a total value of $30,314.76. Following the completion of the sale, the senior vice president now owns 34,045 shares in the company, valued at $3,417,437.10. The disclosure for this sale can be found here. Company insiders own 0.31% of the company’s stock.

Veralto Trading Up 1.1 %

Shares of VLTO stock traded up $1.07 during midday trading on Wednesday, hitting $95.42. The company had a trading volume of 548,447 shares, compared to its average volume of 1,612,381. The company’s 50 day simple moving average is $98.18 and its 200 day simple moving average is $88.94. Veralto Co. has a 52-week low of $65.51 and a 52-week high of $102.58. The company has a current ratio of 1.83, a quick ratio of 1.56 and a debt-to-equity ratio of 1.76.

Veralto (NYSE:VLTO) last announced its earnings results on Tuesday, April 23rd. The company reported $0.84 earnings per share for the quarter, beating the consensus estimate 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. The company’s quarterly revenue was up 1.7% on a year-over-year basis. As a group, equities analysts anticipate that Veralto Co. will post 3.37 earnings per share for the current year.

Veralto Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 31st. Shareholders of record on Friday, June 28th will be paid a $0.09 dividend. The ex-dividend date of this dividend is Friday, June 28th. This represents a $0.36 annualized dividend and a dividend yield of 0.38%.

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.