United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund Takes Position in Veralto Co. (NYSE:VLTO)

United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund purchased a new stake in Veralto Co. (NYSE:VLTO - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 2,800 shares of the company's stock, valued at approximately $285,000.

Other large investors have also recently modified their holdings of the company. PEAK6 Investments LLC boosted its stake in Veralto by 246.3% during the third quarter. PEAK6 Investments LLC now owns 8,733 shares of the company's stock worth $977,000 after acquiring an additional 6,211 shares in the last quarter. Nordea Investment Management AB boosted its position in shares of Veralto by 34.6% during the 4th quarter. Nordea Investment Management AB now owns 3,923,747 shares of the company's stock worth $400,928,000 after purchasing an additional 1,009,170 shares in the last quarter. Park Avenue Securities LLC grew its stake in shares of Veralto by 18.4% in the 4th quarter. Park Avenue Securities LLC now owns 17,228 shares of the company's stock valued at $1,755,000 after buying an additional 2,676 shares during the period. The Manufacturers Life Insurance Company increased its position in Veralto by 10.2% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 163,227 shares of the company's stock valued at $18,259,000 after buying an additional 15,048 shares in the last quarter. Finally, Czech National Bank raised its stake in Veralto by 6.5% during the 4th quarter. Czech National Bank now owns 53,622 shares of the company's stock worth $5,461,000 after buying an additional 3,284 shares during the period. Institutional investors own 91.28% of the company's stock.

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Insider Transactions at Veralto

In other Veralto news, SVP Surekha Trivedi sold 590 shares of the firm's stock in a transaction dated Tuesday, February 25th. The stock was sold at an average price of $100.35, for a total value of $59,206.50. Following the transaction, the senior vice president now directly owns 8,470 shares of the company's stock, valued at approximately $849,964.50. This trade represents a 6.51 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Jennifer Honeycutt sold 10,414 shares of the company's stock in a transaction that occurred on Tuesday, February 25th. The shares were sold at an average price of $100.35, for a total transaction of $1,045,044.90. Following the sale, the chief executive officer now directly owns 104,496 shares of the company's stock, valued at approximately $10,486,173.60. This represents a 9.06 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 21,881 shares of company stock valued at $2,176,770 in the last ninety days. 0.31% of the stock is currently owned by corporate insiders.

Veralto Trading Down 2.0 %

VLTO stock traded down $1.92 on Friday, reaching $95.97. The company's stock had a trading volume of 834,861 shares, compared to its average volume of 1,499,859. The company has a debt-to-equity ratio of 1.27, a quick ratio of 1.69 and a current ratio of 1.92. The business has a fifty day simple moving average of $99.48 and a two-hundred day simple moving average of $103.97. The firm has a market cap of $23.76 billion, a PE ratio of 28.73, a PEG ratio of 4.24 and a beta of 1.11. Veralto Co. has a 12-month low of $85.91 and a 12-month high of $115.00.

Veralto (NYSE:VLTO - Get Free Report) last posted its quarterly earnings data on Tuesday, February 4th. The company reported $0.95 earnings per share for the quarter, beating the consensus estimate of $0.90 by $0.05. Veralto had a return on equity of 49.29% and a net margin of 16.04%. As a group, research analysts forecast that Veralto Co. will post 3.66 EPS for the current year.

Veralto Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Monday, March 31st will be issued a dividend of $0.11 per share. The ex-dividend date of this dividend is Monday, March 31st. This represents a $0.44 annualized dividend and a dividend yield of 0.46%. Veralto's payout ratio is 13.17%.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on VLTO shares. Jefferies Financial Group started coverage on shares of Veralto in a research report on Thursday, December 12th. They issued a "buy" rating and a $125.00 price target on the stock. Stifel Nicolaus dropped their price objective on Veralto from $116.00 to $110.00 and set a "buy" rating for the company in a research note on Thursday, February 6th. Royal Bank of Canada dropped their target price on shares of Veralto from $111.00 to $110.00 and set a "sector perform" rating for the company in a research report on Thursday, February 6th. Finally, Citigroup dropped their price objective on shares of Veralto from $118.00 to $116.00 and set a "neutral" rating for the company in a report on Monday, January 13th. Six equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $113.50.

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.