APG Asset Management N.V. Makes New Investment in Veralto Co. (NYSE:VLTO)

APG Asset Management N.V. acquired a new position in shares of Veralto Co. (NYSE:VLTO - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 133,600 shares of the company's stock, valued at approximately $13,141,000. APG Asset Management N.V. owned 0.05% of Veralto at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of VLTO. Wellington Management Group LLP raised its holdings in shares of Veralto by 0.5% in the 3rd quarter. Wellington Management Group LLP now owns 523,760 shares of the company's stock valued at $58,588,000 after purchasing an additional 2,662 shares in the last quarter. Kovitz Investment Group Partners LLC boosted its position in shares of Veralto by 120.2% in the third quarter. Kovitz Investment Group Partners LLC now owns 8,130 shares of the company's stock worth $909,000 after buying an additional 4,438 shares during the period. MML Investors Services LLC grew its position in shares of Veralto by 4.3% in the 3rd quarter. MML Investors Services LLC now owns 51,041 shares of the company's stock worth $5,709,000 after acquiring an additional 2,109 shares in the last quarter. Nomura Asset Management Co. Ltd. boosted its position in Veralto by 5.7% during the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 72,423 shares of the company's stock worth $8,101,000 after acquiring an additional 3,880 shares during the period. Finally, Barclays PLC grew its position in Veralto by 43.8% in the third quarter. Barclays PLC now owns 729,081 shares of the company's stock worth $81,556,000 after buying an additional 222,076 shares during the last quarter. 91.28% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, CEO Jennifer Honeycutt sold 10,414 shares of the business's stock in a transaction on Tuesday, February 25th. The stock was sold at an average price of $100.35, for a total value of $1,045,044.90. Following the completion of the transaction, the chief executive officer now directly owns 104,496 shares of the company's stock, valued at approximately $10,486,173.60. The trade was a 9.06 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP Surekha Trivedi sold 590 shares of Veralto stock in a transaction that occurred on Tuesday, April 1st. The shares were sold at an average price of $97.05, for a total transaction of $57,259.50. Following the transaction, the senior vice president now directly owns 10,011 shares of the company's stock, valued at approximately $971,567.55. This trade represents a 5.57 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 22,471 shares of company stock valued at $2,234,030 over the last quarter. Corporate insiders own 0.31% of the company's stock.

Veralto Trading Up 0.2 %

Veralto stock traded up $0.20 during trading hours on Wednesday, reaching $90.26. 537,869 shares of the company's stock traded hands, compared to its average volume of 1,507,997. Veralto Co. has a fifty-two week low of $83.87 and a fifty-two week high of $115.00. 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 firm has a market capitalization of $22.39 billion, a price-to-earnings ratio of 27.02, a PEG ratio of 4.24 and a beta of 0.97. The firm's 50 day moving average is $96.46 and its 200-day moving average is $102.19.

Veralto (NYSE:VLTO - Get Free Report) last issued its quarterly earnings results on Tuesday, February 4th. The company reported $0.95 earnings per share (EPS) 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%. On average, analysts predict that Veralto Co. will post 3.66 earnings per share for the current year.

Veralto Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Monday, March 31st will be given a $0.11 dividend. The ex-dividend date of this dividend is Monday, March 31st. This represents a $0.44 dividend on an annualized basis and a dividend yield of 0.49%. Veralto's dividend payout ratio is currently 13.17%.

Analysts Set New Price Targets

A number of analysts recently weighed in on VLTO shares. Stifel Nicolaus lowered their target price on shares of Veralto from $110.00 to $102.00 and set a "buy" rating on the stock in a research note on Wednesday. Royal Bank of Canada reduced their price target on Veralto from $111.00 to $110.00 and set a "sector perform" rating on the stock in a report on Thursday, February 6th. Finally, Citigroup decreased their price target on Veralto from $116.00 to $100.00 and set a "neutral" rating for the company in a research report on Monday. Six research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $111.10.

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.