Caisse Des Depots ET Consignations Purchases New Shares in Veralto Co. (NYSE:VLTO)

Caisse Des Depots ET Consignations bought a new stake in Veralto Co. (NYSE:VLTO - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 4,160 shares of the company's stock, valued at approximately $424,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. Thrivent Financial for Lutherans increased its position in shares of Veralto by 4.3% during the 3rd quarter. Thrivent Financial for Lutherans now owns 13,475 shares of the company's stock valued at $1,507,000 after purchasing an additional 560 shares during the last quarter. Cerity Partners LLC increased its holdings in Veralto by 34.3% during the third quarter. Cerity Partners LLC now owns 66,482 shares of the company's stock worth $7,437,000 after buying an additional 16,977 shares during the last quarter. Larson Financial Group LLC raised its position in Veralto by 562.3% in the third quarter. Larson Financial Group LLC now owns 755 shares of the company's stock worth $84,000 after acquiring an additional 641 shares during the period. Centaurus Financial Inc. boosted its stake in Veralto by 15.5% in the third quarter. Centaurus Financial Inc. now owns 2,051 shares of the company's stock valued at $229,000 after acquiring an additional 276 shares during the last quarter. Finally, Brown Brothers Harriman & Co. grew its position in shares of Veralto by 2.6% during the 3rd quarter. Brown Brothers Harriman & Co. now owns 3,851 shares of the company's stock valued at $431,000 after acquiring an additional 99 shares during the period. 91.28% of the stock is owned by hedge funds and other institutional investors.

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Insider Activity at Veralto

In related news, SVP Melissa Aquino sold 463 shares of the firm's stock in a transaction on Tuesday, February 11th. The stock was sold at an average price of $99.60, for a total value of $46,114.80. Following the completion of the sale, the senior vice president now owns 20,761 shares of the company's stock, valued at $2,067,795.60. This trade represents a 2.18 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, SVP Surekha Trivedi sold 590 shares of the company's stock in a transaction on Tuesday, February 25th. The stock was sold at an average price of $100.35, for a total transaction of $59,206.50. Following the completion of the transaction, the senior vice president now owns 8,470 shares of the company's stock, valued at $849,964.50. This trade represents a 6.51 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 21,881 shares of company stock valued at $2,176,770. Insiders own 0.31% of the company's stock.

Analyst Upgrades and Downgrades

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

Veralto Price Performance

VLTO stock traded up $0.52 during mid-day trading on Tuesday, reaching $97.97. 170,094 shares of the company traded hands, compared to its average volume of 1,446,638. Veralto Co. has a 52-week low of $85.91 and a 52-week high of $115.00. The company has a market capitalization of $24.25 billion, a P/E ratio of 29.33, a P/E/G ratio of 4.24 and a beta of 1.11. The company has a debt-to-equity ratio of 1.27, a current ratio of 1.92 and a quick ratio of 1.69. The company has a fifty day moving average price of $99.37 and a 200-day moving average price of $103.85.

Veralto (NYSE:VLTO - Get Free Report) last posted its earnings results on Tuesday, February 4th. The company reported $0.95 EPS for the quarter, topping 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, analysts anticipate 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 paid 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 0.45%. Veralto's dividend payout ratio (DPR) is 13.17%.

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.