Canada Pension Plan Investment Board Has $44.05 Million Stock Holdings in Veralto Co. (NYSE:VLTO)

Canada Pension Plan Investment Board boosted its stake in Veralto Co. (NYSE:VLTO - Free Report) by 14.5% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 432,469 shares of the company's stock after buying an additional 54,888 shares during the quarter. Canada Pension Plan Investment Board owned approximately 0.17% of Veralto worth $44,047,000 as of its most recent filing with the SEC.

Several other institutional investors also recently bought and sold shares of VLTO. Vanguard Group Inc. increased its holdings in shares of Veralto by 0.5% during the 4th quarter. Vanguard Group Inc. now owns 29,347,185 shares of the company's stock worth $2,989,011,000 after buying an additional 146,234 shares during the last quarter. Amundi increased its holdings in Veralto by 2.3% in the 4th quarter. Amundi now owns 7,169,702 shares of the company's stock valued at $731,084,000 after purchasing an additional 158,342 shares in the last quarter. Geode Capital Management LLC increased its holdings in Veralto by 12.5% in the 4th quarter. Geode Capital Management LLC now owns 6,601,676 shares of the company's stock valued at $670,781,000 after purchasing an additional 733,056 shares in the last quarter. Pictet Asset Management Holding SA increased its holdings in Veralto by 1.2% in the 4th quarter. Pictet Asset Management Holding SA now owns 4,764,889 shares of the company's stock valued at $485,304,000 after purchasing an additional 54,795 shares in the last quarter. Finally, Invesco Ltd. increased its holdings in Veralto by 9.7% in the 4th quarter. Invesco Ltd. now owns 4,541,367 shares of the company's stock valued at $462,538,000 after purchasing an additional 401,228 shares in the last quarter. 91.28% of the stock is currently owned by institutional investors and hedge funds.

Veralto Stock Performance

Shares of NYSE:VLTO traded up $1.04 during trading on Thursday, reaching $91.59. The stock had a trading volume of 307,537 shares, compared to its average volume of 1,501,166. Veralto Co. has a 52 week low of $83.86 and a 52 week high of $115.00. The firm has a market capitalization of $22.72 billion, a price-to-earnings ratio of 27.42, a P/E/G ratio of 4.24 and a beta of 0.97. The company has a quick ratio of 1.69, a current ratio of 1.92 and a debt-to-equity ratio of 1.27. The stock has a fifty day simple moving average of $95.24 and a two-hundred day simple moving average of $101.34.

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

Veralto Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Monday, March 31st will be issued a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a yield of 0.48%. The ex-dividend date is Monday, March 31st. Veralto's payout ratio is 13.17%.

Insider Buying and Selling at Veralto

In other news, CEO Jennifer Honeycutt sold 10,414 shares of the company's stock in a transaction dated Tuesday, February 25th. The shares were sold at an average price of $100.35, for a total value of $1,045,044.90. Following the sale, the chief executive officer now owns 104,496 shares of the company's stock, valued at approximately $10,486,173.60. This represents a 9.06 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Surekha Trivedi sold 590 shares of Veralto stock in a transaction dated Tuesday, February 25th. The shares were sold at an average price of $100.35, for a total transaction of $59,206.50. Following the transaction, the senior vice president now directly owns 8,470 shares of the company's stock, valued at $849,964.50. This represents a 6.51 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 22,471 shares of company stock valued at $2,234,030. 0.36% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the stock. Stifel Nicolaus decreased their price objective on shares of Veralto from $110.00 to $102.00 and set a "buy" rating for the company in a research report on Wednesday, April 16th. Royal Bank of Canada reduced their price target on shares of Veralto from $111.00 to $110.00 and set a "sector perform" rating on the stock in a research report on Thursday, February 6th. Finally, Citigroup reduced their price target on shares of Veralto from $116.00 to $100.00 and set a "neutral" rating on the stock in a research report on Monday, April 14th. Six investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, Veralto currently has an average rating of "Hold" and a consensus 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.