Canada Post Corp Registered Pension Plan Takes Position in Veralto Co. (NYSE:VLTO)

Canada Post Corp Registered Pension Plan bought a new stake in shares of Veralto Co. (NYSE:VLTO - Free Report) during the 4th quarter, according to its most recent filing with the SEC. The fund bought 3,892 shares of the company's stock, valued at approximately $396,000.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Bernard Wealth Management Corp. acquired a new stake in shares of Veralto during the 4th quarter worth about $25,000. OFI Invest Asset Management bought a new position in shares of Veralto in the fourth quarter valued at approximately $26,000. BankPlus Trust Department acquired a new position in shares of Veralto in the 4th quarter worth approximately $29,000. Albion Financial Group UT grew its position in Veralto by 2,100.0% during the 4th quarter. Albion Financial Group UT now owns 352 shares of the company's stock worth $36,000 after acquiring an additional 336 shares during the last quarter. Finally, Geneos Wealth Management Inc. bought a new position in Veralto in the 4th quarter valued at $42,000. Institutional investors own 91.28% of the company's stock.

Insider Activity at Veralto

In related news, SVP Surekha Trivedi sold 590 shares of the company's stock in a transaction on Tuesday, April 1st. The shares were sold at an average price of $97.05, for a total value of $57,259.50. Following the completion of the transaction, the senior vice president now directly owns 10,011 shares of the company's stock, valued at approximately $971,567.55. This represents a 5.57 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Jennifer Honeycutt sold 10,414 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 value of $1,045,044.90. Following the completion of the sale, the chief executive officer now directly owns 104,496 shares in the company, valued at $10,486,173.60. This represents a 9.06 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 22,471 shares of company stock worth $2,234,030 in the last quarter. Corporate insiders own 0.36% of the company's stock.

Analyst Ratings Changes

A number of research analysts recently issued reports on the company. Royal Bank of Canada cut their price target on Veralto from $111.00 to $110.00 and set a "sector perform" rating for the company in a report on Thursday, February 6th. Stifel Nicolaus reduced their target price on shares of Veralto from $110.00 to $102.00 and set a "buy" rating on the stock in a research report on Wednesday, April 16th. Finally, Citigroup lowered their price target on shares of Veralto from $116.00 to $100.00 and set a "neutral" rating for the company in a report on Monday, April 14th. Six equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, Veralto presently has an average rating of "Hold" and an average target price of $111.10.

Veralto Trading Down 1.8 %

Shares of Veralto stock traded down $1.58 during trading on Monday, reaching $87.96. 91,864 shares of the company were exchanged, compared to its average volume of 1,483,262. Veralto Co. has a twelve month low of $83.87 and a twelve month high of $115.00. The business has a 50-day moving average price of $95.86 and a 200-day moving average price of $101.68. 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 firm has a market capitalization of $21.82 billion, a price-to-earnings ratio of 26.33, a P/E/G ratio of 4.24 and a beta of 0.97.

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

Veralto Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Monday, March 31st will be issued a $0.11 dividend. This represents a $0.44 annualized dividend and a dividend yield of 0.50%. The ex-dividend date of this dividend is Monday, March 31st. 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.