Capital International Ltd. CA Has $1.20 Million Stock Holdings in Veralto Co. (NYSE:VLTO)

Capital International Ltd. CA increased its holdings in shares of Veralto Co. (NYSE:VLTO - Free Report) by 54.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,802 shares of the company's stock after purchasing an additional 4,166 shares during the period. Capital International Ltd. CA's holdings in Veralto were worth $1,202,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Vanguard Group Inc. lifted its stake in Veralto by 0.5% in the fourth quarter. Vanguard Group Inc. now owns 29,347,185 shares of the company's stock valued at $2,989,011,000 after buying an additional 146,234 shares in the last quarter. Amundi raised its holdings in shares of Veralto by 2.3% during the fourth quarter. Amundi now owns 7,169,702 shares of the company's stock worth $731,084,000 after acquiring an additional 158,342 shares during the period. Geode Capital Management LLC lifted its position 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 acquiring an additional 733,056 shares in the last quarter. Pictet Asset Management Holding SA boosted its stake 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 worth $485,304,000 after purchasing an additional 54,795 shares during the period. Finally, Invesco Ltd. increased its holdings in Veralto by 9.7% during the 4th quarter. Invesco Ltd. now owns 4,541,367 shares of the company's stock worth $462,538,000 after purchasing an additional 401,228 shares in the last quarter. Institutional investors own 91.28% of the company's stock.

Insider Buying and Selling at Veralto

In other Veralto news, SVP Surekha Trivedi sold 590 shares of the company's stock in a transaction on Tuesday, April 1st. The stock was sold at an average price of $97.05, for a total value of $57,259.50. Following the transaction, the senior vice president now directly owns 10,011 shares of the company's stock, valued at $971,567.55. This represents a 5.57 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO Jennifer Honeycutt sold 10,414 shares of Veralto 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 sale, the chief executive officer now directly owns 104,496 shares of the company's stock, 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 have sold a total of 22,471 shares of company stock valued at $2,234,030 in the last three months. 0.36% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

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

Veralto Stock Performance

NYSE:VLTO traded up $1.26 on Thursday, hitting $91.81. The company's stock had a trading volume of 362,992 shares, compared to its average volume of 1,501,764. The company has a current ratio of 1.92, a quick ratio of 1.69 and a debt-to-equity ratio of 1.27. Veralto Co. has a one year low of $83.86 and a one year high of $115.00. The stock has a fifty day moving average of $95.24 and a two-hundred day moving average of $101.34. The firm has a market capitalization of $22.77 billion, a P/E ratio of 27.49, a price-to-earnings-growth ratio of 4.24 and a beta of 0.97.

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

Veralto Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Investors 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 yield of 0.48%. Veralto's dividend payout ratio (DPR) is currently 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.