Generali Asset Management SPA SGR Invests $3.17 Million in Veralto Co. (NYSE:VLTO)

Generali Asset Management SPA SGR bought a new position in shares of Veralto Co. (NYSE:VLTO - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 31,144 shares of the company's stock, valued at approximately $3,172,000.

A number of other hedge funds have also added to or reduced their stakes in VLTO. Victory Capital Management Inc. increased its position in shares of Veralto by 5.2% during the 3rd quarter. Victory Capital Management Inc. now owns 100,884 shares of the company's stock worth $11,285,000 after purchasing an additional 5,030 shares during the last quarter. Oppenheimer & Co. Inc. increased its holdings in Veralto by 94.2% during the third quarter. Oppenheimer & Co. Inc. now owns 5,419 shares of the company's stock worth $606,000 after buying an additional 2,628 shares during the last quarter. Empowered Funds LLC raised its position in Veralto by 5.2% during the third quarter. Empowered Funds LLC now owns 3,478 shares of the company's stock worth $389,000 after acquiring an additional 172 shares in the last quarter. Thrivent Financial for Lutherans lifted its stake in Veralto by 4.3% in the third quarter. Thrivent Financial for Lutherans now owns 13,475 shares of the company's stock valued at $1,507,000 after acquiring an additional 560 shares during the last quarter. Finally, Pathstone Holdings LLC increased its stake in shares of Veralto by 0.9% during the 3rd quarter. Pathstone Holdings LLC now owns 57,499 shares of the company's stock worth $6,432,000 after purchasing an additional 531 shares during the last quarter. Institutional investors own 91.28% of the company's stock.

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Veralto Stock Performance

VLTO stock traded up $0.50 during trading hours on Monday, hitting $98.27. 1,093,968 shares of the stock were exchanged, compared to its average volume of 1,413,880. The company has a 50-day simple moving average of $99.98 and a two-hundred day simple moving average of $104.35. The firm has a market capitalization of $24.33 billion, a P/E ratio of 29.42, a P/E/G ratio of 4.24 and a beta of 1.11. Veralto Co. has a 12 month low of $85.91 and a 12 month high of $115.00. 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 (NYSE:VLTO - Get Free Report) last released its quarterly earnings results on Tuesday, February 4th. The company reported $0.95 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%. On average, analysts forecast that Veralto Co. will post 3.66 earnings per share for the current fiscal 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. This represents a $0.44 annualized dividend and a dividend yield of 0.45%. The ex-dividend date is Monday, March 31st. Veralto's dividend payout ratio (DPR) is currently 13.17%.

Insider Buying and Selling

In other Veralto news, CEO Jennifer Honeycutt sold 10,414 shares of the stock in a transaction dated Tuesday, February 25th. The shares were sold at an average price of $100.35, for a total transaction of $1,045,044.90. Following 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 ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, SVP Surekha Trivedi sold 590 shares of the business's stock in a transaction that occurred on Tuesday, February 25th. The shares were 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. The trade was a 6.51 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 11,467 shares of company stock valued at $1,150,366 over the last 90 days. 0.31% of the stock is owned by corporate insiders.

Analyst Ratings Changes

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

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.