Mirae Asset Global Investments Co. Ltd. Raises Holdings in Veralto Co. (NYSE:VLTO)

Mirae Asset Global Investments Co. Ltd. increased its position in Veralto Co. (NYSE:VLTO - Free Report) by 25.2% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 29,311 shares of the company's stock after acquiring an additional 5,909 shares during the quarter. Mirae Asset Global Investments Co. Ltd.'s holdings in Veralto were worth $3,014,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. Mather Group LLC. raised its stake in shares of Veralto by 55.8% during the third quarter. Mather Group LLC. now owns 888 shares of the company's stock worth $99,000 after acquiring an additional 318 shares in the last quarter. Brookstone Capital Management boosted its holdings in shares of Veralto by 8.9% during the 3rd quarter. Brookstone Capital Management now owns 3,240 shares of the company's stock valued at $362,000 after buying an additional 266 shares in the last quarter. CWM LLC boosted its holdings in shares of Veralto by 5.9% during the 3rd quarter. CWM LLC now owns 6,138 shares of the company's stock valued at $687,000 after buying an additional 343 shares in the last quarter. Livforsakringsbolaget Skandia Omsesidigt boosted its holdings in shares of Veralto by 524.7% during the 3rd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 2,024 shares of the company's stock valued at $227,000 after buying an additional 1,700 shares in the last quarter. Finally, CHICAGO TRUST Co NA bought a new stake in shares of Veralto during the 3rd quarter valued at $204,000. 91.28% of the stock is currently owned by institutional investors.

Insider Transactions at Veralto

In other Veralto news, SVP Melissa Aquino sold 463 shares of the 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 in the company, valued at approximately $2,067,795.60. This represents a 2.18 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.31% of the stock is currently owned by company insiders.

Veralto Stock Performance

Shares of NYSE VLTO traded down $0.29 during midday trading on Thursday, hitting $99.77. 1,576,387 shares of the stock traded hands, compared to its average volume of 1,442,637. The firm has a 50-day moving average of $102.48 and a two-hundred day moving average of $106.26. The firm has a market capitalization of $24.67 billion, a P/E ratio of 29.87, a PEG ratio of 4.21 and a beta of 1.06. The company has a debt-to-equity ratio of 1.27, a quick ratio of 1.87 and a current ratio of 1.92. Veralto Co. has a one year low of $82.90 and a one year high of $115.00.

Veralto (NYSE:VLTO - Get Free Report) last released its quarterly earnings results on Tuesday, February 4th. The company reported $0.95 earnings per share for the quarter, beating 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%. On average, equities analysts forecast that Veralto Co. will post 3.63 EPS for the current fiscal year.

Veralto Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 31st. Stockholders of record on Tuesday, December 31st were paid a $0.11 dividend. This represents a $0.44 annualized dividend and a dividend yield of 0.44%. This is a positive change from Veralto's previous quarterly dividend of $0.09. The ex-dividend date was Tuesday, December 31st. Veralto's dividend payout ratio is 13.17%.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the company. Royal Bank of Canada lowered their price target on Veralto from $111.00 to $110.00 and set a "sector perform" rating for the company in a research report on Thursday, February 6th. Stifel Nicolaus lowered their price target on Veralto from $116.00 to $110.00 and set a "buy" rating for the company in a research report on Thursday, February 6th. Citigroup lowered their price target on Veralto from $118.00 to $116.00 and set a "neutral" rating for the company in a research report on Monday, January 13th. Finally, Jefferies Financial Group assumed coverage on Veralto in a research report on Thursday, December 12th. They issued a "buy" rating and a $125.00 price target for the company. Six analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $112.55.

Veralto 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.