Veralto Co. (NYSE:VLTO) Shares Acquired by Mirova

Mirova increased its stake in Veralto Co. (NYSE:VLTO - Free Report) by 458.3% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 21,945 shares of the company's stock after acquiring an additional 18,014 shares during the period. Mirova's holdings in Veralto were worth $2,235,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the stock. MML Investors Services LLC boosted its holdings in shares of Veralto by 4.9% in the 4th quarter. MML Investors Services LLC now owns 53,529 shares of the company's stock valued at $5,452,000 after purchasing an additional 2,488 shares during the last quarter. MetLife Investment Management LLC boosted its holdings in Veralto by 1.5% in the fourth quarter. MetLife Investment Management LLC now owns 70,345 shares of the company's stock valued at $7,165,000 after acquiring an additional 1,039 shares during the last quarter. Norinchukin Bank The grew its position in Veralto by 7.3% during the fourth quarter. Norinchukin Bank The now owns 10,663 shares of the company's stock valued at $1,086,000 after acquiring an additional 723 shares during the period. Ossiam raised its holdings in shares of Veralto by 13.3% in the 4th quarter. Ossiam now owns 11,751 shares of the company's stock worth $1,197,000 after purchasing an additional 1,382 shares during the period. Finally, Capital International Inc. CA lifted its stake in shares of Veralto by 32.5% in the 4th quarter. Capital International Inc. CA now owns 34,442 shares of the company's stock valued at $3,508,000 after purchasing an additional 8,451 shares in the last quarter. 91.28% of the stock is currently owned by hedge funds and other institutional investors.

Veralto Stock Up 1.3 %

Veralto stock traded up $1.17 during midday trading on Thursday, hitting $91.72. 1,455,626 shares of the stock were exchanged, compared to its average volume of 1,483,394. Veralto Co. has a 1 year low of $83.87 and a 1 year high of $115.00. The company has a debt-to-equity ratio of 1.27, a current ratio of 1.92 and a quick ratio of 1.69. The firm has a market cap of $22.75 billion, a P/E ratio of 27.46, a P/E/G ratio of 4.24 and a beta of 0.97. The company has a 50 day moving average price of $95.24 and a two-hundred day moving average price 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 return on equity of 49.29% and a net margin of 16.04%. On average, sell-side analysts predict that Veralto Co. will post 3.66 earnings per share for the current fiscal year.

Veralto Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Monday, March 31st will be paid a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a dividend yield of 0.48%. The ex-dividend date is Monday, March 31st. Veralto's dividend payout ratio (DPR) is currently 13.17%.

Analysts Set New Price Targets

VLTO has been the subject of a number of research analyst reports. Citigroup dropped their target price on shares of 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 dropped their price objective on shares of Veralto from $111.00 to $110.00 and set a "sector perform" rating for the company in a research report on Thursday, February 6th. Finally, 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 report on Wednesday, April 16th. Six research analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $111.10.

Insider Transactions at Veralto

In other news, SVP Surekha Trivedi sold 590 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 $59,206.50. Following the transaction, the senior vice president now owns 8,470 shares of the company's stock, valued at approximately $849,964.50. This trade represents a 6.51 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Jennifer Honeycutt sold 10,414 shares of Veralto stock in a transaction dated 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 completion of the transaction, the chief executive officer now owns 104,496 shares of the company's stock, valued at $10,486,173.60. This trade represents a 9.06 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 22,471 shares of company stock valued at $2,234,030. 0.36% of the stock is currently owned by corporate insiders.

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.