PGGM Investments Has $5.66 Million Holdings in Veralto Co. (NYSE:VLTO)

PGGM Investments grew its stake in shares of Veralto Co. (NYSE:VLTO - Free Report) by 112.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 55,591 shares of the company's stock after purchasing an additional 29,397 shares during the period. PGGM Investments' holdings in Veralto were worth $5,662,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the stock. Skandinaviska Enskilda Banken AB publ lifted its stake in Veralto by 72.2% in the 4th quarter. Skandinaviska Enskilda Banken AB publ now owns 103,280 shares of the company's stock worth $10,536,000 after acquiring an additional 43,313 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. increased its holdings in shares of Veralto by 4.1% during the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 2,967 shares of the company's stock valued at $302,000 after acquiring an additional 117 shares during the last quarter. Jupiter Asset Management Ltd. increased its holdings in shares of Veralto by 16.4% during the 4th quarter. Jupiter Asset Management Ltd. now owns 299,990 shares of the company's stock valued at $30,554,000 after acquiring an additional 42,305 shares during the last quarter. Farther Finance Advisors LLC increased its holdings in shares of Veralto by 10.7% during the 4th quarter. Farther Finance Advisors LLC now owns 2,605 shares of the company's stock valued at $265,000 after acquiring an additional 252 shares during the last quarter. Finally, EverSource Wealth Advisors LLC increased its holdings in shares of Veralto by 25.3% during the 4th quarter. EverSource Wealth Advisors LLC now owns 1,054 shares of the company's stock valued at $107,000 after acquiring an additional 213 shares during the last quarter. 91.28% of the stock is owned by hedge funds and other institutional investors.

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Analyst Ratings Changes

VLTO has been the topic of a number of analyst reports. Jefferies Financial Group began coverage on Veralto in a report on Thursday, December 12th. They set a "buy" rating and a $125.00 price objective on the stock. Royal Bank of Canada lowered their target price on Veralto from $111.00 to $110.00 and set a "sector perform" rating on the stock in a report on Thursday, February 6th. Citigroup lowered their target price on Veralto from $118.00 to $116.00 and set a "neutral" rating on the stock in a report on Monday, January 13th. Finally, Stifel Nicolaus lowered their target price on Veralto from $116.00 to $110.00 and set a "buy" rating on the stock in a report on Thursday, February 6th. Six research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and an average target price of $113.50.

Insider Buying and Selling at Veralto

In other Veralto news, 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 completion of the transaction, the chief executive officer now owns 104,496 shares in the company, valued at approximately $10,486,173.60. The trade was a 9.06 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, SVP Melissa Aquino sold 463 shares of Veralto stock in a transaction on Tuesday, February 11th. The shares were 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 directly owns 20,761 shares of the company's stock, valued at $2,067,795.60. This trade represents a 2.18 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 11,467 shares of company stock worth $1,150,366. 0.31% of the stock is currently owned by insiders.

Veralto Price Performance

Shares of Veralto stock traded up $0.02 during midday trading on Tuesday, hitting $98.47. 1,315,759 shares of the company were exchanged, compared to its average volume of 1,474,876. 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 $24.38 billion, a P/E ratio of 29.48, a PEG ratio of 4.24 and a beta of 1.11. Veralto Co. has a 52 week low of $85.91 and a 52 week high of $115.00. The firm has a 50 day simple moving average of $100.22 and a 200-day simple moving average of $104.72.

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

Veralto Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Monday, March 31st will be given a $0.11 dividend. The ex-dividend date of this dividend is Monday, March 31st. This represents a $0.44 annualized dividend and a yield of 0.45%. Veralto's payout ratio 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.