Robeco Institutional Asset Management B.V. Has $59 Million Stock Position in Veralto Co. (NYSE:VLTO)

Robeco Institutional Asset Management B.V. increased its position in Veralto Co. (NYSE:VLTO - Free Report) by 628.4% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 579,261 shares of the company's stock after acquiring an additional 499,735 shares during the period. Robeco Institutional Asset Management B.V. owned approximately 0.23% of Veralto worth $58,998,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Nordea Investment Management AB boosted its holdings in shares of Veralto by 34.6% during the fourth quarter. Nordea Investment Management AB now owns 3,923,747 shares of the company's stock worth $400,928,000 after purchasing an additional 1,009,170 shares during the last quarter. State Street Corp raised its stake in Veralto by 9.8% during the third quarter. State Street Corp now owns 9,599,499 shares of the company's stock valued at $1,074,654,000 after buying an additional 860,608 shares in the last quarter. Principal Financial Group Inc. grew its holdings in shares of Veralto by 207.2% during the third quarter. Principal Financial Group Inc. now owns 1,122,898 shares of the company's stock valued at $125,608,000 after purchasing an additional 757,389 shares during the last quarter. Geode Capital Management LLC grew its position in shares of Veralto by 10.5% during the third quarter. Geode Capital Management LLC now owns 5,868,620 shares of the company's stock worth $654,232,000 after acquiring an additional 558,393 shares during the last quarter. Finally, Jacobs Levy Equity Management Inc. raised its stake in Veralto by 29.0% during the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 1,864,038 shares of the company's stock valued at $208,511,000 after acquiring an additional 418,588 shares in the last quarter. 91.28% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the stock. Citigroup lowered their price objective on shares of Veralto from $118.00 to $116.00 and set a "neutral" rating on the stock in a research note on Monday, January 13th. Jefferies Financial Group initiated coverage on shares of Veralto in a research report on Thursday, December 12th. They set a "buy" rating and a $125.00 target price for the company. Royal Bank of Canada increased their price objective on shares of Veralto from $108.00 to $111.00 and gave the company a "sector perform" rating in a research note on Friday, October 25th. Finally, Stifel Nicolaus lowered their price objective on shares of Veralto from $117.00 to $116.00 and set a "buy" rating for the company in a research report on Friday, January 24th. Six analysts have rated the stock with a hold rating and five have given 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 $113.18.

Veralto Price Performance

Shares of Veralto stock traded up $1.03 on Thursday, reaching $103.88. 881,455 shares of the stock were exchanged, compared to its average volume of 1,316,745. The firm's 50 day moving average is $103.92 and its 200-day moving average is $106.22. The company has a debt-to-equity ratio of 1.35, a quick ratio of 1.87 and a current ratio of 2.13. Veralto Co. has a one year low of $75.05 and a one year high of $115.00. The firm has a market cap of $25.69 billion, a PE ratio of 32.06, a P/E/G ratio of 4.31 and a beta of 1.06.

Veralto Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Tuesday, December 31st will be paid a $0.11 dividend. This is an increase from Veralto's previous quarterly dividend of $0.09. This represents a $0.44 dividend on an annualized basis and a dividend yield of 0.42%. The ex-dividend date is Tuesday, December 31st. Veralto's dividend payout ratio (DPR) is presently 13.58%.

Insider Buying and Selling

In related news, SVP Surekha Trivedi sold 752 shares of the business's stock in a transaction on Friday, November 1st. The shares were sold at an average price of $102.91, for a total value of $77,388.32. Following the sale, the senior vice president now owns 10,413 shares of the company's stock, valued at $1,071,601.83. The trade was a 6.74 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 0.31% of the stock is 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.