Rudius Management LP Has $251.05 Million Stake in Veralto Co. (NYSE:VLTO)

Rudius Management LP boosted its stake in Veralto Co. (NYSE:VLTO - Free Report) by 0.5% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 2,464,849 shares of the company's stock after buying an additional 11,720 shares during the quarter. Veralto makes up 58.4% of Rudius Management LP's investment portfolio, making the stock its largest holding. Rudius Management LP owned 1.00% of Veralto worth $251,045,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. boosted its stake in Veralto by 0.5% in the fourth quarter. Vanguard Group Inc. now owns 29,347,185 shares of the company's stock valued at $2,989,011,000 after acquiring an additional 146,234 shares during the last quarter. Amundi increased its position in Veralto by 2.3% in the fourth quarter. Amundi now owns 7,169,702 shares of the company's stock worth $731,084,000 after buying an additional 158,342 shares during the last quarter. Geode Capital Management LLC lifted its holdings in Veralto by 12.5% during the fourth quarter. Geode Capital Management LLC now owns 6,601,676 shares of the company's stock valued at $670,781,000 after purchasing an additional 733,056 shares during the last quarter. Pictet Asset Management Holding SA grew its stake in Veralto by 1.2% in the 4th quarter. Pictet Asset Management Holding SA now owns 4,764,889 shares of the company's stock valued at $485,304,000 after buying an additional 54,795 shares in the last quarter. Finally, Invesco Ltd. raised its stake in shares of Veralto by 9.7% during the 4th quarter. Invesco Ltd. now owns 4,541,367 shares of the company's stock valued at $462,538,000 after purchasing an additional 401,228 shares during the period. Hedge funds and other institutional investors own 91.28% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on VLTO shares. Citigroup lowered their target price on shares of Veralto from $116.00 to $100.00 and set a "neutral" rating on the stock in a research note on Monday, April 14th. Stifel Nicolaus decreased their price objective on Veralto from $110.00 to $102.00 and set a "buy" rating on the stock in a report on Wednesday. Finally, Royal Bank of Canada lowered 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 note on Thursday, February 6th. Six research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $111.10.

Insider Activity at Veralto

In other news, SVP Melissa Aquino sold 463 shares of the firm's 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 transaction, the senior vice president now directly owns 20,761 shares in the company, valued at $2,067,795.60. This trade represents a 2.18 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, SVP Surekha Trivedi sold 590 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 $59,206.50. Following the completion of the sale, the senior vice president now directly owns 8,470 shares of the company's stock, valued at $849,964.50. The trade was a 6.51 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 22,471 shares of company stock valued at $2,234,030. 0.36% of the stock is owned by corporate insiders.

Veralto Stock Up 0.3 %

NYSE:VLTO traded up $0.26 during trading hours on Friday, reaching $89.59. 1,691,548 shares of the company traded hands, compared to its average volume of 1,488,770. The company has a current ratio of 1.92, a quick ratio of 1.69 and a debt-to-equity ratio of 1.27. The business's 50-day moving average price is $95.86 and its two-hundred day moving average price is $101.74. Veralto Co. has a 1 year low of $83.87 and a 1 year high of $115.00. The stock has a market capitalization of $22.22 billion, a P/E ratio of 26.82, a P/E/G ratio of 4.24 and a beta of 0.97.

Veralto (NYSE:VLTO - Get Free Report) last announced its quarterly 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 net margin of 16.04% and a return on equity of 49.29%. Analysts predict that Veralto Co. will post 3.66 earnings per share for the current year.

Veralto Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Monday, March 31st will be issued a $0.11 dividend. The ex-dividend date of this dividend is Monday, March 31st. This represents a $0.44 dividend on an annualized basis and a yield of 0.49%. Veralto's payout ratio is currently 13.17%.

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.