Veralto Co. (NYSE:VLTO) Shares Purchased by Skandinaviska Enskilda Banken AB publ

Skandinaviska Enskilda Banken AB publ increased its holdings in shares of Veralto Co. (NYSE:VLTO - Free Report) by 72.2% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 103,280 shares of the company's stock after acquiring an additional 43,313 shares during the period. Skandinaviska Enskilda Banken AB publ's holdings in Veralto were worth $10,536,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of VLTO. Los Angeles Capital Management LLC lifted its stake in shares of Veralto by 24.8% during the 3rd quarter. Los Angeles Capital Management LLC now owns 6,787 shares of the company's stock worth $759,000 after acquiring an additional 1,350 shares during the last quarter. Ashton Thomas Securities LLC purchased a new position in Veralto during the 3rd quarter worth $25,000. Apollon Wealth Management LLC increased its holdings in Veralto by 15.3% during the 3rd quarter. Apollon Wealth Management LLC now owns 7,479 shares of the company's stock worth $837,000 after purchasing an additional 995 shares during the period. Sumitomo Mitsui Trust Group Inc. increased its holdings in Veralto by 3.5% during the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 613,625 shares of the company's stock worth $68,640,000 after purchasing an additional 20,532 shares during the period. Finally, Aptus Capital Advisors LLC purchased a new position in Veralto during the 3rd quarter worth $232,000. 91.28% of the stock is owned by institutional investors.

Insider Activity

In other news, SVP Surekha Trivedi sold 590 shares of the company's stock in a transaction that occurred 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 in the company, valued at $849,964.50. This represents a 6.51 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP Melissa Aquino sold 463 shares of the company's stock in a transaction that occurred 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 transaction, the senior vice president now owns 20,761 shares in the company, valued at $2,067,795.60. This represents a 2.18 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 11,467 shares of company stock worth $1,150,366 over the last ninety days. Corporate insiders own 0.31% of the company's stock.

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Analyst Ratings Changes

Several research firms have commented on VLTO. 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. Stifel Nicolaus cut their price target on Veralto from $116.00 to $110.00 and set a "buy" rating on the stock in a report on Thursday, February 6th. Royal Bank of Canada cut their price target on Veralto from $111.00 to $110.00 and set a "sector perform" rating on the stock in a report on Thursday, February 6th. Finally, Citigroup cut their price target on Veralto from $118.00 to $116.00 and set a "neutral" rating on the stock in a report on Monday, January 13th. Six analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $113.50.

Veralto Price Performance

Shares of Veralto stock traded up $0.93 on Wednesday, hitting $99.29. The company's stock had a trading volume of 1,004,997 shares, compared to its average volume of 1,465,838. The company has a debt-to-equity ratio of 1.27, a quick ratio of 1.69 and a current ratio of 1.92. Veralto Co. has a 1 year low of $85.91 and a 1 year high of $115.00. The firm has a fifty day moving average price of $100.16 and a 200-day moving average price of $104.62. The company has a market capitalization of $24.58 billion, a price-to-earnings ratio of 29.73, a price-to-earnings-growth ratio of 4.24 and a beta of 1.11.

Veralto (NYSE:VLTO - Get Free Report) last posted its quarterly earnings data 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%. As a group, sell-side analysts anticipate that Veralto Co. will post 3.66 earnings per share for the current fiscal year.

Veralto Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders 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 dividend on an annualized basis and a dividend yield of 0.44%. Veralto's dividend payout ratio (DPR) is presently 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.