Teacher Retirement System of Texas Has $63.99 Million Holdings in Veralto Co. (NYSE:VLTO)

Teacher Retirement System of Texas boosted its stake in Veralto Co. (NYSE:VLTO - Free Report) by 153.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 628,317 shares of the company's stock after acquiring an additional 380,699 shares during the period. Teacher Retirement System of Texas owned 0.25% of Veralto worth $63,994,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in VLTO. State Street Corp lifted 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 worth $1,074,654,000 after purchasing an additional 860,608 shares during the last quarter. Amundi lifted its position in shares of Veralto by 2.3% in the 4th 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 boosted its holdings in shares of Veralto by 10.5% in the 3rd quarter. Geode Capital Management LLC now owns 5,868,620 shares of the company's stock valued at $654,232,000 after buying an additional 558,393 shares during the period. Nordea Investment Management AB grew its position in shares of Veralto by 34.6% during the 4th quarter. Nordea Investment Management AB now owns 3,923,747 shares of the company's stock valued at $400,928,000 after buying an additional 1,009,170 shares during the last quarter. Finally, FMR LLC raised its stake in Veralto by 5.1% during the third quarter. FMR LLC now owns 3,329,717 shares of the company's stock worth $372,462,000 after acquiring an additional 162,347 shares during the period. 91.28% of the stock is currently owned by institutional investors.

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Analyst Ratings Changes

Several research firms have recently commented on VLTO. Citigroup lowered their target price on Veralto from $118.00 to $116.00 and set a "neutral" rating for the company in a report on Monday, January 13th. Royal Bank of Canada dropped their target price on Veralto from $111.00 to $110.00 and set a "sector perform" rating on the stock in a research report on Thursday, February 6th. Jefferies Financial Group initiated coverage on shares of Veralto in a report on Thursday, December 12th. They set a "buy" rating and a $125.00 price target for the company. Finally, Stifel Nicolaus dropped their price objective on shares of Veralto from $116.00 to $110.00 and set a "buy" rating on the stock in a report on Thursday, February 6th. Six investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $113.50.

Insiders Place Their Bets

In related news, CEO Jennifer Honeycutt sold 10,414 shares of Veralto stock in a transaction on Tuesday, February 25th. The shares were sold at an average price of $100.35, for a total value of $1,045,044.90. Following the completion of the sale, the chief executive officer now owns 104,496 shares of the company's stock, valued at approximately $10,486,173.60. The trade was a 9.06 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Surekha Trivedi sold 590 shares of the stock in a transaction on Tuesday, February 25th. The stock was sold at an average price of $100.35, for a total transaction of $59,206.50. Following the transaction, the senior vice president now directly owns 8,470 shares in the company, valued at $849,964.50. The trade was a 6.51 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 11,467 shares of company stock worth $1,150,366. Corporate insiders own 0.31% of the company's stock.

Veralto Price Performance

VLTO stock traded up $0.50 on Monday, hitting $98.27. 1,093,968 shares of the company's stock traded hands, compared to its average volume of 1,413,880. The stock has a market cap of $24.33 billion, a price-to-earnings ratio of 29.42, a P/E/G ratio of 4.24 and a beta of 1.11. 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 stock has a fifty day moving average of $99.98 and a 200-day moving average of $104.35. Veralto Co. has a 1-year low of $85.91 and a 1-year high of $115.00.

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

Veralto Announces Dividend

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 paid a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a yield of 0.45%. The ex-dividend date is Monday, March 31st. Veralto's dividend 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.