Treasurer of the State of North Carolina Has $11.28 Million Stake in Veralto Co. (NYSE:VLTO)

Treasurer of the State of North Carolina increased its holdings in shares of Veralto Co. (NYSE:VLTO - Free Report) by 2.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 110,781 shares of the company's stock after buying an additional 2,850 shares during the quarter. Treasurer of the State of North Carolina's holdings in Veralto were worth $11,283,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Norges Bank purchased a new position in Veralto in the fourth quarter valued at about $289,028,000. Nordea Investment Management AB boosted its stake 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. Principal Financial Group Inc. grew its position 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 worth $125,608,000 after buying an additional 757,389 shares in the last quarter. Geode Capital Management LLC increased its stake in shares of Veralto by 12.5% in the fourth quarter. Geode Capital Management LLC now owns 6,601,676 shares of the company's stock worth $670,781,000 after buying an additional 733,056 shares during the last quarter. Finally, Raymond James Financial Inc. acquired a new stake in Veralto in the fourth quarter valued at $51,986,000. Hedge funds and other institutional investors own 91.28% of the company's stock.

Veralto Stock Performance

NYSE VLTO traded up $0.26 during trading hours on Friday, hitting $89.59. The company had a trading volume of 1,691,548 shares, compared to its average volume of 1,507,086. The business has a fifty day simple moving average of $96.07 and a 200-day simple moving average of $101.95. The firm has a market cap of $22.22 billion, a P/E ratio of 26.82, a price-to-earnings-growth ratio of 4.24 and a beta of 0.97. The company has a quick ratio of 1.69, a current ratio of 1.92 and a debt-to-equity ratio of 1.27. Veralto Co. has a fifty-two week low of $83.87 and a fifty-two week high of $115.00.

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 net margin of 16.04% and a return on equity of 49.29%. Equities analysts predict that Veralto Co. will post 3.66 EPS for the current year.

Veralto Announces Dividend

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

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on VLTO shares. Citigroup dropped their target price on shares of Veralto from $116.00 to $100.00 and set a "neutral" rating for the company in a research report on Monday. Stifel Nicolaus cut their price objective on Veralto from $110.00 to $102.00 and set a "buy" rating on the stock in a research note on Wednesday. Finally, Royal Bank of Canada decreased their target price on Veralto from $111.00 to $110.00 and set a "sector perform" rating for the company in a research report on Thursday, February 6th. Six equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $111.10.

Insider Buying and Selling

In related news, SVP Melissa Aquino sold 463 shares of the firm'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 transaction of $46,114.80. Following the completion of the sale, the senior vice president now directly owns 20,761 shares in the company, valued at approximately $2,067,795.60. This trade represents a 2.18 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, SVP Surekha Trivedi sold 590 shares of Veralto stock in a transaction that occurred on Tuesday, April 1st. The stock was sold at an average price of $97.05, for a total transaction of $57,259.50. Following the completion of the transaction, the senior vice president now owns 10,011 shares in the company, valued at approximately $971,567.55. This trade represents a 5.57 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 22,471 shares of company stock valued at $2,234,030 over the last quarter. Corporate insiders own 0.36% of the company's stock.

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.