Tredje AP fonden Has $3.37 Million Position in Veralto Co. (NYSE:VLTO)

Tredje AP fonden trimmed its position in shares of Veralto Co. (NYSE:VLTO - Free Report) by 35.7% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 33,060 shares of the company's stock after selling 18,394 shares during the quarter. Tredje AP fonden's holdings in Veralto were worth $3,367,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of VLTO. State Street Corp boosted its holdings in Veralto by 9.8% in the third quarter. State Street Corp now owns 9,599,499 shares of the company's stock valued at $1,074,654,000 after purchasing an additional 860,608 shares during the period. Amundi boosted its position in shares of Veralto by 2.3% during the 4th quarter. Amundi now owns 7,169,702 shares of the company's stock worth $731,084,000 after acquiring an additional 158,342 shares in the last quarter. Geode Capital Management LLC increased its stake in Veralto by 10.5% in the third quarter. Geode Capital Management LLC now owns 5,868,620 shares of the company's stock valued at $654,232,000 after purchasing an additional 558,393 shares during the last quarter. Nordea Investment Management AB lifted 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 worth $400,928,000 after buying an additional 1,009,170 shares during the last quarter. Finally, FMR LLC boosted its holdings in shares of Veralto by 5.1% in the 3rd quarter. FMR LLC now owns 3,329,717 shares of the company's stock valued at $372,462,000 after buying an additional 162,347 shares in the last quarter. 91.28% of the stock is owned by institutional investors and hedge funds.

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Wall Street Analysts Forecast Growth

VLTO has been the subject of a number of research reports. Citigroup reduced their price target on shares of Veralto from $118.00 to $116.00 and set a "neutral" rating for the company in a research report on Monday, January 13th. Jefferies Financial Group initiated coverage on Veralto in a report on Thursday, December 12th. They issued a "buy" rating and a $125.00 price objective for the company. Stifel Nicolaus reduced their target price on shares of Veralto from $116.00 to $110.00 and set a "buy" rating for the company in a report on Thursday, February 6th. Finally, Royal Bank of Canada dropped their price target 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. Six analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to data from MarketBeat.com, Veralto has an average rating of "Hold" and a consensus price target of $113.50.

Insider Transactions at Veralto

In other Veralto news, CEO Jennifer Honeycutt sold 10,414 shares of the firm's stock in a transaction that occurred 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 sale, the chief executive officer now owns 104,496 shares in the company, valued at approximately $10,486,173.60. This trade represents a 9.06 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Melissa Aquino sold 463 shares of the business's stock in a transaction that occurred 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 owns 20,761 shares of the company's stock, valued at approximately $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. In the last 90 days, insiders sold 11,467 shares of company stock valued at $1,150,366. Insiders own 0.31% of the company's stock.

Veralto Trading Up 0.0 %

Shares of NYSE VLTO traded up $0.02 during trading on Tuesday, hitting $98.47. 1,315,759 shares of the company traded hands, compared to its average volume of 1,424,263. The company has a quick ratio of 1.69, a current ratio of 1.92 and a debt-to-equity ratio of 1.27. The firm has a market capitalization of $24.38 billion, a P/E ratio of 29.48, a P/E/G ratio of 4.24 and a beta of 1.11. The company has a 50-day moving average price of $100.22 and a 200-day moving average price of $104.72. 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 data on Tuesday, February 4th. The company reported $0.95 earnings per share (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%. On average, equities analysts predict that Veralto Co. will post 3.66 EPS for the current 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 dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a dividend yield of 0.45%. The ex-dividend date is Monday, March 31st. 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.