UniSuper Management Pty Ltd Increases Stock Holdings in Veralto Co. (NYSE:VLTO)

UniSuper Management Pty Ltd grew its stake in shares of Veralto Co. (NYSE:VLTO - Free Report) by 26.8% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 26,175 shares of the company's stock after acquiring an additional 5,529 shares during the period. UniSuper Management Pty Ltd's holdings in Veralto were worth $2,666,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the stock. OFI Invest Asset Management bought a new stake in Veralto in the 4th quarter valued at about $26,000. BankPlus Trust Department purchased a new position in shares of Veralto in the fourth quarter worth about $29,000. Albion Financial Group UT raised its position in shares of Veralto by 2,100.0% in the fourth quarter. Albion Financial Group UT now owns 352 shares of the company's stock valued at $36,000 after purchasing an additional 336 shares during the period. Geneos Wealth Management Inc. purchased a new stake in shares of Veralto during the 4th quarter valued at approximately $42,000. Finally, Raleigh Capital Management Inc. boosted its holdings in Veralto by 35.3% in the 4th quarter. Raleigh Capital Management Inc. now owns 418 shares of the company's stock worth $43,000 after buying an additional 109 shares during the period. Hedge funds and other institutional investors own 91.28% of the company's stock.

Insider Activity at Veralto

In other news, SVP Melissa Aquino sold 463 shares of the stock in a transaction that occurred on Tuesday, February 11th. The stock was 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 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 transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, SVP Surekha Trivedi sold 590 shares of the firm'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 transaction of $59,206.50. Following the completion of the transaction, the senior vice president now owns 8,470 shares in the company, valued at $849,964.50. This represents a 6.51 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 22,471 shares of company stock valued at $2,234,030. Insiders own 0.31% of the company's stock.

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Veralto Price Performance

VLTO traded down $3.18 on Thursday, reaching $95.50. The company had a trading volume of 251,550 shares, compared to its average volume of 1,436,189. 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 52-week low of $86.04 and a 52-week high of $115.00. The company has a market cap of $23.69 billion, a price-to-earnings ratio of 28.59, a P/E/G ratio of 4.24 and a beta of 0.97. The business has a 50 day simple moving average of $99.18 and a 200 day simple moving average of $103.73.

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

Veralto Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Monday, March 31st will be paid 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 0.46%. Veralto's dividend payout ratio (DPR) is 13.17%.

Analyst Upgrades and Downgrades

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

About Veralto

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.