Veralto Co. (NYSE:VLTO) Shares Acquired by Daiwa Securities Group Inc.

Daiwa Securities Group Inc. raised its holdings in shares of Veralto Co. (NYSE:VLTO - Free Report) by 12.3% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 100,376 shares of the company's stock after acquiring an additional 11,026 shares during the quarter. Daiwa Securities Group Inc.'s holdings in Veralto were worth $10,223,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also made changes to their positions in VLTO. Nordea Investment Management AB boosted 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 acquiring an additional 1,009,170 shares in the last quarter. State Street Corp boosted its position in shares of Veralto by 9.8% during the 3rd quarter. State Street Corp now owns 9,599,499 shares of the company's stock worth $1,074,654,000 after acquiring an additional 860,608 shares in the last quarter. Principal Financial Group Inc. boosted its position in shares of Veralto by 207.2% during the 3rd quarter. Principal Financial Group Inc. now owns 1,122,898 shares of the company's stock worth $125,608,000 after acquiring an additional 757,389 shares in the last quarter. Geode Capital Management LLC increased its position in shares of Veralto by 10.5% during the third quarter. Geode Capital Management LLC now owns 5,868,620 shares of the company's stock worth $654,232,000 after purchasing an additional 558,393 shares in the last quarter. Finally, Raymond James Financial Inc. acquired a new stake in shares of Veralto during the fourth quarter worth about $51,986,000. 91.28% of the stock is owned by institutional investors and hedge funds.

Veralto Price Performance

Shares of VLTO opened at $97.07 on Wednesday. Veralto Co. has a fifty-two week low of $85.90 and a fifty-two week high of $115.00. The company has a market capitalization of $24.03 billion, a price-to-earnings ratio of 29.06, a price-to-earnings-growth ratio of 4.24 and a beta of 1.11. The firm has a 50-day simple moving average of $100.56 and a 200-day simple moving average of $105.13. The company has a debt-to-equity ratio of 1.27, a quick ratio of 1.69 and a current ratio of 1.92.

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Veralto (NYSE:VLTO - Get Free Report) last issued its quarterly earnings results 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%. On average, equities research analysts anticipate that Veralto Co. will post 3.66 earnings per share for the current year.

Veralto Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Monday, March 31st will be paid a dividend of $0.11 per share. 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 0.45%. Veralto's dividend payout ratio (DPR) is 13.17%.

Insider Transactions at Veralto

In related news, SVP Melissa Aquino sold 463 shares of the firm's stock in a transaction dated 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 sale, the senior vice president now owns 20,761 shares in the company, valued at $2,067,795.60. This trade represents a 2.18 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP Surekha Trivedi sold 590 shares of the firm's stock in a transaction dated Tuesday, February 25th. The shares were sold at an average price of $100.35, for a total transaction of $59,206.50. Following the completion of the sale, the senior vice president now owns 8,470 shares of the company's stock, valued at $849,964.50. This trade represents a 6.51 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 11,467 shares of company stock worth $1,150,366 over the last ninety days. 0.31% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of analysts have recently commented on VLTO shares. Jefferies Financial Group started coverage on Veralto in a research report on Thursday, December 12th. They set a "buy" rating and a $125.00 target price on the stock. Stifel Nicolaus cut their target price on Veralto from $116.00 to $110.00 and set a "buy" rating on the stock in a research report on Thursday, February 6th. Citigroup cut their target price on Veralto from $118.00 to $116.00 and set a "neutral" rating on the stock in a research report on Monday, January 13th. Finally, Royal Bank of Canada cut 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. Six equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat, Veralto has an average rating of "Hold" and an average price target of $112.55.

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.

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