Veralto Co. (NYSE:VLTO) Shares Bought by Amundi

Amundi raised its position in shares of Veralto Co. (NYSE:VLTO - Free Report) by 2.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 7,169,702 shares of the company's stock after acquiring an additional 158,342 shares during the period. Amundi owned approximately 2.90% of Veralto worth $731,084,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in VLTO. Ashton Thomas Securities LLC bought a new position in shares of Veralto during the third quarter valued at approximately $25,000. BankPlus Trust Department purchased a new stake in shares of Veralto in the fourth quarter valued at $29,000. Albion Financial Group UT grew its holdings in shares of Veralto by 2,100.0% during the 4th quarter. Albion Financial Group UT now owns 352 shares of the company's stock valued at $36,000 after acquiring an additional 336 shares in the last quarter. Geneos Wealth Management Inc. acquired a new stake in Veralto in the fourth quarter valued at approximately $42,000. Finally, Raleigh Capital Management Inc. boosted its stake in shares of Veralto by 35.3% during the 4th quarter. Raleigh Capital Management Inc. now owns 418 shares of the company's stock worth $43,000 after acquiring an additional 109 shares in the last quarter. Institutional investors and hedge funds own 91.28% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on VLTO. Royal Bank of Canada reduced 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. Stifel Nicolaus dropped their target price on Veralto from $116.00 to $110.00 and set a "buy" rating for the company in a research report on Thursday, February 6th. Citigroup dropped their target price 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. Finally, Jefferies Financial Group started coverage on shares of Veralto in a report on Thursday, December 12th. They set a "buy" rating and a $125.00 price objective for the company. Six research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and an average target price of $112.55.

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Veralto Stock Performance

NYSE:VLTO opened at $100.16 on Friday. The firm has a market capitalization of $24.79 billion, a P/E ratio of 29.99, a P/E/G ratio of 4.24 and a beta of 1.11. The company has a fifty day moving average of $100.69 and a 200-day moving average of $105.37. 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 twelve month low of $85.90 and a twelve month high of $115.00.

Veralto (NYSE:VLTO - Get Free Report) last issued its quarterly earnings data 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 return on equity of 49.29% and a net margin of 16.04%. As a group, sell-side analysts anticipate that Veralto Co. will post 3.66 EPS for the current year.

Veralto Dividend Announcement

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 dividend of $0.11 per share. The ex-dividend date of this dividend is Monday, March 31st. This represents a $0.44 annualized dividend and a yield of 0.44%. Veralto's dividend payout ratio is currently 13.17%.

Insider Transactions at Veralto

In other Veralto news, SVP Melissa Aquino sold 463 shares of the company's stock in a transaction on 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 transaction, the senior vice president now directly owns 20,761 shares in the company, valued at approximately $2,067,795.60. This represents a 2.18 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Surekha Trivedi sold 590 shares of the company's stock in a transaction on Tuesday, February 25th. The stock was sold at an average price of $100.35, for a total value of $59,206.50. Following the completion of the sale, the senior vice president now directly owns 8,470 shares in the company, valued at approximately $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. Over the last quarter, insiders have sold 11,467 shares of company stock valued at $1,150,366. 0.31% of the stock is currently owned by company insiders.

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.

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