Veralto Co. (NYSE:VLTO) Shares Acquired by Geode Capital Management LLC

Geode Capital Management LLC boosted its holdings in shares of Veralto Co. (NYSE:VLTO - Free Report) by 12.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 6,601,676 shares of the company's stock after purchasing an additional 733,056 shares during the quarter. Geode Capital Management LLC owned about 2.67% of Veralto worth $670,781,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of VLTO. Norges Bank bought a new position in shares of Veralto in the 4th quarter valued at about $289,028,000. Nordea Investment Management AB raised its position in Veralto by 34.6% during the fourth quarter. Nordea Investment Management AB now owns 3,923,747 shares of the company's stock valued at $400,928,000 after purchasing an additional 1,009,170 shares during the period. State Street Corp lifted its stake in shares of Veralto by 9.8% in the 3rd 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 last quarter. Principal Financial Group Inc. boosted its holdings in shares of Veralto by 207.2% in the 3rd quarter. Principal Financial Group Inc. now owns 1,122,898 shares of the company's stock worth $125,608,000 after purchasing an additional 757,389 shares during the period. Finally, Raymond James Financial Inc. bought a new position in shares of Veralto during the 4th quarter valued at approximately $51,986,000. Institutional investors own 91.28% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the company. Jefferies Financial Group assumed coverage on Veralto in a research report on Thursday, December 12th. They issued a "buy" rating and a $125.00 price target for the company. Citigroup lowered their target price on shares of Veralto from $118.00 to $116.00 and set a "neutral" rating for the company in a report on Monday, January 13th. Stifel Nicolaus dropped their price target on shares of Veralto from $116.00 to $110.00 and set a "buy" rating for the company in a research note on Thursday, February 6th. Finally, Royal Bank of Canada reduced their price objective on shares of 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 four have given a buy rating to the stock. Based on data from MarketBeat.com, Veralto currently has an average rating of "Hold" and an average target price of $113.50.

Insider Buying and Selling

In other news, SVP Surekha Trivedi sold 590 shares of the business'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 transaction, the senior vice president now directly owns 8,470 shares of the company's stock, valued at approximately $849,964.50. The trade was a 6.51 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Jennifer Honeycutt sold 10,414 shares of Veralto stock in a transaction dated 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 completion of the transaction, the chief executive officer now owns 104,496 shares in the company, valued at $10,486,173.60. This trade represents a 9.06 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 22,471 shares of company stock valued at $2,234,030 over the last three months. 0.31% of the stock is owned by company insiders.

Veralto Trading Up 7.0 %

Veralto stock traded up $5.95 during trading hours on Wednesday, hitting $91.27. The company had a trading volume of 2,080,638 shares, compared to its average volume of 1,509,935. The company has a debt-to-equity ratio of 1.27, a quick ratio of 1.69 and a current ratio of 1.92. The firm has a market cap of $22.64 billion, a P/E ratio of 27.33, a P/E/G ratio of 4.24 and a beta of 0.97. The company has a 50-day moving average price of $97.21 and a two-hundred day moving average price of $102.78. Veralto Co. has a 1 year low of $83.87 and a 1 year high of $115.00.

Veralto (NYSE:VLTO - Get Free Report) last announced its quarterly earnings results on Tuesday, February 4th. The company reported $0.95 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.90 by $0.05. Veralto had a return on equity of 49.29% and a net margin of 16.04%. On average, sell-side analysts anticipate that Veralto Co. will post 3.66 earnings per share 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 issued a $0.11 dividend. The ex-dividend date is Monday, March 31st. This represents a $0.44 annualized dividend and a dividend yield of 0.48%. Veralto's payout ratio is currently 13.17%.

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.