Veralto Co. (NYSE:VLTO) Position Increased by Ninety One UK Ltd

Ninety One UK Ltd boosted its stake in shares of Veralto Co. (NYSE:VLTO - Free Report) by 33.9% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 87,489 shares of the company's stock after purchasing an additional 22,156 shares during the quarter. Ninety One UK Ltd's holdings in Veralto were worth $8,911,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Northwestern Mutual Wealth Management Co. raised its holdings in shares of Veralto by 123.2% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 3,326 shares of the company's stock valued at $318,000 after buying an additional 1,836 shares during the last quarter. Sanctuary Advisors LLC acquired a new stake in Veralto in the 2nd quarter valued at approximately $1,792,000. Czech National Bank raised its stake in Veralto by 20.2% during the 3rd quarter. Czech National Bank now owns 50,338 shares of the company's stock valued at $5,631,000 after acquiring an additional 8,474 shares in the last quarter. GAMMA Investing LLC boosted its position in Veralto by 26.2% during the 3rd quarter. GAMMA Investing LLC now owns 3,953 shares of the company's stock worth $442,000 after acquiring an additional 820 shares during the period. Finally, Mather Group LLC. grew its stake in shares of Veralto by 55.8% in the third quarter. Mather Group LLC. now owns 888 shares of the company's stock worth $99,000 after purchasing an additional 318 shares in the last quarter. 91.28% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts recently weighed in on VLTO shares. Royal Bank of Canada reduced their price objective on shares of Veralto from $111.00 to $110.00 and set a "sector perform" rating for the company in a report on Thursday. 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 note on Monday, January 13th. Stifel Nicolaus lowered their price objective on shares of Veralto from $116.00 to $110.00 and set a "buy" rating on the stock in a research note on Thursday. Finally, Jefferies Financial Group started coverage on Veralto in a research report on Thursday, December 12th. They issued a "buy" rating and a $125.00 target price for the company. Six analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, Veralto has a consensus rating of "Hold" and an average target price of $112.55.

Veralto Price Performance

Shares of VLTO traded up $0.43 during trading hours on Friday, hitting $98.87. 2,182,954 shares of the company were exchanged, compared to its average volume of 1,436,270. The firm has a fifty day simple moving average of $102.92 and a 200-day simple moving average of $106.29. The company has a market capitalization of $24.45 billion, a PE ratio of 29.60, a PEG ratio of 4.21 and a beta of 1.06. The company has a debt-to-equity ratio of 1.27, a current ratio of 1.92 and a quick ratio of 1.87. Veralto Co. has a one year low of $81.23 and a one year high of $115.00.

Veralto (NYSE:VLTO - Get Free Report) last issued its quarterly earnings results on Tuesday, February 4th. The company reported $0.95 earnings per share for the quarter, topping 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%. As a group, sell-side analysts predict that Veralto Co. will post 3.63 earnings per share for the current year.

Veralto Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, January 31st. Investors of record on Tuesday, December 31st were given a $0.11 dividend. This represents a $0.44 annualized dividend and a dividend yield of 0.45%. The ex-dividend date was Tuesday, December 31st. This is an increase from Veralto's previous quarterly dividend of $0.09. Veralto's dividend payout ratio is 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.