371,742 Shares in Veralto Co. (NYSE:VLTO) Bought by National Pension Service

National Pension Service bought a new stake in shares of Veralto Co. (NYSE:VLTO) in the 4th quarter, Holdings Channel reports. The fund bought 371,742 shares of the company’s stock, valued at approximately $30,579,000.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Impax Asset Management Group plc acquired a new position in Veralto in the fourth quarter worth about $347,827,000. Fisher Asset Management LLC acquired a new position in shares of Veralto in the 4th quarter worth approximately $93,845,000. Charles Schwab Investment Management Inc. bought a new stake in shares of Veralto in the 4th quarter valued at approximately $91,464,000. abrdn plc acquired a new stake in shares of Veralto during the 4th quarter valued at approximately $80,959,000. Finally, Vontobel Holding Ltd. bought a new position in Veralto during the fourth quarter worth $60,495,000. 91.28% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several analysts have weighed in on the stock. BNP Paribas began coverage on shares of Veralto in a research note on Tuesday, March 12th. They set an “outperform” rating and a $103.00 target price for the company. Robert W. Baird increased their price objective on shares of Veralto from $90.00 to $98.00 and gave the stock a “neutral” rating in a research note on Thursday, April 25th. Royal Bank of Canada lifted their target price on Veralto from $78.00 to $91.00 and gave the company a “sector perform” rating in a research note on Thursday, February 8th. Stifel Nicolaus raised their price target on Veralto from $92.00 to $97.00 and gave the stock a “buy” rating in a report on Wednesday, April 17th. Finally, BMO Capital Markets upped their price objective on Veralto from $97.00 to $101.00 and gave the stock an “outperform” rating in a research note on Thursday, April 25th. Five analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $95.18.

Veralto Trading Down 0.1 %

Shares of NYSE VLTO traded down $0.08 during midday trading on Thursday, reaching $96.65. 699,827 shares of the company traded hands, compared to its average volume of 1,569,659. The stock has a 50-day moving average price of $89.97 and a 200 day moving average price of $81.67. The company has a debt-to-equity ratio of 1.76, a current ratio of 1.83 and a quick ratio of 1.56. Veralto Co. has a 52 week low of $65.51 and a 52 week high of $97.46.

Veralto (NYSE:VLTO) last issued its quarterly earnings results on Tuesday, April 23rd. The company reported $0.84 earnings per share for the quarter, topping analysts’ consensus estimates of $0.76 by $0.08. The company had revenue of $1.25 billion during the quarter, compared to analyst estimates of $1.23 billion. The firm’s quarterly revenue was up 1.7% on a year-over-year basis. As a group, sell-side analysts anticipate that Veralto Co. will post 3.34 earnings per share for the current fiscal year.

Veralto Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 30th. Stockholders of record on Thursday, March 28th were issued a $0.09 dividend. The ex-dividend date was Wednesday, March 27th. This represents a $0.36 annualized dividend and a dividend yield of 0.37%.

Insider Activity

In other news, insider Mattias Bystrom sold 500 shares of Veralto stock in a transaction that occurred on Friday, February 16th. The shares were sold at an average price of $86.10, for a total value of $43,050.00. Following the transaction, the insider now owns 30,310 shares of the company’s stock, valued at approximately $2,609,691. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Veralto news, insider Mattias Bystrom sold 500 shares of the business’s stock in a transaction dated Friday, February 16th. The stock was sold at an average price of $86.10, for a total transaction of $43,050.00. Following the sale, the insider now owns 30,310 shares in the company, valued at approximately $2,609,691. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, SVP Melissa Aquino sold 8,041 shares of the business’s stock in a transaction that occurred on Friday, April 26th. The shares were sold at an average price of $93.56, for a total transaction of $752,315.96. Following the sale, the senior vice president now owns 20,761 shares in the company, valued at approximately $1,942,399.16. The disclosure for this sale can be found here. Insiders own 0.31% of the company’s stock.

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.