133,600 Shares in Veralto Co. (NYSE:VLTO) Purchased by APG Asset Management N.V.

APG Asset Management N.V. purchased a new stake in Veralto Co. (NYSE:VLTO) in the 4th quarter, HoldingsChannel.com reports. The fund purchased 133,600 shares of the company’s stock, valued at approximately $13,141,000.

A number of other hedge funds also recently modified their holdings of VLTO. Bernard Wealth Management Corp. bought a new stake in shares of Veralto during the fourth quarter valued at approximately $25,000. OFI Invest Asset Management bought a new stake in Veralto in the 4th quarter valued at $26,000. BankPlus Trust Department acquired a new position in shares of Veralto in the 4th quarter valued at $29,000. Albion Financial Group UT lifted 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 worth $36,000 after acquiring an additional 336 shares during the period. Finally, Geneos Wealth Management Inc. acquired a new stake in shares of Veralto during the 4th quarter valued at about $42,000. Institutional investors own 91.28% of the company’s stock.

Insiders Place Their Bets

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 transaction of $59,206.50. Following the completion of the sale, the senior vice president now owns 8,470 shares in the company, valued at $849,964.50. The trade was a 6.51 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, 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 transaction, the senior vice president now owns 20,761 shares in the company, valued at approximately $2,067,795.60. This represents a 2.18 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 22,471 shares of company stock valued at $2,234,030. 0.31% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of research firms recently weighed in on VLTO. Jefferies Financial Group assumed coverage on shares of Veralto in a research note on Thursday, December 12th. They issued a “buy” rating and a $125.00 target price on the stock. Stifel Nicolaus dropped their target price on Veralto from $116.00 to $110.00 and set a “buy” rating for the company in a report on Thursday, February 6th. Royal Bank of Canada decreased their price target on Veralto from $111.00 to $110.00 and set a “sector perform” rating on the stock in a research note on Thursday, February 6th. Finally, Citigroup lowered their price target on Veralto from $118.00 to $116.00 and set a “neutral” rating on the stock in a research report on Monday, January 13th. Six 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, the stock has an average rating of “Hold” and a consensus price target of $113.50.

Veralto Price Performance

Veralto stock opened at $88.67 on Friday. The business’s fifty day moving average is $96.96 and its two-hundred day moving average is $102.63. 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 $21.99 billion, a P/E ratio of 26.55, a P/E/G ratio of 4.24 and a beta of 0.97. Veralto Co. has a 52 week low of $83.87 and a 52 week high of $115.00.

Veralto (NYSE:VLTO) last issued its quarterly earnings results on Tuesday, February 4th. The company reported $0.95 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.90 by $0.05. Veralto had a net margin of 16.04% and a return on equity of 49.29%. Equities research analysts forecast that Veralto Co. will post 3.66 earnings per share for the current fiscal year.

Veralto Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Monday, March 31st will be given a $0.11 dividend. This represents a $0.44 annualized dividend and a yield of 0.50%. The ex-dividend date is Monday, March 31st. Veralto’s dividend payout ratio (DPR) is presently 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.