Mirae Asset Global Investments Co. Ltd. Buys 5,909 Shares of Veralto Co. (NYSE:VLTO)

Mirae Asset Global Investments Co. Ltd. boosted its holdings in Veralto Co. (NYSE:VLTO) by 25.2% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 29,311 shares of the company’s stock after buying an additional 5,909 shares during the period. Mirae Asset Global Investments Co. Ltd.’s holdings in Veralto were worth $3,014,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Nordea Investment Management AB lifted its stake in shares of Veralto by 34.6% in the 4th 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. PEAK6 Investments LLC increased its holdings in Veralto by 246.3% in the third quarter. PEAK6 Investments LLC now owns 8,733 shares of the company’s stock valued at $977,000 after purchasing an additional 6,211 shares during the last quarter. Park Avenue Securities LLC lifted its stake in Veralto by 18.4% in the fourth quarter. Park Avenue Securities LLC now owns 17,228 shares of the company’s stock valued at $1,755,000 after buying an additional 2,676 shares during the period. Czech National Bank boosted its holdings in Veralto by 6.5% during the fourth quarter. Czech National Bank now owns 53,622 shares of the company’s stock worth $5,461,000 after buying an additional 3,284 shares during the last quarter. Finally, Assenagon Asset Management S.A. grew its position in shares of Veralto by 15.5% during the 4th quarter. Assenagon Asset Management S.A. now owns 14,115 shares of the company’s stock worth $1,438,000 after buying an additional 1,889 shares during the period. 91.28% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts recently weighed in on the stock. Royal Bank of Canada cut their price target 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. Stifel Nicolaus reduced their price target on shares of Veralto from $116.00 to $110.00 and set a “buy” rating on the stock in a research report on Thursday. Citigroup lowered their price objective 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 assumed coverage on Veralto in a report on Thursday, December 12th. They set a “buy” rating and a $125.00 target price on the stock. Six equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $112.55.

Veralto Stock Up 0.4 %

VLTO stock opened at $98.87 on Monday. The business has a 50-day moving average of $102.92 and a 200-day moving average of $106.29. Veralto Co. has a fifty-two week low of $81.23 and a fifty-two week high of $115.00. The stock has a market capitalization of $24.45 billion, a P/E ratio of 29.60, a P/E/G 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 (NYSE:VLTO) last issued its quarterly earnings results on Tuesday, February 4th. The company reported $0.95 earnings per share 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%. On average, sell-side analysts anticipate that Veralto Co. will post 3.63 earnings per share for the current fiscal year.

Veralto Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, January 31st. Shareholders of record on Tuesday, December 31st were given a dividend of $0.11 per share. The ex-dividend date of this dividend was Tuesday, December 31st. This is a boost from Veralto’s previous quarterly dividend of $0.09. This represents a $0.44 annualized dividend and a yield of 0.45%. Veralto’s payout ratio is 13.17%.

Veralto Company 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.