Canada Pension Plan Investment Board Buys 54,888 Shares of Veralto Co. (NYSE:VLTO)

Canada Pension Plan Investment Board grew its stake in Veralto Co. (NYSE:VLTO) by 14.5% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 432,469 shares of the company’s stock after purchasing an additional 54,888 shares during the period. Canada Pension Plan Investment Board owned approximately 0.17% of Veralto worth $44,047,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of VLTO. Nordea Investment Management AB boosted its position in shares of 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 buying an additional 1,009,170 shares during the period. Park Avenue Securities LLC lifted its stake in shares of Veralto by 18.4% during the 4th quarter. Park Avenue Securities LLC now owns 17,228 shares of the company’s stock worth $1,755,000 after acquiring an additional 2,676 shares during the last quarter. Czech National Bank boosted its holdings in Veralto by 6.5% during the 4th quarter. Czech National Bank now owns 53,622 shares of the company’s stock valued at $5,461,000 after acquiring an additional 3,284 shares during the period. Assenagon Asset Management S.A. grew its position in Veralto by 15.5% in the 4th quarter. Assenagon Asset Management S.A. now owns 14,115 shares of the company’s stock valued at $1,438,000 after acquiring an additional 1,889 shares during the last quarter. Finally, David Wealth Management LLC purchased a new stake in Veralto in the fourth quarter worth $1,013,000. Hedge funds and other institutional investors own 91.28% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently issued reports on VLTO shares. Stifel Nicolaus lowered their target price on shares of Veralto from $110.00 to $102.00 and set a “buy” rating for the company in a research note on Wednesday. Royal Bank of Canada lowered their price objective on shares of Veralto from $111.00 to $110.00 and set a “sector perform” rating for the company in a research report on Thursday, February 6th. Finally, Citigroup reduced their target price on shares of Veralto from $116.00 to $100.00 and set a “neutral” rating on the stock in a research report on Monday, April 14th. Six investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, Veralto has a consensus rating of “Hold” and a consensus price target of $111.10.

Veralto Stock Up 0.3 %

Veralto stock opened at $89.59 on Friday. The company has a quick ratio of 1.69, a current ratio of 1.92 and a debt-to-equity ratio of 1.27. The firm has a market cap of $22.22 billion, a P/E ratio of 26.82, a P/E/G ratio of 4.24 and a beta of 0.97. The business has a fifty day moving average of $95.86 and a two-hundred day moving average of $101.81. Veralto Co. has a twelve month low of $83.87 and a twelve month high of $115.00.

Veralto (NYSE:VLTO) last issued its quarterly earnings data on Tuesday, February 4th. The company reported $0.95 earnings per share 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, analysts forecast that Veralto Co. will post 3.66 earnings per share for the current fiscal year.

Veralto Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Monday, March 31st will be given a dividend of $0.11 per share. The ex-dividend date of this dividend is Monday, March 31st. This represents a $0.44 dividend on an annualized basis and a yield of 0.49%. Veralto’s payout ratio is 13.17%.

Insiders Place Their Bets

In other Veralto news, SVP Melissa Aquino sold 463 shares of the business’s stock in a transaction that occurred on Tuesday, February 11th. The shares were sold at an average price of $99.60, for a total transaction of $46,114.80. Following the sale, the senior vice president now owns 20,761 shares of the company’s stock, valued at approximately $2,067,795.60. The trade was a 2.18 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP Surekha Trivedi sold 590 shares of the firm’s stock in a transaction on Tuesday, April 1st. The stock was sold at an average price of $97.05, for a total transaction of $57,259.50. Following the completion of the transaction, the senior vice president now directly owns 10,011 shares of the company’s stock, valued at approximately $971,567.55. This represents a 5.57 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 22,471 shares of company stock valued at $2,234,030. 0.36% of the stock is currently owned by insiders.

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.