Fjarde AP Fonden Fourth Swedish National Pension Fund increased its position in shares of Veralto Corporation (NYSE:VLTO – Free Report) by 57.9% during the 1st quarter, Holdings Channel.com reports. The firm owned 118,061 shares of the company’s stock after buying an additional 43,304 shares during the quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in Veralto were worth $10,439,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently added to or reduced their stakes in VLTO. Robeco Institutional Asset Management B.V. boosted its stake in Veralto by 3.4% during the fourth quarter. Robeco Institutional Asset Management B.V. now owns 1,199,220 shares of the company’s stock valued at $119,658,000 after buying an additional 39,803 shares in the last quarter. First Trust Advisors LP grew its holdings in Veralto by 24.3% during the third quarter. First Trust Advisors LP now owns 3,508,512 shares of the company’s stock worth $374,042,000 after acquiring an additional 685,614 shares during the period. Mirae Asset Global Investments Co. Ltd. raised its position in Veralto by 30.0% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 61,602 shares of the company’s stock worth $6,147,000 after acquiring an additional 14,219 shares in the last quarter. Swiss Life Asset Management Ltd raised its position in Veralto by 18.0% in the third quarter. Swiss Life Asset Management Ltd now owns 78,343 shares of the company’s stock worth $8,352,000 after acquiring an additional 11,930 shares in the last quarter. Finally, Rathbones Group PLC lifted its holdings in Veralto by 88.7% in the 3rd quarter. Rathbones Group PLC now owns 56,951 shares of the company’s stock valued at $6,072,000 after acquiring an additional 26,776 shares during the last quarter. 91.28% of the stock is currently owned by institutional investors and hedge funds.
Veralto Trading Down 0.1%
NYSE:VLTO opened at $92.46 on Friday. The company has a quick ratio of 1.32, a current ratio of 1.48 and a debt-to-equity ratio of 0.65. Veralto Corporation has a 1-year low of $80.03 and a 1-year high of $110.11. The firm has a market capitalization of $22.71 billion, a price-to-earnings ratio of 23.89, a price-to-earnings-growth ratio of 2.61 and a beta of 0.63. The stock has a fifty day simple moving average of $86.14 and a 200 day simple moving average of $91.97.
Veralto Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Friday, July 31st. Stockholders of record on Tuesday, June 30th will be given a $0.13 dividend. This represents a $0.52 annualized dividend and a dividend yield of 0.6%. The ex-dividend date of this dividend is Tuesday, June 30th. Veralto’s dividend payout ratio (DPR) is 13.44%.
Analysts Set New Price Targets
VLTO has been the subject of several research reports. Jefferies Financial Group started coverage on shares of Veralto in a research report on Tuesday, March 31st. They set a “buy” rating and a $110.00 price objective for the company. Weiss Ratings reiterated a “hold (c)” rating on shares of Veralto in a report on Wednesday, June 24th. Robert W. Baird set a $103.00 target price on shares of Veralto in a research note on Thursday, April 30th. Royal Bank Of Canada raised their target price on shares of Veralto from $99.00 to $100.00 and gave the stock a “sector perform” rating in a report on Thursday, April 30th. Finally, Stifel Nicolaus decreased their price target on shares of Veralto from $118.00 to $110.00 and set a “buy” rating on the stock in a research report on Tuesday, April 14th. Five investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $105.88.
Check Out Our Latest Research Report on VLTO
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. This segment provides water solutions, including chemical reagents, services, and digital solutions.
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