PGGM Investments Has $5.66 Million Stock Holdings in Veralto Co. (NYSE:VLTO)

PGGM Investments boosted its position in Veralto Co. (NYSE:VLTO) by 112.2% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 55,591 shares of the company’s stock after purchasing an additional 29,397 shares during the period. PGGM Investments’ holdings in Veralto were worth $5,662,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of VLTO. Skandinaviska Enskilda Banken AB publ boosted its position in Veralto by 72.2% during the fourth quarter. Skandinaviska Enskilda Banken AB publ now owns 103,280 shares of the company’s stock worth $10,536,000 after purchasing an additional 43,313 shares during the period. Connor Clark & Lunn Investment Management Ltd. boosted its holdings in shares of Veralto by 4.1% during the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 2,967 shares of the company’s stock worth $302,000 after buying an additional 117 shares during the period. Jupiter Asset Management Ltd. grew its stake in Veralto by 16.4% in the 4th quarter. Jupiter Asset Management Ltd. now owns 299,990 shares of the company’s stock valued at $30,554,000 after buying an additional 42,305 shares during the last quarter. Farther Finance Advisors LLC grew its stake in Veralto by 10.7% in the 4th quarter. Farther Finance Advisors LLC now owns 2,605 shares of the company’s stock valued at $265,000 after buying an additional 252 shares during the last quarter. Finally, EverSource Wealth Advisors LLC raised its holdings in Veralto by 25.3% in the 4th quarter. EverSource Wealth Advisors LLC now owns 1,054 shares of the company’s stock valued at $107,000 after acquiring an additional 213 shares during the period. Institutional investors own 91.28% of the company’s stock.

Insider Buying and Selling at Veralto

In related news, SVP Melissa Aquino sold 463 shares of the firm’s stock in a transaction dated Tuesday, February 11th. The stock was sold at an average price of $99.60, for a total value of $46,114.80. Following the sale, the senior vice president now directly owns 20,761 shares of the company’s stock, valued at $2,067,795.60. This trade represents a 2.18 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CEO Jennifer Honeycutt sold 10,414 shares of the business’s stock in a transaction dated Tuesday, February 25th. The stock was sold at an average price of $100.35, for a total value of $1,045,044.90. Following the transaction, the chief executive officer now directly owns 104,496 shares of the company’s stock, valued at approximately $10,486,173.60. The trade was a 9.06 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 11,467 shares of company stock valued at $1,150,366. 0.31% of the stock is currently owned by corporate insiders.

Veralto Stock Up 0.2 %

VLTO stock opened at $95.61 on Friday. Veralto Co. has a 52 week low of $85.90 and a 52 week high of $115.00. The business has a 50-day simple moving average of $100.33 and a 200 day simple moving average of $105.00. 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 company has a market cap of $23.67 billion, a PE ratio of 28.62, a price-to-earnings-growth ratio of 4.24 and a beta of 1.11.

Veralto (NYSE:VLTO) last issued its earnings results on Tuesday, February 4th. The company reported $0.95 EPS for the quarter, beating 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%. Sell-side analysts anticipate that Veralto Co. will post 3.66 EPS for the current fiscal year.

Veralto Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Monday, March 31st will be paid a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a yield of 0.46%. The ex-dividend date of this dividend is Monday, March 31st. Veralto’s payout ratio is presently 13.17%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the company. Citigroup decreased their target price on Veralto from $118.00 to $116.00 and set a “neutral” rating on the stock in a research report on Monday, January 13th. Royal Bank of Canada decreased their price objective on Veralto from $111.00 to $110.00 and set a “sector perform” rating on the stock in a report on Thursday, February 6th. 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. Finally, Jefferies Financial Group initiated coverage on shares of Veralto in a research note on Thursday, December 12th. They issued a “buy” rating and a $125.00 price target on the stock. Six research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $113.50.

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.