Robeco Institutional Asset Management B.V. boosted its stake in Veralto Co. (NYSE:VLTO – Free Report) by 628.4% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 579,261 shares of the company’s stock after buying an additional 499,735 shares during the period. Robeco Institutional Asset Management B.V.’s holdings in Veralto were worth $58,998,000 at the end of the most recent quarter.
Several other large investors have also recently bought and sold shares of the stock. Ashton Thomas Securities LLC acquired a new stake in shares of Veralto in the third quarter valued at $25,000. Raleigh Capital Management Inc. grew its holdings in Veralto by 692.3% during the third quarter. Raleigh Capital Management Inc. now owns 309 shares of the company’s stock worth $35,000 after acquiring an additional 270 shares during the period. Albion Financial Group UT raised its position in Veralto by 2,100.0% in the fourth quarter. Albion Financial Group UT now owns 352 shares of the company’s stock worth $36,000 after acquiring an additional 336 shares in the last quarter. Geneos Wealth Management Inc. acquired a new stake in Veralto in the 4th quarter valued at about $42,000. Finally, Erste Asset Management GmbH bought a new position in shares of Veralto during the 3rd quarter valued at about $46,000. Institutional investors and hedge funds own 91.28% of the company’s stock.
Insider Buying and Selling at Veralto
In related news, SVP Surekha Trivedi sold 752 shares of the stock in a transaction on Friday, November 1st. The stock was sold at an average price of $102.91, for a total transaction of $77,388.32. Following the completion of the sale, the senior vice president now directly owns 10,413 shares in the company, valued at approximately $1,071,601.83. This trade represents a 6.74 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.31% of the company’s stock.
Veralto Price Performance
Veralto Increases Dividend
The business also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Tuesday, December 31st will be given a $0.11 dividend. This is an increase from Veralto’s previous quarterly dividend of $0.09. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $0.44 dividend on an annualized basis and a yield of 0.43%. Veralto’s dividend payout ratio is presently 13.58%.
Analyst Ratings Changes
Several analysts recently commented on VLTO shares. Royal Bank of Canada increased their target price on shares of Veralto from $108.00 to $111.00 and gave the company a “sector perform” rating in a research note on Friday, October 25th. Citigroup cut their price objective on Veralto from $118.00 to $116.00 and set a “neutral” rating for the company in a research report on Monday, January 13th. Stifel Nicolaus decreased their target price on Veralto from $117.00 to $116.00 and set a “buy” rating on the stock in a report on Friday, January 24th. Finally, Jefferies Financial Group initiated coverage on Veralto in a report on Thursday, December 12th. They set a “buy” rating and a $125.00 target price for the company. Six equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Veralto currently has an average rating of “Hold” and an average price target of $113.18.
Check Out Our Latest Analysis on VLTO
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.
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