Generali Asset Management SPA SGR Acquires Shares of 31,144 Veralto Co. (NYSE:VLTO)

Generali Asset Management SPA SGR bought a new position in Veralto Co. (NYSE:VLTO) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 31,144 shares of the company’s stock, valued at approximately $3,172,000.

A number of other institutional investors have also modified their holdings of the stock. William Blair Investment Management LLC boosted its holdings in Veralto by 24.0% in the fourth quarter. William Blair Investment Management LLC now owns 10,660 shares of the company’s stock worth $1,086,000 after purchasing an additional 2,065 shares during the period. Terra Alpha Investments LLC bought a new position in shares of Veralto in the 4th quarter worth about $1,867,000. Cibc World Markets Corp boosted its holdings in shares of Veralto by 16.2% in the 4th quarter. Cibc World Markets Corp now owns 38,987 shares of the company’s stock valued at $3,971,000 after buying an additional 5,430 shares during the period. Addison Capital Co grew its holdings in shares of Veralto by 11.5% during the fourth quarter. Addison Capital Co now owns 16,856 shares of the company’s stock valued at $1,717,000 after purchasing an additional 1,736 shares during the last quarter. Finally, Corient Private Wealth LLC grew its stake in Veralto by 18.0% during the 4th quarter. Corient Private Wealth LLC now owns 136,551 shares of the company’s stock worth $13,908,000 after buying an additional 20,798 shares during the last quarter. Institutional investors and hedge funds own 91.28% of the company’s stock.

Veralto Stock Up 0.9 %

Shares of VLTO stock opened at $99.29 on Thursday. The business’s fifty day moving average is $100.11 and its 200-day moving average is $104.59. Veralto Co. has a 1 year low of $85.91 and a 1 year high of $115.00. The stock has a market cap of $24.58 billion, a PE ratio of 29.73, a price-to-earnings-growth ratio of 4.24 and a beta of 1.11. The company has a debt-to-equity ratio of 1.27, a quick ratio of 1.69 and a current ratio of 1.92.

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

Veralto Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders 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 dividend yield of 0.44%. Veralto’s dividend payout ratio (DPR) is presently 13.17%.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the company. Royal Bank of Canada cut their target price on Veralto from $111.00 to $110.00 and set a “sector perform” rating on the stock in a research note on Thursday, February 6th. Jefferies Financial Group initiated coverage on Veralto in a research report on Thursday, December 12th. They issued a “buy” rating and a $125.00 target price on the stock. Citigroup reduced their price target on Veralto from $118.00 to $116.00 and set a “neutral” rating for the company in a research report on Monday, January 13th. Finally, Stifel Nicolaus lowered their price target on Veralto from $116.00 to $110.00 and set a “buy” rating on the stock in a report on Thursday, February 6th. Six investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $113.50.

Insider Transactions at Veralto

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

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.