UniSuper Management Pty Ltd Has $2.67 Million Stock Holdings in Veralto Co. (NYSE:VLTO)

UniSuper Management Pty Ltd boosted its position in shares of Veralto Co. (NYSE:VLTO) by 26.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 26,175 shares of the company’s stock after purchasing an additional 5,529 shares during the period. UniSuper Management Pty Ltd’s holdings in Veralto were worth $2,666,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. OFI Invest Asset Management acquired a new position in shares of Veralto during the 4th quarter worth $26,000. BankPlus Trust Department bought a new stake in Veralto in the fourth quarter worth $29,000. Albion Financial Group UT increased its position in Veralto by 2,100.0% during the fourth quarter. Albion Financial Group UT now owns 352 shares of the company’s stock worth $36,000 after buying an additional 336 shares during the last quarter. Geneos Wealth Management Inc. bought a new position in Veralto during the fourth quarter valued at about $42,000. Finally, Raleigh Capital Management Inc. lifted its position in shares of Veralto by 35.3% in the fourth quarter. Raleigh Capital Management Inc. now owns 418 shares of the company’s stock worth $43,000 after buying an additional 109 shares during the last quarter. Hedge funds and other institutional investors own 91.28% of the company’s stock.

Veralto Stock Performance

NYSE VLTO opened at $95.97 on Friday. The company’s fifty day moving average is $99.48 and its two-hundred day moving average is $103.97. Veralto Co. has a 52-week low of $85.91 and a 52-week high of $115.00. The company has a debt-to-equity ratio of 1.27, a current ratio of 1.92 and a quick ratio of 1.69. The firm has a market capitalization of $23.76 billion, a price-to-earnings ratio of 28.73, a P/E/G ratio of 4.24 and a beta of 1.11.

Veralto (NYSE:VLTO) last released its earnings results on Tuesday, February 4th. The company reported $0.95 earnings per share for the quarter, topping 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%. Equities research analysts forecast that Veralto Co. will post 3.66 EPS for the current year.

Veralto Announces Dividend

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 paid a $0.11 dividend. 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 0.46%. Veralto’s payout ratio is 13.17%.

Insider Buying and Selling

In related news, CEO Jennifer Honeycutt sold 10,414 shares of the stock in a transaction dated Monday, March 24th. The shares were sold at an average price of $98.56, for a total value of $1,026,403.84. Following the completion of the transaction, the chief executive officer now owns 116,637 shares of the company’s stock, valued at $11,495,742.72. This represents a 8.20 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, SVP Melissa Aquino sold 463 shares of Veralto stock in a transaction that occurred on Tuesday, February 11th. The shares were 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 in the company, valued at $2,067,795.60. The trade was a 2.18 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 21,881 shares of company stock valued at $2,176,770 over the last ninety days. 0.31% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of brokerages recently weighed in on VLTO. Stifel Nicolaus cut their price objective on Veralto from $116.00 to $110.00 and set a “buy” rating on the stock in a research note on Thursday, February 6th. Royal Bank of Canada reduced 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 note on Thursday, February 6th. Citigroup lowered their target price on shares of Veralto from $118.00 to $116.00 and set a “neutral” rating on the stock in a research note on Monday, January 13th. Finally, Jefferies Financial Group started coverage on shares of Veralto in a research report on Thursday, December 12th. They set a “buy” rating and a $125.00 target price for the company. Six investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $113.50.

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.