Veralto Co. (NYSE:VLTO) Shares Bought by KBC Group NV

KBC Group NV increased its position in Veralto Co. (NYSE:VLTO) by 37.1% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,005,742 shares of the company’s stock after acquiring an additional 271,920 shares during the period. KBC Group NV’s holdings in Veralto were worth $102,435,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of VLTO. AE Wealth Management LLC bought a new stake in Veralto during the second quarter worth approximately $202,000. Public Sector Pension Investment Board lifted its holdings in shares of Veralto by 61.4% in the second quarter. Public Sector Pension Investment Board now owns 4,934 shares of the company’s stock valued at $471,000 after buying an additional 1,877 shares during the period. AQR Capital Management LLC boosted its stake in Veralto by 53.8% during the second quarter. AQR Capital Management LLC now owns 112,233 shares of the company’s stock valued at $10,715,000 after buying an additional 39,256 shares in the last quarter. APG Asset Management N.V. grew its holdings in Veralto by 4.7% during the second quarter. APG Asset Management N.V. now owns 160,133 shares of the company’s stock worth $14,264,000 after acquiring an additional 7,129 shares during the period. Finally, MBB Public Markets I LLC bought a new stake in Veralto in the second quarter worth about $1,620,000. 91.28% of the stock is currently owned by institutional investors.

Insider Activity at Veralto

In related news, SVP Surekha Trivedi sold 752 shares of the stock in a transaction that occurred 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 sale, the senior vice president now directly owns 10,413 shares in the company, valued at $1,071,601.83. This represents a 6.74 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.31% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently commented on VLTO. BMO Capital Markets boosted their target price on shares of Veralto from $117.00 to $119.00 and gave the stock an “outperform” rating in a report on Monday, September 30th. Citigroup cut 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. Stifel Nicolaus decreased their price target on Veralto from $117.00 to $116.00 and set a “buy” rating for the company in a research report on Friday. Jefferies Financial Group assumed coverage on Veralto in a report on Thursday, December 12th. They set a “buy” rating and a $125.00 price objective on the stock. Finally, Royal Bank of Canada raised their target price on shares of Veralto from $108.00 to $111.00 and gave the stock a “sector perform” rating in a report on Friday, October 25th. Six investment 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, the company presently has an average rating of “Hold” and a consensus target price of $113.18.

Veralto Stock Down 1.4 %

VLTO opened at $101.79 on Monday. The firm has a market cap of $25.17 billion, a P/E ratio of 31.42, a price-to-earnings-growth ratio of 4.31 and a beta of 1.06. The company has a debt-to-equity ratio of 1.35, a quick ratio of 1.87 and a current ratio of 2.13. The business has a 50 day moving average price of $103.97 and a 200 day moving average price of $106.09. Veralto Co. has a twelve month low of $75.05 and a twelve month high of $115.00.

Veralto (NYSE:VLTO) last posted its quarterly earnings data on Wednesday, October 23rd. The company reported $0.89 EPS for the quarter, topping analysts’ consensus estimates of $0.85 by $0.04. Veralto had a return on equity of 52.85% and a net margin of 15.69%. The business had revenue of $1.31 billion for the quarter, compared to analyst estimates of $1.30 billion. During the same period in the previous year, the company posted $0.75 earnings per share. The firm’s revenue for the quarter was up 4.7% on a year-over-year basis. Research analysts forecast that Veralto Co. will post 3.48 EPS for the current year.

Veralto Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Tuesday, December 31st will be given a dividend of $0.11 per share. The ex-dividend date is Tuesday, December 31st. This is an increase from Veralto’s previous quarterly dividend of $0.09. This represents a $0.44 dividend on an annualized basis and a yield of 0.43%. Veralto’s dividend payout ratio (DPR) is 13.58%.

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.