Veralto Co. (NYSE:VLTO) Shares Acquired by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC increased its stake in Veralto Co. (NYSE:VLTO) by 1.2% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 58,279 shares of the company’s stock after acquiring an additional 713 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Veralto were worth $5,942,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. Perpetual Ltd lifted its position in shares of Veralto by 17.3% in the fourth quarter. Perpetual Ltd now owns 105,232 shares of the company’s stock valued at $10,718,000 after acquiring an additional 15,488 shares in the last quarter. Ballentine Partners LLC boosted its stake in Veralto by 2.9% during the 4th quarter. Ballentine Partners LLC now owns 4,111 shares of the company’s stock worth $419,000 after purchasing an additional 114 shares during the last quarter. Mountain Pacific Investment Advisers LLC grew its holdings in shares of Veralto by 6.4% during the fourth quarter. Mountain Pacific Investment Advisers LLC now owns 57,558 shares of the company’s stock worth $5,862,000 after buying an additional 3,459 shares in the last quarter. Corundum Group Inc. raised its position in shares of Veralto by 5.8% in the fourth quarter. Corundum Group Inc. now owns 2,464 shares of the company’s stock valued at $251,000 after buying an additional 135 shares during the last quarter. Finally, City Holding Co. lifted its stake in shares of Veralto by 8.6% in the fourth quarter. City Holding Co. now owns 20,248 shares of the company’s stock worth $2,062,000 after buying an additional 1,600 shares in the last quarter. 91.28% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on VLTO shares. BMO Capital Markets raised their target price on shares of Veralto from $117.00 to $119.00 and gave the stock an “outperform” rating in a research note on Monday, September 30th. Royal Bank of Canada boosted their price objective on Veralto from $108.00 to $111.00 and gave the stock a “sector perform” rating in a research note on Friday, October 25th. Jefferies Financial Group assumed coverage on Veralto in a research note on Thursday, December 12th. They issued a “buy” rating and a $125.00 target price for the company. Citigroup lowered their price target on shares of Veralto from $118.00 to $116.00 and set a “neutral” rating on the stock in a research report on Monday, January 13th. Finally, Stifel Nicolaus cut their price objective on shares of Veralto from $117.00 to $116.00 and set a “buy” rating for the company in a research report on Friday. Six research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Veralto currently has a consensus rating of “Hold” and an average price target of $113.18.

Veralto Stock Performance

NYSE:VLTO opened at $101.79 on Friday. Veralto Co. has a fifty-two week low of $75.05 and a fifty-two week high of $115.00. 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 company has a 50 day moving average price of $103.99 and a 200 day moving average price of $105.98. The stock has a market capitalization of $25.17 billion, a P/E ratio of 31.42, a PEG ratio of 4.31 and a beta of 1.06.

Veralto (NYSE:VLTO) last issued its quarterly earnings data on Wednesday, October 23rd. The company reported $0.89 earnings per share for the quarter, beating 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 during the quarter, compared to analysts’ expectations of $1.30 billion. During the same period in the previous year, the firm posted $0.75 earnings per share. The company’s revenue was up 4.7% on a year-over-year basis. Equities 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. 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. This represents a $0.44 annualized dividend and a yield of 0.43%. The ex-dividend date is Tuesday, December 31st. Veralto’s payout ratio is currently 13.58%.

Insiders Place Their Bets

In related news, SVP Surekha Trivedi sold 752 shares of the company’s stock in a transaction that occurred on Friday, November 1st. The shares were 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 of the company’s stock, valued at $1,071,601.83. This represents a 6.74 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.31% of the company’s stock.

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.