Robeco Schweiz AG Sells 29,450 Shares of Veralto Corporation (NYSE:VLTO)

Robeco Schweiz AG reduced its stake in shares of Veralto Corporation (NYSE:VLTO - Free Report) by 3.4% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 838,144 shares of the company's stock after selling 29,450 shares during the quarter. Veralto accounts for approximately 2.0% of Robeco Schweiz AG's holdings, making the stock its 14th biggest position. Robeco Schweiz AG owned 0.34% of Veralto worth $81,677,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Norges Bank acquired a new stake in Veralto during the 4th quarter valued at $289,028,000. First Trust Advisors LP increased its stake in shares of Veralto by 222.3% in the fourth quarter. First Trust Advisors LP now owns 2,602,399 shares of the company's stock valued at $265,054,000 after buying an additional 1,794,992 shares in the last quarter. Champlain Investment Partners LLC bought a new position in shares of Veralto in the fourth quarter valued at about $133,058,000. BNP Paribas Financial Markets acquired a new position in Veralto during the 4th quarter worth about $96,888,000. Finally, Geode Capital Management LLC grew its holdings in Veralto by 12.5% during the 4th quarter. Geode Capital Management LLC now owns 6,601,676 shares of the company's stock worth $670,781,000 after acquiring an additional 733,056 shares during the last quarter. 91.28% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, SVP Lesley Beneteau sold 458 shares of Veralto stock in a transaction dated Thursday, May 15th. The stock was sold at an average price of $100.84, for a total value of $46,184.72. Following the sale, the senior vice president owned 13,571 shares of the company's stock, valued at approximately $1,368,499.64. The trade was a 3.26% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Mattias Bystrom sold 2,500 shares of the stock in a transaction that occurred on Monday, May 12th. The shares were sold at an average price of $99.96, for a total value of $249,900.00. Following the transaction, the senior vice president directly owned 32,430 shares of the company's stock, valued at $3,241,702.80. This trade represents a 7.16% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 45,913 shares of company stock valued at $4,339,370 over the last 90 days. 0.36% of the stock is currently owned by company insiders.

Veralto Stock Up 0.3%

Shares of NYSE:VLTO traded up $0.31 during midday trading on Monday, reaching $102.24. 849,180 shares of the company were exchanged, compared to its average volume of 1,394,213. The firm has a market cap of $25.34 billion, a PE ratio of 29.21, a P/E/G ratio of 4.08 and a beta of 0.91. Veralto Corporation has a fifty-two week low of $83.86 and a fifty-two week high of $115.00. The stock has a fifty day simple moving average of $100.04 and a two-hundred day simple moving average of $98.41. The company has a quick ratio of 1.92, a current ratio of 2.19 and a debt-to-equity ratio of 1.14.

Veralto (NYSE:VLTO - Get Free Report) last released its quarterly earnings results on Tuesday, April 29th. The company reported $0.95 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.87 by $0.08. Veralto had a return on equity of 45.63% and a net margin of 16.56%. The firm had revenue of $1.33 billion for the quarter, compared to the consensus estimate of $1.28 billion. During the same quarter last year, the business posted $0.84 EPS. The company's revenue for the quarter was up 6.9% on a year-over-year basis. As a group, sell-side analysts forecast that Veralto Corporation will post 3.66 earnings per share for the current year.

Veralto Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, July 31st. Stockholders of record on Monday, June 30th will be issued a $0.11 dividend. The ex-dividend date of this dividend is Monday, June 30th. This represents a $0.44 dividend on an annualized basis and a dividend yield of 0.43%. Veralto's dividend payout ratio (DPR) is presently 12.57%.

Analyst Ratings Changes

Several research firms have issued reports on VLTO. Stifel Nicolaus upped their price objective on Veralto from $102.00 to $104.00 and gave the stock a "buy" rating in a report on Thursday, May 1st. Royal Bank Of Canada raised their price target on Veralto from $103.00 to $104.00 and gave the company a "sector perform" rating in a report on Thursday, May 1st. Robert W. Baird upped their target price on shares of Veralto from $105.00 to $106.00 and gave the company a "neutral" rating in a research report on Thursday, May 1st. Northcoast Research assumed coverage on shares of Veralto in a research note on Tuesday, May 6th. They issued a "buy" rating and a $110.00 target price on the stock. Finally, Citigroup dropped their price target on shares of Veralto from $116.00 to $100.00 and set a "neutral" rating for the company in a research note on Monday, April 14th. Six equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Hold" and an average target price of $110.09.

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.