Veralto Co. (NYSE:VLTO) Holdings Lifted by Nuveen Asset Management LLC

Nuveen Asset Management LLC raised its stake in Veralto Co. (NYSE:VLTO - Free Report) by 22.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,889,935 shares of the company's stock after acquiring an additional 342,250 shares during the period. Nuveen Asset Management LLC owned 0.76% of Veralto worth $192,490,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently added to or reduced their stakes in VLTO. Vanguard Group Inc. raised its position in Veralto by 0.5% in the 4th quarter. Vanguard Group Inc. now owns 29,347,185 shares of the company's stock valued at $2,989,011,000 after purchasing an additional 146,234 shares during the last quarter. Amundi increased its stake in Veralto by 2.3% in the fourth quarter. Amundi now owns 7,169,702 shares of the company's stock valued at $731,084,000 after purchasing an additional 158,342 shares during the period. Geode Capital Management LLC raised its holdings in shares of Veralto by 12.5% in the fourth quarter. Geode Capital Management LLC now owns 6,601,676 shares of the company's stock valued at $670,781,000 after buying an additional 733,056 shares during the last quarter. Pictet Asset Management Holding SA lifted its position in Veralto by 1.2% during the 4th quarter. Pictet Asset Management Holding SA now owns 4,764,889 shares of the company's stock worth $485,304,000 after acquiring an additional 54,795 shares during the period. Finally, Invesco Ltd. grew its position in Veralto by 9.7% in the 4th quarter. Invesco Ltd. now owns 4,541,367 shares of the company's stock valued at $462,538,000 after buying an additional 401,228 shares during the last quarter. Institutional investors and hedge funds own 91.28% of the company's stock.

Veralto Stock Up 0.4%

Shares of NYSE:VLTO traded up $0.41 during midday trading on Monday, hitting $102.11. 832,212 shares of the company's stock traded hands, compared to its average volume of 1,480,353. The firm's fifty day moving average price is $94.40 and its two-hundred day moving average price is $99.64. 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 Co. has a twelve month low of $83.87 and a twelve month high of $115.00. The company has a market cap of $25.31 billion, a PE ratio of 30.57, a P/E/G ratio of 4.24 and a beta of 0.99.

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, topping the consensus estimate of $0.87 by $0.08. The firm had revenue of $1.33 billion for the quarter, compared to the consensus estimate of $1.28 billion. Veralto had a net margin of 16.04% and a return on equity of 49.29%. The firm's quarterly revenue was up 6.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.84 EPS. On average, equities research analysts anticipate that Veralto Co. will post 3.66 EPS for the current fiscal year.

Veralto Dividend Announcement

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

Analyst Ratings Changes

A number of analysts recently weighed in on VLTO shares. Robert W. Baird lifted their price target on Veralto from $105.00 to $106.00 and gave the company a "neutral" rating in a research note on Thursday, May 1st. Northcoast Research initiated coverage on Veralto in a report on Tuesday, May 6th. They set a "buy" rating and a $110.00 target price on the stock. Royal Bank of Canada upped their price objective on shares of Veralto from $103.00 to $104.00 and gave the company a "sector perform" rating in a research note on Thursday, May 1st. Citigroup decreased their target price on shares of Veralto from $116.00 to $100.00 and set a "neutral" rating on the stock in a research report on Monday, April 14th. Finally, Stifel Nicolaus upped their price target on shares of Veralto from $102.00 to $104.00 and gave the stock a "buy" rating in a research report on Thursday, May 1st. Six equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $110.09.

Insiders Place Their Bets

In other news, CEO Jennifer Honeycutt sold 10,414 shares of the firm's stock in a transaction dated 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 transaction, the chief executive officer now directly owns 104,496 shares in the company, valued at approximately $10,486,173.60. This trade represents a 9.06% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, SVP Surekha Trivedi sold 590 shares of Veralto stock in a transaction dated Tuesday, April 1st. The shares were sold at an average price of $97.05, for a total transaction of $57,259.50. Following the completion of the transaction, the senior vice president now directly owns 10,011 shares of the company's stock, valued at $971,567.55. This trade represents a 5.57% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 67,073 shares of company stock valued at $6,442,018 in the last ninety days. Corporate insiders own 0.36% of the company's stock.

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.