Susquehanna Fundamental Investments LLC Makes New $4.28 Million Investment in Veralto Co. (NYSE:VLTO)

Susquehanna Fundamental Investments LLC purchased a new stake in Veralto Co. (NYSE:VLTO - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 42,042 shares of the company's stock, valued at approximately $4,282,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Norges Bank acquired a new position in Veralto during the fourth quarter valued at approximately $289,028,000. First Trust Advisors LP grew its stake in 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 acquiring an additional 1,794,992 shares during the period. Champlain Investment Partners LLC acquired a new stake in shares of Veralto during the fourth quarter worth about $133,058,000. Nordea Investment Management AB grew its position in shares of Veralto by 34.6% in the 4th quarter. Nordea Investment Management AB now owns 3,923,747 shares of the company's stock valued at $400,928,000 after purchasing an additional 1,009,170 shares during the period. Finally, Principal Financial Group Inc. increased its stake in Veralto by 207.2% during the 3rd quarter. Principal Financial Group Inc. now owns 1,122,898 shares of the company's stock worth $125,608,000 after purchasing an additional 757,389 shares in the last quarter. 91.28% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on VLTO shares. Citigroup lowered their price objective on shares of Veralto from $116.00 to $100.00 and set a "neutral" rating for the company in a research report on Monday, April 14th. Royal Bank of Canada boosted their target price on Veralto from $103.00 to $104.00 and gave the company a "sector perform" rating in a research note on Thursday. Stifel Nicolaus raised their target price on shares of Veralto from $102.00 to $104.00 and gave the company a "buy" rating in a research report on Thursday. Finally, Robert W. Baird lifted their target price on Veralto from $105.00 to $106.00 and gave the company a "neutral" rating in a research report on Thursday. Six equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $110.10.

Insiders Place Their Bets

In other Veralto news, CEO Jennifer Honeycutt sold 10,418 shares of the company's stock in a transaction on Wednesday, April 30th. The shares were sold at an average price of $95.00, for a total transaction of $989,710.00. Following the sale, the chief executive officer now owns 106,219 shares of the company's stock, valued at approximately $10,090,805. This represents a 8.93 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, SVP Surekha Trivedi sold 590 shares of the stock in a transaction that occurred on Tuesday, April 1st. The stock was sold at an average price of $97.05, for a total value of $57,259.50. Following the transaction, the senior vice president now owns 10,011 shares in the company, valued at $971,567.55. The trade was a 5.57 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 32,889 shares of company stock valued at $3,223,740 in the last 90 days. Corporate insiders own 0.36% of the company's stock.

Veralto Stock Performance

Shares of VLTO stock traded up $1.37 on Friday, hitting $95.58. The company's stock had a trading volume of 1,207,645 shares, compared to its average volume of 1,481,766. Veralto Co. has a fifty-two week low of $83.87 and a fifty-two week high of $115.00. The company has a debt-to-equity ratio of 1.27, a quick ratio of 1.69 and a current ratio of 1.92. The stock's 50 day moving average is $94.64 and its 200-day moving average is $100.55. The company has a market capitalization of $23.71 billion, a PE ratio of 28.62, a PEG ratio of 4.24 and a beta of 0.97.

Veralto (NYSE:VLTO - Get Free Report) last issued its quarterly earnings results on Tuesday, April 29th. The company reported $0.95 EPS for the quarter, topping analysts' consensus estimates of $0.87 by $0.08. The company had revenue of $1.33 billion for the quarter, compared to analysts' expectations of $1.28 billion. Veralto had a return on equity of 49.29% and a net margin of 16.04%. Veralto's revenue was up 6.9% on a year-over-year basis. During the same quarter last year, the business earned $0.84 earnings per share. Equities research analysts expect that Veralto Co. will post 3.66 earnings per share for the current fiscal year.

Veralto Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, April 30th. Shareholders of record on Monday, March 31st were given a $0.11 dividend. The ex-dividend date of this dividend was Monday, March 31st. This represents a $0.44 dividend on an annualized basis and a yield of 0.46%. Veralto's dividend payout ratio is currently 13.17%.

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.