Robeco Institutional Asset Management B.V. Raises Stake in Veralto Co. (NYSE:VLTO)

Robeco Institutional Asset Management B.V. boosted its stake in shares of Veralto Co. (NYSE:VLTO) by 628.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 579,261 shares of the company’s stock after acquiring an additional 499,735 shares during the quarter. Robeco Institutional Asset Management B.V. owned 0.23% of Veralto worth $58,998,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in VLTO. Brown Brothers Harriman & Co. lifted its holdings in Veralto by 2.6% during the third quarter. Brown Brothers Harriman & Co. now owns 3,851 shares of the company’s stock valued at $431,000 after purchasing an additional 99 shares in the last quarter. Tokio Marine Asset Management Co. Ltd. raised its position in shares of Veralto by 1.4% during the 3rd quarter. Tokio Marine Asset Management Co. Ltd. now owns 7,338 shares of the company’s stock valued at $821,000 after buying an additional 100 shares during the period. Strategic Blueprint LLC lifted its position in Veralto by 4.5% in the third quarter. Strategic Blueprint LLC now owns 2,394 shares of the company’s stock valued at $268,000 after buying an additional 102 shares during the last quarter. Insigneo Advisory Services LLC lifted its stake in Veralto by 1.8% during the third quarter. Insigneo Advisory Services LLC now owns 5,767 shares of the company’s stock worth $645,000 after purchasing an additional 103 shares in the last quarter. Finally, Graypoint LLC boosted its stake in shares of Veralto by 2.4% in the third quarter. Graypoint LLC now owns 4,514 shares of the company’s stock valued at $505,000 after purchasing an additional 107 shares during the period. Hedge funds and other institutional investors own 91.28% of the company’s stock.

Veralto Trading Down 0.6 %

NYSE:VLTO opened at $102.81 on Thursday. The company has a debt-to-equity ratio of 1.35, a current ratio of 2.13 and a quick ratio of 1.87. Veralto Co. has a 12 month low of $75.05 and a 12 month high of $115.00. The business’s 50-day moving average is $103.97 and its two-hundred day moving average is $106.24. The firm has a market capitalization of $25.42 billion, a PE ratio of 31.73, a price-to-earnings-growth ratio of 4.31 and a beta of 1.06.

Veralto Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Tuesday, December 31st will be paid 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 annualized dividend and a dividend yield of 0.43%. Veralto’s dividend payout ratio (DPR) is currently 13.58%.

Insider Buying and Selling

In other Veralto news, SVP Surekha Trivedi sold 752 shares of Veralto stock in a transaction that occurred on Friday, November 1st. The stock was sold at an average price of $102.91, for a total value of $77,388.32. Following the completion of the transaction, the senior vice president now directly owns 10,413 shares in the company, valued at $1,071,601.83. The trade was a 6.74 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 0.31% of the company’s stock.

Wall Street Analysts Forecast Growth

VLTO has been the subject of several analyst reports. Royal Bank of Canada boosted their price target 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. Citigroup dropped 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 target price on Veralto from $117.00 to $116.00 and set a “buy” rating on the stock in a research report on Friday, January 24th. Finally, Jefferies Financial Group began coverage on Veralto in a research report on Thursday, December 12th. They set a “buy” rating and a $125.00 price objective for the company. Six equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, Veralto has a consensus rating of “Hold” and a consensus target price of $113.18.

About Veralto

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.