Mutual of America Capital Management LLC Has $5.73 Million Stock Position in Veralto Co. (NYSE:VLTO)

Mutual of America Capital Management LLC decreased its stake in Veralto Co. (NYSE:VLTO) by 5.5% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 56,229 shares of the company’s stock after selling 3,272 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Veralto were worth $5,727,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of VLTO. Nordea Investment Management AB boosted 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. State Street Corp boosted its position in Veralto by 9.8% during the 3rd quarter. State Street Corp now owns 9,599,499 shares of the company’s stock worth $1,074,654,000 after acquiring an additional 860,608 shares during the period. Principal Financial Group Inc. boosted its position 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 acquiring an additional 757,389 shares during the period. Geode Capital Management LLC boosted its position in Veralto by 10.5% during the 3rd quarter. Geode Capital Management LLC now owns 5,868,620 shares of the company’s stock worth $654,232,000 after acquiring an additional 558,393 shares during the period. Finally, Robeco Institutional Asset Management B.V. boosted its position in Veralto by 628.4% during the 4th quarter. Robeco Institutional Asset Management B.V. now owns 579,261 shares of the company’s stock worth $58,998,000 after acquiring an additional 499,735 shares during the period. Institutional investors and hedge funds own 91.28% of the company’s stock.

Insider Activity at Veralto

In other Veralto news, CEO Jennifer Honeycutt sold 10,414 shares of Veralto stock in a transaction that occurred on Tuesday, February 25th. The stock was 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 of the company’s stock, valued at $10,486,173.60. The trade was a 9.06 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, SVP Surekha Trivedi sold 590 shares of Veralto stock in a transaction that occurred on Tuesday, February 25th. The stock was sold at an average price of $100.35, for a total value of $59,206.50. Following the completion of the transaction, the senior vice president now directly owns 8,470 shares in the company, valued at approximately $849,964.50. This represents a 6.51 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 11,467 shares of company stock valued at $1,150,366. Corporate insiders own 0.31% of the company’s stock.

Analysts Set New Price Targets

VLTO has been the subject of a number of research reports. Citigroup decreased their price objective on Veralto from $118.00 to $116.00 and set a “neutral” rating for the company in a research report on Monday, January 13th. Jefferies Financial Group initiated 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. Stifel Nicolaus decreased their price objective on Veralto from $116.00 to $110.00 and set a “buy” rating for the company in a research report on Thursday, February 6th. Finally, Royal Bank of Canada decreased their price objective on Veralto from $111.00 to $110.00 and set a “sector perform” rating for the company in a research report on Thursday, February 6th. Six investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $112.55.

Veralto Price Performance

VLTO opened at $99.76 on Tuesday. Veralto Co. has a fifty-two week low of $85.90 and a fifty-two week high of $115.00. The business has a 50-day moving average of $101.06 and a 200-day moving average of $105.60. The company has a debt-to-equity ratio of 1.27, a current ratio of 1.92 and a quick ratio of 1.69. The company has a market capitalization of $24.70 billion, a PE ratio of 29.87, a price-to-earnings-growth ratio of 4.24 and a beta of 1.06.

Veralto (NYSE:VLTO) last issued its quarterly earnings data on Tuesday, February 4th. The company reported $0.95 earnings per share for the quarter, beating analysts’ consensus estimates of $0.90 by $0.05. Veralto had a return on equity of 49.29% and a net margin of 16.04%. Equities research analysts forecast that Veralto Co. will post 3.66 EPS for the current fiscal year.

Veralto Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 31st. Investors of record on Tuesday, December 31st were paid a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a dividend yield of 0.44%. This is an increase from Veralto’s previous quarterly dividend of $0.09. The ex-dividend date was Tuesday, December 31st. Veralto’s dividend payout ratio (DPR) is presently 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.