Arizona State Retirement System Has $7.31 Million Stock Position in Veralto Co. (NYSE:VLTO)

Arizona State Retirement System grew its holdings in shares of Veralto Co. (NYSE:VLTO) by 1.5% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 71,772 shares of the company’s stock after acquiring an additional 1,051 shares during the period. Arizona State Retirement System’s holdings in Veralto were worth $7,310,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of VLTO. PEAK6 Investments LLC lifted its holdings in Veralto by 246.3% during the 3rd quarter. PEAK6 Investments LLC now owns 8,733 shares of the company’s stock worth $977,000 after buying an additional 6,211 shares during the period. Nordea Investment Management AB raised its position in shares of Veralto by 34.6% during the fourth quarter. Nordea Investment Management AB now owns 3,923,747 shares of the company’s stock worth $400,928,000 after acquiring an additional 1,009,170 shares during the last quarter. Park Avenue Securities LLC raised its position in shares of Veralto by 18.4% during the fourth quarter. Park Avenue Securities LLC now owns 17,228 shares of the company’s stock worth $1,755,000 after acquiring an additional 2,676 shares during the last quarter. The Manufacturers Life Insurance Company lifted its stake in shares of Veralto by 10.2% in the third quarter. The Manufacturers Life Insurance Company now owns 163,227 shares of the company’s stock worth $18,259,000 after acquiring an additional 15,048 shares during the period. Finally, Czech National Bank boosted its holdings in Veralto by 6.5% in the fourth quarter. Czech National Bank now owns 53,622 shares of the company’s stock valued at $5,461,000 after acquiring an additional 3,284 shares during the last quarter. Institutional investors and hedge funds own 91.28% of the company’s stock.

Veralto Price Performance

VLTO stock opened at $100.16 on Friday. Veralto Co. has a 1 year low of $85.90 and a 1 year high of $115.00. The stock has a market capitalization of $24.79 billion, a PE ratio of 29.99, a price-to-earnings-growth ratio of 4.24 and a beta of 1.11. The company’s 50-day moving average is $100.69 and its 200-day moving average is $105.37. The company has a debt-to-equity ratio of 1.27, a current ratio of 1.92 and a quick ratio of 1.69.

Veralto (NYSE:VLTO) last announced its quarterly earnings results on Tuesday, February 4th. The company reported $0.95 earnings per share (EPS) for the quarter, topping the consensus estimate 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 expect that Veralto Co. will post 3.66 EPS for the current fiscal year.

Veralto Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Monday, March 31st will be issued a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a dividend yield of 0.44%. The ex-dividend date is Monday, March 31st. Veralto’s dividend payout ratio is currently 13.17%.

Analyst Ratings Changes

Several research firms have issued reports on VLTO. Citigroup lowered their price target on shares of Veralto from $118.00 to $116.00 and set a “neutral” rating for the company in a report on Monday, January 13th. Jefferies Financial Group began coverage on shares of Veralto in a research note on Thursday, December 12th. They set a “buy” rating and a $125.00 target price for the company. Royal Bank of Canada cut their price target on shares of Veralto from $111.00 to $110.00 and set a “sector perform” rating on the stock in a research report on Thursday, February 6th. Finally, Stifel Nicolaus decreased their price target on Veralto from $116.00 to $110.00 and set a “buy” rating for the company in a report on Thursday, February 6th. Six investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $112.55.

Insider Transactions at Veralto

In other Veralto news, CEO Jennifer Honeycutt sold 10,414 shares of the firm’s stock in a transaction on Tuesday, February 25th. The stock was sold at an average price of $100.35, for a total transaction 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Melissa Aquino sold 463 shares of Veralto stock in a transaction on Tuesday, February 11th. The stock was sold at an average price of $99.60, for a total transaction of $46,114.80. Following the transaction, the senior vice president now directly owns 20,761 shares in the company, valued at $2,067,795.60. This represents a 2.18 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 11,467 shares of company stock valued at $1,150,366 over the last three months. Corporate insiders own 0.31% of the company’s stock.

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.