Veralto Corporation $VLTO Shares Bought by New York State Common Retirement Fund

New York State Common Retirement Fund boosted its holdings in shares of Veralto Corporation (NYSE:VLTO) by 3.6% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 258,672 shares of the company’s stock after purchasing an additional 8,973 shares during the quarter. New York State Common Retirement Fund’s holdings in Veralto were worth $27,577,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also made changes to their positions in the business. Harbor Asset Planning Inc. purchased a new position in shares of Veralto during the second quarter worth $26,000. Root Financial Partners LLC purchased a new stake in Veralto in the third quarter valued at $27,000. Loomis Sayles & Co. L P acquired a new stake in Veralto during the 2nd quarter worth about $28,000. True Wealth Design LLC raised its stake in shares of Veralto by 852.9% during the 3rd quarter. True Wealth Design LLC now owns 324 shares of the company’s stock valued at $35,000 after buying an additional 290 shares during the last quarter. Finally, Headlands Technologies LLC acquired a new position in shares of Veralto in the 2nd quarter valued at about $44,000. 91.28% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms recently commented on VLTO. Royal Bank Of Canada raised their target price on Veralto from $108.00 to $111.00 and gave the stock a “sector perform” rating in a report on Thursday, October 30th. BMO Capital Markets dropped their price objective on shares of Veralto from $123.00 to $114.00 and set an “outperform” rating on the stock in a research note on Tuesday, November 25th. Weiss Ratings cut shares of Veralto from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday, December 31st. Barclays increased their price target on shares of Veralto from $119.00 to $121.00 and gave the stock an “overweight” rating in a report on Thursday, October 30th. Finally, UBS Group raised their price target on shares of Veralto from $110.00 to $112.00 and gave the company a “neutral” rating in a research report on Wednesday, November 5th. Five research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. Based on data from MarketBeat, Veralto has an average rating of “Hold” and an average target price of $112.89.

Insider Transactions at Veralto

In other news, SVP Mattias Bystrom sold 1,000 shares of Veralto stock in a transaction dated Monday, December 1st. The shares were sold at an average price of $101.73, for a total value of $101,730.00. Following the sale, the senior vice president owned 31,430 shares in the company, valued at $3,197,373.90. This trade represents a 3.08% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.36% of the stock is currently owned by insiders.

Veralto Trading Up 0.2%

Shares of VLTO stock opened at $98.89 on Friday. Veralto Corporation has a 1-year low of $83.86 and a 1-year high of $110.11. The company has a market cap of $24.55 billion, a price-to-earnings ratio of 27.09, a PEG ratio of 2.81 and a beta of 0.88. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.57 and a quick ratio of 1.40. The stock has a 50 day simple moving average of $100.88 and a 200-day simple moving average of $103.01.

Veralto Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 30th. Shareholders of record on Wednesday, December 31st were given a dividend of $0.13 per share. This is a boost from Veralto’s previous quarterly dividend of $0.11. This represents a $0.52 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date was Wednesday, December 31st. Veralto’s dividend payout ratio (DPR) is currently 14.25%.

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. This segment provides water solutions, including chemical reagents, services, and digital solutions.