Mediolanum International Funds Ltd Grows Position in Veralto Co. (NYSE:VLTO)

Mediolanum International Funds Ltd increased its position in Veralto Co. (NYSE:VLTO) by 61.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 132,142 shares of the company’s stock after purchasing an additional 50,460 shares during the period. Mediolanum International Funds Ltd owned 0.05% of Veralto worth $13,447,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. 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 worth $400,928,000 after purchasing an additional 1,009,170 shares in the last quarter. State Street Corp raised its stake in Veralto by 9.8% during the third quarter. State Street Corp now owns 9,599,499 shares of the company’s stock valued at $1,074,654,000 after buying an additional 860,608 shares during the last quarter. Principal Financial Group Inc. raised its stake in Veralto by 207.2% during the third quarter. Principal Financial Group Inc. now owns 1,122,898 shares of the company’s stock valued at $125,608,000 after buying an additional 757,389 shares during the last quarter. Geode Capital Management LLC grew its stake in shares of Veralto by 10.5% in the third 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 last quarter. Finally, Robeco Institutional Asset Management B.V. increased its holdings in shares of Veralto by 628.4% during the fourth quarter. Robeco Institutional Asset Management B.V. now owns 579,261 shares of the company’s stock valued at $58,998,000 after acquiring an additional 499,735 shares in the last quarter. Institutional investors own 91.28% of the company’s stock.

Veralto Stock Down 0.3 %

VLTO stock opened at $103.49 on Friday. The business’s 50-day moving average is $103.88 and its two-hundred day moving average is $106.20. The company has a market cap of $25.59 billion, a price-to-earnings ratio of 31.94, a P/E/G ratio of 4.32 and a beta of 1.06. Veralto Co. has a fifty-two week low of $75.05 and a fifty-two week high of $115.00. The company has a debt-to-equity ratio of 1.35, a quick ratio of 1.87 and a current ratio of 2.13.

Veralto Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 31st. Investors of record on Tuesday, December 31st were issued a $0.11 dividend. This is an increase from Veralto’s previous quarterly dividend of $0.09. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $0.44 dividend on an annualized basis and a dividend yield of 0.43%. Veralto’s dividend payout ratio (DPR) is presently 13.58%.

Analysts Set New Price Targets

VLTO has been the topic of a number of analyst reports. Royal Bank of Canada upped their price target on shares of Veralto from $108.00 to $111.00 and gave the stock a “sector perform” rating in a research note on Friday, October 25th. Jefferies Financial Group started coverage on shares of Veralto in a report on Thursday, December 12th. They set a “buy” rating and a $125.00 price target on the stock. Citigroup decreased their price objective 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. Finally, Stifel Nicolaus reduced their target price on Veralto from $117.00 to $116.00 and set a “buy” rating for the company in a report on Friday, January 24th. Six investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average 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.