Mitsubishi UFJ Asset Management Co. Ltd. Purchases 47,486 Shares of Veralto Co. (NYSE:VLTO)

Mitsubishi UFJ Asset Management Co. Ltd. lifted its position in shares of Veralto Co. (NYSE:VLTO) by 13.7% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 393,303 shares of the company’s stock after buying an additional 47,486 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. owned about 0.16% of Veralto worth $39,645,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of VLTO. Savant Capital LLC raised its stake in shares of Veralto by 0.5% during the fourth quarter. Savant Capital LLC now owns 20,177 shares of the company’s stock worth $2,055,000 after acquiring an additional 98 shares in the last quarter. Allworth Financial LP grew its holdings in shares of Veralto by 19.4% during the 4th quarter. Allworth Financial LP now owns 622 shares of the company’s stock valued at $64,000 after purchasing an additional 101 shares during the last quarter. Insigneo Advisory Services LLC grew its holdings in shares of Veralto by 1.8% during the 3rd quarter. Insigneo Advisory Services LLC now owns 5,767 shares of the company’s stock valued at $645,000 after purchasing an additional 103 shares during the last quarter. Quent Capital LLC raised its position in Veralto by 17.3% in the 4th quarter. Quent Capital LLC now owns 699 shares of the company’s stock worth $71,000 after purchasing an additional 103 shares during the period. Finally, Raleigh Capital Management Inc. lifted its stake in Veralto by 35.3% in the fourth quarter. Raleigh Capital Management Inc. now owns 418 shares of the company’s stock worth $43,000 after purchasing an additional 109 shares during the last quarter. Institutional investors own 91.28% of the company’s stock.

Veralto Stock Performance

Shares of VLTO stock opened at $95.97 on Friday. The company has a quick ratio of 1.69, a current ratio of 1.92 and a debt-to-equity ratio of 1.27. The stock has a fifty day moving average of $99.48 and a 200 day moving average of $103.97. The firm has a market capitalization of $23.76 billion, a price-to-earnings ratio of 28.73, a PEG ratio of 4.24 and a beta of 1.11. Veralto Co. has a 52 week low of $85.91 and a 52 week high of $115.00.

Veralto (NYSE:VLTO) last posted its earnings results on Tuesday, February 4th. The company reported $0.95 EPS for the quarter, topping the consensus estimate of $0.90 by $0.05. Veralto had a net margin of 16.04% and a return on equity of 49.29%. As a group, research analysts expect that Veralto Co. will post 3.66 earnings per share for the current year.

Veralto Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Monday, March 31st will be issued a dividend of $0.11 per share. The ex-dividend date is Monday, March 31st. This represents a $0.44 dividend on an annualized basis and a dividend yield of 0.46%. Veralto’s dividend payout ratio (DPR) is 13.17%.

Insider Transactions at Veralto

In other Veralto news, SVP Melissa Aquino sold 463 shares of the firm’s stock in a transaction that occurred on Tuesday, February 11th. The shares were sold at an average price of $99.60, for a total transaction of $46,114.80. Following the completion of the transaction, the senior vice president now owns 20,761 shares of the company’s stock, valued at approximately $2,067,795.60. This trade represents a 2.18 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Jennifer Honeycutt sold 10,414 shares of the business’s stock in a transaction that occurred on Monday, March 24th. The stock was sold at an average price of $98.56, for a total value of $1,026,403.84. Following the completion of the sale, the chief executive officer now directly owns 116,637 shares in the company, valued at approximately $11,495,742.72. This represents a 8.20 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 21,881 shares of company stock valued at $2,176,770. Corporate insiders own 0.31% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on VLTO. Jefferies Financial Group initiated coverage on Veralto in a research note on Thursday, December 12th. They set a “buy” rating and a $125.00 price objective on the stock. Stifel Nicolaus decreased their price target on Veralto from $116.00 to $110.00 and set a “buy” rating on the stock in a research note on Thursday, February 6th. Royal Bank of Canada dropped their price objective on Veralto from $111.00 to $110.00 and set a “sector perform” rating for the company in a research note on Thursday, February 6th. Finally, Citigroup decreased their target price on shares of Veralto from $118.00 to $116.00 and set a “neutral” rating on the stock in a research note on Monday, January 13th. Six equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $113.50.

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.