Royal London Asset Management Ltd. Has $13 Million Stock Holdings in Veralto Co. (NYSE:VLTO)

Royal London Asset Management Ltd. decreased its holdings in shares of Veralto Co. (NYSE:VLTO) by 0.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 127,663 shares of the company’s stock after selling 1,014 shares during the period. Royal London Asset Management Ltd.’s holdings in Veralto were worth $13,002,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Vinva Investment Management Ltd purchased a new stake in shares of Veralto in the fourth quarter valued at about $1,034,000. Xponance Inc. raised its holdings in shares of Veralto by 3.2% in the fourth quarter. Xponance Inc. now owns 45,950 shares of the company’s stock valued at $4,680,000 after purchasing an additional 1,442 shares during the last quarter. Generali Asset Management SPA SGR purchased a new stake in shares of Veralto in the fourth quarter valued at about $3,172,000. William Blair Investment Management LLC raised its holdings in shares of Veralto by 24.0% in the fourth quarter. William Blair Investment Management LLC now owns 10,660 shares of the company’s stock valued at $1,086,000 after purchasing an additional 2,065 shares during the last quarter. Finally, Terra Alpha Investments LLC purchased a new stake in shares of Veralto in the fourth quarter valued at about $1,867,000. Institutional investors and hedge funds own 91.28% of the company’s stock.

Veralto Price Performance

Shares of NYSE:VLTO opened at $97.56 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 firm has a market capitalization of $24.15 billion, a PE ratio of 29.21, a P/E/G ratio of 4.24 and a beta of 1.11. Veralto Co. has a twelve month low of $85.91 and a twelve month high of $115.00. The company has a 50-day moving average price of $99.98 and a two-hundred day moving average price of $104.40.

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

Veralto Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Monday, March 31st will be given a dividend of $0.11 per share. The ex-dividend date of this dividend is Monday, March 31st. This represents a $0.44 dividend on an annualized basis and a yield of 0.45%. Veralto’s dividend payout ratio is presently 13.17%.

Insiders Place Their Bets

In other 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 value of $46,114.80. Following the completion of the transaction, the senior vice president now directly owns 20,761 shares in the company, valued at approximately $2,067,795.60. This trade represents a 2.18 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Surekha Trivedi sold 590 shares of the firm’s stock in a transaction that occurred on Tuesday, February 25th. The shares were sold at an average price of $100.35, for a total transaction of $59,206.50. Following the completion of the transaction, the senior vice president now owns 8,470 shares of the company’s stock, valued at $849,964.50. This trade represents a 6.51 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 11,467 shares of company stock worth $1,150,366 over the last quarter. 0.31% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on VLTO. Stifel Nicolaus lowered their target price on shares of Veralto from $116.00 to $110.00 and set a “buy” rating for the company in a report on Thursday, February 6th. Royal Bank of Canada lowered their target price on shares of Veralto from $111.00 to $110.00 and set a “sector perform” rating for the company in a report on Thursday, February 6th. 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 objective for the company. Finally, 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. Six investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $113.50.

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.