New York State Common Retirement Fund Acquires 8,973 Shares of Veralto Corporation $VLTO

New York State Common Retirement Fund lifted its holdings in Veralto Corporation (NYSE:VLTO) by 3.6% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 258,672 shares of the company’s stock after purchasing an additional 8,973 shares during the period. New York State Common Retirement Fund owned about 0.10% of Veralto worth $27,577,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. lifted its holdings in Veralto by 1.6% during the second quarter. Vanguard Group Inc. now owns 30,206,111 shares of the company’s stock worth $3,049,307,000 after buying an additional 468,641 shares during the period. State Street Corp lifted its stake in shares of Veralto by 1.9% during the 2nd quarter. State Street Corp now owns 10,257,956 shares of the company’s stock worth $1,036,653,000 after purchasing an additional 192,139 shares during the last quarter. Norges Bank bought a new stake in Veralto during the second quarter valued at about $264,150,000. Hsbc Holdings PLC boosted its position in Veralto by 46.0% during the second quarter. Hsbc Holdings PLC now owns 1,702,096 shares of the company’s stock valued at $171,800,000 after purchasing an additional 536,299 shares in the last quarter. Finally, Champlain Investment Partners LLC grew its stake in Veralto by 1.7% in the second quarter. Champlain Investment Partners LLC now owns 1,586,887 shares of the company’s stock valued at $160,196,000 after purchasing an additional 27,232 shares during the last quarter. 91.28% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several analysts have commented on the stock. Citigroup decreased their price target on shares of Veralto from $112.00 to $111.00 and set a “neutral” rating for the company in a research report on Thursday, October 30th. Barclays boosted their price objective on shares of Veralto from $119.00 to $121.00 and gave the stock an “overweight” rating in a research note on Thursday, October 30th. UBS Group lifted their price target on shares of Veralto from $110.00 to $112.00 and gave the stock a “neutral” rating in a report on Wednesday, November 5th. Royal Bank Of Canada increased their price objective on Veralto from $108.00 to $111.00 and gave the company a “sector perform” rating in a report on Thursday, October 30th. Finally, BMO Capital Markets lowered their price objective on Veralto from $123.00 to $114.00 and set an “outperform” rating for the company in a research report on Tuesday, November 25th. Five investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $112.89.

Insider Buying and Selling

In other Veralto news, SVP Mattias Bystrom sold 1,000 shares of the business’s stock in a transaction dated Monday, December 1st. The stock was sold at an average price of $101.73, for a total transaction of $101,730.00. Following the sale, the senior vice president owned 31,430 shares in the company, valued at approximately $3,197,373.90. The trade was a 3.08% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.36% of the company’s stock.

Veralto Trading Up 0.2%

Shares of Veralto stock opened at $98.89 on Friday. The firm’s 50 day simple moving average is $100.88 and its two-hundred day simple moving average is $103.01. The firm has a market capitalization of $24.55 billion, a price-to-earnings ratio of 27.09, a PEG ratio of 2.81 and a beta of 0.88. Veralto Corporation has a 12-month low of $83.86 and a 12-month high of $110.11. The company has a current ratio of 1.57, a quick ratio of 1.40 and a debt-to-equity ratio of 0.69.

Veralto Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, January 30th. Investors of record on Wednesday, December 31st were paid a $0.13 dividend. This is a positive change from Veralto’s previous quarterly dividend of $0.11. The ex-dividend date was Wednesday, December 31st. This represents a $0.52 dividend on an annualized basis and a yield of 0.5%. Veralto’s dividend payout ratio (DPR) is 14.25%.

Veralto Company 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.