Veralto Corporation $VLTO Shares Bought by Mediolanum International Funds Ltd

Mediolanum International Funds Ltd grew its stake in Veralto Corporation (NYSE:VLTO) by 9.8% during the third quarter, HoldingsChannel reports. The firm owned 56,478 shares of the company’s stock after purchasing an additional 5,061 shares during the quarter. Mediolanum International Funds Ltd’s holdings in Veralto were worth $5,935,000 as of its most recent filing with the Securities and Exchange Commission.

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

Insider Activity at Veralto

In other news, SVP Mattias Bystrom sold 1,000 shares of the stock in a transaction that occurred on 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 directly owned 31,430 shares in the company, valued at $3,197,373.90. This represents a 3.08% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.36% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on VLTO shares. Citigroup cut their target price on Veralto from $112.00 to $111.00 and set a “neutral” rating for the company in a research note on Thursday, October 30th. Barclays increased their price objective on Veralto from $119.00 to $121.00 and gave the stock an “overweight” rating in a research report on Thursday, October 30th. Weiss Ratings lowered shares of Veralto from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday, December 31st. Jefferies Financial Group reiterated a “hold” rating and issued a $105.00 price target (down previously from $125.00) on shares of Veralto in a report on Wednesday, December 10th. Finally, UBS Group raised their price objective on shares of Veralto from $110.00 to $112.00 and gave the company a “neutral” rating in a research note on Wednesday, November 5th. Five investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $112.89.

Veralto Trading Up 2.5%

Shares of VLTO stock opened at $101.45 on Tuesday. The stock has a market cap of $25.19 billion, a P/E ratio of 27.79, a P/E/G ratio of 2.82 and a beta of 0.89. The company has a quick ratio of 1.40, a current ratio of 1.57 and a debt-to-equity ratio of 0.69. Veralto Corporation has a fifty-two week low of $83.86 and a fifty-two week high of $110.11. The business has a fifty day simple moving average of $100.95 and a 200-day simple moving average of $103.02.

Veralto Increases Dividend

The firm also recently announced 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. The ex-dividend date was Wednesday, December 31st. This is an increase 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%. Veralto’s dividend payout ratio (DPR) is presently 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.