Mesirow Financial Investment Management Inc. Has $304,000 Stock Position in Veralto Co. (NYSE:VLTO)

Mesirow Financial Investment Management Inc. lowered its stake in Veralto Co. (NYSE:VLTO) by 50.4% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 2,984 shares of the company’s stock after selling 3,032 shares during the quarter. Mesirow Financial Investment Management Inc.’s holdings in Veralto were worth $304,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in VLTO. Nordea Investment Management AB lifted its stake 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 valued at $400,928,000 after purchasing an additional 1,009,170 shares during the period. State Street Corp raised its stake in Veralto by 9.8% during the 3rd quarter. State Street Corp now owns 9,599,499 shares of the company’s stock worth $1,074,654,000 after buying an additional 860,608 shares during the period. Principal Financial Group Inc. raised its stake in Veralto by 207.2% during the 3rd quarter. Principal Financial Group Inc. now owns 1,122,898 shares of the company’s stock worth $125,608,000 after buying an additional 757,389 shares during the period. Geode Capital Management LLC raised its stake in Veralto by 10.5% during the 3rd quarter. Geode Capital Management LLC now owns 5,868,620 shares of the company’s stock worth $654,232,000 after buying an additional 558,393 shares during the period. Finally, Raymond James Financial Inc. acquired a new stake in Veralto during the 4th quarter worth $51,986,000. Institutional investors and hedge funds own 91.28% of the company’s stock.

Insider Activity

In related news, SVP Melissa Aquino sold 463 shares of the firm’s stock in a transaction dated 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 sale, 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 position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Jennifer Honeycutt sold 10,414 shares of the firm’s stock in a transaction dated Tuesday, February 25th. The shares were sold at an average price of $100.35, for a total transaction of $1,045,044.90. Following the completion of the sale, the chief executive officer now owns 104,496 shares of the company’s stock, valued at $10,486,173.60. This trade represents a 9.06 % 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 in the last quarter. Corporate insiders own 0.31% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently commented on the company. Stifel Nicolaus dropped their price objective 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 on the stock in a research note on Thursday, February 6th. Citigroup dropped their price objective on Veralto from $118.00 to $116.00 and set a “neutral” rating on the stock in a research note on Monday, January 13th. Finally, Jefferies Financial Group assumed coverage on Veralto in a report on Thursday, December 12th. They set a “buy” rating and a $125.00 target price for the company. Six analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat, Veralto presently has an average rating of “Hold” and an average target price of $112.55.

Veralto Price Performance

Shares of NYSE VLTO opened at $100.16 on Monday. The stock has a market capitalization of $24.79 billion, a price-to-earnings ratio of 29.99, a PEG ratio of 4.24 and a beta of 1.11. The business has a 50-day moving average of $100.69 and a 200-day moving average of $105.31. The company has a debt-to-equity ratio of 1.27, a current ratio of 1.92 and a quick ratio of 1.69. Veralto Co. has a fifty-two week low of $85.90 and a fifty-two week high of $115.00.

Veralto (NYSE:VLTO) last announced its quarterly earnings data on Tuesday, February 4th. The company reported $0.95 earnings per share for the quarter, beating the consensus estimate of $0.90 by $0.05. Veralto had a return on equity of 49.29% and a net margin of 16.04%. As a group, sell-side analysts predict that Veralto Co. will post 3.66 earnings per share for the current fiscal year.

Veralto Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Monday, March 31st will be issued a $0.11 dividend. This represents a $0.44 annualized dividend and a dividend yield of 0.44%. The ex-dividend date is Monday, March 31st. Veralto’s payout ratio is 13.17%.

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.