The latest news for
Veralto Corporation (VLTO) indicates high investor interest as
Principal Financial Group Inc., among other firms, have increased their shareholdings. Given the
22% dividend boost and a significant
96% institutional ownership, this is not unexpected. The purchase of the water solutions company,
TraceGains and an investment in
Axine Water Technologies, strengthen Veralto’s position in the clean tech sector. Furthermore, strong financial performances, with
Q3 results in line with projections and predicted growth, have contributed to the firm’s positive market performance. Concerns are, however, raised about the company's
capital allocation trends and its over-reliance on premium multiples for its premium business. News of insider selling by Bernard Skeete and
CEO Jennifer Honeycutt has paused some investor enthusiasm as well.
Veralto Corporation VLTO News Analytics from Tue, 13 Feb 2024 08:00:00 GMT to Sat, 21 Dec 2024 10:59:03 GMT -
Rating 7
- Innovation 3
- Information 8
- Rumor -2
