In a remarkable year, Veralto Corporation (VLTO) has seen its stock rise by a steady 30%. Major investments have been made by Diversified Trust Co and Nordea Investment Management AB, accounting for a new $1.53 million investment and acquisition of 1,009,170 shares respectively. Veralto also outperformed the market on various days, despite occasional underperformance.
Strategic investments were made in Axine Water Technologies indicating a significant venture into clean tech. It also successfully acquired TraceGains. In terms of shareholding, Veralto increased its quarterly dividend by 22% boosting shareholder returns. Everence Capital Management Inc., however, reduced its stake in the company. Veralto has managed to maintain 96% institutional ownership.
Q3 2024 earnings met projections, but investor sentiment seems divided with some insider selling, while JP Morgan Chase & Co. increased its holdings. The environmental and facility services stock’s quarter earnings align with the industry averages. Veralto also proposed Vijay Sankaran to its Board of Directors.
Veralto Corporation VLTO News Analytics from Fri, 25 Aug 2023 21:24:16 GMT to Fri, 10 Jan 2025 17:12:00 GMT - Rating 6 - Innovation 5 - Information 7 - Rumor 2
