DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main Has $1.73 Million Holdings in Veralto Co. (NYSE:VLTO)

DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main lessened its stake in Veralto Co. (NYSE:VLTO - Free Report) by 44.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 17,000 shares of the company's stock after selling 13,830 shares during the period. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main's holdings in Veralto were worth $1,731,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in VLTO. EP Wealth Advisors LLC acquired a new position in Veralto in the fourth quarter worth $232,000. Colonial Trust Co SC boosted its holdings in Veralto by 1,022.7% in the fourth quarter. Colonial Trust Co SC now owns 1,336 shares of the company's stock worth $136,000 after purchasing an additional 1,217 shares during the period. CoreCommodity Management LLC boosted its holdings in Veralto by 67.0% in the fourth quarter. CoreCommodity Management LLC now owns 39,570 shares of the company's stock worth $4,030,000 after purchasing an additional 15,876 shares during the period. Cetera Investment Advisers boosted its holdings in Veralto by 6.0% in the fourth quarter. Cetera Investment Advisers now owns 54,334 shares of the company's stock worth $5,534,000 after purchasing an additional 3,071 shares during the period. Finally, Centiva Capital LP acquired a new position in Veralto in the fourth quarter worth $650,000. Institutional investors own 91.28% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts have commented on VLTO shares. Royal Bank of Canada lifted their price objective on shares of Veralto from $103.00 to $104.00 and gave the stock a "sector perform" rating in a report on Thursday, May 1st. Northcoast Research assumed coverage on Veralto in a research note on Tuesday, May 6th. They issued a "buy" rating and a $110.00 target price on the stock. Stifel Nicolaus boosted their price target on shares of Veralto from $102.00 to $104.00 and gave the company a "buy" rating in a report on Thursday, May 1st. Citigroup dropped their price objective on shares of Veralto from $116.00 to $100.00 and set a "neutral" rating on the stock in a report on Monday, April 14th. Finally, Robert W. Baird boosted their target price on shares of Veralto from $105.00 to $106.00 and gave the company a "neutral" rating in a research note on Thursday, May 1st. Six analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $110.09.

Insider Activity at Veralto

In other news, SVP Surekha Trivedi sold 590 shares of the stock in a transaction on Tuesday, February 25th. The stock was sold at an average price of $100.35, for a total transaction of $59,206.50. Following the completion of the sale, the senior vice president now owns 8,470 shares in the company, valued at approximately $849,964.50. This represents a 6.51% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Melissa Aquino sold 31,689 shares of the firm's stock in a transaction on Thursday, May 1st. The stock was sold at an average price of $93.67, for a total value of $2,968,308.63. Following the sale, the senior vice president now directly owns 17,434 shares of the company's stock, valued at approximately $1,633,042.78. This represents a 64.51% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 66,615 shares of company stock worth $6,395,833 over the last ninety days. 0.36% of the stock is currently owned by corporate insiders.

Veralto Stock Performance

Shares of NYSE VLTO traded down $0.45 during midday trading on Wednesday, reaching $99.80. 1,482,172 shares of the company traded hands, compared to its average volume of 1,486,400. Veralto Co. has a 52 week low of $83.87 and a 52 week high of $115.00. The stock has a 50-day moving average price of $94.30 and a 200 day moving average price of $99.72. The company has a debt-to-equity ratio of 1.27, a current ratio of 1.92 and a quick ratio of 1.69. The company has a market cap of $24.74 billion, a price-to-earnings ratio of 29.88, a PEG ratio of 4.24 and a beta of 0.99.

Veralto (NYSE:VLTO - Get Free Report) last issued its quarterly earnings data on Tuesday, April 29th. The company reported $0.95 earnings per share for the quarter, beating analysts' consensus estimates of $0.87 by $0.08. Veralto had a net margin of 16.04% and a return on equity of 49.29%. The business had revenue of $1.33 billion for the quarter, compared to analysts' expectations of $1.28 billion. During the same period in the previous year, the business earned $0.84 earnings per share. The company's revenue was up 6.9% on a year-over-year basis. Sell-side analysts anticipate that Veralto Co. will post 3.66 earnings per share for the current fiscal year.

Veralto Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 30th. Investors of record on Monday, March 31st were paid a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a dividend yield of 0.44%. The ex-dividend date of this dividend was Monday, March 31st. Veralto's dividend payout ratio is currently 12.57%.

Veralto 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.