Raiffeisen Bank International AG Invests $382,000 in Veralto Co. (NYSE:VLTO)

Raiffeisen Bank International AG acquired a new position in shares of Veralto Co. (NYSE:VLTO - Free Report) in the 4th quarter, according to the company in its most recent filing with the SEC. The fund acquired 3,742 shares of the company's stock, valued at approximately $382,000.

A number of other hedge funds and other institutional investors also recently bought and sold shares of VLTO. ProShare Advisors LLC increased its position in shares of Veralto by 14.4% during the fourth quarter. ProShare Advisors LLC now owns 35,810 shares of the company's stock worth $3,647,000 after purchasing an additional 4,507 shares in the last quarter. Quantinno Capital Management LP grew its stake in Veralto by 12.6% during the 4th quarter. Quantinno Capital Management LP now owns 50,078 shares of the company's stock worth $5,101,000 after buying an additional 5,607 shares during the last quarter. Mufg Securities Americas Inc. acquired a new position in Veralto during the 4th quarter valued at about $372,000. Nomura Holdings Inc. purchased a new stake in Veralto in the fourth quarter valued at about $830,000. Finally, NorthRock Partners LLC acquired a new stake in Veralto in the fourth quarter worth about $212,000. Hedge funds and other institutional investors own 91.28% of the company's stock.

Analysts Set New Price Targets

Several equities analysts recently commented on VLTO shares. Robert W. Baird increased their price objective on shares of Veralto from $105.00 to $106.00 and gave the company a "neutral" rating in a research report on Thursday, May 1st. Royal Bank of Canada raised their price target 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 began coverage on shares of Veralto in a research note on Tuesday, May 6th. They set a "buy" rating and a $110.00 price objective for the company. Stifel Nicolaus upped their target price on Veralto from $102.00 to $104.00 and gave the company a "buy" rating in a research report on Thursday, May 1st. Finally, Citigroup reduced their target price on Veralto from $116.00 to $100.00 and set a "neutral" rating for the company in a research note on Monday, April 14th. Six analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. According to MarketBeat, Veralto has an average rating of "Hold" and a consensus price target of $110.09.

Insider Activity at Veralto

In other Veralto news, SVP Surekha Trivedi sold 590 shares of the company's stock in a transaction dated Tuesday, April 1st. The shares were sold at an average price of $97.05, for a total value of $57,259.50. Following the completion of the transaction, the senior vice president now owns 10,011 shares in the company, valued at approximately $971,567.55. This represents a 5.57% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 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 value of $1,045,044.90. Following the sale, the chief executive officer now owns 104,496 shares in the company, 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. Over the last ninety days, insiders sold 67,073 shares of company stock worth $6,442,018. 0.36% of the stock is owned by corporate insiders.

Veralto Stock Performance

Shares of Veralto stock traded down $0.43 during trading on Friday, hitting $100.55. 231,560 shares of the company's stock were exchanged, compared to its average volume of 1,466,213. The stock has a market capitalization of $24.92 billion, a price-to-earnings ratio of 30.10, a PEG ratio of 4.24 and a beta of 0.99. The business has a 50-day simple moving average of $94.76 and a 200-day simple moving average of $99.66. Veralto Co. has a 52-week low of $83.86 and a 52-week high of $115.00. The company has a debt-to-equity ratio of 1.27, a quick ratio of 1.69 and a current ratio of 1.92.

Veralto (NYSE:VLTO - Get Free Report) last released 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. The business had revenue of $1.33 billion during the quarter, compared to analyst estimates of $1.28 billion. Veralto had a return on equity of 49.29% and a net margin of 16.04%. The company's revenue was up 6.9% on a year-over-year basis. During the same quarter last year, the business posted $0.84 EPS. On average, research analysts forecast that Veralto Co. will post 3.66 EPS for the current year.

Veralto Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, July 31st. Investors of record on Monday, June 30th will be given a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a yield of 0.44%. The ex-dividend date of this dividend is Monday, June 30th. 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.