Veralto Co. (NYSE:VLTO) Shares Bought by Siemens Fonds Invest GmbH

Siemens Fonds Invest GmbH boosted its stake in Veralto Co. (NYSE:VLTO - Free Report) by 68.0% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 9,834 shares of the company's stock after acquiring an additional 3,979 shares during the period. Siemens Fonds Invest GmbH's holdings in Veralto were worth $1,002,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also bought and sold shares of the company. Savant Capital LLC raised its position in shares of Veralto by 0.5% in the 4th quarter. Savant Capital LLC now owns 20,177 shares of the company's stock worth $2,055,000 after acquiring an additional 98 shares in the last quarter. Allworth Financial LP grew its position in Veralto by 19.4% during the 4th quarter. Allworth Financial LP now owns 622 shares of the company's stock valued at $64,000 after purchasing an additional 101 shares during the last quarter. Quent Capital LLC increased its position in shares of Veralto by 17.3% during the fourth quarter. Quent Capital LLC now owns 699 shares of the company's stock valued at $71,000 after acquiring an additional 103 shares in the last quarter. Coldstream Capital Management Inc. lifted its holdings in shares of Veralto by 1.7% during the fourth quarter. Coldstream Capital Management Inc. now owns 6,405 shares of the company's stock valued at $652,000 after purchasing an additional 110 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. boosted its holdings in shares of Veralto by 4.1% during the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 2,967 shares of the company's stock valued at $302,000 after acquiring an additional 117 shares during the last quarter. 91.28% of the stock is owned by institutional investors.

Veralto Price Performance

NYSE VLTO traded down $0.75 during trading hours on Monday, reaching $100.28. The company's stock had a trading volume of 1,100,810 shares, compared to its average volume of 1,452,446. 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 1-year low of $83.87 and a 1-year high of $115.00. The company's 50-day moving average is $95.12 and its two-hundred day moving average is $99.45. The firm has a market capitalization of $24.86 billion, a price-to-earnings ratio of 30.02, a P/E/G ratio of 4.24 and a beta of 0.99.

Veralto (NYSE:VLTO - Get Free Report) last posted its quarterly earnings data on Tuesday, April 29th. The company reported $0.95 EPS for the quarter, topping the consensus estimate of $0.87 by $0.08. Veralto had a return on equity of 49.29% and a net margin of 16.04%. The company had revenue of $1.33 billion during the quarter, compared to analyst estimates of $1.28 billion. During the same period in the previous year, the business earned $0.84 EPS. Veralto's quarterly revenue was up 6.9% on a year-over-year basis. On average, equities analysts predict that Veralto Co. will post 3.66 EPS for the current year.

Veralto Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, July 31st. Investors of record on Monday, June 30th will be given a $0.11 dividend. The ex-dividend date of this dividend is Monday, June 30th. This represents a $0.44 annualized dividend and a yield of 0.44%. Veralto's payout ratio is 12.57%.

Wall Street Analyst Weigh In

VLTO has been the subject of several recent research reports. Northcoast Research began coverage on shares of Veralto in a research report on Tuesday, May 6th. They set a "buy" rating and a $110.00 target price for the company. Royal Bank of Canada increased their target price on Veralto from $103.00 to $104.00 and gave the stock a "sector perform" rating in a research report on Thursday, May 1st. Stifel Nicolaus increased their price objective on shares of Veralto from $102.00 to $104.00 and gave the company a "buy" rating in a report on Thursday, May 1st. Robert W. Baird upped their price target 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. Finally, Citigroup decreased their price objective on Veralto from $116.00 to $100.00 and set a "neutral" rating on the stock in a research report on Monday, April 14th. Six analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, Veralto currently has a consensus rating of "Hold" and a consensus price target of $110.09.

Insider Buying and Selling

In other news, SVP Lesley Beneteau sold 458 shares of the stock in a transaction on Thursday, May 15th. The stock was sold at an average price of $100.84, for a total value of $46,184.72. Following the sale, the senior vice president now directly owns 13,571 shares in the company, valued at approximately $1,368,499.64. This trade represents a 3.26% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Surekha Trivedi sold 590 shares of Veralto stock in a transaction that occurred on Tuesday, April 1st. The stock was sold at an average price of $97.05, for a total transaction of $57,259.50. Following the completion of the transaction, the senior vice president now owns 10,011 shares of the company's stock, valued at $971,567.55. This represents a 5.57% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 56,069 shares of company stock valued at $5,337,767. 0.36% of the stock is currently owned by insiders.

About Veralto

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.