Veralto Co. (NYSE:VLTO) Position Increased by Siemens Fonds Invest GmbH

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

Several other institutional investors also recently bought and sold shares of the business. Norges Bank acquired a new stake in shares of Veralto during the 4th quarter worth $289,028,000. First Trust Advisors LP boosted its position in Veralto by 222.3% in the 4th quarter. First Trust Advisors LP now owns 2,602,399 shares of the company's stock valued at $265,054,000 after buying an additional 1,794,992 shares during the last quarter. Champlain Investment Partners LLC purchased a new position in Veralto in the 4th quarter valued at about $133,058,000. BNP Paribas Financial Markets purchased a new position in Veralto in the 4th quarter valued at about $96,888,000. Finally, Geode Capital Management LLC boosted its position in Veralto by 12.5% in the 4th quarter. Geode Capital Management LLC now owns 6,601,676 shares of the company's stock valued at $670,781,000 after buying an additional 733,056 shares during the last quarter. 91.28% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts have recently commented on VLTO shares. Northcoast Research started coverage on shares of Veralto in a research report on Tuesday, May 6th. They set a "buy" rating and a $110.00 price target on the stock. Stifel Nicolaus increased their price target on shares of Veralto from $102.00 to $104.00 and gave the stock a "buy" rating in a research report on Thursday, May 1st. Royal Bank of Canada increased their price target on shares of Veralto from $103.00 to $104.00 and gave the stock a "sector perform" rating in a research report on Thursday, May 1st. Citigroup reduced their price target on shares of Veralto from $116.00 to $100.00 and set a "neutral" rating on the stock in a research report on Monday, April 14th. Finally, Robert W. Baird increased their price target on shares of Veralto from $105.00 to $106.00 and gave the stock a "neutral" rating in a research report on Thursday, May 1st. Six equities research 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, the company currently has an average rating of "Hold" and an average target price of $110.09.

Insider Buying and Selling at Veralto

In related news, CEO Jennifer Honeycutt sold 10,414 shares of the firm's stock in a transaction that occurred on Monday, March 24th. The shares were sold at an average price of $98.56, for a total transaction of $1,026,403.84. Following the transaction, the chief executive officer now owns 116,637 shares in the company, valued at $11,495,742.72. This trade represents a 8.20% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Surekha Trivedi sold 590 shares of the firm's stock in a transaction that occurred on Tuesday, April 1st. The shares were sold at an average price of $97.05, for a total transaction of $57,259.50. Following the transaction, the senior vice president now owns 10,011 shares in the company, valued at $971,567.55. This represents a 5.57% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 56,069 shares of company stock worth $5,337,767. 0.36% of the stock is owned by company insiders.

Veralto Stock Performance

Shares of NYSE:VLTO traded down $0.32 during trading hours on Friday, hitting $100.92. The stock had a trading volume of 3,079,272 shares, compared to its average volume of 1,475,388. The stock's fifty day simple moving average is $95.07 and its 200 day simple moving average is $99.53. Veralto Co. has a 1-year low of $83.87 and a 1-year high of $115.00. The firm has a market capitalization of $25.01 billion, a price-to-earnings ratio of 30.22, a PEG ratio of 4.24 and a beta of 0.99. 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 announced its quarterly earnings results on Tuesday, April 29th. The company reported $0.95 EPS for the quarter, beating the consensus estimate of $0.87 by $0.08. Veralto had a net margin of 16.04% and a return on equity of 49.29%. The company had revenue of $1.33 billion for the quarter, compared to analyst estimates of $1.28 billion. During the same quarter last year, the business earned $0.84 earnings per share. Veralto's revenue was up 6.9% compared to the same quarter last year. Sell-side analysts anticipate that Veralto Co. will post 3.66 earnings per share for the current fiscal year.

Veralto Announces Dividend

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

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.