Veralto Corporation (NYSE:VLTO) Stock Position Cut by Universal Beteiligungs und Servicegesellschaft mbH

Universal Beteiligungs und Servicegesellschaft mbH reduced its position in shares of Veralto Corporation (NYSE:VLTO - Free Report) by 10.0% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 219,566 shares of the company's stock after selling 24,266 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH owned about 0.09% of Veralto worth $21,397,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Park Avenue Securities LLC lifted its position in shares of Veralto by 11.5% during the first quarter. Park Avenue Securities LLC now owns 19,213 shares of the company's stock worth $1,872,000 after purchasing an additional 1,985 shares in the last quarter. Cambridge Investment Research Advisors Inc. lifted its position in shares of Veralto by 1.3% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 8,784 shares of the company's stock worth $856,000 after purchasing an additional 113 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its position in shares of Veralto by 9.4% during the first quarter. Allspring Global Investments Holdings LLC now owns 26,833 shares of the company's stock worth $2,619,000 after purchasing an additional 2,313 shares in the last quarter. Assenagon Asset Management S.A. raised its holdings in Veralto by 3.0% in the first quarter. Assenagon Asset Management S.A. now owns 14,544 shares of the company's stock valued at $1,417,000 after acquiring an additional 429 shares in the last quarter. Finally, Farther Finance Advisors LLC raised its holdings in Veralto by 12.8% in the first quarter. Farther Finance Advisors LLC now owns 2,938 shares of the company's stock valued at $287,000 after acquiring an additional 333 shares in the last quarter. 91.28% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

VLTO has been the topic of several recent analyst reports. 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 report on Thursday, May 1st. Stifel Nicolaus upped their price target on shares of Veralto from $104.00 to $116.00 and gave the company a "buy" rating in a report on Monday. Citigroup cut their price target 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. Royal Bank Of Canada upped their price target on shares of Veralto from $103.00 to $104.00 and gave the company a "sector perform" rating in a report on Thursday, May 1st. Finally, Northcoast Research assumed coverage on shares of Veralto in a report on Tuesday, May 6th. They set a "buy" rating and a $110.00 target price on the stock. Six equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $111.18.

Veralto Stock Performance

Shares of NYSE:VLTO traded up $0.11 on Friday, reaching $103.38. 1,019,417 shares of the company's stock were exchanged, compared to its average volume of 1,387,994. The firm has a market capitalization of $25.62 billion, a price-to-earnings ratio of 29.54, a PEG ratio of 4.07 and a beta of 0.91. Veralto Corporation has a fifty-two week low of $83.86 and a fifty-two week high of $115.00. The business's 50-day moving average is $100.78 and its two-hundred day moving average is $98.49. The company has a quick ratio of 1.92, a current ratio of 2.19 and a debt-to-equity ratio of 1.14.

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, topping analysts' consensus estimates of $0.87 by $0.08. Veralto had a net margin of 16.56% and a return on equity of 45.63%. The business had revenue of $1.33 billion for the quarter, compared to analysts' expectations of $1.28 billion. During the same quarter last year, the company earned $0.84 EPS. The company's revenue for the quarter was up 6.9% compared to the same quarter last year. As a group, equities research analysts forecast that Veralto Corporation will post 3.66 EPS for the current year.

Veralto Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 31st. Investors of record on Monday, June 30th will be issued a $0.11 dividend. The ex-dividend date is Monday, June 30th. This represents a $0.44 dividend on an annualized basis and a dividend yield of 0.43%. Veralto's dividend payout ratio (DPR) is presently 12.57%.

Insiders Place Their Bets

In related news, SVP Lesley Beneteau sold 458 shares of the stock in a transaction dated Thursday, May 15th. The shares were sold at an average price of $100.84, for a total value of $46,184.72. Following the sale, the senior vice president owned 13,571 shares of the company's stock, valued at $1,368,499.64. This trade represents a 3.26% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Melissa Aquino sold 31,689 shares of the stock in a transaction dated Thursday, May 1st. The stock was sold at an average price of $93.67, for a total transaction of $2,968,308.63. Following the completion of the sale, the senior vice president directly owned 17,434 shares in the company, valued at approximately $1,633,042.78. This trade represents a 64.51% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 45,913 shares of company stock worth $4,339,370. 0.36% of the stock is owned by company 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.