Siemens Fonds Invest GmbH Purchases 3,979 Shares of Veralto Co. (NYSE:VLTO)

Siemens Fonds Invest GmbH boosted its position in Veralto Co. (NYSE:VLTO - Free Report) by 68.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund 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 at the end of the most recent reporting period.

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

Wall Street Analyst Weigh In

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

Veralto Trading Up 0.1%

Shares of VLTO stock traded up $0.12 on Thursday, reaching $100.61. 362,053 shares of the stock were exchanged, compared to its average volume of 1,471,391. 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 one year low of $83.86 and a one year high of $115.00. The stock has a market cap of $24.94 billion, a PE ratio of 30.12, a P/E/G ratio of 4.24 and a beta of 0.99. The stock has a 50 day moving average price of $94.71 and a 200 day moving average price of $99.67.

Veralto (NYSE:VLTO - Get Free Report) last announced its quarterly earnings data on Tuesday, April 29th. The company reported $0.95 earnings per share 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 firm had revenue of $1.33 billion during the quarter, compared to analysts' expectations of $1.28 billion. During the same period in the previous year, the business posted $0.84 EPS. The company's quarterly revenue was up 6.9% compared to the same quarter last year. Equities research analysts forecast that Veralto Co. will post 3.66 EPS for the current fiscal year.

Veralto Dividend Announcement

The business also recently announced 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. 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 payout ratio is 12.57%.

Insider Activity at Veralto

In related news, SVP Lesley Beneteau sold 458 shares of the business's stock in a transaction that occurred 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 completion of the transaction, the senior vice president now directly owns 13,571 shares in the company, valued at approximately $1,368,499.64. The trade was a 3.26% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Jennifer Honeycutt sold 10,414 shares of the firm's stock in a transaction that occurred on Tuesday, February 25th. The stock was sold at an average price of $100.35, for a total transaction 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 90 days, insiders sold 67,073 shares of company stock worth $6,442,018. 0.36% of the stock is currently owned by company insiders.

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.