Deutsche Bank AG Has $139.33 Million Stock Holdings in Veralto Co. (NYSE:VLTO)

Deutsche Bank AG grew its stake in Veralto Co. (NYSE:VLTO - Free Report) by 23.6% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 1,367,986 shares of the company's stock after acquiring an additional 261,202 shares during the period. Deutsche Bank AG owned about 0.55% of Veralto worth $139,329,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also made changes to their positions in the company. Bernard Wealth Management Corp. purchased a new position in Veralto during the 4th quarter worth $25,000. OFI Invest Asset Management purchased a new position in shares of Veralto in the 4th quarter valued at about $26,000. BankPlus Trust Department purchased a new position in shares of Veralto in the 4th quarter valued at about $29,000. Albion Financial Group UT increased its holdings in shares of Veralto by 2,100.0% in the 4th quarter. Albion Financial Group UT now owns 352 shares of the company's stock valued at $36,000 after purchasing an additional 336 shares in the last quarter. Finally, Geneos Wealth Management Inc. purchased a new position in shares of Veralto in the 4th quarter valued at about $42,000. 91.28% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

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

Veralto Price Performance

Shares of NYSE:VLTO traded down $0.45 during trading hours on Wednesday, hitting $99.80. 1,482,172 shares of the company's stock traded hands, compared to its average volume of 1,486,400. Veralto Co. has a 52 week low of $83.87 and a 52 week high of $115.00. The company's fifty day simple moving average is $94.30 and its two-hundred day simple moving average is $99.72. The company has a market cap of $24.74 billion, a price-to-earnings ratio of 29.88, a price-to-earnings-growth 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 posted its quarterly earnings results on Tuesday, April 29th. The company reported $0.95 EPS for the quarter, topping the consensus estimate of $0.87 by $0.08. The business had revenue of $1.33 billion during the quarter, compared to analysts' expectations of $1.28 billion. Veralto had a net margin of 16.04% and a return on equity of 49.29%. The firm's quarterly revenue was up 6.9% compared to the same quarter last year. During the same period last year, the company posted $0.84 earnings per share. As a group, equities analysts anticipate that Veralto Co. will post 3.66 EPS for the current fiscal year.

Veralto Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, April 30th. Stockholders of record on Monday, March 31st were given a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a dividend yield of 0.44%. The ex-dividend date was Monday, March 31st. Veralto's dividend payout ratio is 12.57%.

Insider Activity

In other Veralto news, SVP Melissa Aquino sold 31,689 shares of Veralto stock in a transaction on Thursday, May 1st. The shares were sold at an average price of $93.67, for a total transaction of $2,968,308.63. Following the sale, the senior vice president now owns 17,434 shares in the company, valued at $1,633,042.78. The trade was a 64.51% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, SVP Mattias Bystrom sold 2,500 shares of the business's stock in a transaction on Monday, May 12th. The shares were sold at an average price of $99.96, for a total transaction of $249,900.00. Following the completion of the sale, the senior vice president now owns 32,430 shares in the company, valued at $3,241,702.80. This represents a 7.16% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 66,615 shares of company stock valued at $6,395,833 over the last 90 days. 0.36% of the stock is currently 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.