Veralto Co. (NYSE:VLTO) Shares Acquired by DekaBank Deutsche Girozentrale

DekaBank Deutsche Girozentrale boosted its holdings in Veralto Co. (NYSE:VLTO) by 1.3% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 814,216 shares of the company’s stock after purchasing an additional 10,130 shares during the quarter. DekaBank Deutsche Girozentrale owned about 0.33% of Veralto worth $90,463,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Modera Wealth Management LLC acquired a new position in Veralto in the third quarter valued at $222,000. First Bank & Trust boosted its position in shares of Veralto by 1.6% in the 3rd quarter. First Bank & Trust now owns 15,166 shares of the company’s stock valued at $1,696,000 after purchasing an additional 233 shares during the period. Wealth Enhancement Advisory Services LLC grew its stake in Veralto by 3.7% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 70,197 shares of the company’s stock worth $7,852,000 after buying an additional 2,527 shares during the last quarter. PFG Investments LLC acquired a new position in Veralto during the third quarter worth approximately $525,000. Finally, Forsta AP Fonden lifted its stake in Veralto by 12.7% in the third quarter. Forsta AP Fonden now owns 54,108 shares of the company’s stock valued at $6,053,000 after buying an additional 6,100 shares during the last quarter. 91.28% of the stock is currently owned by hedge funds and other institutional investors.

Veralto Stock Performance

Shares of VLTO opened at $104.05 on Monday. The company has a quick ratio of 1.87, a current ratio of 2.13 and a debt-to-equity ratio of 1.35. Veralto Co. has a 52-week low of $65.51 and a 52-week high of $115.00. The company has a 50-day simple moving average of $110.75 and a 200-day simple moving average of $102.83. The company has a market capitalization of $25.73 billion and a PE ratio of 32.11.

Veralto (NYSE:VLTO) last issued its earnings results on Wednesday, October 23rd. The company reported $0.89 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.85 by $0.04. The company had revenue of $1.31 billion during the quarter, compared to analysts’ expectations of $1.30 billion. Veralto had a net margin of 15.69% and a return on equity of 52.85%. The firm’s quarterly revenue was up 4.7% compared to the same quarter last year. During the same period last year, the company posted $0.75 earnings per share. Equities research analysts predict that Veralto Co. will post 3.47 earnings per share for the current fiscal year.

Veralto Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 31st. Shareholders of record on Friday, September 27th will be issued a $0.09 dividend. This represents a $0.36 annualized dividend and a yield of 0.35%. The ex-dividend date is Friday, September 27th. Veralto’s dividend payout ratio (DPR) is 11.11%.

Wall Street Analysts Forecast Growth

VLTO has been the topic of a number of research reports. TD Cowen raised their target price on shares of Veralto from $95.00 to $100.00 and gave the stock a “hold” rating in a research report on Tuesday, July 30th. Royal Bank of Canada lifted their price objective on shares of Veralto from $108.00 to $111.00 and gave the company a “sector perform” rating in a research note on Friday. BMO Capital Markets increased their target price on shares of Veralto from $117.00 to $119.00 and gave the stock an “outperform” rating in a research note on Monday, September 30th. Robert W. Baird upped their price objective on Veralto from $98.00 to $112.00 and gave the company a “neutral” rating in a research note on Monday, July 29th. Finally, Deutsche Bank Aktiengesellschaft lifted their target price on Veralto from $100.00 to $109.00 and gave the company a “hold” rating in a research note on Monday, July 29th. Seven investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $108.27.

Insider Activity

In related news, SVP Surekha Trivedi sold 753 shares of the business’s stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of $106.72, for a total value of $80,360.16. Following the sale, the senior vice president now directly owns 12,671 shares in the company, valued at $1,352,249.12. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, SVP Surekha Trivedi sold 753 shares of Veralto stock in a transaction that occurred on Thursday, August 1st. The stock was sold at an average price of $106.72, for a total transaction of $80,360.16. Following the completion of the transaction, the senior vice president now directly owns 12,671 shares in the company, valued at $1,352,249.12. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Jennifer Honeycutt sold 13,191 shares of the stock in a transaction on Friday, August 30th. The shares were sold at an average price of $111.98, for a total value of $1,477,128.18. Following the sale, the chief executive officer now owns 138,546 shares in the company, valued at approximately $15,514,381.08. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 36,039 shares of company stock worth $3,992,665 over the last 90 days. 0.31% of the stock is currently owned by corporate 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.