J. Safra Sarasin Holding AG Boosts Stock Position in Veralto Co. (NYSE:VLTO)

J. Safra Sarasin Holding AG raised its stake in Veralto Co. (NYSE:VLTO) by 70.9% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 60,318 shares of the company’s stock after buying an additional 25,021 shares during the period. J. Safra Sarasin Holding AG’s holdings in Veralto were worth $6,143,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently bought and sold shares of VLTO. Barclays PLC lifted its stake in shares of Veralto by 43.8% during the 3rd quarter. Barclays PLC now owns 729,081 shares of the company’s stock worth $81,556,000 after purchasing an additional 222,076 shares during the last quarter. Virtu Financial LLC increased its holdings in shares of Veralto by 301.9% during the 3rd quarter. Virtu Financial LLC now owns 15,823 shares of the company’s stock valued at $1,770,000 after purchasing an additional 11,886 shares in the last quarter. World Investment Advisors LLC acquired a new position in shares of Veralto in the third quarter worth about $202,000. Wilmington Savings Fund Society FSB boosted its position in Veralto by 48.9% during the third quarter. Wilmington Savings Fund Society FSB now owns 28,583 shares of the company’s stock worth $3,197,000 after purchasing an additional 9,382 shares in the last quarter. Finally, Cim Investment Management Inc. acquired a new stake in Veralto in the 3rd quarter valued at $469,000. Institutional investors own 91.28% of the company’s stock.

Insider Buying and Selling at Veralto

In other news, SVP Melissa Aquino sold 463 shares of the company’s stock in a transaction dated Tuesday, February 11th. The shares were sold at an average price of $99.60, for a total transaction of $46,114.80. Following the completion of the transaction, the senior vice president now owns 20,761 shares of the company’s stock, valued at $2,067,795.60. This represents a 2.18 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Jennifer Honeycutt sold 10,414 shares of the business’s stock in a transaction on Tuesday, February 25th. The shares were 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 directly owns 104,496 shares of the company’s stock, valued at $10,486,173.60. This represents a 9.06 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 22,471 shares of company stock valued at $2,234,030 over the last quarter. Corporate insiders own 0.36% of the company’s stock.

Veralto Trading Down 2.6 %

Shares of VLTO stock opened at $87.19 on Tuesday. The business’s 50 day moving average is $95.61 and its two-hundred day moving average is $101.50. Veralto Co. has a twelve month low of $83.87 and a twelve month high of $115.00. The company has a current ratio of 1.92, a quick ratio of 1.69 and a debt-to-equity ratio of 1.27. The company has a market capitalization of $21.63 billion, a P/E ratio of 26.10, a price-to-earnings-growth ratio of 4.24 and a beta of 0.97.

Veralto (NYSE:VLTO) last posted its quarterly earnings results on Tuesday, February 4th. The company reported $0.95 earnings per share for the quarter, beating analysts’ consensus estimates of $0.90 by $0.05. Veralto had a return on equity of 49.29% and a net margin of 16.04%. Equities analysts forecast that Veralto Co. will post 3.66 EPS for the current year.

Veralto Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Monday, March 31st will be paid a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a dividend yield of 0.50%. The ex-dividend date of this dividend is Monday, March 31st. Veralto’s dividend payout ratio (DPR) is presently 13.17%.

Analyst Ratings Changes

A number of analysts have recently issued reports on VLTO shares. Royal Bank of Canada lowered their price target on Veralto from $111.00 to $110.00 and set a “sector perform” rating on the stock in a research note on Thursday, February 6th. Citigroup lowered 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, Stifel Nicolaus decreased their target price on Veralto from $110.00 to $102.00 and set a “buy” rating for the company in a research note on Wednesday, April 16th. Six investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, Veralto has a consensus rating of “Hold” and a consensus price target of $111.10.

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.