713 Shares in Veralto Co. (NYSE:VLTO) Acquired by Allianz SE

Allianz SE acquired a new stake in Veralto Co. (NYSE:VLTO) during the 4th quarter, Holdings Channel reports. The institutional investor acquired 713 shares of the company’s stock, valued at approximately $73,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of VLTO. OFI Invest Asset Management bought a new position in shares of Veralto in the fourth quarter worth about $26,000. BankPlus Trust Department bought a new stake in Veralto during the 4th quarter valued at about $29,000. Albion Financial Group UT boosted its position in 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 buying an additional 336 shares during the period. Geneos Wealth Management Inc. bought a new position in Veralto in the 4th quarter worth about $42,000. Finally, Erste Asset Management GmbH purchased a new position in shares of Veralto during the third quarter worth approximately $46,000. Hedge funds and other institutional investors own 91.28% of the company’s stock.

Insider Activity at Veralto

In related news, SVP Surekha Trivedi sold 590 shares of the stock in a transaction that occurred on Tuesday, February 25th. The shares were sold at an average price of $100.35, for a total value of $59,206.50. Following the transaction, the senior vice president now owns 8,470 shares in the company, valued at approximately $849,964.50. This represents a 6.51 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 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 transaction, 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 a total of 21,881 shares of company stock valued at $2,176,770 in the last ninety days. Company insiders own 0.31% of the company’s stock.

Veralto Trading Up 1.6 %

Veralto stock opened at $97.57 on Tuesday. Veralto Co. has a one year low of $85.91 and a one year high of $115.00. The stock has a market cap of $24.15 billion, a PE ratio of 29.21, a price-to-earnings-growth ratio of 4.24 and a beta of 1.11. The company has a debt-to-equity ratio of 1.27, a quick ratio of 1.69 and a current ratio of 1.92. The stock has a 50-day moving average of $99.37 and a two-hundred day moving average of $103.85.

Veralto (NYSE:VLTO) last announced its quarterly earnings data on Tuesday, February 4th. The company reported $0.95 EPS for the quarter, beating the consensus estimate of $0.90 by $0.05. Veralto had a net margin of 16.04% and a return on equity of 49.29%. On average, research analysts anticipate that Veralto Co. will post 3.66 EPS for the current fiscal year.

Veralto Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Monday, March 31st will be issued a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a dividend yield of 0.45%. The ex-dividend date is Monday, March 31st. Veralto’s dividend payout ratio (DPR) is presently 13.17%.

Wall Street Analysts Forecast Growth

VLTO has been the subject of a number of research reports. Stifel Nicolaus lowered their price target on Veralto from $116.00 to $110.00 and set a “buy” rating for the company in a report on Thursday, February 6th. Citigroup lowered their price objective on shares of Veralto from $118.00 to $116.00 and set a “neutral” rating for the company in a research note on Monday, January 13th. Royal Bank of Canada cut their price target on Veralto from $111.00 to $110.00 and set a “sector perform” rating on the stock in a report on Thursday, February 6th. Finally, Jefferies Financial Group assumed coverage on Veralto in a research note on Thursday, December 12th. They issued a “buy” rating and a $125.00 target price on the stock. Six analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $113.50.

Veralto Company 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.