Veralto Co. (NYSE:VLTO) Shares Acquired by Zurcher Kantonalbank Zurich Cantonalbank

Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of Veralto Co. (NYSE:VLTO) by 20.3% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 401,979 shares of the company’s stock after purchasing an additional 67,736 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank owned approximately 0.16% of Veralto worth $44,965,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of VLTO. PEAK6 Investments LLC boosted its position in Veralto by 20.7% during the first quarter. PEAK6 Investments LLC now owns 2,655 shares of the company’s stock worth $235,000 after purchasing an additional 456 shares in the last quarter. Tidal Investments LLC grew its stake in Veralto by 40.8% in the 1st quarter. Tidal Investments LLC now owns 14,855 shares of the company’s stock valued at $1,317,000 after acquiring an additional 4,303 shares during the last quarter. Virtu Financial LLC purchased a new position in Veralto during the 1st quarter valued at about $642,000. Cetera Investment Advisers lifted its holdings in shares of Veralto by 247.8% in the first quarter. Cetera Investment Advisers now owns 48,428 shares of the company’s stock valued at $4,294,000 after purchasing an additional 34,505 shares in the last quarter. Finally, Cetera Advisors LLC grew its position in shares of Veralto by 90.2% in the first quarter. Cetera Advisors LLC now owns 11,624 shares of the company’s stock valued at $1,031,000 after purchasing an additional 5,511 shares during the last quarter. 91.28% of the stock is currently owned by hedge funds and other institutional investors.

Veralto Trading Up 0.0 %

VLTO stock opened at $107.97 on Friday. Veralto Co. has a 52 week low of $72.85 and a 52 week high of $115.00. The company has a market cap of $26.70 billion and a price-to-earnings ratio of 33.32. The company has a quick ratio of 1.87, a current ratio of 2.13 and a debt-to-equity ratio of 1.35. The business has a fifty day simple moving average of $108.02 and a 200-day simple moving average of $104.72.

Veralto (NYSE:VLTO) last released its quarterly earnings data on Wednesday, October 23rd. The company reported $0.89 earnings per share for the quarter, beating the consensus estimate of $0.85 by $0.04. The business had revenue of $1.31 billion for the quarter, compared to analyst estimates of $1.30 billion. Veralto had a return on equity of 52.85% and a net margin of 15.69%. The company’s revenue was up 4.7% compared to the same quarter last year. During the same period in the previous year, the company posted $0.75 EPS. On average, equities research analysts expect that Veralto Co. will post 3.48 EPS for the current year.

Veralto Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 31st. Stockholders of record on Friday, September 27th were paid a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a dividend yield of 0.33%. The ex-dividend date was Friday, September 27th. Veralto’s dividend payout ratio is presently 11.11%.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on VLTO shares. UBS Group began coverage on Veralto in a report on Tuesday, August 13th. They set a “neutral” rating and a $118.00 target price on the stock. Royal Bank of Canada boosted their target price on shares of Veralto from $108.00 to $111.00 and gave the company a “sector perform” rating in a research note on Friday, October 25th. BMO Capital Markets upped their target price on shares of Veralto from $117.00 to $119.00 and gave the company an “outperform” rating in a report on Monday, September 30th. Finally, Stifel Nicolaus lifted their price target on shares of Veralto from $117.00 to $119.00 and gave the stock a “buy” rating in a report on Wednesday, October 16th. Seven research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $108.27.

Insider Activity at Veralto

In other news, CEO Jennifer Honeycutt sold 13,190 shares of Veralto stock in a transaction that occurred on Monday, September 30th. The shares were sold at an average price of $110.15, for a total transaction of $1,452,878.50. Following the sale, the chief executive officer now owns 138,546 shares in the company, valued at $15,260,841.90. This trade represents a 8.69 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, SVP Surekha Trivedi sold 753 shares of the firm’s stock in a transaction on Tuesday, October 1st. The shares were sold at an average price of $112.55, for a total transaction of $84,750.15. Following the sale, the senior vice president now directly owns 11,165 shares of the company’s stock, valued at approximately $1,256,620.75. The trade was a 6.32 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 15,448 shares of company stock worth $1,698,675. 0.31% of the stock is currently owned by corporate insiders.

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.