B. Metzler seel. Sohn & Co. AG Sells 26,697 Shares of Veralto Co. (NYSE:VLTO)

B. Metzler seel. Sohn & Co. AG cut its holdings in shares of Veralto Co. (NYSE:VLTO - Free Report) by 42.1% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 36,682 shares of the company's stock after selling 26,697 shares during the period. B. Metzler seel. Sohn & Co. AG's holdings in Veralto were worth $3,736,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in VLTO. Savant Capital LLC boosted its position in shares of Veralto by 0.5% during the fourth quarter. Savant Capital LLC now owns 20,177 shares of the company's stock valued at $2,055,000 after purchasing an additional 98 shares in the last quarter. Allworth Financial LP boosted its holdings in shares of Veralto by 19.4% during the 4th quarter. Allworth Financial LP now owns 622 shares of the company's stock valued at $64,000 after buying an additional 101 shares in the last quarter. Insigneo Advisory Services LLC grew its position in shares of Veralto by 1.8% in the 3rd quarter. Insigneo Advisory Services LLC now owns 5,767 shares of the company's stock worth $645,000 after buying an additional 103 shares during the period. Quent Capital LLC lifted its position in Veralto by 17.3% during the 4th quarter. Quent Capital LLC now owns 699 shares of the company's stock valued at $71,000 after acquiring an additional 103 shares during the period. Finally, Raleigh Capital Management Inc. boosted its stake in Veralto by 35.3% during the fourth quarter. Raleigh Capital Management Inc. now owns 418 shares of the company's stock worth $43,000 after acquiring an additional 109 shares in the last quarter. Institutional investors own 91.28% of the company's stock.

Remove Ads

Veralto Stock Performance

VLTO stock traded down $5.19 on Friday, hitting $88.71. The company had a trading volume of 2,531,475 shares, compared to its average volume of 1,498,490. The stock has a market cap of $22.00 billion, a price-to-earnings ratio of 26.56, a P/E/G ratio of 4.24 and a beta of 0.97. 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 stock's 50-day simple moving average is $98.73 and its 200 day simple moving average is $103.48. Veralto Co. has a 12-month low of $86.04 and a 12-month high of $115.00.

Veralto (NYSE:VLTO - Get Free Report) last posted its 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%. As a group, equities research analysts expect that Veralto Co. will post 3.66 earnings per share for the current fiscal year.

Veralto Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Monday, March 31st will be issued 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%.

Insider Buying and Selling

In other news, CEO Jennifer Honeycutt sold 10,414 shares of the firm's stock in a transaction that occurred on Monday, March 24th. The stock was sold at an average price of $98.56, for a total value of $1,026,403.84. Following the completion of the sale, the chief executive officer now directly owns 116,637 shares of the company's stock, valued at $11,495,742.72. This trade represents a 8.20 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP Surekha Trivedi sold 590 shares of the business's stock in a transaction that occurred on Tuesday, April 1st. The shares were sold at an average price of $97.05, for a total value of $57,259.50. Following the transaction, the senior vice president now directly owns 10,011 shares in the company, valued at approximately $971,567.55. This represents a 5.57 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 22,471 shares of company stock worth $2,234,030. Corporate insiders own 0.31% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on VLTO shares. Stifel Nicolaus lowered their target price on shares of Veralto from $116.00 to $110.00 and set a "buy" rating for the company in a report on Thursday, February 6th. Royal Bank of Canada dropped their target price on Veralto from $111.00 to $110.00 and set a "sector perform" rating on the stock in a report on Thursday, February 6th. Citigroup reduced their price target on Veralto from $118.00 to $116.00 and set a "neutral" rating for the company in a report on Monday, January 13th. Finally, Jefferies Financial Group assumed coverage on shares of Veralto in a research note on Thursday, December 12th. They issued a "buy" rating and a $125.00 price target on the stock. Six equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, Veralto presently has a consensus rating of "Hold" and a consensus target price of $113.50.

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.