B. Metzler seel. Sohn & Co. Holding AG Acquires Shares of 63,379 Veralto Co. (NYSE:VLTO)

B. Metzler seel. Sohn & Co. Holding AG acquired a new position in shares of Veralto Co. (NYSE:VLTO - Free Report) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 63,379 shares of the company's stock, valued at approximately $7,090,000.

Several other hedge funds have also recently bought and sold shares of the stock. Swedbank AB bought a new stake in shares of Veralto during the first quarter worth $237,864,000. Principal Financial Group Inc. grew its holdings in shares of Veralto by 207.2% during the third quarter. Principal Financial Group Inc. now owns 1,122,898 shares of the company's stock worth $125,608,000 after purchasing an additional 757,389 shares during the last quarter. Capital International Investors grew its holdings in shares of Veralto by 8.5% during the first quarter. Capital International Investors now owns 7,097,130 shares of the company's stock worth $629,232,000 after purchasing an additional 553,021 shares during the last quarter. Ferguson Wellman Capital Management Inc. bought a new stake in shares of Veralto during the second quarter worth $39,343,000. Finally, Jacobs Levy Equity Management Inc. bought a new stake in shares of Veralto during the first quarter worth $23,394,000. 91.28% of the stock is currently owned by institutional investors and hedge funds.

Veralto Stock Up 1.1 %

Shares of NYSE VLTO traded up $1.13 during mid-day trading on Wednesday, reaching $105.11. 1,275,512 shares of the company's stock were exchanged, compared to its average volume of 1,531,195. The firm has a market capitalization of $25.99 billion and a price-to-earnings ratio of 32.09. The company has a current ratio of 2.13, a quick ratio of 1.87 and a debt-to-equity ratio of 1.35. The business has a fifty day simple moving average of $108.32 and a 200 day simple moving average of $104.32. Veralto Co. has a twelve month low of $70.47 and a twelve month high of $115.00.

Veralto (NYSE:VLTO - Get Free Report) last announced 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. Veralto had a return on equity of 52.85% and a net margin of 15.69%. The business had revenue of $1.31 billion for the quarter, compared to analyst estimates of $1.30 billion. During the same quarter last year, the firm earned $0.75 EPS. Veralto's revenue for the quarter was up 4.7% compared to the same quarter last year. As a group, equities analysts expect that Veralto Co. will post 3.48 EPS for the current fiscal year.

Veralto Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, October 31st. Investors of record on Friday, September 27th were given a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a yield of 0.34%. The ex-dividend date of this dividend was Friday, September 27th. Veralto's dividend payout ratio is presently 11.11%.

Analyst Ratings Changes

Several research firms recently issued reports on VLTO. BMO Capital Markets raised their price target on Veralto from $117.00 to $119.00 and gave the company an "outperform" rating in a report on Monday, September 30th. TD Cowen raised their price target on Veralto from $95.00 to $100.00 and gave the company a "hold" rating in a report on Tuesday, July 30th. Deutsche Bank Aktiengesellschaft raised their price target on Veralto from $100.00 to $109.00 and gave the company a "hold" rating in a report on Monday, July 29th. The Goldman Sachs Group raised their price target on Veralto from $104.00 to $116.00 and gave the company a "buy" rating in a report on Monday, July 29th. Finally, Stifel Nicolaus raised their price target on Veralto from $117.00 to $119.00 and gave the company a "buy" rating in a report on Wednesday, October 16th. Seven investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, Veralto presently has a consensus rating of "Hold" and an average price target of $108.27.

Insider Activity at Veralto

In related news, CEO Jennifer Honeycutt sold 13,191 shares of the business's stock in a transaction that occurred on Friday, August 30th. The stock was sold at an average price of $111.98, for a total transaction of $1,477,128.18. Following the transaction, the chief executive officer now directly owns 138,546 shares of the company's stock, valued at approximately $15,514,381.08. The trade was a 8.69 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Surekha Trivedi sold 752 shares of the company's stock in a transaction on Friday, November 1st. The shares were sold at an average price of $102.91, for a total value of $77,388.32. Following the completion of the transaction, the senior vice president now directly owns 10,413 shares in the company, valued at approximately $1,071,601.83. This represents a 6.74 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 28,639 shares of company stock valued at $3,175,803. 0.31% of the stock is owned by 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.