Bank Julius Baer & Co. Ltd Zurich Buys 4,907 Shares of Veralto Co. (NYSE:VLTO)

Bank Julius Baer & Co. Ltd Zurich lifted its position in shares of Veralto Co. (NYSE:VLTO - Free Report) by 73.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 11,585 shares of the company's stock after acquiring an additional 4,907 shares during the quarter. Bank Julius Baer & Co. Ltd Zurich's holdings in Veralto were worth $1,302,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Ashton Thomas Securities LLC bought a new position in shares of Veralto during the third quarter worth about $25,000. BankPlus Trust Department bought a new position in shares of Veralto during the 4th quarter worth approximately $29,000. Albion Financial Group UT raised its holdings in shares of Veralto by 2,100.0% in the fourth quarter. Albion Financial Group UT now owns 352 shares of the company's stock valued at $36,000 after purchasing an additional 336 shares during the last quarter. Geneos Wealth Management Inc. acquired a new stake in Veralto in the 4th quarter valued at $42,000. Finally, Raleigh Capital Management Inc. lifted its position in Veralto by 35.3% during the 4th quarter. Raleigh Capital Management Inc. now owns 418 shares of the company's stock worth $43,000 after buying an additional 109 shares in the last quarter. Institutional investors own 91.28% of the company's stock.

Wall Street Analyst Weigh In

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

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Insider Transactions at Veralto

In related news, CEO Jennifer Honeycutt sold 10,414 shares of the company's stock in a transaction 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 completion of the sale, the chief executive officer now directly owns 104,496 shares in the company, valued at $10,486,173.60. This represents a 9.06 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, SVP Melissa Aquino sold 463 shares of Veralto stock in a transaction dated Tuesday, February 11th. The shares were sold at an average price of $99.60, for a total value of $46,114.80. Following the completion of the transaction, the senior vice president now owns 20,761 shares in the company, valued at approximately $2,067,795.60. This represents a 2.18 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 11,467 shares of company stock valued at $1,150,366. 0.31% of the stock is owned by corporate insiders.

Veralto Stock Performance

VLTO traded up $0.18 during trading on Thursday, hitting $95.61. The stock had a trading volume of 1,207,783 shares, compared to its average volume of 1,468,678. The company has a debt-to-equity ratio of 1.27, a current ratio of 1.92 and a quick ratio of 1.69. The firm has a market cap of $23.67 billion, a price-to-earnings ratio of 28.62, a P/E/G ratio of 4.24 and a beta of 1.11. The company has a 50 day moving average price of $100.43 and a 200-day moving average price of $105.06. Veralto Co. has a one year low of $85.90 and a one year high of $115.00.

Veralto (NYSE:VLTO - Get Free Report) last released its quarterly earnings results 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%. As a group, research analysts predict that Veralto Co. will post 3.66 EPS for the current year.

Veralto Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Monday, March 31st will be given a dividend of $0.11 per share. The ex-dividend date of this dividend is Monday, March 31st. This represents a $0.44 dividend on an annualized basis and a dividend yield of 0.46%. Veralto's payout ratio is 13.17%.

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.