J. Safra Sarasin Holding AG Raises Position in Veralto Co. (NYSE:VLTO)

J. Safra Sarasin Holding AG boosted its position in Veralto Co. (NYSE:VLTO - Free Report) by 70.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 60,318 shares of the company's stock after purchasing an additional 25,021 shares during the period. J. Safra Sarasin Holding AG's holdings in Veralto were worth $6,143,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently added to or reduced their stakes in the business. Bernard Wealth Management Corp. purchased a new stake in shares of Veralto in the fourth quarter valued at approximately $25,000. OFI Invest Asset Management acquired a new stake in Veralto in the fourth quarter valued at $26,000. BankPlus Trust Department purchased a new stake in shares of Veralto during the 4th quarter worth $29,000. Albion Financial Group UT grew its stake in shares of Veralto by 2,100.0% during the 4th quarter. Albion Financial Group UT now owns 352 shares of the company's stock worth $36,000 after purchasing an additional 336 shares during the period. Finally, Geneos Wealth Management Inc. purchased a new position in shares of Veralto in the 4th quarter valued at about $42,000. Hedge funds and other institutional investors own 91.28% of the company's stock.

Veralto Trading Up 1.3 %

Shares of VLTO traded up $1.17 on Thursday, hitting $91.72. 1,455,626 shares of the stock traded hands, compared to its average volume of 1,475,847. The stock's 50 day moving average is $95.12 and its two-hundred day moving average is $101.21. Veralto Co. has a 1 year low of $83.87 and a 1 year high of $115.00. The firm has a market capitalization of $22.75 billion, a P/E ratio of 27.46, a P/E/G ratio of 4.24 and a beta of 0.97. The company has a quick ratio of 1.69, a current ratio of 1.92 and a debt-to-equity ratio of 1.27.

Veralto (NYSE:VLTO - Get Free Report) last posted its quarterly earnings data on Tuesday, February 4th. The company reported $0.95 EPS for the quarter, beating analysts' consensus estimates 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, sell-side analysts predict that Veralto Co. will post 3.66 earnings per share for the current year.

Veralto Dividend Announcement

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 paid a dividend of $0.11 per share. The ex-dividend date of this dividend is Monday, March 31st. This represents a $0.44 annualized dividend and a dividend yield of 0.48%. Veralto's dividend payout ratio is presently 13.17%.

Analysts Set New Price Targets

A number of research firms recently commented on VLTO. Royal Bank of Canada decreased their price objective on shares of Veralto from $111.00 to $110.00 and set a "sector perform" rating on the stock in a report on Thursday, February 6th. Stifel Nicolaus lowered their price target on Veralto from $110.00 to $102.00 and set a "buy" rating on the stock in a report on Wednesday, April 16th. Finally, Citigroup lowered their target price on Veralto from $116.00 to $100.00 and set a "neutral" rating on the stock in a report on Monday, April 14th. Six research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $111.10.

Insider Transactions at Veralto

In other Veralto news, CEO Jennifer Honeycutt sold 10,414 shares of the company's stock in a transaction dated 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 ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, SVP Surekha Trivedi sold 590 shares of Veralto stock in a transaction dated Tuesday, April 1st. The shares were sold at an average price of $97.05, for a total value of $57,259.50. Following the completion of the transaction, the senior vice president now directly owns 10,011 shares in the company, valued at $971,567.55. This represents a 5.57 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 22,471 shares of company stock worth $2,234,030 in the last ninety days. Insiders own 0.36% of the company's stock.

Veralto 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.