DekaBank Deutsche Girozentrale Raises Stock Holdings in Veralto Co. (NYSE:VLTO)

DekaBank Deutsche Girozentrale increased its position in Veralto Co. (NYSE:VLTO - Free Report) by 1.3% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 814,216 shares of the company's stock after acquiring an additional 10,130 shares during the period. DekaBank Deutsche Girozentrale owned about 0.33% of Veralto worth $90,463,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of the stock. Brookstone Capital Management boosted its stake in shares of Veralto by 36.4% in the first quarter. Brookstone Capital Management now owns 3,559 shares of the company's stock worth $316,000 after acquiring an additional 949 shares during the period. Allspring Global Investments Holdings LLC boosted its stake in shares of Veralto by 31.1% in the first quarter. Allspring Global Investments Holdings LLC now owns 16,092 shares of the company's stock worth $1,427,000 after acquiring an additional 3,820 shares during the period. Sumitomo Mitsui Trust Holdings Inc. boosted its stake in shares of Veralto by 5.9% in the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 608,241 shares of the company's stock worth $53,927,000 after acquiring an additional 34,097 shares during the period. Azzad Asset Management Inc. ADV boosted its stake in shares of Veralto by 26.8% in the first quarter. Azzad Asset Management Inc. ADV now owns 13,776 shares of the company's stock worth $1,221,000 after acquiring an additional 2,912 shares during the period. Finally, First Trust Direct Indexing L.P. boosted its stake in shares of Veralto by 15.7% in the first quarter. First Trust Direct Indexing L.P. now owns 3,045 shares of the company's stock worth $270,000 after acquiring an additional 414 shares during the period. Institutional investors own 91.28% of the company's stock.

Insider Buying and Selling at Veralto

In other Veralto news, SVP Surekha Trivedi sold 753 shares of the stock in a transaction on Thursday, August 1st. The stock was sold at an average price of $106.72, for a total transaction of $80,360.16. Following the sale, the senior vice president now owns 12,671 shares of the company's stock, valued at approximately $1,352,249.12. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, SVP Surekha Trivedi sold 753 shares of the stock in a transaction on Thursday, August 1st. The stock was sold at an average price of $106.72, for a total transaction of $80,360.16. Following the completion of the sale, the senior vice president now owns 12,671 shares in the company, valued at approximately $1,352,249.12. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Jennifer Honeycutt sold 13,191 shares of the stock in a transaction on Friday, August 30th. The shares were sold at an average price of $111.98, for a total value of $1,477,128.18. Following the sale, the chief executive officer now owns 138,546 shares of the company's stock, valued at approximately $15,514,381.08. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 36,039 shares of company stock valued at $3,992,665. 0.31% of the stock is currently owned by corporate insiders.

Veralto Trading Down 0.0 %

Shares of NYSE VLTO traded down $0.05 during midday trading on Monday, hitting $104.00. The company's stock had a trading volume of 1,298,546 shares, compared to its average volume of 1,555,060. 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's 50 day moving average is $110.75 and its two-hundred day moving average is $102.93. Veralto Co. has a 12-month low of $66.69 and a 12-month high of $115.00. The firm has a market cap of $25.67 billion and a P/E ratio of 32.13.

Veralto (NYSE:VLTO - Get Free Report) last announced its quarterly earnings data on Wednesday, October 23rd. The company reported $0.89 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.85 by $0.04. Veralto had a return on equity of 52.85% and a net margin of 15.69%. The company had revenue of $1.31 billion for the quarter, compared to analysts' expectations of $1.30 billion. During the same quarter in the prior year, the firm earned $0.75 earnings per share. Veralto's revenue was up 4.7% compared to the same quarter last year. As a group, equities research analysts expect that Veralto Co. will post 3.47 EPS for the current year.

Veralto Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 31st. Shareholders of record on Friday, September 27th will be given a dividend of $0.09 per share. The ex-dividend date is Friday, September 27th. This represents a $0.36 annualized dividend and a yield of 0.35%. Veralto's dividend payout ratio (DPR) is presently 11.11%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the company. Royal Bank of Canada upped their price objective on Veralto from $108.00 to $111.00 and gave the stock a "sector perform" rating in a research note on Friday. BMO Capital Markets boosted their target price on Veralto from $117.00 to $119.00 and gave the stock an "outperform" rating in a research report on Monday, September 30th. Robert W. Baird boosted their target price on Veralto from $98.00 to $112.00 and gave the stock a "neutral" rating in a research report on Monday, July 29th. TD Cowen boosted their target price on Veralto from $95.00 to $100.00 and gave the stock a "hold" rating in a research report on Tuesday, July 30th. Finally, Stifel Nicolaus boosted their target price on Veralto from $117.00 to $119.00 and gave the stock a "buy" rating in a research report on Wednesday, October 16th. Seven equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $108.27.

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.