Veralto Co. (NYSE:VLTO) Shares Acquired by Zurcher Kantonalbank Zurich Cantonalbank

Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of Veralto Co. (NYSE:VLTO - Free Report) by 2.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 412,031 shares of the company's stock after purchasing an additional 10,052 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank owned about 0.17% of Veralto worth $41,965,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Assetmark Inc. raised its stake in shares of Veralto by 10.3% in the third quarter. Assetmark Inc. now owns 18,920 shares of the company's stock worth $2,116,000 after purchasing an additional 1,768 shares during the last quarter. Crossmark Global Holdings Inc. increased its holdings in Veralto by 2.1% in the 3rd quarter. Crossmark Global Holdings Inc. now owns 12,900 shares of the company's stock worth $1,443,000 after buying an additional 261 shares during the period. Los Angeles Capital Management LLC raised its position in Veralto by 24.8% during the 3rd quarter. Los Angeles Capital Management LLC now owns 6,787 shares of the company's stock worth $759,000 after buying an additional 1,350 shares during the last quarter. Ashton Thomas Securities LLC acquired a new stake in Veralto during the 3rd quarter valued at approximately $25,000. Finally, NJ State Employees Deferred Compensation Plan purchased a new stake in shares of Veralto in the 3rd quarter valued at $210,000. Hedge funds and other institutional investors own 91.28% of the company's stock.

Analysts Set New Price Targets

A number of research firms have weighed in on VLTO. Royal Bank of Canada reduced their price objective on Veralto from $111.00 to $110.00 and set a "sector perform" rating for the company in a research note on Thursday, February 6th. Citigroup lowered their price objective on Veralto from $118.00 to $116.00 and set a "neutral" rating on the stock in a research report on Monday, January 13th. Stifel Nicolaus dropped their target price on Veralto from $116.00 to $110.00 and set a "buy" rating on the stock in a research report on Thursday, February 6th. Finally, Jefferies Financial Group began coverage on Veralto in a report on Thursday, December 12th. They issued a "buy" rating and a $125.00 price target for the company. Six analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $113.50.

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Veralto Price Performance

NYSE:VLTO traded up $0.18 during trading hours on Thursday, hitting $95.61. 1,368,083 shares of the stock were exchanged, compared to its average volume of 1,472,018. The company has a market cap of $23.67 billion, a P/E ratio of 28.62, a P/E/G ratio of 4.24 and a beta of 1.11. The firm's fifty day moving average price is $100.33 and its 200 day moving average price is $105.00. Veralto Co. has a 52-week low of $85.90 and a 52-week high of $115.00. The company has a current ratio of 1.92, a quick ratio of 1.69 and a debt-to-equity ratio of 1.27.

Veralto (NYSE:VLTO - Get Free Report) last issued its earnings results 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, equities research analysts anticipate that Veralto Co. will post 3.66 EPS for the current fiscal year.

Veralto Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Monday, March 31st will be issued a $0.11 dividend. The ex-dividend date is Monday, March 31st. This represents a $0.44 annualized dividend and a dividend yield of 0.46%. Veralto's dividend payout ratio is presently 13.17%.

Insiders Place Their Bets

In other news, SVP Melissa Aquino sold 463 shares of Veralto stock in a transaction that occurred on Tuesday, February 11th. The shares were sold at an average price of $99.60, for a total transaction of $46,114.80. Following the sale, the senior vice president now owns 20,761 shares of the company's stock, valued at approximately $2,067,795.60. The trade was a 2.18 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Surekha Trivedi sold 590 shares of the stock in a transaction on Tuesday, February 25th. The stock was sold at an average price of $100.35, for a total value of $59,206.50. Following the transaction, the senior vice president now owns 8,470 shares of the company's stock, valued at approximately $849,964.50. This represents a 6.51 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 11,467 shares of company stock valued at $1,150,366 in the last three months. 0.31% of the stock is currently owned by insiders.

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.