Vontobel Holding Ltd. Has $55.96 Million Stock Position in Veralto Co. (NYSE:VLTO)

Vontobel Holding Ltd. grew its position in shares of Veralto Co. (NYSE:VLTO - Free Report) by 4.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 549,428 shares of the company's stock after buying an additional 23,768 shares during the period. Vontobel Holding Ltd. owned about 0.22% of Veralto worth $55,959,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the company. Savant Capital LLC lifted its holdings in Veralto by 0.5% during the 4th quarter. Savant Capital LLC now owns 20,177 shares of the company's stock worth $2,055,000 after buying an additional 98 shares during the last quarter. Brown Brothers Harriman & Co. lifted its holdings in shares of Veralto by 2.6% in the 3rd quarter. Brown Brothers Harriman & Co. now owns 3,851 shares of the company's stock worth $431,000 after purchasing an additional 99 shares during the last quarter. Tokio Marine Asset Management Co. Ltd. lifted its holdings in shares of Veralto by 1.4% in the 3rd quarter. Tokio Marine Asset Management Co. Ltd. now owns 7,338 shares of the company's stock worth $821,000 after purchasing an additional 100 shares during the last quarter. Strategic Blueprint LLC lifted its holdings in shares of Veralto by 4.5% in the 3rd quarter. Strategic Blueprint LLC now owns 2,394 shares of the company's stock worth $268,000 after purchasing an additional 102 shares during the last quarter. Finally, Insigneo Advisory Services LLC lifted its holdings in shares of Veralto by 1.8% in the 3rd quarter. Insigneo Advisory Services LLC now owns 5,767 shares of the company's stock worth $645,000 after purchasing an additional 103 shares during the last quarter. Institutional investors own 91.28% of the company's stock.

Veralto Price Performance

Shares of VLTO stock traded down $0.23 during mid-day trading on Tuesday, hitting $97.76. 2,388,254 shares of the stock traded hands, compared to its average volume of 1,458,037. Veralto Co. has a twelve month low of $83.34 and a twelve month high of $115.00. The firm has a market cap of $24.18 billion, a price-to-earnings ratio of 29.27, a price-to-earnings-growth ratio of 4.21 and a beta of 1.06. The company's 50-day simple moving average is $102.03 and its 200-day simple moving average is $106.09. The company has a debt-to-equity ratio of 1.27, a quick ratio of 1.87 and a current ratio of 1.92.

Veralto (NYSE:VLTO - Get Free Report) last issued its quarterly earnings results on Tuesday, February 4th. The company reported $0.95 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.90 by $0.05. Veralto had a return on equity of 49.29% and a net margin of 16.04%. As a group, equities research analysts expect that Veralto Co. will post 3.63 earnings per share for the current year.

Veralto Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, January 31st. Stockholders of record on Tuesday, December 31st were given a dividend of $0.11 per share. The ex-dividend date was Tuesday, December 31st. This is a boost from Veralto's previous quarterly dividend of $0.09. This represents a $0.44 annualized dividend and a dividend yield of 0.45%. Veralto's dividend payout ratio (DPR) is 13.17%.

Analysts Set New Price Targets

VLTO has been the topic of several recent research reports. Royal Bank of Canada cut their price target on 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 cut their price target on Veralto from $116.00 to $110.00 and set a "buy" rating on the stock in a report on Thursday, February 6th. Citigroup cut their price target on Veralto from $118.00 to $116.00 and set a "neutral" rating on the stock in a report on Monday, January 13th. Finally, Jefferies Financial Group assumed coverage on Veralto in a research note on Thursday, December 12th. They set a "buy" rating and a $125.00 target price on the stock. Six investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, Veralto currently has an average rating of "Hold" and an average target price of $112.55.

Insider Activity

In related news, SVP Melissa Aquino sold 463 shares of Veralto stock in a transaction on Tuesday, February 11th. The stock was sold at an average price of $99.60, for a total value of $46,114.80. Following the transaction, the senior vice president now directly owns 20,761 shares in the company, valued at $2,067,795.60. The trade was a 2.18 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. 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.