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

Bank Julius Baer & Co. Ltd Zurich boosted its position in Veralto Co. (NYSE:VLTO) by 73.5% during the fourth quarter, according to the company in its most recent Form 13F filing 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 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Ashton Thomas Securities LLC purchased a new stake in Veralto during the third quarter valued at about $25,000. BankPlus Trust Department purchased a new stake in Veralto during the fourth quarter valued at about $29,000. Albion Financial Group UT boosted its position in Veralto by 2,100.0% during the fourth quarter. Albion Financial Group UT now owns 352 shares of the company’s stock valued at $36,000 after buying an additional 336 shares during the period. Geneos Wealth Management Inc. purchased a new stake in Veralto during the fourth quarter valued at about $42,000. Finally, Erste Asset Management GmbH purchased a new stake in Veralto during the third quarter valued at about $46,000. 91.28% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Veralto news, CEO Jennifer Honeycutt sold 10,414 shares of the firm’s stock in a transaction that occurred on Tuesday, February 25th. The shares were sold at an average price of $100.35, for a total transaction of $1,045,044.90. Following the completion of the transaction, the chief executive officer now owns 104,496 shares of the company’s stock, valued at approximately $10,486,173.60. This trade represents a 9.06 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Surekha Trivedi sold 590 shares of the firm’s stock in a transaction that occurred on Tuesday, February 25th. The shares were sold at an average price of $100.35, for a total transaction of $59,206.50. Following the transaction, the senior vice president now directly owns 8,470 shares of the company’s stock, valued at $849,964.50. This represents a 6.51 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 11,467 shares of company stock valued at $1,150,366 over the last three months. Corporate insiders own 0.31% of the company’s stock.

Wall Street Analyst Weigh In

VLTO has been the subject of several analyst reports. Citigroup cut their price target on shares of Veralto from $118.00 to $116.00 and set a “neutral” rating for the company in a research report on Monday, January 13th. Royal Bank of Canada dropped their target price on shares of Veralto from $111.00 to $110.00 and set a “sector perform” rating for the company in a report on Thursday, February 6th. Stifel Nicolaus dropped their target price on shares of Veralto from $116.00 to $110.00 and set a “buy” rating for the company in a report on Thursday, February 6th. Finally, Jefferies Financial Group initiated coverage on shares of Veralto in a report on Thursday, December 12th. They set a “buy” rating and a $125.00 target price for the company. Six investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, Veralto has an average rating of “Hold” and an average price target of $112.55.

Veralto Price Performance

VLTO stock opened at $100.16 on Monday. Veralto Co. has a 1 year low of $85.90 and a 1 year high of $115.00. The company has a market cap of $24.79 billion, a P/E ratio of 29.99, a PEG ratio of 4.24 and a beta of 1.11. The firm has a 50-day moving average of $100.69 and a 200 day moving average of $105.31. The company has a debt-to-equity ratio of 1.27, a current ratio of 1.92 and a quick ratio of 1.69.

Veralto (NYSE:VLTO) last released its quarterly earnings results on Tuesday, February 4th. The company reported $0.95 earnings per share (EPS) for the quarter, topping 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%. On average, sell-side analysts forecast that Veralto Co. will post 3.66 EPS for the current year.

Veralto Dividend Announcement

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 paid a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a yield of 0.44%. The ex-dividend date is Monday, March 31st. Veralto’s payout ratio is currently 13.17%.

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.