Deutsche Bank AG Grows Stake in Veralto Co. (NYSE:VLTO)

Deutsche Bank AG lifted its stake in Veralto Co. (NYSE:VLTO) by 23.6% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 1,367,986 shares of the company’s stock after acquiring an additional 261,202 shares during the quarter. Deutsche Bank AG’s holdings in Veralto were worth $139,329,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of the stock. Vanguard Group Inc. grew its position in Veralto by 0.5% in the fourth quarter. Vanguard Group Inc. now owns 29,347,185 shares of the company’s stock valued at $2,989,011,000 after acquiring an additional 146,234 shares in the last quarter. Amundi grew its holdings in Veralto by 2.3% during the 4th quarter. Amundi now owns 7,169,702 shares of the company’s stock valued at $731,084,000 after purchasing an additional 158,342 shares in the last quarter. Geode Capital Management LLC increased its stake in Veralto by 12.5% during the 4th quarter. Geode Capital Management LLC now owns 6,601,676 shares of the company’s stock worth $670,781,000 after buying an additional 733,056 shares during the period. Pictet Asset Management Holding SA lifted its holdings in Veralto by 1.2% in the 4th quarter. Pictet Asset Management Holding SA now owns 4,764,889 shares of the company’s stock worth $485,304,000 after buying an additional 54,795 shares in the last quarter. Finally, Invesco Ltd. boosted its position in Veralto by 9.7% in the 4th quarter. Invesco Ltd. now owns 4,541,367 shares of the company’s stock valued at $462,538,000 after buying an additional 401,228 shares during the last quarter. Institutional investors and hedge funds own 91.28% of the company’s stock.

Insider Activity

In related news, SVP Surekha Trivedi sold 590 shares of Veralto stock in a transaction dated Tuesday, February 25th. The stock was 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. The trade was a 6.51 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Jennifer Honeycutt sold 10,414 shares of the company’s stock in a transaction dated 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 sale, the chief executive officer now directly owns 104,496 shares of the company’s stock, valued at $10,486,173.60. The trade was a 9.06 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 64,578 shares of company stock worth $6,192,048 over the last three months. Corporate insiders own 0.36% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently commented on the company. Robert W. Baird boosted their price target on Veralto from $105.00 to $106.00 and gave the stock a “neutral” rating in a research note on Thursday, May 1st. Stifel Nicolaus increased their target price on Veralto from $102.00 to $104.00 and gave the company a “buy” rating in a research note on Thursday, May 1st. Royal Bank of Canada lifted their price target on shares of Veralto from $103.00 to $104.00 and gave the stock a “sector perform” rating in a research note on Thursday, May 1st. Citigroup reduced their price objective on shares of Veralto from $116.00 to $100.00 and set a “neutral” rating on the stock in a research note on Monday, April 14th. Finally, Northcoast Research started coverage on shares of Veralto in a research report on Tuesday, May 6th. They issued a “buy” rating and a $110.00 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 company. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $110.09.

Veralto Stock Down 0.2 %

Veralto stock opened at $97.07 on Friday. The firm has a market capitalization of $24.06 billion, a P/E ratio of 29.06, a P/E/G ratio of 4.24 and a beta of 0.99. The company has a 50-day simple moving average of $94.22 and a 200-day simple moving average of $99.78. Veralto Co. has a one year low of $83.87 and a one year high of $115.00. The company has a debt-to-equity ratio of 1.27, a quick ratio of 1.69 and a current ratio of 1.92.

Veralto (NYSE:VLTO) last announced its quarterly earnings results on Tuesday, April 29th. The company reported $0.95 EPS for the quarter, beating the consensus estimate of $0.87 by $0.08. The company had revenue of $1.33 billion for the quarter, compared to analyst estimates of $1.28 billion. Veralto had a net margin of 16.04% and a return on equity of 49.29%. Veralto’s revenue was up 6.9% compared to the same quarter last year. During the same quarter last year, the business earned $0.84 earnings per share. As a group, equities analysts expect that Veralto Co. will post 3.66 earnings per share for the current year.

Veralto Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 30th. Stockholders of record on Monday, March 31st were paid a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a dividend yield of 0.45%. The ex-dividend date was Monday, March 31st. Veralto’s dividend payout ratio is currently 12.57%.

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.