27,203 Shares in Veralto Co. (NYSE:VLTO) Acquired by Union Bancaire Privee UBP SA

Union Bancaire Privee UBP SA acquired a new stake in Veralto Co. (NYSE:VLTO) during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 27,203 shares of the company’s stock, valued at approximately $2,805,000.

A number of other institutional investors have also recently modified their holdings of the stock. Savant Capital LLC lifted its position in shares of Veralto by 0.5% during the 4th quarter. Savant Capital LLC now owns 20,177 shares of the company’s stock valued at $2,055,000 after acquiring an additional 98 shares during the period. Brown Brothers Harriman & Co. increased its stake in shares of Veralto by 2.6% in the third quarter. Brown Brothers Harriman & Co. now owns 3,851 shares of the company’s stock valued at $431,000 after buying an additional 99 shares during the period. Tokio Marine Asset Management Co. Ltd. increased its holdings in Veralto by 1.4% in the third 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 in the last quarter. Allworth Financial LP increased its holdings in Veralto by 19.4% in the fourth quarter. Allworth Financial LP now owns 622 shares of the company’s stock worth $64,000 after purchasing an additional 101 shares in the last quarter. Finally, Strategic Blueprint LLC increased its holdings in Veralto by 4.5% in the third quarter. Strategic Blueprint LLC now owns 2,394 shares of the company’s stock worth $268,000 after purchasing an additional 102 shares in the last quarter. 91.28% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, SVP Melissa Aquino sold 463 shares of the stock in a transaction that occurred 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 completion of the transaction, the senior vice president now owns 20,761 shares of the company’s stock, valued at approximately $2,067,795.60. This represents a 2.18 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.31% of the company’s stock.

Analysts Set New Price Targets

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

Veralto Trading Up 0.5 %

NYSE VLTO opened at $98.21 on Monday. Veralto Co. has a fifty-two week low of $85.70 and a fifty-two week 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. The stock has a 50 day simple moving average of $101.42 and a two-hundred day simple moving average of $105.93. The stock has a market cap of $24.29 billion, a P/E ratio of 29.41, a price-to-earnings-growth ratio of 4.24 and a beta of 1.06.

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

Veralto Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 31st. Shareholders of record on Tuesday, December 31st were issued a $0.11 dividend. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $0.44 annualized dividend and a yield of 0.45%. This is a boost from Veralto’s previous quarterly dividend of $0.09. Veralto’s dividend payout ratio (DPR) is 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.