DJE Kapital AG Buys New Holdings in Veralto Co. (NYSE:VLTO)

DJE Kapital AG bought a new stake in Veralto Co. (NYSE:VLTO) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 2,855 shares of the company’s stock, valued at approximately $292,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Ashton Thomas Securities LLC bought a new stake in Veralto in the 3rd quarter valued at about $25,000. BankPlus Trust Department bought a new stake in Veralto during the 4th quarter worth approximately $29,000. Albion Financial Group UT increased its holdings in Veralto by 2,100.0% during the 4th quarter. Albion Financial Group UT now owns 352 shares of the company’s stock worth $36,000 after purchasing an additional 336 shares in the last quarter. Geneos Wealth Management Inc. bought a new stake in Veralto during the 4th quarter worth approximately $42,000. Finally, Raleigh Capital Management Inc. increased its holdings in Veralto by 35.3% during the 4th quarter. Raleigh Capital Management Inc. now owns 418 shares of the company’s stock worth $43,000 after purchasing an additional 109 shares in the last quarter. 91.28% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on VLTO. 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. Jefferies Financial Group began coverage on Veralto in a report on Thursday, December 12th. They set a “buy” rating and a $125.00 price objective for the company. Stifel Nicolaus decreased their price objective on Veralto from $116.00 to $110.00 and set a “buy” rating for the company in a report on Thursday, February 6th. Finally, Royal Bank of Canada reduced their target price on Veralto from $111.00 to $110.00 and set a “sector perform” rating for the company in a report on Thursday, February 6th. Six analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $112.55.

Insider Activity at Veralto

In other Veralto news, 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 transaction of $59,206.50. Following the sale, the senior vice president now owns 8,470 shares in the company, valued at $849,964.50. This represents a 6.51 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, SVP Melissa Aquino sold 463 shares of the 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 sale, the senior vice president now owns 20,761 shares in the company, valued at approximately $2,067,795.60. This represents a 2.18 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 11,467 shares of company stock worth $1,150,366. Insiders own 0.31% of the company’s stock.

Veralto Price Performance

Veralto stock opened at $99.76 on Tuesday. Veralto Co. has a 12 month low of $85.90 and a 12 month 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. The business’s 50 day simple moving average is $101.06 and its 200 day simple moving average is $105.60. The company has a market cap of $24.70 billion, a price-to-earnings ratio of 29.87, a PEG ratio of 4.24 and a beta of 1.06.

Veralto (NYSE:VLTO) last posted its quarterly earnings data on Tuesday, February 4th. The company reported $0.95 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%. Sell-side analysts forecast that Veralto Co. will post 3.66 EPS for the current year.

Veralto Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 31st. Investors of record on Tuesday, December 31st were paid a $0.11 dividend. This is an increase from Veralto’s previous quarterly dividend of $0.09. The ex-dividend date was Tuesday, December 31st. This represents a $0.44 annualized dividend and a yield of 0.44%. Veralto’s dividend payout ratio is presently 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.