Allianz Asset Management GmbH Takes Position in Veralto Co. (NYSE:VLTO)

Allianz Asset Management GmbH purchased a new position in Veralto Co. (NYSE:VLTOFree Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 147,310 shares of the company’s stock, valued at approximately $12,118,000. Allianz Asset Management GmbH owned about 0.06% of Veralto as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in VLTO. Brown Advisory Inc. bought a new stake in Veralto during the 4th quarter valued at about $528,018,000. Impax Asset Management Group plc bought a new position in Veralto in the 4th quarter valued at approximately $347,827,000. Norges Bank purchased a new stake in Veralto during the 4th quarter valued at $266,143,000. Franklin Resources Inc. bought a new stake in shares of Veralto in the 4th quarter worth $178,006,000. Finally, Massachusetts Financial Services Co. MA increased its holdings in shares of Veralto by 34,761.5% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 1,919,825 shares of the company’s stock worth $157,925,000 after purchasing an additional 1,914,318 shares in the last quarter. Institutional investors own 91.28% of the company’s stock.

Veralto Stock Performance

VLTO opened at $98.58 on Monday. The firm has a 50-day simple moving average of $93.60 and a two-hundred day simple moving average of $85.16. The company has a debt-to-equity ratio of 1.76, a current ratio of 1.83 and a quick ratio of 1.56. Veralto Co. has a 52 week low of $65.51 and a 52 week high of $102.58.

Veralto (NYSE:VLTOGet Free Report) last released its quarterly earnings data on Tuesday, April 23rd. The company reported $0.84 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.76 by $0.08. The firm had revenue of $1.25 billion during the quarter, compared to the consensus estimate of $1.23 billion. The firm’s revenue for the quarter was up 1.7% on a year-over-year basis. Equities analysts predict that Veralto Co. will post 3.34 EPS for the current year.

Veralto Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 31st. Shareholders of record on Friday, June 28th will be given a dividend of $0.09 per share. The ex-dividend date is Friday, June 28th. This represents a $0.36 annualized dividend and a yield of 0.37%.

Insider Transactions at Veralto

In related news, SVP Mattias Bystrom sold 302 shares of Veralto stock in a transaction dated Thursday, May 23rd. The stock was sold at an average price of $100.38, for a total value of $30,314.76. Following the completion of the transaction, the senior vice president now owns 34,045 shares in the company, valued at $3,417,437.10. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In other Veralto news, SVP Melissa Aquino sold 8,041 shares of the business’s stock in a transaction on Friday, April 26th. The shares were sold at an average price of $93.56, for a total transaction of $752,315.96. Following the transaction, the senior vice president now owns 20,761 shares in the company, valued at $1,942,399.16. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Mattias Bystrom sold 302 shares of the firm’s stock in a transaction dated Thursday, May 23rd. The stock was sold at an average price of $100.38, for a total transaction of $30,314.76. Following the completion of the sale, the senior vice president now owns 34,045 shares of the company’s stock, valued at approximately $3,417,437.10. The disclosure for this sale can be found here. Insiders own 0.31% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently commented on the company. Stifel Nicolaus increased their price objective on Veralto from $92.00 to $97.00 and gave the company a “buy” rating in a research report on Wednesday, April 17th. Royal Bank of Canada lifted their price target on shares of Veralto from $78.00 to $91.00 and gave the stock a “sector perform” rating in a research note on Thursday, February 8th. The Goldman Sachs Group assumed coverage on shares of Veralto in a research report on Friday, March 22nd. They set a “buy” rating and a $104.00 price objective on the stock. Robert W. Baird boosted their target price on shares of Veralto from $90.00 to $98.00 and gave the company a “neutral” rating in a research note on Thursday, April 25th. Finally, Citigroup raised their price target on Veralto from $89.00 to $94.00 and gave the stock a “neutral” rating in a research note on Monday, April 8th. Five equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $95.18.

Get Our Latest Research Report on VLTO

About Veralto

(Free Report)

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.

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Institutional Ownership by Quarter for Veralto (NYSE:VLTO)

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