Quantinno Capital Management LP Has $5.10 Million Holdings in Veralto Co. (NYSE:VLTO)

Quantinno Capital Management LP grew its position in shares of Veralto Co. (NYSE:VLTO - Free Report) by 12.6% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 50,078 shares of the company's stock after purchasing an additional 5,607 shares during the quarter. Quantinno Capital Management LP's holdings in Veralto were worth $5,101,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Norges Bank acquired a new position in Veralto in the fourth quarter worth approximately $289,028,000. First Trust Advisors LP raised its position in shares of Veralto by 222.3% during the fourth quarter. First Trust Advisors LP now owns 2,602,399 shares of the company's stock worth $265,054,000 after purchasing an additional 1,794,992 shares during the period. Champlain Investment Partners LLC purchased a new stake in shares of Veralto during the fourth quarter valued at $133,058,000. BNP Paribas Financial Markets acquired a new position in shares of Veralto in the 4th quarter valued at $96,888,000. Finally, Geode Capital Management LLC boosted its position in shares of Veralto by 12.5% in the 4th quarter. Geode Capital Management LLC now owns 6,601,676 shares of the company's stock valued at $670,781,000 after purchasing an additional 733,056 shares during the period. Institutional investors own 91.28% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms recently commented on VLTO. Northcoast Research assumed coverage on shares of Veralto in a research note on Tuesday, May 6th. They issued a "buy" rating and a $110.00 price objective for the company. Stifel Nicolaus upped their price target on Veralto from $102.00 to $104.00 and gave the stock a "buy" rating in a research note on Thursday, May 1st. Robert W. Baird upped their price target on shares of Veralto from $105.00 to $106.00 and gave the company a "neutral" rating in a report on Thursday, May 1st. Royal Bank of Canada increased their price target on shares of Veralto from $103.00 to $104.00 and gave the company a "sector perform" rating in a report on Thursday, May 1st. Finally, Citigroup decreased their price target on shares of Veralto from $116.00 to $100.00 and set a "neutral" rating on the stock in a research report on Monday, April 14th. Six analysts have rated the stock with a hold rating and five have issued a buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $110.09.

Insider Transactions at Veralto

In related news, SVP Lesley Beneteau sold 458 shares of the company's stock in a transaction dated Thursday, May 15th. The shares were sold at an average price of $100.84, for a total transaction of $46,184.72. Following the transaction, the senior vice president now owns 13,571 shares in the company, valued at $1,368,499.64. This represents a 3.26% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Surekha Trivedi sold 590 shares of the business's 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 completion of the transaction, the senior vice president now directly owns 8,470 shares of the company's stock, valued at approximately $849,964.50. This represents a 6.51% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 67,073 shares of company stock valued at $6,442,018. 0.36% of the stock is owned by insiders.

Veralto Price Performance

Shares of Veralto stock traded down $1.50 during trading on Wednesday, hitting $100.52. 1,063,419 shares of the company's stock traded hands, compared to its average volume of 1,477,666. Veralto Co. has a twelve month low of $83.87 and a twelve month high of $115.00. The company has a debt-to-equity ratio of 1.27, a current ratio of 1.92 and a quick ratio of 1.69. The company has a market cap of $24.92 billion, a PE ratio of 30.10, a PEG ratio of 4.24 and a beta of 0.99. The firm's fifty day moving average price is $94.66 and its 200 day moving average price is $99.66.

Veralto (NYSE:VLTO - Get Free Report) last released its quarterly earnings data on Tuesday, April 29th. The company reported $0.95 earnings per share 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 return on equity of 49.29% and a net margin of 16.04%. The company's revenue was up 6.9% compared to the same quarter last year. During the same period in the prior year, the company posted $0.84 EPS. Analysts forecast that Veralto Co. will post 3.66 earnings per share for the current year.

Veralto Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, July 31st. Stockholders of record on Monday, June 30th will be paid a $0.11 dividend. The ex-dividend date is Monday, June 30th. This represents a $0.44 annualized dividend and a dividend yield of 0.44%. Veralto's dividend payout ratio is presently 12.57%.

Veralto 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.