Veralto Co. (NYSE:VLTO) Shares Sold by Squarepoint Ops LLC

Squarepoint Ops LLC reduced its holdings in shares of Veralto Co. (NYSE:VLTO - Free Report) by 36.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 154,831 shares of the company's stock after selling 88,039 shares during the quarter. Squarepoint Ops LLC owned 0.06% of Veralto worth $15,770,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in VLTO. Norges Bank purchased a new position in shares of Veralto during the 4th quarter valued at approximately $289,028,000. First Trust Advisors LP boosted its stake in shares of Veralto by 222.3% during the 4th quarter. First Trust Advisors LP now owns 2,602,399 shares of the company's stock valued at $265,054,000 after buying an additional 1,794,992 shares during the last quarter. Champlain Investment Partners LLC purchased a new position in shares of Veralto during the 4th quarter valued at approximately $133,058,000. BNP Paribas Financial Markets purchased a new position in shares of Veralto during the 4th quarter valued at approximately $96,888,000. Finally, Geode Capital Management LLC boosted its stake in shares of Veralto by 12.5% during the 4th quarter. Geode Capital Management LLC now owns 6,601,676 shares of the company's stock valued at $670,781,000 after buying an additional 733,056 shares during the last quarter. 91.28% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts have recently commented on VLTO shares. Northcoast Research started coverage on Veralto in a research note on Tuesday, May 6th. They set a "buy" rating and a $110.00 target price for the company. Citigroup reduced their target price on Veralto from $116.00 to $100.00 and set a "neutral" rating for the company in a research note on Monday, April 14th. Stifel Nicolaus raised their price objective 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 raised their price objective on Veralto from $105.00 to $106.00 and gave the stock a "neutral" rating in a research note on Thursday, May 1st. Finally, Royal Bank of Canada raised their price objective on Veralto from $103.00 to $104.00 and gave the stock a "sector perform" rating in a research note on Thursday, May 1st. Six analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, Veralto presently has an average rating of "Hold" and an average target price of $110.09.

Veralto Stock Performance

VLTO stock traded up $0.69 during mid-day trading on Tuesday, reaching $101.15. The company had a trading volume of 243,852 shares, compared to its average volume of 1,461,913. The company has a quick ratio of 1.69, a current ratio of 1.92 and a debt-to-equity ratio of 1.27. The stock has a market capitalization of $25.07 billion, a P/E ratio of 30.29, a P/E/G ratio of 4.24 and a beta of 0.99. Veralto Co. has a one year low of $83.86 and a one year high of $115.00. The stock's 50-day simple moving average is $94.82 and its two-hundred day simple moving average is $99.55.

Veralto (NYSE:VLTO - Get Free Report) last posted its earnings results on Tuesday, April 29th. The company reported $0.95 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.87 by $0.08. The company had revenue of $1.33 billion for the quarter, compared to analysts' expectations of $1.28 billion. Veralto had a return on equity of 49.29% and a net margin of 16.04%. The firm's quarterly revenue was up 6.9% compared to the same quarter last year. During the same period last year, the business posted $0.84 earnings per share. Research analysts anticipate that Veralto Co. will post 3.66 EPS for the current year.

Veralto Announces Dividend

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

Insider Buying and Selling at Veralto

In other Veralto news, SVP Lesley Beneteau sold 458 shares of the firm's stock in a transaction on Thursday, May 15th. The stock was sold at an average price of $100.84, for a total value of $46,184.72. Following the sale, the senior vice president now directly owns 13,571 shares in the company, valued at approximately $1,368,499.64. This trade represents a 3.26% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, SVP Mattias Bystrom sold 2,500 shares of the firm's stock in a transaction on Monday, May 12th. The shares were sold at an average price of $99.96, for a total value of $249,900.00. Following the completion of the sale, the senior vice president now owns 32,430 shares in the company, valued at $3,241,702.80. The trade was a 7.16% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 56,069 shares of company stock worth $5,337,767. 0.36% of the stock is owned by insiders.

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.