Hussman Strategic Advisors Inc. Cuts Stock Holdings in Veralto Corporation (NYSE:VLTO)

Hussman Strategic Advisors Inc. lessened its holdings in Veralto Corporation (NYSE:VLTO - Free Report) by 20.0% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 16,800 shares of the company's stock after selling 4,200 shares during the quarter. Hussman Strategic Advisors Inc.'s holdings in Veralto were worth $1,637,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of VLTO. Brighton Jones LLC lifted its position in Veralto by 16.1% during the fourth quarter. Brighton Jones LLC now owns 3,459 shares of the company's stock worth $352,000 after purchasing an additional 479 shares during the period. Proficio Capital Partners LLC bought a new position in shares of Veralto in the fourth quarter worth about $84,000. Connor Clark & Lunn Investment Management Ltd. lifted its holdings in shares of Veralto by 4.1% in the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 2,967 shares of the company's stock worth $302,000 after acquiring an additional 117 shares during the last quarter. Corient Private Wealth LLC lifted its holdings in shares of Veralto by 18.0% in the fourth quarter. Corient Private Wealth LLC now owns 136,551 shares of the company's stock worth $13,908,000 after acquiring an additional 20,798 shares during the last quarter. Finally, Cibc World Markets Corp lifted its holdings in shares of Veralto by 16.2% in the fourth quarter. Cibc World Markets Corp now owns 38,987 shares of the company's stock worth $3,971,000 after acquiring an additional 5,430 shares during the last quarter. Institutional investors own 91.28% of the company's stock.

Veralto Stock Up 0.4%

Shares of VLTO traded up $0.37 during trading hours on Friday, reaching $103.35. The stock had a trading volume of 1,863,942 shares, compared to its average volume of 1,404,247. Veralto Corporation has a 12 month low of $83.87 and a 12 month high of $115.00. The firm has a 50-day simple moving average of $100.61 and a 200 day simple moving average of $98.45. The company has a current ratio of 2.19, a quick ratio of 1.92 and a debt-to-equity ratio of 1.14. The company has a market capitalization of $25.62 billion, a price-to-earnings ratio of 29.53, a P/E/G ratio of 4.13 and a beta of 0.91.

Veralto (NYSE:VLTO - Get Free Report) last issued its earnings results on Tuesday, April 29th. The company reported $0.95 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.87 by $0.08. Veralto had a return on equity of 45.63% and a net margin of 16.56%. The company had revenue of $1.33 billion for the quarter, compared to analysts' expectations of $1.28 billion. During the same period last year, the business earned $0.84 EPS. Veralto's quarterly revenue was up 6.9% compared to the same quarter last year. Equities research analysts predict that Veralto Corporation will post 3.66 earnings per share for the current fiscal year.

Veralto Dividend Announcement

The firm 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 dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a dividend yield of 0.43%. The ex-dividend date is Monday, June 30th. Veralto's payout ratio is 12.57%.

Wall Street Analyst Weigh In

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

Insider Activity at Veralto

In other news, CEO Jennifer Honeycutt sold 10,418 shares of Veralto stock in a transaction on Wednesday, April 30th. The stock was sold at an average price of $95.00, for a total transaction of $989,710.00. Following the sale, the chief executive officer directly owned 106,219 shares in the company, valued at $10,090,805. The trade was a 8.93% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, SVP Surekha Trivedi sold 848 shares of Veralto stock in a transaction dated Monday, June 2nd. The stock was sold at an average price of $100.55, for a total value of $85,266.40. Following the completion of the sale, the senior vice president directly owned 8,433 shares of the company's stock, valued at approximately $847,938.15. This trade represents a 9.14% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 45,913 shares of company stock worth $4,339,370. 0.36% of the stock is owned by company insiders.

About Veralto

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.