Worldquant Millennium Advisors LLC decreased its holdings in Veralto Co. (NYSE:VLTO - Free Report) by 3.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 140,655 shares of the company's stock after selling 4,778 shares during the quarter. Worldquant Millennium Advisors LLC owned about 0.06% of Veralto worth $14,326,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also recently bought and sold shares of VLTO. Barclays PLC raised its position in Veralto by 43.8% in the 3rd quarter. Barclays PLC now owns 729,081 shares of the company's stock valued at $81,556,000 after purchasing an additional 222,076 shares during the last quarter. JPMorgan Chase & Co. increased its stake in Veralto by 14.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 2,448,648 shares of the company's stock valued at $273,906,000 after buying an additional 314,412 shares during the period. Assenagon Asset Management S.A. increased its stake in Veralto by 15.5% in the 4th quarter. Assenagon Asset Management S.A. now owns 14,115 shares of the company's stock valued at $1,438,000 after buying an additional 1,889 shares during the period. Merit Financial Group LLC increased its stake in Veralto by 66.8% in the 4th quarter. Merit Financial Group LLC now owns 3,557 shares of the company's stock valued at $362,000 after buying an additional 1,425 shares during the period. Finally, HB Wealth Management LLC increased its stake in Veralto by 20.6% in the 4th quarter. HB Wealth Management LLC now owns 3,724 shares of the company's stock valued at $379,000 after buying an additional 635 shares during the period. Hedge funds and other institutional investors own 91.28% of the company's stock.
Wall Street Analysts Forecast Growth
Several brokerages have issued reports on VLTO. Stifel Nicolaus boosted their price objective on shares of Veralto from $102.00 to $104.00 and gave the company a "buy" rating in a research note on Thursday, May 1st. Robert W. Baird boosted their price objective on shares of Veralto from $105.00 to $106.00 and gave the company a "neutral" rating in a research note on Thursday, May 1st. Royal Bank of Canada boosted their price objective on shares of Veralto from $103.00 to $104.00 and gave the company a "sector perform" rating in a research note on Thursday, May 1st. Northcoast Research began coverage on shares of Veralto in a research note on Tuesday, May 6th. They issued a "buy" rating and a $110.00 price objective on the stock. Finally, Citigroup dropped their price objective on shares of Veralto from $116.00 to $100.00 and set a "neutral" rating on the stock in a research note on Monday, April 14th. Six analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and an average price target of $110.09.
Check Out Our Latest Report on VLTO
Veralto Price Performance
Shares of NYSE:VLTO traded up $0.69 on Tuesday, reaching $101.15. 243,852 shares of the company were exchanged, compared to its average volume of 1,461,913. The company has a current ratio of 1.92, a quick ratio of 1.69 and a debt-to-equity ratio of 1.27. Veralto Co. has a 1-year low of $83.86 and a 1-year high of $115.00. The firm has a market cap of $25.07 billion, a price-to-earnings ratio of 30.29, a price-to-earnings-growth ratio of 4.24 and a beta of 0.99. The company has a 50-day moving average of $94.82 and a 200-day moving average of $99.55.
Veralto (NYSE:VLTO - Get Free Report) last released its quarterly earnings data on Tuesday, April 29th. The company reported $0.95 EPS for the quarter, topping the consensus estimate of $0.87 by $0.08. Veralto had a net margin of 16.04% and a return on equity of 49.29%. The business had revenue of $1.33 billion for the quarter, compared to analyst estimates of $1.28 billion. During the same period in the previous year, the firm earned $0.84 EPS. The business's revenue for the quarter was up 6.9% compared to the same quarter last year. Equities analysts forecast that Veralto Co. will post 3.66 earnings per share for the current fiscal year.
Veralto Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, July 31st. Investors of record on Monday, June 30th will be given 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%.
Insider Buying and Selling
In other Veralto news, SVP Melissa Aquino sold 31,689 shares of the company's stock in a transaction dated Thursday, May 1st. The shares were sold at an average price of $93.67, for a total value of $2,968,308.63. Following the transaction, the senior vice president now directly owns 17,434 shares in the company, valued at approximately $1,633,042.78. This represents a 64.51% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Jennifer Honeycutt sold 10,414 shares of the company's stock in a transaction dated Monday, March 24th. The shares were sold at an average price of $98.56, for a total transaction of $1,026,403.84. Following the completion of the transaction, the chief executive officer now owns 116,637 shares in the company, valued at approximately $11,495,742.72. This trade represents a 8.20% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 56,069 shares of company stock worth $5,337,767 in the last three months. Corporate insiders own 0.36% of the company's stock.
Veralto Profile
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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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