Worldquant Millennium Advisors LLC Has $14.33 Million Position in Veralto Co. (NYSE:VLTO)

Worldquant Millennium Advisors LLC cut its stake in shares of Veralto Co. (NYSE:VLTO - Free Report) by 3.3% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 140,655 shares of the company's stock after selling 4,778 shares during the quarter. Worldquant Millennium Advisors LLC owned approximately 0.06% of Veralto worth $14,326,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Williams Jones Wealth Management LLC. lifted its stake in shares of Veralto by 32.8% in the 4th quarter. Williams Jones Wealth Management LLC. now owns 123,502 shares of the company's stock valued at $12,579,000 after purchasing an additional 30,499 shares during the period. Woodline Partners LP acquired a new position in shares of Veralto in the 4th quarter valued at about $700,000. Vident Advisory LLC lifted its stake in shares of Veralto by 174.1% in the 4th quarter. Vident Advisory LLC now owns 9,644 shares of the company's stock valued at $982,000 after purchasing an additional 6,125 shares during the period. Sone Capital Management LLC acquired a new position in shares of Veralto in the 4th quarter valued at about $10,093,000. Finally, Virtus Investment Advisers Inc. acquired a new position in shares of Veralto in the 4th quarter valued at about $163,000. 91.28% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Veralto

In related news, SVP Melissa Aquino sold 31,689 shares of the company's stock in a transaction that occurred on Thursday, May 1st. The stock was 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 owns 17,434 shares in the company, valued at approximately $1,633,042.78. This represents a 64.51% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Jennifer Honeycutt sold 10,418 shares of the company's stock in a transaction that occurred on Wednesday, April 30th. The shares were sold at an average price of $95.00, for a total value of $989,710.00. Following the completion of the transaction, the chief executive officer now owns 106,219 shares in the company, valued at approximately $10,090,805. The trade was a 8.93% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 67,073 shares of company stock worth $6,442,018 in the last 90 days. Insiders own 0.36% of the company's stock.

Veralto Price Performance

Shares of NYSE VLTO opened at $100.52 on Thursday. Veralto Co. has a twelve month low of $83.87 and a twelve month high of $115.00. The stock's 50 day moving average price is $94.71 and its 200-day moving average price is $99.67. The company has a market capitalization of $24.92 billion, a PE ratio of 30.10, a PEG ratio of 4.24 and a beta of 0.99. The company has a quick ratio of 1.69, a current ratio of 1.92 and a debt-to-equity ratio of 1.27.

Veralto (NYSE:VLTO - Get Free Report) last announced its earnings results on Tuesday, April 29th. The company reported $0.95 earnings per share for the quarter, topping analysts' consensus estimates of $0.87 by $0.08. Veralto had a return on equity of 49.29% and a net margin of 16.04%. The firm had revenue of $1.33 billion for the quarter, compared to the consensus estimate of $1.28 billion. During the same quarter in the previous year, the business earned $0.84 EPS. The company's revenue was up 6.9% compared to the same quarter last year. On average, equities analysts anticipate that Veralto Co. will post 3.66 EPS for the current 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 $0.11 dividend. The ex-dividend date is Monday, June 30th. This represents a $0.44 dividend on an annualized basis and a dividend yield of 0.44%. Veralto's payout ratio is presently 12.57%.

Analyst Upgrades and Downgrades

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

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.

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