Veralto Co. (NYSE:VLTO) Shares Sold by Jacobs Levy Equity Management Inc.

Jacobs Levy Equity Management Inc. decreased its position in Veralto Co. (NYSE:VLTO - Free Report) by 13.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,612,826 shares of the company's stock after selling 251,212 shares during the quarter. Jacobs Levy Equity Management Inc. owned 0.65% of Veralto worth $164,266,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the company. Humankind Investments LLC raised its holdings in Veralto by 11.3% in the fourth quarter. Humankind Investments LLC now owns 5,326 shares of the company's stock valued at $542,000 after acquiring an additional 542 shares in the last quarter. Gotham Asset Management LLC raised its holdings in Veralto by 22.9% in the fourth quarter. Gotham Asset Management LLC now owns 147,993 shares of the company's stock valued at $15,073,000 after acquiring an additional 27,531 shares in the last quarter. Focus Partners Wealth raised its holdings in Veralto by 10.5% in the fourth quarter. Focus Partners Wealth now owns 53,471 shares of the company's stock valued at $5,449,000 after acquiring an additional 5,101 shares in the last quarter. Ellevest Inc. acquired a new stake in Veralto in the fourth quarter valued at approximately $231,000. Finally, Ensign Peak Advisors Inc raised its holdings in Veralto by 0.6% in the fourth quarter. Ensign Peak Advisors Inc now owns 208,363 shares of the company's stock valued at $21,222,000 after acquiring an additional 1,322 shares in the last quarter. Institutional investors and hedge funds own 91.28% of the company's stock.

Veralto Stock Performance

Shares of VLTO traded down $0.45 during mid-day trading on Wednesday, reaching $99.80. 1,482,172 shares of the company's stock were exchanged, compared to its average volume of 1,486,400. 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 stock has a market capitalization of $24.74 billion, a PE ratio of 29.88, a price-to-earnings-growth ratio of 4.24 and a beta of 0.99. The business's fifty day simple moving average is $94.29 and its 200-day simple moving average is $99.72. Veralto Co. has a 52-week low of $83.87 and a 52-week high of $115.00.

Veralto (NYSE:VLTO - Get Free Report) last announced 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. The business had revenue of $1.33 billion for the quarter, compared to analyst estimates of $1.28 billion. Veralto had a net margin of 16.04% and a return on equity of 49.29%. The company's revenue for the quarter was up 6.9% compared to the same quarter last year. During the same period last year, the firm posted $0.84 earnings per share. On average, equities research analysts expect that Veralto Co. will post 3.66 earnings per share for the current year.

Veralto Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 30th. Stockholders of record on Monday, March 31st were given a dividend of $0.11 per share. The ex-dividend date of this dividend was Monday, March 31st. This represents a $0.44 dividend on an annualized basis and a dividend yield of 0.44%. Veralto's dividend payout ratio (DPR) is presently 12.57%.

Insider Transactions at Veralto

In related news, SVP Melissa Aquino sold 31,689 shares of the stock in a transaction on Thursday, May 1st. The stock was sold at an average price of $93.67, for a total transaction of $2,968,308.63. Following the completion of the sale, the senior vice president now directly owns 17,434 shares of the company's stock, valued at $1,633,042.78. This trade represents a 64.51% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, SVP Surekha Trivedi sold 590 shares of the stock in a transaction on Tuesday, February 25th. The stock was sold at an average price of $100.35, for a total value of $59,206.50. Following the sale, 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. Over the last ninety days, insiders have sold 66,615 shares of company stock worth $6,395,833. Insiders own 0.36% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have commented on VLTO shares. Stifel Nicolaus increased their price target 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. 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 research note on Thursday, May 1st. Citigroup dropped their price target 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. Robert W. Baird increased their price target 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. Finally, Northcoast Research started coverage on shares of Veralto in a research note on Tuesday, May 6th. They issued a "buy" rating and a $110.00 price target on the stock. Six research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat, Veralto currently has an average rating of "Hold" and an average 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.