Janus Henderson Group PLC Sells 561,505 Shares of Veralto Co. (NYSE:VLTO)

Janus Henderson Group PLC trimmed its stake in Veralto Co. (NYSE:VLTO - Free Report) by 19.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 2,324,491 shares of the company's stock after selling 561,505 shares during the period. Janus Henderson Group PLC owned about 0.94% of Veralto worth $236,748,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the stock. Savant Capital LLC grew its position in Veralto by 0.5% in the fourth quarter. Savant Capital LLC now owns 20,177 shares of the company's stock valued at $2,055,000 after acquiring an additional 98 shares during the period. Allworth Financial LP grew its position in Veralto by 19.4% in the fourth quarter. Allworth Financial LP now owns 622 shares of the company's stock valued at $64,000 after acquiring an additional 101 shares during the period. Quent Capital LLC grew its position in Veralto by 17.3% in the fourth quarter. Quent Capital LLC now owns 699 shares of the company's stock valued at $71,000 after acquiring an additional 103 shares during the period. Raleigh Capital Management Inc. grew its position in Veralto by 35.3% in the fourth quarter. Raleigh Capital Management Inc. now owns 418 shares of the company's stock valued at $43,000 after acquiring an additional 109 shares during the period. Finally, Coldstream Capital Management Inc. grew its position in Veralto by 1.7% in the fourth quarter. Coldstream Capital Management Inc. now owns 6,405 shares of the company's stock valued at $652,000 after acquiring an additional 110 shares during the period. 91.28% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Veralto

In other Veralto news, SVP Lesley Beneteau sold 458 shares of the stock in a transaction dated Thursday, May 15th. The stock was sold at an average price of $100.84, for a total value of $46,184.72. Following the transaction, the senior vice president now owns 13,571 shares of the company's stock, valued at approximately $1,368,499.64. This 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 the SEC website. Also, CEO Jennifer Honeycutt sold 10,414 shares of the stock in a transaction dated Tuesday, February 25th. The shares were sold at an average price of $100.35, for a total value of $1,045,044.90. Following the completion of the transaction, the chief executive officer now directly owns 104,496 shares in the company, valued at $10,486,173.60. The trade was a 9.06% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 67,073 shares of company stock valued at $6,442,018. 0.36% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of research firms have commented on VLTO. Stifel Nicolaus boosted 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. Citigroup reduced their price objective on Veralto from $116.00 to $100.00 and set a "neutral" rating on the stock in a research note on Monday, April 14th. 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 research note on Thursday, May 1st. Robert W. Baird boosted 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, Northcoast Research began coverage on Veralto in a research note on Tuesday, May 6th. They issued a "buy" rating and a $110.00 price objective on the stock. Six equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat, Veralto currently has an average rating of "Hold" and a consensus target price of $110.09.

Veralto Trading Up 0.7%

Shares of VLTO traded up $0.74 during trading hours on Friday, hitting $101.67. 691,612 shares of the stock traded hands, compared to its average volume of 1,482,956. 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 $83.87 and a 1-year high of $115.00. The firm has a market capitalization of $25.20 billion, a PE ratio of 30.44, a price-to-earnings-growth ratio of 4.24 and a beta of 0.99. The business has a fifty day moving average of $94.40 and a 200-day moving average of $99.66.

Veralto (NYSE:VLTO - Get Free Report) last issued its quarterly earnings results on Tuesday, April 29th. The company reported $0.95 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.87 by $0.08. Veralto had a return on equity of 49.29% and a net margin of 16.04%. The business had revenue of $1.33 billion for the quarter, compared to analyst estimates of $1.28 billion. During the same quarter in the prior year, the firm posted $0.84 earnings per share. The firm's revenue for the quarter was up 6.9% compared to the same quarter last year. Analysts expect 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 annualized dividend and a yield of 0.43%. The ex-dividend date of this dividend is Monday, June 30th. Veralto's payout ratio is 12.57%.

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.