Voya Investment Management LLC Sells 106,355 Shares of Veralto Co. (NYSE:VLTO)

Voya Investment Management LLC trimmed its stake in Veralto Co. (NYSE:VLTO - Free Report) by 22.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 363,358 shares of the company's stock after selling 106,355 shares during the period. Voya Investment Management LLC owned about 0.15% of Veralto worth $37,008,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the business. Vanguard Group Inc. grew its holdings in Veralto by 0.5% during the 4th quarter. Vanguard Group Inc. now owns 29,347,185 shares of the company's stock worth $2,989,011,000 after acquiring an additional 146,234 shares during the period. Amundi lifted its position in shares of Veralto by 2.3% during the 4th quarter. Amundi now owns 7,169,702 shares of the company's stock worth $731,084,000 after buying an additional 158,342 shares in the last quarter. Geode Capital Management LLC grew its stake in Veralto by 12.5% in the 4th quarter. Geode Capital Management LLC now owns 6,601,676 shares of the company's stock valued at $670,781,000 after purchasing an additional 733,056 shares during the period. Pictet Asset Management Holding SA grew its stake in Veralto by 1.2% in the 4th quarter. Pictet Asset Management Holding SA now owns 4,764,889 shares of the company's stock valued at $485,304,000 after purchasing an additional 54,795 shares during the period. Finally, Invesco Ltd. grew its stake in Veralto by 9.7% in the 4th quarter. Invesco Ltd. now owns 4,541,367 shares of the company's stock valued at $462,538,000 after purchasing an additional 401,228 shares during the period. 91.28% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, CEO Jennifer Honeycutt sold 10,414 shares of the firm's stock in a transaction that occurred on 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 transaction, the chief executive officer now owns 104,496 shares of the company's stock, valued at approximately $10,486,173.60. This trade represents a 9.06 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, SVP Surekha Trivedi sold 590 shares of the firm's stock in a transaction that occurred on Tuesday, February 25th. The stock was sold at an average price of $100.35, for a total transaction of $59,206.50. Following the completion of the transaction, the senior vice president now directly owns 8,470 shares in the company, valued at approximately $849,964.50. The trade was a 6.51 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 22,471 shares of company stock valued at $2,234,030 in the last 90 days. 0.36% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of analysts recently issued reports on VLTO shares. Royal Bank of Canada dropped their price objective on Veralto from $111.00 to $110.00 and set a "sector perform" rating on the stock in a report on Thursday, February 6th. Stifel Nicolaus reduced their price objective on Veralto from $110.00 to $102.00 and set a "buy" rating on the stock in a research report on Wednesday, April 16th. Robert W. Baird raised their price target on Veralto from $105.00 to $106.00 and gave the stock a "neutral" rating in a research report on Thursday. Finally, Citigroup decreased their price objective 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. Six investment analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. According to MarketBeat.com, Veralto currently has a consensus rating of "Hold" and an average price target of $110.50.

Veralto Stock Performance

Shares of NYSE VLTO traded down $1.94 during trading on Thursday, reaching $93.96. 530,138 shares of the company traded hands, compared to its average volume of 1,477,835. The firm has a 50 day simple moving average of $94.76 and a 200-day simple moving average of $100.68. The company has a quick ratio of 1.69, a current ratio of 1.92 and a debt-to-equity ratio of 1.27. The stock has a market capitalization of $23.31 billion, a PE ratio of 28.11, a P/E/G ratio of 4.24 and a beta of 0.97. 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 quarterly earnings results on Tuesday, April 29th. The company reported $0.95 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.87 by $0.08. The firm had revenue of $1.33 billion for the quarter, compared to the consensus estimate of $1.28 billion. Veralto had a net margin of 16.04% and a return on equity of 49.29%. The business's quarterly revenue was up 6.9% compared to the same quarter last year. During the same quarter last year, the firm posted $0.84 EPS. Equities research analysts anticipate that Veralto Co. will post 3.66 earnings per share for the current year.

Veralto Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 30th. Stockholders of record on Monday, March 31st were issued a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a dividend yield of 0.47%. The ex-dividend date was Monday, March 31st. Veralto's payout ratio is presently 13.17%.

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.