Veralto Co. (NYSE:VLTO) Stake Lessened by XTX Topco Ltd

XTX Topco Ltd trimmed its stake in shares of Veralto Co. (NYSE:VLTO) by 66.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 4,077 shares of the company’s stock after selling 7,942 shares during the quarter. XTX Topco Ltd’s holdings in Veralto were worth $415,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in VLTO. Bernard Wealth Management Corp. acquired a new stake in Veralto during the fourth quarter valued at approximately $25,000. OFI Invest Asset Management acquired a new stake in shares of Veralto during the 4th quarter valued at approximately $26,000. BankPlus Trust Department acquired a new stake in shares of Veralto during the 4th quarter valued at approximately $29,000. Albion Financial Group UT lifted its stake in Veralto by 2,100.0% during the fourth quarter. Albion Financial Group UT now owns 352 shares of the company’s stock worth $36,000 after purchasing an additional 336 shares during the last quarter. Finally, Geneos Wealth Management Inc. acquired a new position in Veralto in the fourth quarter worth $42,000. 91.28% of the stock is owned by institutional investors and hedge funds.

Veralto Stock Performance

Shares of VLTO stock opened at $87.19 on Tuesday. Veralto Co. has a 12-month low of $83.87 and a 12-month high of $115.00. 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 firm has a market capitalization of $21.63 billion, a price-to-earnings ratio of 26.10, a price-to-earnings-growth ratio of 4.24 and a beta of 0.97. The business has a 50 day simple moving average of $95.61 and a 200 day simple moving average of $101.50.

Veralto (NYSE:VLTO) last released its quarterly earnings results on Tuesday, February 4th. The company reported $0.95 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.90 by $0.05. Veralto had a return on equity of 49.29% and a net margin of 16.04%. On average, equities research analysts anticipate that Veralto Co. will post 3.66 EPS for the current year.

Veralto Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Monday, March 31st will be given a dividend of $0.11 per share. The ex-dividend date is Monday, March 31st. This represents a $0.44 dividend on an annualized basis and a dividend yield of 0.50%. Veralto’s dividend payout ratio (DPR) is 13.17%.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on VLTO. Royal Bank of Canada reduced their price target on shares of Veralto from $111.00 to $110.00 and set a “sector perform” rating on the stock in a research report on Thursday, February 6th. Citigroup decreased their target price on Veralto from $116.00 to $100.00 and set a “neutral” rating for the company in a research note on Monday, April 14th. Finally, Stifel Nicolaus dropped their price target on Veralto from $110.00 to $102.00 and set a “buy” rating on the stock in a research report on Wednesday, April 16th. 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 data from MarketBeat.com, Veralto currently has an average rating of “Hold” and an average price target of $111.10.

Insider Transactions at Veralto

In other Veralto news, SVP Surekha Trivedi sold 590 shares of the company’s stock in a transaction dated Tuesday, February 25th. The shares were sold at an average price of $100.35, for a total value of $59,206.50. Following the completion of 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 position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Jennifer Honeycutt sold 10,414 shares of Veralto 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 $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. This represents a 9.06 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 22,471 shares of company stock valued at $2,234,030. Company insiders own 0.36% of the company’s stock.

Veralto 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.