Quantbot Technologies LP Sells 88,422 Shares of Veralto Co. (NYSE:VLTO)

Quantbot Technologies LP reduced its holdings in Veralto Co. (NYSE:VLTO - Free Report) by 59.0% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 61,334 shares of the company's stock after selling 88,422 shares during the quarter. Quantbot Technologies LP's holdings in Veralto were worth $6,247,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the business. TD Private Client Wealth LLC increased its holdings in shares of Veralto by 3.5% in the fourth quarter. TD Private Client Wealth LLC now owns 12,684 shares of the company's stock worth $1,292,000 after acquiring an additional 424 shares in the last quarter. Lee Danner & Bass Inc. bought a new position in shares of Veralto during the fourth quarter worth about $43,000. Blueshift Asset Management LLC bought a new position in shares of Veralto during the fourth quarter worth about $428,000. Teacher Retirement System of Texas grew its holdings in shares of Veralto by 153.7% during the fourth quarter. Teacher Retirement System of Texas now owns 628,317 shares of the company's stock worth $63,994,000 after buying an additional 380,699 shares in the last quarter. Finally, Vinva Investment Management Ltd bought a new position in shares of Veralto during the fourth quarter worth about $1,034,000. 91.28% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the company. Royal Bank of Canada decreased their price objective on Veralto from $111.00 to $110.00 and set a "sector perform" rating for the company in a report on Thursday, February 6th. Jefferies Financial Group assumed coverage on Veralto in a report on Thursday, December 12th. They set a "buy" rating and a $125.00 price objective for the company. Stifel Nicolaus decreased their price objective on Veralto from $116.00 to $110.00 and set a "buy" rating for the company in a report on Thursday, February 6th. Finally, Citigroup decreased their price objective on Veralto from $118.00 to $116.00 and set a "neutral" rating for the company in a report on Monday, January 13th. Six analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $113.50.

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Veralto Stock Up 0.0 %

NYSE VLTO traded up $0.02 during trading hours on Tuesday, hitting $98.47. 1,315,759 shares of the company traded hands, compared to its average volume of 1,424,263. The business's 50-day moving average is $100.22 and its 200-day moving average is $104.72. Veralto Co. has a twelve month low of $85.91 and a twelve month high of $115.00. The company has a debt-to-equity ratio of 1.27, a quick ratio of 1.69 and a current ratio of 1.92. The stock has a market capitalization of $24.38 billion, a price-to-earnings ratio of 29.48, a P/E/G ratio of 4.24 and a beta of 1.11.

Veralto (NYSE:VLTO - Get Free Report) last issued its quarterly earnings results on Tuesday, February 4th. The company reported $0.95 EPS for the quarter, beating 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%. Sell-side analysts anticipate that Veralto Co. will post 3.66 earnings per share for the current year.

Veralto Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Monday, March 31st will be given a $0.11 dividend. The ex-dividend date is Monday, March 31st. This represents a $0.44 dividend on an annualized basis and a dividend yield of 0.45%. Veralto's payout ratio is 13.17%.

Insider Activity

In other news, CEO Jennifer Honeycutt sold 10,414 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 value of $1,045,044.90. Following the completion of the sale, the chief executive officer now directly owns 104,496 shares of the company's stock, valued at $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 is available at this link. Also, SVP Surekha Trivedi sold 590 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 $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. The trade was a 6.51 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 11,467 shares of company stock valued at $1,150,366 over the last three months. Insiders own 0.31% of the company's stock.

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.