Renaissance Technologies LLC Has $131.69 Million Stock Position in Veralto Co. (NYSE:VLTO)

Renaissance Technologies LLC reduced its holdings in Veralto Co. (NYSE:VLTO - Free Report) by 24.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,293,000 shares of the company's stock after selling 424,100 shares during the period. Renaissance Technologies LLC owned about 0.52% of Veralto worth $131,692,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Wellington Management Group LLP grew its holdings in shares of Veralto by 0.5% during the 3rd quarter. Wellington Management Group LLP now owns 523,760 shares of the company's stock valued at $58,588,000 after acquiring an additional 2,662 shares in the last quarter. Kovitz Investment Group Partners LLC grew its stake in Veralto by 120.2% in the third quarter. Kovitz Investment Group Partners LLC now owns 8,130 shares of the company's stock valued at $909,000 after purchasing an additional 4,438 shares in the last quarter. MML Investors Services LLC increased its position in Veralto by 4.3% in the 3rd quarter. MML Investors Services LLC now owns 51,041 shares of the company's stock worth $5,709,000 after purchasing an additional 2,109 shares during the last quarter. Nomura Asset Management Co. Ltd. raised its stake in shares of Veralto by 5.7% during the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 72,423 shares of the company's stock worth $8,101,000 after purchasing an additional 3,880 shares in the last quarter. Finally, LRI Investments LLC lifted its holdings in shares of Veralto by 308.2% during the 3rd quarter. LRI Investments LLC now owns 1,592 shares of the company's stock valued at $164,000 after buying an additional 1,202 shares during the last quarter. Hedge funds and other institutional investors own 91.28% of the company's stock.

Insiders Place Their Bets

In other news, SVP Surekha Trivedi sold 590 shares of the firm's stock in a transaction dated Tuesday, February 25th. The shares were 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 of the company's stock, valued at approximately $849,964.50. This trade represents a 6.51 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Melissa Aquino sold 463 shares of Veralto stock in a transaction that occurred on Tuesday, February 11th. The shares were sold at an average price of $99.60, for a total value of $46,114.80. Following the sale, the senior vice president now directly owns 20,761 shares in the company, valued at $2,067,795.60. The trade was a 2.18 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 22,471 shares of company stock worth $2,234,030 in the last ninety days. Insiders own 0.31% of the company's stock.

Veralto Stock Performance

NYSE:VLTO traded up $0.87 during midday trading on Monday, reaching $90.49. The stock had a trading volume of 230,009 shares, compared to its average volume of 1,502,211. The stock has a market capitalization of $22.45 billion, a P/E ratio of 27.09, a PEG ratio of 4.24 and a beta of 0.97. The company has a debt-to-equity ratio of 1.27, a current ratio of 1.92 and a quick ratio of 1.69. Veralto Co. has a 1-year low of $83.86 and a 1-year high of $115.00. The firm's fifty day simple moving average is $96.73 and its 200-day simple moving average is $102.42.

Veralto (NYSE:VLTO - Get Free Report) last posted its quarterly earnings data on Tuesday, February 4th. The company reported $0.95 EPS for the quarter, topping analysts' consensus estimates 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 forecast that Veralto Co. will post 3.66 EPS for the current fiscal 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 of this dividend is Monday, March 31st. This represents a $0.44 annualized dividend and a dividend yield of 0.49%. Veralto's dividend payout ratio is 13.17%.

Wall Street Analyst Weigh In

VLTO has been the topic of a number of research reports. Citigroup dropped their price objective on Veralto from $118.00 to $116.00 and set a "neutral" rating on the stock in a report on Monday, January 13th. Royal Bank of Canada dropped 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 note on Thursday, February 6th. Finally, Stifel Nicolaus reduced their price objective on shares of Veralto from $116.00 to $110.00 and set a "buy" rating for the company in a research note on Thursday, February 6th. Six analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $113.50.

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.