Schroder Investment Management Group Decreases Stock Holdings in Veralto Co. (NYSE:VLTO)

Schroder Investment Management Group trimmed its position in Veralto Co. (NYSE:VLTO - Free Report) by 5.0% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 576,990 shares of the company's stock after selling 30,309 shares during the period. Schroder Investment Management Group owned 0.23% of Veralto worth $58,795,000 as of its most recent filing with the SEC.

Other hedge funds also recently modified their holdings of the company. Allianz SE bought a new stake in Veralto during the 4th quarter worth approximately $73,000. Allstate Corp acquired a new position in shares of Veralto during the fourth quarter worth $741,000. Brown Brothers Harriman & Co. grew its stake in shares of Veralto by 3.8% in the fourth quarter. Brown Brothers Harriman & Co. now owns 3,999 shares of the company's stock worth $407,000 after purchasing an additional 148 shares during the last quarter. DnB Asset Management AS grew its stake in shares of Veralto by 11.3% in the fourth quarter. DnB Asset Management AS now owns 83,170 shares of the company's stock worth $8,471,000 after purchasing an additional 8,464 shares during the last quarter. Finally, Pictet Asset Management Holding SA increased its holdings in Veralto by 1.2% in the fourth 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. Institutional investors and hedge funds own 91.28% of the company's stock.

Veralto Stock Down 5.5 %

Shares of Veralto stock traded down $5.19 during trading on Friday, reaching $88.71. 2,531,475 shares of the company traded hands, compared to its average volume of 1,498,490. 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 $22.00 billion, a PE ratio of 26.56, a P/E/G ratio of 4.24 and a beta of 0.97. The company has a 50 day moving average price of $98.73 and a 200-day moving average price of $103.48. Veralto Co. has a 1-year low of $86.04 and a 1-year high of $115.00.

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Veralto (NYSE:VLTO - Get Free Report) last released its quarterly earnings data on Tuesday, February 4th. The company reported $0.95 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.90 by $0.05. Veralto had a net margin of 16.04% and a return on equity of 49.29%. As a group, equities research analysts expect that Veralto Co. will post 3.66 earnings per share for the current fiscal year.

Veralto Announces Dividend

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 issued a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a dividend yield of 0.50%. The ex-dividend date of this dividend is Monday, March 31st. Veralto's dividend payout ratio is currently 13.17%.

Analyst Upgrades and Downgrades

A number of research firms have commented on VLTO. Jefferies Financial Group started coverage on Veralto in a research report on Thursday, December 12th. They issued a "buy" rating and a $125.00 price target on the stock. Stifel Nicolaus reduced their target price on Veralto from $116.00 to $110.00 and set a "buy" rating on the stock in a report on Thursday, February 6th. Citigroup decreased their target price on shares of Veralto from $118.00 to $116.00 and set a "neutral" rating for the company in a research report on Monday, January 13th. Finally, 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 report on Thursday, February 6th. Six analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $113.50.

Insider Transactions at Veralto

In related news, SVP Surekha Trivedi sold 590 shares of the company's stock in a transaction on Tuesday, April 1st. The stock was sold at an average price of $97.05, for a total transaction of $57,259.50. Following the completion of the sale, the senior vice president now owns 10,011 shares in the company, valued at approximately $971,567.55. This represents a 5.57 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, SVP Melissa Aquino sold 463 shares of the firm's stock in a transaction 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 transaction, the senior vice president now owns 20,761 shares in the company, valued at approximately $2,067,795.60. This trade represents a 2.18 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 22,471 shares of company stock valued at $2,234,030 over the last three months. Corporate 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.