Trexquant Investment LP Sells 34,837 Shares of Veralto Co. (NYSE:VLTO)

Trexquant Investment LP reduced its holdings in Veralto Co. (NYSE:VLTO - Free Report) by 37.5% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 58,139 shares of the company's stock after selling 34,837 shares during the quarter. Trexquant Investment LP's holdings in Veralto were worth $5,921,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of VLTO. Nordea Investment Management AB lifted its stake in Veralto by 34.6% in the 4th quarter. Nordea Investment Management AB now owns 3,923,747 shares of the company's stock valued at $400,928,000 after buying an additional 1,009,170 shares in the last quarter. Park Avenue Securities LLC increased its position in shares of Veralto by 18.4% in the fourth quarter. Park Avenue Securities LLC now owns 17,228 shares of the company's stock worth $1,755,000 after acquiring an additional 2,676 shares in the last quarter. Czech National Bank lifted its stake in shares of Veralto by 6.5% during the fourth quarter. Czech National Bank now owns 53,622 shares of the company's stock worth $5,461,000 after purchasing an additional 3,284 shares in the last quarter. Assenagon Asset Management S.A. lifted its position in Veralto by 15.5% during the 4th quarter. Assenagon Asset Management S.A. now owns 14,115 shares of the company's stock worth $1,438,000 after acquiring an additional 1,889 shares in the last quarter. Finally, Quadrature Capital Ltd purchased a new position in shares of Veralto in the third quarter valued at $576,000. 91.28% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several brokerages have recently commented on VLTO. Citigroup reduced their price target on shares of Veralto from $118.00 to $116.00 and set a "neutral" rating on the stock in a research report on Monday, January 13th. Royal Bank of Canada cut their target price on shares of 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 shares of Veralto from $116.00 to $110.00 and set a "buy" rating for the company in a report on Thursday, February 6th. Finally, Jefferies Financial Group initiated coverage on shares of Veralto in a research note on Thursday, December 12th. They set a "buy" rating and a $125.00 target price on the stock. Six investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, Veralto currently has an average rating of "Hold" and a consensus target price of $113.50.

Insider Activity

In related news, CEO Jennifer Honeycutt sold 10,414 shares of the business's stock in a transaction 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 sale, the chief executive officer now owns 104,496 shares of the company's stock, valued at $10,486,173.60. The trade was a 9.06 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Surekha Trivedi sold 590 shares of the company's stock in a transaction dated 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 directly owns 10,011 shares in the company, valued at approximately $971,567.55. The trade was a 5.57 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 22,471 shares of company stock valued at $2,234,030. Insiders own 0.31% of the company's stock.

Veralto Stock Down 3.8 %

VLTO traded down $3.50 during midday trading on Thursday, hitting $87.63. 349,411 shares of the company's stock traded hands, compared to its average volume of 1,505,584. 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 company has a market cap of $21.74 billion, a PE ratio of 26.17, a price-to-earnings-growth ratio of 4.24 and a beta of 0.97. Veralto Co. has a one year low of $83.87 and a one year high of $115.00. The stock's fifty day simple moving average is $97.21 and its 200-day simple moving average is $102.78.

Veralto (NYSE:VLTO - Get Free Report) last posted its quarterly earnings data 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 net margin of 16.04% and a return on equity of 49.29%. As a group, equities analysts anticipate that Veralto Co. will post 3.66 earnings per share for the current fiscal year.

Veralto Dividend Announcement

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 $0.11 dividend. The ex-dividend date is Monday, March 31st. This represents a $0.44 annualized dividend and a yield of 0.50%. Veralto's dividend payout ratio is 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.