Veralto Co. (NYSE:VLTO) Shares Sold by Thematics Asset Management

Thematics Asset Management reduced its holdings in Veralto Co. (NYSE:VLTO - Free Report) by 6.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 119,882 shares of the company's stock after selling 8,000 shares during the period. Thematics Asset Management's holdings in Veralto were worth $12,210,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Vanguard Group Inc. lifted its position in shares of Veralto by 0.5% in the fourth quarter. Vanguard Group Inc. now owns 29,347,185 shares of the company's stock valued at $2,989,011,000 after acquiring an additional 146,234 shares in the last quarter. Amundi raised its stake in Veralto by 2.3% in the 4th quarter. Amundi now owns 7,169,702 shares of the company's stock valued at $731,084,000 after purchasing an additional 158,342 shares during the last quarter. Geode Capital Management LLC grew its holdings in shares of Veralto by 12.5% during the fourth quarter. Geode Capital Management LLC now owns 6,601,676 shares of the company's stock worth $670,781,000 after buying an additional 733,056 shares in the last quarter. Pictet Asset Management Holding SA grew its stake in Veralto by 1.2% during the 4th quarter. Pictet Asset Management Holding SA now owns 4,764,889 shares of the company's stock valued at $485,304,000 after acquiring an additional 54,795 shares in the last quarter. Finally, Invesco Ltd. lifted its stake in Veralto by 9.7% in the 4th quarter. Invesco Ltd. now owns 4,541,367 shares of the company's stock worth $462,538,000 after purchasing an additional 401,228 shares in the last quarter. 91.28% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Veralto

In other Veralto news, 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 sale, the senior vice president now owns 10,011 shares in the company, valued at $971,567.55. This represents a 5.57 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, SVP Melissa Aquino sold 463 shares of Veralto stock in a transaction dated Tuesday, February 11th. The shares were sold at an average price of $99.60, for a total value of $46,114.80. Following the completion of the transaction, the senior vice president now owns 20,761 shares of the company's stock, valued at $2,067,795.60. The trade was a 2.18 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 22,471 shares of company stock valued at $2,234,030 in the last 90 days. Company insiders own 0.36% of the company's stock.

Veralto Trading Up 1.3 %

Shares of VLTO traded up $1.17 during midday trading on Thursday, hitting $91.72. 1,455,626 shares of the stock were exchanged, compared to its average volume of 1,483,394. 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 firm has a market cap of $22.75 billion, a P/E ratio of 27.46, a P/E/G ratio of 4.24 and a beta of 0.97. Veralto Co. has a 52-week low of $83.87 and a 52-week high of $115.00. The stock has a fifty day simple moving average of $95.24 and a 200 day simple moving average of $101.34.

Veralto (NYSE:VLTO - Get Free Report) last released its earnings results on Tuesday, February 4th. The company reported $0.95 earnings per share 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%. On average, research analysts anticipate that Veralto Co. will post 3.66 EPS for the current fiscal year.

Veralto Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Monday, March 31st will be issued 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 yield of 0.48%. Veralto's dividend payout ratio (DPR) is presently 13.17%.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on VLTO shares. Stifel Nicolaus lowered their price objective on Veralto from $110.00 to $102.00 and set a "buy" rating on the stock in a research note on Wednesday, April 16th. Citigroup lowered their price target on shares of Veralto from $116.00 to $100.00 and set a "neutral" rating on the stock in a research report on Monday, April 14th. Finally, Royal Bank of Canada cut their price objective on shares of Veralto from $111.00 to $110.00 and set a "sector perform" rating for the company in a research report on Thursday, February 6th. Six research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $111.10.

About Veralto

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.