XTX Topco Ltd Sells 7,942 Shares of Veralto Co. (NYSE:VLTO)

XTX Topco Ltd reduced its position in Veralto Co. (NYSE:VLTO - Free Report) by 66.1% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 4,077 shares of the company's stock after selling 7,942 shares during the period. XTX Topco Ltd's holdings in Veralto were worth $415,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Norges Bank purchased a new stake in Veralto during the 4th quarter worth about $289,028,000. Nordea Investment Management AB grew its position in Veralto by 34.6% during the fourth quarter. Nordea Investment Management AB now owns 3,923,747 shares of the company's stock worth $400,928,000 after buying an additional 1,009,170 shares in the last quarter. Principal Financial Group Inc. increased its position in shares of Veralto by 207.2% in the third quarter. Principal Financial Group Inc. now owns 1,122,898 shares of the company's stock worth $125,608,000 after purchasing an additional 757,389 shares during the last quarter. Geode Capital Management LLC raised its stake in Veralto by 12.5% in the fourth quarter. Geode Capital Management LLC now owns 6,601,676 shares of the company's stock valued at $670,781,000 after purchasing an additional 733,056 shares in the last quarter. Finally, Raymond James Financial Inc. bought a new stake in Veralto during the fourth quarter valued at approximately $51,986,000. 91.28% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, SVP Surekha Trivedi sold 590 shares of the company's stock in a transaction dated Tuesday, February 25th. The shares were sold at an average price of $100.35, for a total value of $59,206.50. Following the sale, the senior vice president now owns 8,470 shares of the company's stock, valued at approximately $849,964.50. This represents a 6.51 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Melissa Aquino sold 463 shares of Veralto stock in a transaction dated Tuesday, February 11th. The stock was sold at an average price of $99.60, for a total value of $46,114.80. Following the completion of the sale, the senior vice president now owns 20,761 shares of the company's stock, valued at approximately $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 sold a total of 22,471 shares of company stock worth $2,234,030 over the last 90 days. 0.36% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

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

Veralto Trading Up 1.3 %

NYSE:VLTO traded up $1.17 on Thursday, reaching $91.72. The stock had a trading volume of 1,455,626 shares, compared to its average volume of 1,475,847. Veralto Co. has a 12-month low of $83.87 and a 12-month high of $115.00. The firm's fifty day moving average is $95.24 and its two-hundred day moving average is $101.34. The company has a market cap of $22.75 billion, a price-to-earnings ratio of 27.46, a P/E/G 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 (NYSE:VLTO - Get Free Report) last issued 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 net margin of 16.04% and a return on equity of 49.29%. Equities analysts expect that Veralto Co. will post 3.66 EPS for the current fiscal year.

Veralto Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Investors 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 yield of 0.48%. Veralto's dividend payout ratio is presently 13.17%.

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.