Veralto Co. (NYSE:VLTO) Shares Sold by Voya Investment Management LLC

Voya Investment Management LLC lowered its stake in shares of Veralto Co. (NYSE:VLTO - Free Report) by 22.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 363,358 shares of the company's stock after selling 106,355 shares during the quarter. Voya Investment Management LLC owned approximately 0.15% of Veralto worth $37,008,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in VLTO. Nordea Investment Management AB grew its holdings in Veralto by 34.6% during the 4th quarter. Nordea Investment Management AB now owns 3,923,747 shares of the company's stock worth $400,928,000 after acquiring an additional 1,009,170 shares in the last quarter. Park Avenue Securities LLC lifted its position in shares of Veralto by 18.4% during the fourth quarter. Park Avenue Securities LLC now owns 17,228 shares of the company's stock worth $1,755,000 after purchasing an additional 2,676 shares during the last quarter. Czech National Bank grew its stake in Veralto by 6.5% in 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. increased its holdings in Veralto by 15.5% in the fourth quarter. Assenagon Asset Management S.A. now owns 14,115 shares of the company's stock valued at $1,438,000 after buying an additional 1,889 shares during the last quarter. Finally, David Wealth Management LLC acquired a new stake in Veralto during the fourth quarter valued at approximately $1,013,000. Institutional investors own 91.28% of the company's stock.

Insider Activity

In other Veralto news, SVP Melissa Aquino sold 463 shares of the firm's stock in a transaction dated Tuesday, February 11th. The shares were sold at an average price of $99.60, for a total transaction of $46,114.80. Following the transaction, the senior vice president now owns 20,761 shares of the company's stock, valued at approximately $2,067,795.60. This trade represents a 2.18 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Surekha Trivedi sold 590 shares of the business'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 trade represents a 5.57 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 22,471 shares of company stock valued at $2,234,030. Company insiders own 0.36% of the company's stock.

Analyst Upgrades and Downgrades

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

Veralto Stock Performance

Shares of VLTO stock traded down $0.26 during trading hours on Monday, reaching $92.05. The stock had a trading volume of 1,172,191 shares, compared to its average volume of 1,473,918. The firm has a market capitalization of $22.83 billion, a PE ratio of 27.56, a price-to-earnings-growth ratio of 4.24 and a beta of 0.97. The firm has a 50-day simple moving average of $94.90 and a 200-day simple moving average of $100.77. Veralto Co. has a twelve month low of $83.87 and a twelve month high of $115.00. 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 announced its quarterly earnings results on Tuesday, February 4th. The company reported $0.95 EPS for the quarter, beating 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 forecast that Veralto Co. will post 3.66 earnings per share for the current year.

Veralto Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Monday, March 31st will be paid a $0.11 dividend. The ex-dividend date is Monday, March 31st. This represents a $0.44 annualized dividend and a dividend yield of 0.48%. Veralto's payout ratio is 13.17%.

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.