Veralto Co. (NYSE:VLTO) Shares Sold by Virtu Financial LLC

Virtu Financial LLC trimmed its position in Veralto Co. (NYSE:VLTO) by 85.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,247 shares of the company’s stock after selling 13,576 shares during the quarter. Virtu Financial LLC’s holdings in Veralto were worth $229,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the company. TD Private Client Wealth LLC lifted its stake in shares of Veralto by 3.5% in the 4th quarter. TD Private Client Wealth LLC now owns 12,684 shares of the company’s stock valued at $1,292,000 after purchasing an additional 424 shares during the last quarter. Lee Danner & Bass Inc. acquired a new position in Veralto in the fourth quarter valued at about $43,000. Blueshift Asset Management LLC purchased a new position in Veralto during the fourth quarter worth about $428,000. Teacher Retirement System of Texas increased its position in shares of Veralto by 153.7% during the fourth quarter. Teacher Retirement System of Texas now owns 628,317 shares of the company’s stock valued at $63,994,000 after acquiring an additional 380,699 shares during the last quarter. Finally, Vinva Investment Management Ltd acquired a new stake in shares of Veralto during the fourth quarter valued at about $1,034,000. Hedge funds and other institutional investors own 91.28% of the company’s stock.

Veralto Trading Down 2.0 %

NYSE:VLTO opened at $95.97 on Friday. Veralto Co. has a 12-month low of $85.91 and a 12-month high of $115.00. The firm has a market cap of $23.76 billion, a PE ratio of 28.73, a price-to-earnings-growth ratio of 4.24 and a beta of 1.11. The company has a current ratio of 1.92, a quick ratio of 1.69 and a debt-to-equity ratio of 1.27. The stock has a fifty day moving average price of $99.48 and a 200 day moving average price of $104.01.

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

Veralto Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Monday, March 31st will be paid 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 dividend yield of 0.46%. Veralto’s payout ratio is currently 13.17%.

Insider Activity at Veralto

In other news, CEO Jennifer Honeycutt sold 10,414 shares of the business’s stock in a transaction that occurred on Monday, March 24th. The shares were sold at an average price of $98.56, for a total transaction of $1,026,403.84. Following the completion of the sale, the chief executive officer now owns 116,637 shares in the company, valued at approximately $11,495,742.72. The trade was a 8.20 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Surekha Trivedi sold 590 shares of the stock in a transaction on Tuesday, February 25th. The shares were sold at an average price of $100.35, for a total transaction of $59,206.50. Following the completion of the transaction, the senior vice president now directly owns 8,470 shares in the company, valued at $849,964.50. This trade represents a 6.51 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 21,881 shares of company stock valued at $2,176,770 over the last quarter. 0.31% of the stock is owned by insiders.

Analyst Ratings Changes

Several equities analysts have recently commented on VLTO shares. Jefferies Financial Group began coverage on shares of Veralto in a report on Thursday, December 12th. They issued a “buy” rating and a $125.00 price objective on the stock. Citigroup decreased their price target on Veralto from $118.00 to $116.00 and set a “neutral” rating on the stock in a research note on Monday, January 13th. Royal Bank of Canada dropped their price objective on Veralto from $111.00 to $110.00 and set a “sector perform” rating for the company in a research note on Thursday, February 6th. Finally, Stifel Nicolaus decreased their target price on Veralto from $116.00 to $110.00 and set a “buy” rating on the stock in a research note on Thursday, February 6th. Six research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $113.50.

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.