Schroder Investment Management Group Sells 30,309 Shares of Veralto Co. (NYSE:VLTO)

Schroder Investment Management Group cut its holdings in Veralto Co. (NYSE:VLTO) by 5.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 576,990 shares of the company’s stock after selling 30,309 shares during the quarter. Schroder Investment Management Group owned approximately 0.23% of Veralto worth $58,795,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of VLTO. OFI Invest Asset Management purchased a new stake in Veralto in the fourth quarter worth $26,000. BankPlus Trust Department bought a new position in Veralto in the 4th quarter worth $29,000. Albion Financial Group UT lifted its position in shares of Veralto by 2,100.0% in the 4th quarter. Albion Financial Group UT now owns 352 shares of the company’s stock worth $36,000 after purchasing an additional 336 shares during the period. Geneos Wealth Management Inc. bought a new stake in shares of Veralto during the 4th quarter valued at about $42,000. Finally, Raleigh Capital Management Inc. increased its position in shares of Veralto by 35.3% during the fourth quarter. Raleigh Capital Management Inc. now owns 418 shares of the company’s stock valued at $43,000 after buying an additional 109 shares during the period. Hedge funds and other institutional investors own 91.28% of the company’s stock.

Insider Transactions at Veralto

In related news, CEO Jennifer Honeycutt sold 10,414 shares of the firm’s stock in a transaction on Monday, March 24th. The stock was sold at an average price of $98.56, for a total value of $1,026,403.84. Following the transaction, the chief executive officer now directly owns 116,637 shares of the company’s stock, valued at approximately $11,495,742.72. This trade represents a 8.20 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Melissa Aquino sold 463 shares of the business’s 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 sale, the senior vice president now directly owns 20,761 shares of the company’s stock, valued at $2,067,795.60. This represents a 2.18 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 21,881 shares of company stock worth $2,176,770 over the last quarter. 0.31% of the stock is currently owned by insiders.

Veralto Trading Up 1.6 %

NYSE VLTO opened at $97.57 on Tuesday. Veralto Co. has a 12 month low of $85.91 and a 12 month high of $115.00. 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’s fifty day moving average price is $99.37 and its 200-day moving average price is $103.85. The stock has a market cap of $24.15 billion, a P/E ratio of 29.21, a P/E/G ratio of 4.24 and a beta of 1.11.

Veralto (NYSE:VLTO) last announced its quarterly earnings data 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 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 $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a dividend yield of 0.45%. The ex-dividend date is Monday, March 31st. Veralto’s payout ratio is 13.17%.

Analysts Set New Price Targets

VLTO has been the subject of several research analyst reports. Stifel Nicolaus lowered 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. Citigroup lowered their target price on Veralto from $118.00 to $116.00 and set a “neutral” rating for the company in a research note on Monday, January 13th. Jefferies Financial Group started coverage on Veralto in a report on Thursday, December 12th. They issued a “buy” rating and a $125.00 price objective for the company. Finally, Royal Bank of Canada lowered their price objective on 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 equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $113.50.

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.