Veralto Co. (NYSE:VLTO) Stake Trimmed by Quantbot Technologies LP

Quantbot Technologies LP lessened its stake in shares of Veralto Co. (NYSE:VLTO) by 6.0% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 84,543 shares of the company’s stock after selling 5,444 shares during the period. Quantbot Technologies LP’s holdings in Veralto were worth $8,071,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the company. Orion Portfolio Solutions LLC acquired a new stake in shares of Veralto in the fourth quarter worth $3,202,000. Daiwa Securities Group Inc. grew its stake in Veralto by 78.3% during the 1st quarter. Daiwa Securities Group Inc. now owns 80,657 shares of the company’s stock valued at $7,151,000 after acquiring an additional 35,433 shares in the last quarter. Dimensional Fund Advisors LP acquired a new position in shares of Veralto in the 4th quarter valued at about $79,075,000. Wells Fargo & Company MN purchased a new stake in shares of Veralto in the fourth quarter worth approximately $25,633,000. Finally, Nomura Holdings Inc. acquired a new stake in shares of Veralto during the fourth quarter worth approximately $717,000. 91.28% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Veralto

In related news, SVP Surekha Trivedi sold 753 shares of the business’s stock in a transaction dated Thursday, August 1st. The stock was sold at an average price of $106.72, for a total transaction of $80,360.16. Following the transaction, the senior vice president now directly owns 12,671 shares in the company, valued at $1,352,249.12. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, SVP Surekha Trivedi sold 753 shares of the business’s stock in a transaction that occurred on Thursday, August 1st. The stock was sold at an average price of $106.72, for a total transaction of $80,360.16. Following the sale, the senior vice president now directly owns 12,671 shares in the company, valued at $1,352,249.12. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Jennifer Honeycutt sold 13,191 shares of the firm’s stock in a transaction on Friday, August 30th. The stock was sold at an average price of $111.98, for a total value of $1,477,128.18. Following the completion of the transaction, the chief executive officer now directly owns 138,546 shares of the company’s stock, valued at $15,514,381.08. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 25,096 shares of company stock worth $2,772,707. 0.31% of the stock is currently owned by company insiders.

Veralto Trading Up 0.7 %

Veralto stock opened at $110.02 on Monday. The business’s 50-day simple moving average is $105.66 and its 200-day simple moving average is $98.12. Veralto Co. has a 52 week low of $65.51 and a 52 week high of $112.77. The firm has a market capitalization of $27.19 billion and a PE ratio of 33.02. The company has a debt-to-equity ratio of 1.56, a quick ratio of 1.70 and a current ratio of 1.96.

Veralto (NYSE:VLTO) last issued its quarterly earnings results on Thursday, July 25th. The company reported $0.85 EPS for the quarter, topping the consensus estimate of $0.80 by $0.05. Veralto had a return on equity of 58.82% and a net margin of 15.60%. The company had revenue of $1.29 billion for the quarter, compared to the consensus estimate of $1.28 billion. During the same period in the previous year, the business posted $0.80 EPS. The company’s revenue for the quarter was up 2.8% on a year-over-year basis. Equities research analysts forecast that Veralto Co. will post 3.45 earnings per share for the current year.

Analyst Ratings Changes

Several research firms have weighed in on VLTO. Robert W. Baird upped their price objective on shares of Veralto from $98.00 to $112.00 and gave the company a “neutral” rating in a research note on Monday, July 29th. The Goldman Sachs Group increased their price objective on Veralto from $104.00 to $116.00 and gave the stock a “buy” rating in a report on Monday, July 29th. Deutsche Bank Aktiengesellschaft boosted their target price on Veralto from $100.00 to $109.00 and gave the company a “hold” rating in a research note on Monday, July 29th. TD Cowen lifted their price target on Veralto from $95.00 to $100.00 and gave the company a “hold” rating in a report on Tuesday, July 30th. Finally, Stifel Nicolaus increased their price objective on Veralto from $110.00 to $117.00 and gave the stock a “buy” rating in a report on Monday, July 29th. Seven analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $104.46.

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.