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

Schroder Investment Management Group trimmed its stake in Veralto Co. (NYSE:VLTO) by 5.0% in the 4th quarter, according to its most recent 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 period. Schroder Investment Management Group’s holdings in Veralto were worth $58,795,000 at the end of the most recent reporting period.

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

Veralto Trading Up 1.6 %

NYSE:VLTO opened at $97.57 on Tuesday. The firm has a 50-day simple moving average of $99.37 and a 200-day simple moving average of $103.85. Veralto Co. has a one year low of $85.91 and a one year high of $115.00. The firm 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. The company has a debt-to-equity ratio of 1.27, a quick ratio of 1.69 and a current ratio of 1.92.

Veralto (NYSE:VLTO) last posted 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 return on equity of 49.29% and a net margin of 16.04%. Equities analysts anticipate that Veralto Co. will post 3.66 EPS for the current fiscal 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 given a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a dividend yield of 0.45%. The ex-dividend date of this dividend is Monday, March 31st. Veralto’s payout ratio is presently 13.17%.

Analyst Ratings Changes

Several analysts have issued reports on the stock. Royal Bank of Canada decreased their price objective on shares of Veralto from $111.00 to $110.00 and set a “sector perform” rating for the company in a research note on Thursday, February 6th. Citigroup dropped their price objective on Veralto from $118.00 to $116.00 and set a “neutral” rating for the company in a report on Monday, January 13th. Stifel Nicolaus cut their price objective on Veralto from $116.00 to $110.00 and set a “buy” rating on the stock in a research report on Thursday, February 6th. Finally, Jefferies Financial Group started coverage on Veralto in a research report on Thursday, December 12th. They set a “buy” rating and a $125.00 target price for the company. Six 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 company currently has a consensus rating of “Hold” and a consensus target price of $113.50.

Insider Activity

In other Veralto news, SVP Melissa Aquino sold 463 shares of the company’s stock in a transaction that occurred on 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 in the company, valued at approximately $2,067,795.60. This represents a 2.18 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, SVP Surekha Trivedi sold 590 shares of the company’s stock in a transaction on Tuesday, February 25th. The shares were sold at an average price of $100.35, for a total value 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 approximately $849,964.50. The trade was a 6.51 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 21,881 shares of company stock worth $2,176,770. Insiders own 0.31% of the company’s stock.

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.