Trium Capital LLP Sells 13,286 Shares of Veralto Co. (NYSE:VLTO)

Trium Capital LLP lowered its position in Veralto Co. (NYSE:VLTO) by 69.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 5,942 shares of the company’s stock after selling 13,286 shares during the quarter. Veralto comprises approximately 0.1% of Trium Capital LLP’s portfolio, making the stock its 25th largest holding. Trium Capital LLP’s holdings in Veralto were worth $605,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Oppenheimer Asset Management Inc. increased its stake in Veralto by 46.1% in the 2nd quarter. Oppenheimer Asset Management Inc. now owns 3,591 shares of the company’s stock worth $343,000 after acquiring an additional 1,133 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of Veralto by 3.6% during the second quarter. Dimensional Fund Advisors LP now owns 1,020,225 shares of the company’s stock worth $97,414,000 after purchasing an additional 35,345 shares in the last quarter. Citizens Financial Group Inc. RI bought a new position in shares of Veralto in the second quarter worth approximately $237,000. Mercer Global Advisors Inc. ADV raised its stake in Veralto by 4.5% in the second quarter. Mercer Global Advisors Inc. ADV now owns 9,014 shares of the company’s stock valued at $893,000 after purchasing an additional 387 shares in the last quarter. Finally, Meiji Yasuda Asset Management Co Ltd. lifted its position in Veralto by 15.0% during the second quarter. Meiji Yasuda Asset Management Co Ltd. now owns 3,802 shares of the company’s stock valued at $363,000 after purchasing an additional 496 shares during the last quarter. Hedge funds and other institutional investors own 91.28% of the company’s stock.

Veralto Price Performance

Shares of Veralto stock opened at $102.98 on Friday. The company has a debt-to-equity ratio of 1.35, a current ratio of 2.13 and a quick ratio of 1.87. Veralto Co. has a one year low of $75.03 and a one year high of $115.00. The business’s 50 day simple moving average is $104.07 and its two-hundred day simple moving average is $105.76. The stock has a market capitalization of $25.47 billion, a P/E ratio of 31.78, a price-to-earnings-growth ratio of 3.88 and a beta of 1.06.

Veralto (NYSE:VLTO) last issued its earnings results on Wednesday, October 23rd. The company reported $0.89 EPS for the quarter, topping the consensus estimate of $0.85 by $0.04. The company had revenue of $1.31 billion for the quarter, compared to the consensus estimate of $1.30 billion. Veralto had a net margin of 15.69% and a return on equity of 52.85%. The firm’s revenue for the quarter was up 4.7% on a year-over-year basis. During the same period in the previous year, the firm earned $0.75 earnings per share. Analysts forecast that Veralto Co. will post 3.48 EPS for the current year.

Veralto Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Tuesday, December 31st will be issued a dividend of $0.11 per share. This is a positive change from Veralto’s previous quarterly dividend of $0.09. This represents a $0.44 dividend on an annualized basis and a dividend yield of 0.43%. The ex-dividend date of this dividend is Tuesday, December 31st. Veralto’s dividend payout ratio is currently 13.58%.

Analyst Ratings Changes

A number of brokerages have recently commented on VLTO. Jefferies Financial Group started coverage on shares of Veralto in a report on Thursday, December 12th. They issued a “buy” rating and a $125.00 price target on the stock. Citigroup reduced their target price on Veralto from $118.00 to $116.00 and set a “neutral” rating on the stock in a research note on Monday, January 13th. BMO Capital Markets lifted their price target on Veralto from $117.00 to $119.00 and gave the stock an “outperform” rating in a research note on Monday, September 30th. Stifel Nicolaus reduced their price objective on Veralto from $119.00 to $117.00 and set a “buy” rating on the stock in a research report on Wednesday, December 11th. Finally, Royal Bank of Canada boosted their target price on Veralto from $108.00 to $111.00 and gave the stock a “sector perform” rating in a research report on Friday, October 25th. Six investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $113.27.

Insider Buying and Selling

In related news, SVP Surekha Trivedi sold 752 shares of the firm’s stock in a transaction on Friday, November 1st. The stock was sold at an average price of $102.91, for a total value of $77,388.32. Following the completion of the sale, the senior vice president now owns 10,413 shares of the company’s stock, valued at $1,071,601.83. This trade represents a 6.74 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.31% of the stock is owned by insiders.

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.