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

Trium Capital LLP decreased its position in shares of Veralto Co. (NYSE:VLTO) by 69.1% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 5,942 shares of the company’s stock after selling 13,286 shares during the period. Veralto comprises about 0.1% of Trium Capital LLP’s holdings, 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 reporting period.

Other institutional investors have also recently made changes to their positions in the company. Ashton Thomas Securities LLC bought a new stake in Veralto during the third quarter worth about $25,000. Goodman Advisory Group LLC bought a new stake in shares of Veralto in the 2nd quarter worth approximately $26,000. Fairscale Capital LLC purchased a new stake in shares of Veralto in the 2nd quarter worth approximately $30,000. Raleigh Capital Management Inc. grew its stake in shares of Veralto by 692.3% in the 3rd quarter. Raleigh Capital Management Inc. now owns 309 shares of the company’s stock worth $35,000 after buying an additional 270 shares during the last quarter. Finally, Versant Capital Management Inc increased its position in Veralto by 140.1% during the 4th quarter. Versant Capital Management Inc now owns 437 shares of the company’s stock valued at $45,000 after buying an additional 255 shares in the last quarter. Institutional investors own 91.28% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Veralto Stock Down 1.0 %

Shares of Veralto stock opened at $102.98 on Friday. Veralto Co. has a twelve month low of $75.03 and a twelve month high of $115.00. The company has a quick ratio of 1.87, a current ratio of 2.13 and a debt-to-equity ratio of 1.35. The company’s 50 day moving average is $104.07 and its 200 day moving average is $105.76. The company has a market cap of $25.47 billion, a price-to-earnings ratio of 31.78, a price-to-earnings-growth ratio of 3.88 and a beta of 1.06.

Veralto (NYSE:VLTO) last released its quarterly earnings results on Wednesday, October 23rd. The company reported $0.89 earnings per share for the quarter, beating the consensus estimate of $0.85 by $0.04. Veralto had a return on equity of 52.85% and a net margin of 15.69%. The firm had revenue of $1.31 billion for the quarter, compared to analysts’ expectations of $1.30 billion. During the same period in the prior year, the firm earned $0.75 EPS. The company’s revenue was up 4.7% compared to the same quarter last year. Research analysts anticipate 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. Shareholders of record on Tuesday, December 31st will be given a $0.11 dividend. This represents a $0.44 annualized dividend and a yield of 0.43%. This is a boost from Veralto’s previous quarterly dividend of $0.09. The ex-dividend date of this dividend is Tuesday, December 31st. Veralto’s dividend payout ratio (DPR) is presently 13.58%.

Insider Buying and Selling at Veralto

In other news, SVP Surekha Trivedi sold 752 shares of the company’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 directly owns 10,413 shares in the company, valued at $1,071,601.83. This represents a 6.74 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Corporate insiders own 0.31% of the company’s stock.

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.