Trexquant Investment LP Has $5.92 Million Position in Veralto Co. (NYSE:VLTO)

Trexquant Investment LP cut its holdings in Veralto Co. (NYSE:VLTO) by 37.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 58,139 shares of the company’s stock after selling 34,837 shares during the quarter. Trexquant Investment LP’s holdings in Veralto were worth $5,921,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Savant Capital LLC boosted its holdings in Veralto by 0.5% in the fourth quarter. Savant Capital LLC now owns 20,177 shares of the company’s stock worth $2,055,000 after purchasing an additional 98 shares in the last quarter. Allworth Financial LP lifted its position in shares of Veralto by 19.4% in the fourth quarter. Allworth Financial LP now owns 622 shares of the company’s stock worth $64,000 after buying an additional 101 shares during the last quarter. Insigneo Advisory Services LLC boosted its stake in shares of Veralto by 1.8% during the 3rd quarter. Insigneo Advisory Services LLC now owns 5,767 shares of the company’s stock worth $645,000 after acquiring an additional 103 shares in the last quarter. Quent Capital LLC increased its holdings in shares of Veralto by 17.3% during the 4th quarter. Quent Capital LLC now owns 699 shares of the company’s stock valued at $71,000 after acquiring an additional 103 shares during the last quarter. Finally, Raleigh Capital Management Inc. increased its holdings in shares of Veralto by 35.3% during the 4th quarter. Raleigh Capital Management Inc. now owns 418 shares of the company’s stock valued at $43,000 after acquiring an additional 109 shares during the last quarter. 91.28% of the stock is owned by institutional investors.

Veralto Price Performance

Shares of VLTO stock opened at $88.71 on Friday. The company has a market capitalization of $22.00 billion, a P/E ratio of 26.56, a P/E/G ratio of 4.24 and a beta of 0.97. The company has a current ratio of 1.92, a quick ratio of 1.69 and a debt-to-equity ratio of 1.27. Veralto Co. has a 12 month low of $86.04 and a 12 month high of $115.00. The stock has a 50 day moving average of $98.73 and a two-hundred day moving average of $103.52.

Veralto (NYSE:VLTO) last posted its quarterly 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 net margin of 16.04% and a return on equity of 49.29%. As a group, equities analysts expect that Veralto Co. will post 3.66 EPS for the current year.

Veralto Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Monday, March 31st will be issued a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a yield of 0.50%. The ex-dividend date of this dividend is Monday, March 31st. Veralto’s payout ratio is 13.17%.

Insider Activity

In other Veralto news, SVP Melissa Aquino sold 463 shares of the company’s stock in a transaction dated Tuesday, February 11th. The shares were sold at an average price of $99.60, for a total transaction of $46,114.80. Following the sale, the senior vice president now directly owns 20,761 shares of the company’s stock, valued at approximately $2,067,795.60. This represents a 2.18 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Jennifer Honeycutt sold 10,414 shares of Veralto stock in a transaction that occurred on Tuesday, February 25th. The shares were sold at an average price of $100.35, for a total transaction of $1,045,044.90. Following the completion of the transaction, the chief executive officer now owns 104,496 shares of the company’s stock, valued at $10,486,173.60. This trade represents a 9.06 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 22,471 shares of company stock worth $2,234,030. Company insiders own 0.31% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have issued reports on VLTO. Jefferies Financial Group assumed 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. Citigroup cut their target price on shares of Veralto from $118.00 to $116.00 and set a “neutral” rating for the company in a research report on Monday, January 13th. Royal Bank of Canada lowered their price target on Veralto from $111.00 to $110.00 and set a “sector perform” rating on the stock in a research report on Thursday, February 6th. Finally, Stifel Nicolaus cut their price objective on Veralto from $116.00 to $110.00 and set a “buy” 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 issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $113.50.

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.