Squarepoint Ops LLC Sells 35,334 Shares of Veralto Co. (NYSE:VLTO)

Squarepoint Ops LLC cut its holdings in shares of Veralto Co. (NYSE:VLTO) by 16.3% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 181,667 shares of the company’s stock after selling 35,334 shares during the quarter. Squarepoint Ops LLC owned approximately 0.07% of Veralto worth $17,344,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Fairscale Capital LLC bought a new stake in Veralto during the second quarter valued at about $30,000. LRI Investments LLC bought a new stake in Veralto during the first quarter valued at about $30,000. Hazlett Burt & Watson Inc. raised its holdings in Veralto by 11,100.0% during the second quarter. Hazlett Burt & Watson Inc. now owns 336 shares of the company’s stock valued at $32,000 after acquiring an additional 333 shares during the period. Newbridge Financial Services Group Inc. bought a new stake in Veralto during the fourth quarter valued at about $32,000. Finally, Mather Group LLC. purchased a new position in shares of Veralto during the first quarter valued at about $33,000. 91.28% of the stock is owned by institutional investors.

Veralto Trading Up 0.2 %

Shares of NYSE VLTO opened at $111.27 on Friday. The business’s 50 day moving average is $107.66 and its two-hundred day moving average is $99.26. The company has a debt-to-equity ratio of 1.56, a current ratio of 1.96 and a quick ratio of 1.70. Veralto Co. has a 1-year low of $65.51 and a 1-year high of $112.77. The stock has a market capitalization of $27.47 billion and a P/E ratio of 29.91.

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

Veralto Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 31st. Stockholders of record on Friday, September 27th will be paid a dividend of $0.09 per share. The ex-dividend date of this dividend is Friday, September 27th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 0.32%. Veralto’s dividend payout ratio is 9.68%.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on the company. Stifel Nicolaus raised their price objective on Veralto from $110.00 to $117.00 and gave the company a “buy” rating in a research report on Monday, July 29th. Deutsche Bank Aktiengesellschaft raised their price objective on Veralto from $100.00 to $109.00 and gave the company a “hold” rating in a research report on Monday, July 29th. The Goldman Sachs Group raised their price objective on Veralto from $104.00 to $116.00 and gave the company a “buy” rating in a research report on Monday, July 29th. TD Cowen raised their price objective on Veralto from $95.00 to $100.00 and gave the company a “hold” rating in a research report on Tuesday, July 30th. Finally, UBS Group assumed coverage on Veralto in a research report on Tuesday, August 13th. They set a “neutral” rating and a $118.00 price objective for the company. Seven equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat, Veralto has a consensus rating of “Moderate Buy” and a consensus price target of $104.46.

Insider Activity

In other news, CEO Jennifer Honeycutt sold 13,191 shares of the company’s stock in a transaction that occurred on Friday, August 30th. The stock was sold at an average price of $111.98, for a total transaction of $1,477,128.18. Following the transaction, the chief executive officer now owns 138,546 shares of the company’s stock, valued at $15,514,381.08. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In related news, CEO Jennifer Honeycutt sold 13,191 shares of the business’s stock in a transaction that occurred 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 sale, the chief executive officer now owns 138,546 shares in the company, valued at $15,514,381.08. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Surekha Trivedi sold 753 shares of the business’s stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $111.10, for a total value of $83,658.30. Following the completion of the sale, the senior vice president now owns 11,918 shares of the company’s stock, valued at approximately $1,324,089.80. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 25,096 shares of company stock valued at $2,772,707. 0.31% of the stock is currently owned by insiders.

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.