Axa S.A. Sells 7,446 Shares of Veralto Co. (NYSE:VLTO)

Axa S.A. cut its position in Veralto Co. (NYSE:VLTO) by 64.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 4,043 shares of the company’s stock after selling 7,446 shares during the quarter. Axa S.A.’s holdings in Veralto were worth $412,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the company. Savant Capital LLC boosted its position in Veralto by 0.5% during the 4th quarter. Savant Capital LLC now owns 20,177 shares of the company’s stock worth $2,055,000 after buying an additional 98 shares during the period. Allworth Financial LP lifted its holdings in shares of Veralto by 19.4% during the fourth quarter. Allworth Financial LP now owns 622 shares of the company’s stock worth $64,000 after purchasing an additional 101 shares during the period. Quent Capital LLC grew its stake in shares of Veralto by 17.3% in the fourth quarter. Quent Capital LLC now owns 699 shares of the company’s stock worth $71,000 after purchasing an additional 103 shares during the last quarter. Raleigh Capital Management Inc. increased its holdings in Veralto by 35.3% in the fourth quarter. Raleigh Capital Management Inc. now owns 418 shares of the company’s stock valued at $43,000 after purchasing an additional 109 shares during the period. Finally, Coldstream Capital Management Inc. raised its position in Veralto by 1.7% during the 4th quarter. Coldstream Capital Management Inc. now owns 6,405 shares of the company’s stock worth $652,000 after purchasing an additional 110 shares during the last quarter. 91.28% of the stock is owned by institutional investors and hedge funds.

Veralto Price Performance

VLTO stock opened at $97.07 on Friday. The company has a debt-to-equity ratio of 1.27, a current ratio of 1.92 and a quick ratio of 1.69. The company’s 50-day moving average is $94.22 and its 200-day moving average is $99.86. The stock has a market capitalization of $24.06 billion, a PE ratio of 29.06, a price-to-earnings-growth ratio of 4.24 and a beta of 0.99. Veralto Co. has a 1 year low of $83.87 and a 1 year high of $115.00.

Veralto (NYSE:VLTO) last announced its quarterly earnings data on Tuesday, April 29th. The company reported $0.95 EPS for the quarter, beating analysts’ consensus estimates of $0.87 by $0.08. Veralto had a return on equity of 49.29% and a net margin of 16.04%. The firm had revenue of $1.33 billion during the quarter, compared to analysts’ expectations of $1.28 billion. During the same quarter last year, the firm posted $0.84 earnings per share. The company’s revenue for the quarter was up 6.9% compared to the same quarter last year. Equities research analysts expect that Veralto Co. will post 3.66 EPS for the current fiscal year.

Veralto Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 30th. Shareholders of record on Monday, March 31st were paid a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a dividend yield of 0.45%. The ex-dividend date of this dividend was Monday, March 31st. Veralto’s dividend payout ratio (DPR) is 12.57%.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the company. Royal Bank of Canada increased their price target on Veralto from $103.00 to $104.00 and gave the company a “sector perform” rating in a research note on Thursday, May 1st. Citigroup decreased their target price on shares of Veralto from $116.00 to $100.00 and set a “neutral” rating for the company in a research report on Monday, April 14th. Stifel Nicolaus upped their price objective on shares of Veralto from $102.00 to $104.00 and gave the company a “buy” rating in a research note on Thursday, May 1st. Northcoast Research initiated coverage on shares of Veralto in a research report on Tuesday. They set a “buy” rating and a $110.00 price objective for the company. Finally, Robert W. Baird boosted their target price on shares of Veralto from $105.00 to $106.00 and gave the company a “neutral” rating in a report on Thursday, May 1st. Six investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, Veralto currently has an average rating of “Hold” and an average price target of $110.09.

Insider Activity

In related news, SVP Surekha Trivedi sold 590 shares of Veralto stock in a transaction that occurred on Tuesday, February 25th. The stock was sold at an average price of $100.35, for a total transaction of $59,206.50. Following the transaction, the senior vice president now owns 8,470 shares of the company’s stock, valued at $849,964.50. The trade was a 6.51 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Jennifer Honeycutt sold 10,414 shares of the company’s stock in a transaction on Tuesday, February 25th. The stock was sold at an average price of $100.35, for a total value of $1,045,044.90. Following the sale, 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. Insiders sold 64,578 shares of company stock worth $6,192,048 over the last three months. 0.36% of the stock is currently owned by insiders.

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.