Taurus Asset Management LLC Cuts Stock Holdings in Veralto Co. (NYSE:VLTO)

Taurus Asset Management LLC lowered its stake in Veralto Co. (NYSE:VLTO) by 3.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 33,473 shares of the company’s stock after selling 1,100 shares during the period. Taurus Asset Management LLC’s holdings in Veralto were worth $3,409,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of VLTO. Barclays PLC increased its stake in Veralto by 43.8% in the 3rd quarter. Barclays PLC now owns 729,081 shares of the company’s stock worth $81,556,000 after purchasing an additional 222,076 shares during the period. Coldstream Capital Management Inc. increased its stake in shares of Veralto by 1.9% in the third quarter. Coldstream Capital Management Inc. now owns 6,295 shares of the company’s stock worth $703,000 after buying an additional 116 shares during the period. Toronto Dominion Bank raised its holdings in Veralto by 11.1% during the 3rd quarter. Toronto Dominion Bank now owns 123,559 shares of the company’s stock valued at $13,821,000 after buying an additional 12,350 shares during the last quarter. Virtu Financial LLC boosted its position in Veralto by 301.9% during the 3rd quarter. Virtu Financial LLC now owns 15,823 shares of the company’s stock valued at $1,770,000 after buying an additional 11,886 shares during the period. Finally, World Investment Advisors LLC bought a new stake in Veralto in the 3rd quarter worth $202,000. Institutional investors own 91.28% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on VLTO shares. Citigroup lowered their price objective on shares of Veralto from $118.00 to $116.00 and set a “neutral” rating for the company in a research note on Monday, January 13th. Royal Bank of Canada dropped their price objective on Veralto from $111.00 to $110.00 and set a “sector perform” rating for the company in a report on Thursday, February 6th. Finally, Stifel Nicolaus reduced their target price on Veralto from $116.00 to $110.00 and set a “buy” rating on the stock in a research note 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. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $113.50.

Insider Buying and Selling

In related news, SVP Surekha Trivedi sold 590 shares of the stock in a transaction dated Tuesday, February 25th. The shares were sold at an average price of $100.35, for a total transaction of $59,206.50. Following the sale, the senior vice president now directly owns 8,470 shares of the company’s stock, valued at approximately $849,964.50. This represents a 6.51 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, SVP Melissa Aquino sold 463 shares of the firm’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 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 disclosure for this sale can be found here. Insiders have sold 22,471 shares of company stock worth $2,234,030 in the last 90 days. Insiders own 0.31% of the company’s stock.

Veralto Trading Up 1.1 %

NYSE VLTO opened at $89.69 on Friday. The stock’s 50 day moving average is $96.73 and its 200 day moving average is $102.48. The company has a quick ratio of 1.69, a current ratio of 1.92 and a debt-to-equity ratio of 1.27. The firm has a market capitalization of $22.25 billion, a PE ratio of 26.85, a P/E/G ratio of 4.24 and a beta of 0.97. Veralto Co. has a twelve month low of $83.87 and a twelve month high of $115.00.

Veralto (NYSE:VLTO) last announced its earnings results on Tuesday, February 4th. The company reported $0.95 EPS for the quarter, beating 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%. Research analysts forecast that Veralto Co. will post 3.66 earnings per share for the current fiscal year.

Veralto Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Monday, March 31st will be given a $0.11 dividend. The ex-dividend date is Monday, March 31st. This represents a $0.44 dividend on an annualized basis and a dividend yield of 0.49%. Veralto’s dividend payout ratio is currently 13.17%.

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.