XTX Topco Ltd Has $1.05 Million Holdings in Veralto Co. (NYSE:VLTO)

XTX Topco Ltd cut its holdings in Veralto Co. (NYSE:VLTO) by 6.1% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 10,969 shares of the company’s stock after selling 716 shares during the quarter. XTX Topco Ltd’s holdings in Veralto were worth $1,047,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of VLTO. Dimensional Fund Advisors LP acquired a new stake in Veralto in the fourth quarter valued at about $79,075,000. Janney Montgomery Scott LLC acquired a new stake in Veralto in the fourth quarter valued at about $2,573,000. Panagora Asset Management Inc. acquired a new stake in Veralto in the fourth quarter valued at about $342,000. Wells Fargo & Company MN acquired a new stake in shares of Veralto during the fourth quarter valued at about $25,633,000. Finally, Corient Private Wealth LLC boosted its stake in shares of Veralto by 7,475.3% during the fourth quarter. Corient Private Wealth LLC now owns 186,276 shares of the company’s stock valued at $15,323,000 after purchasing an additional 183,817 shares in the last quarter. 91.28% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

VLTO has been the topic of a number of recent research reports. Robert W. Baird lifted their price target on Veralto from $98.00 to $112.00 and gave the company a “neutral” rating in a research note on Monday, July 29th. TD Cowen lifted their price target on Veralto from $95.00 to $100.00 and gave the company a “hold” rating in a research note on Tuesday, July 30th. Deutsche Bank Aktiengesellschaft lifted their price target on Veralto from $100.00 to $109.00 and gave the company a “hold” rating in a research note on Monday, July 29th. Stifel Nicolaus lifted their price target on Veralto from $110.00 to $117.00 and gave the company a “buy” rating in a research note on Monday, July 29th. Finally, Royal Bank of Canada lifted their price target on Veralto from $101.00 to $108.00 and gave the company a “sector perform” rating in a research note on Monday, July 29th. Seven analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $104.46.

Insiders Place Their Bets

In other Veralto news, SVP Mattias Bystrom sold 3,000 shares of Veralto stock in a transaction that occurred on Monday, July 29th. The stock was sold at an average price of $105.89, for a total value of $317,670.00. Following the completion of the sale, the senior vice president now directly owns 31,045 shares in the company, valued at $3,287,355.05. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other news, SVP Surekha Trivedi sold 7,399 shares of the business’s stock in a transaction that occurred on Wednesday, August 21st. The stock was sold at an average price of $110.00, for a total transaction of $813,890.00. Following the completion of the sale, the senior vice president now owns 12,671 shares in the company, valued at $1,393,810. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, SVP Mattias Bystrom sold 3,000 shares of the business’s stock in a transaction that occurred on Monday, July 29th. The shares were sold at an average price of $105.89, for a total value of $317,670.00. Following the sale, the senior vice president now owns 31,045 shares of the company’s stock, valued at approximately $3,287,355.05. The disclosure for this sale can be found here. Over the last three months, insiders sold 25,096 shares of company stock worth $2,772,707. 0.31% of the stock is owned by corporate insiders.

Veralto Stock Performance

Shares of VLTO stock opened at $109.47 on Friday. The company has a market cap of $27.05 billion and a P/E ratio of 33.22. The stock has a 50 day simple moving average of $106.91 and a two-hundred day simple moving average of $98.81. The company has a debt-to-equity ratio of 1.56, a quick ratio of 1.70 and a current ratio of 1.96. Veralto Co. has a fifty-two week low of $65.51 and a fifty-two week high of $112.77.

Veralto (NYSE:VLTO) last issued its earnings results on Thursday, July 25th. The company reported $0.85 earnings per share for the quarter, topping analysts’ consensus estimates of $0.80 by $0.05. The business had revenue of $1.29 billion during the quarter, compared to the consensus estimate of $1.28 billion. Veralto had a return on equity of 58.82% and a net margin of 15.60%. The firm’s revenue for the quarter was up 2.8% on a year-over-year basis. During the same period in the previous year, the company posted $0.80 earnings per share. Research analysts forecast that Veralto Co. will post 3.45 earnings per share for the current year.

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.