WINTON GROUP Ltd Has $390,000 Stock Position in Veralto Co. (NYSE:VLTO)

WINTON GROUP Ltd trimmed its position in shares of Veralto Co. (NYSE:VLTO) by 43.3% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 4,086 shares of the company’s stock after selling 3,126 shares during the quarter. WINTON GROUP Ltd’s holdings in Veralto were worth $390,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the stock. Delta Asset Management LLC TN increased its holdings in shares of Veralto by 216.0% during the fourth quarter. Delta Asset Management LLC TN now owns 316 shares of the company’s stock valued at $26,000 after acquiring an additional 216 shares in the last quarter. Johnson Financial Group Inc. purchased a new position in shares of Veralto during the fourth quarter valued at approximately $27,000. Cassady Schiller Wealth Management LLC purchased a new position in Veralto in the fourth quarter worth $30,000. LRI Investments LLC purchased a new position in Veralto in the first quarter worth $30,000. Finally, Newbridge Financial Services Group Inc. purchased a new position in Veralto in the fourth quarter worth $32,000. 91.28% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on VLTO. UBS Group assumed coverage on Veralto in a research note on Tuesday, August 13th. They issued a “neutral” rating and a $118.00 target price on the stock. Deutsche Bank Aktiengesellschaft upped their target price on Veralto from $100.00 to $109.00 and gave the stock a “hold” rating in a research note on Monday, July 29th. Robert W. Baird upped their price objective on Veralto from $98.00 to $112.00 and gave the stock a “neutral” rating in a report on Monday, July 29th. Royal Bank of Canada increased their target price on Veralto from $101.00 to $108.00 and gave the company a “sector perform” rating in a report on Monday, July 29th. Finally, TD Cowen increased their price objective on Veralto from $95.00 to $100.00 and gave the stock a “hold” rating in a report on Tuesday, July 30th. Seven investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $104.46.

Veralto Price Performance

Shares of Veralto stock opened at $108.11 on Thursday. The firm has a market cap of $26.72 billion and a PE ratio of 33.22. Veralto Co. has a 12 month low of $65.51 and a 12 month high of $112.77. The stock has a 50 day moving average of $106.45 and a 200 day moving average of $98.51. The company has a current ratio of 1.96, a quick ratio of 1.70 and a debt-to-equity ratio of 1.56.

Veralto (NYSE:VLTO) last issued its quarterly earnings results on Thursday, July 25th. The company reported $0.85 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.80 by $0.05. Veralto had a return on equity of 58.82% and a net margin of 15.60%. The firm had revenue of $1.29 billion during the quarter, compared to analyst estimates of $1.28 billion. During the same period last year, the company earned $0.80 EPS. Veralto’s quarterly revenue was up 2.8% compared to the same quarter last year. On average, research analysts expect that Veralto Co. will post 3.45 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, SVP Surekha Trivedi sold 753 shares of Veralto stock in a transaction on Thursday, August 1st. The stock was sold at an average price of $106.72, for a total value of $80,360.16. Following the transaction, the senior vice president now directly owns 12,671 shares in the company, valued at approximately $1,352,249.12. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In related news, SVP Surekha Trivedi sold 753 shares of Veralto stock in a transaction dated Thursday, August 1st. The stock was sold at an average price of $106.72, for a total value of $80,360.16. Following the completion of the transaction, the senior vice president now owns 12,671 shares in the company, valued at approximately $1,352,249.12. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, SVP Mattias Bystrom sold 3,000 shares of the business’s 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 sale, the senior vice president now owns 31,045 shares of the company’s stock, valued at $3,287,355.05. The disclosure for this sale can be found here. Insiders have sold 25,096 shares of company stock worth $2,772,707 in the last ninety days. 0.31% of the stock is owned by company 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.