Lmcg Investments LLC Has $535,000 Stock Position in Veralto Corporation $VLTO

Lmcg Investments LLC reduced its stake in Veralto Corporation (NYSE:VLTO) by 3.0% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 5,300 shares of the company’s stock after selling 166 shares during the quarter. Lmcg Investments LLC’s holdings in Veralto were worth $535,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Truvestments Capital LLC raised its holdings in Veralto by 148.5% in the 1st quarter. Truvestments Capital LLC now owns 328 shares of the company’s stock valued at $32,000 after acquiring an additional 196 shares during the period. Opal Wealth Advisors LLC bought a new position in Veralto in the 1st quarter valued at about $45,000. Ameritas Advisory Services LLC bought a new position in Veralto in the 2nd quarter valued at about $51,000. Grove Bank & Trust raised its holdings in Veralto by 198.2% in the 1st quarter. Grove Bank & Trust now owns 510 shares of the company’s stock valued at $50,000 after acquiring an additional 339 shares during the period. Finally, Cloud Capital Management LLC bought a new position in Veralto in the 1st quarter valued at about $64,000. 91.28% of the stock is owned by institutional investors.

Analysts Set New Price Targets

VLTO has been the topic of several research analyst reports. Royal Bank Of Canada increased their price target on shares of Veralto from $104.00 to $108.00 and gave the company a “sector perform” rating in a report on Wednesday, July 30th. Raymond James Financial initiated coverage on shares of Veralto in a report on Tuesday, August 26th. They set a “market perform” rating on the stock. Stifel Nicolaus set a $120.00 target price on shares of Veralto and gave the stock a “buy” rating in a report on Wednesday, July 30th. Weiss Ratings raised shares of Veralto from a “hold (c+)” rating to a “buy (b-)” rating in a report on Wednesday. Finally, Robert W. Baird raised their target price on shares of Veralto from $106.00 to $112.00 and gave the stock a “neutral” rating in a report on Wednesday, July 30th. Six analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Veralto presently has a consensus rating of “Moderate Buy” and an average price target of $113.43.

Veralto Stock Performance

Shares of NYSE:VLTO opened at $101.72 on Friday. The company’s 50 day simple moving average is $106.58 and its 200 day simple moving average is $100.96. The stock has a market capitalization of $25.24 billion, a price-to-earnings ratio of 28.41, a price-to-earnings-growth ratio of 3.38 and a beta of 0.90. The company has a debt-to-equity ratio of 1.00, a current ratio of 2.32 and a quick ratio of 2.06. Veralto Corporation has a 1 year low of $83.86 and a 1 year high of $115.00.

Veralto (NYSE:VLTO) last announced its quarterly earnings data on Monday, July 28th. The company reported $0.93 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.89 by $0.04. The business had revenue of $1.37 billion for the quarter, compared to analysts’ expectations of $1.34 billion. Veralto had a net margin of 16.65% and a return on equity of 41.45%. The firm’s quarterly revenue was up 6.4% compared to the same quarter last year. During the same period last year, the firm posted $0.85 earnings per share. Veralto has set its FY 2025 guidance at 3.720-3.800 EPS. Q3 2025 guidance at 0.910-0.950 EPS. As a group, research analysts predict that Veralto Corporation will post 3.66 EPS for the current fiscal year.

Veralto Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 31st. Investors of record on Tuesday, September 30th will be paid a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a yield of 0.4%. The ex-dividend date of this dividend is Tuesday, September 30th. Veralto’s dividend payout ratio (DPR) is 12.29%.

Insider Transactions at Veralto

In related news, CEO Jennifer Honeycutt sold 10,646 shares of Veralto stock in a transaction that occurred on Friday, August 29th. The shares were sold at an average price of $106.26, for a total value of $1,131,243.96. Following the transaction, the chief executive officer directly owned 106,219 shares of the company’s stock, valued at $11,286,830.94. This trade represents a 9.11% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.36% 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.