Veralto Corporation $VLTO Shares Sold by DAVENPORT & Co LLC

DAVENPORT & Co LLC reduced its holdings in shares of Veralto Corporation (NYSE:VLTO) by 6.9% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 3,043 shares of the company’s stock after selling 227 shares during the quarter. DAVENPORT & Co LLC’s holdings in Veralto were worth $307,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also made changes to their positions in VLTO. Baldwin Investment Management LLC boosted its position in shares of Veralto by 3.4% in the 1st quarter. Baldwin Investment Management LLC now owns 3,219 shares of the company’s stock valued at $314,000 after purchasing an additional 106 shares during the period. Cambridge Investment Research Advisors Inc. boosted its position in shares of Veralto by 1.3% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 8,784 shares of the company’s stock valued at $856,000 after purchasing an additional 113 shares during the period. Phoenix Financial Ltd. boosted its position in shares of Veralto by 2.9% in the 1st quarter. Phoenix Financial Ltd. now owns 4,644 shares of the company’s stock valued at $454,000 after purchasing an additional 132 shares during the period. Meiji Yasuda Asset Management Co Ltd. boosted its position in shares of Veralto by 3.6% in the 1st quarter. Meiji Yasuda Asset Management Co Ltd. now owns 3,883 shares of the company’s stock valued at $378,000 after purchasing an additional 134 shares during the period. Finally, Argent Trust Co boosted its position in shares of Veralto by 1.8% in the 1st quarter. Argent Trust Co now owns 8,096 shares of the company’s stock valued at $789,000 after purchasing an additional 140 shares during the period. 91.28% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, CEO Jennifer Honeycutt sold 10,646 shares of the firm’s stock in a transaction that occurred on Friday, August 29th. The stock was sold at an average price of $106.26, for a total value of $1,131,243.96. Following the completion of 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 position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.36% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on VLTO. Weiss Ratings raised Veralto from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Wednesday, October 8th. Stifel Nicolaus set a $120.00 price objective on Veralto and gave the company a “buy” rating in a research note on Wednesday, July 30th. Royal Bank Of Canada upped their price objective on Veralto from $104.00 to $108.00 and gave the company a “sector perform” rating in a research note on Wednesday, July 30th. Barclays reduced their price objective on Veralto from $120.00 to $119.00 and set an “overweight” rating for the company in a research note on Monday, October 6th. Finally, Wolfe Research raised Veralto from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, July 30th. Six investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $113.43.

Veralto Stock Performance

Shares of VLTO stock opened at $101.72 on Monday. The company has a market cap of $25.24 billion, a price-to-earnings ratio of 28.41, a price-to-earnings-growth ratio of 3.36 and a beta of 0.90. The stock has a 50 day simple moving average of $106.58 and a 200-day simple moving average of $100.98. Veralto Corporation has a 12-month low of $83.86 and a 12-month high of $115.00. The company has a current ratio of 2.32, a quick ratio of 2.06 and a debt-to-equity ratio of 1.00.

Veralto (NYSE:VLTO) last issued its earnings results on Monday, July 28th. The company reported $0.93 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.89 by $0.04. The business had revenue of $1.37 billion during the quarter, compared to the consensus estimate of $1.34 billion. Veralto had a return on equity of 41.45% and a net margin of 16.65%.The company’s revenue for the quarter was up 6.4% on a year-over-year basis. During the same period in the prior year, the business posted $0.85 EPS. Veralto has set its FY 2025 guidance at 3.720-3.800 EPS. Q3 2025 guidance at 0.910-0.950 EPS. On average, equities analysts forecast that Veralto Corporation will post 3.66 EPS for the current year.

Veralto Announces Dividend

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

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.