US Bancorp DE Sells 5,964 Shares of Veralto Corporation $VLTO

US Bancorp DE decreased its stake in Veralto Corporation (NYSE:VLTO) by 16.3% in the 2nd quarter, Holdings Channel.com reports. The fund owned 30,664 shares of the company’s stock after selling 5,964 shares during the quarter. US Bancorp DE’s holdings in Veralto were worth $3,096,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of VLTO. Truvestments Capital LLC grew its holdings in shares of 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 in the last quarter. Grove Bank & Trust grew its holdings in shares of 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 in the last quarter. Ameritas Advisory Services LLC bought a new position in shares of Veralto in the 2nd quarter valued at about $51,000. Cloud Capital Management LLC bought a new position in shares of Veralto in the 1st quarter valued at about $64,000. Finally, Marshall & Sullivan Inc. WA bought a new position in shares of Veralto in the 2nd quarter valued at about $74,000. Institutional investors own 91.28% of the company’s stock.

Veralto Stock Performance

VLTO opened at $101.99 on Wednesday. The business has a fifty day simple moving average of $106.39 and a 200 day simple moving average of $101.02. The company has a market capitalization of $25.31 billion, a PE ratio of 28.49, a price-to-earnings-growth ratio of 3.35 and a beta of 0.90. Veralto Corporation has a 1 year low of $83.86 and a 1 year high of $115.00. 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 (NYSE:VLTO) last released its quarterly earnings results on Monday, July 28th. The company reported $0.93 earnings per share (EPS) for the quarter, beating the consensus estimate 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 firm’s quarterly revenue was up 6.4% on a year-over-year basis. During the same period in the previous year, the company 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. Research analysts expect that Veralto Corporation will post 3.66 EPS for the current year.

Veralto Dividend Announcement

The company also recently declared 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. The ex-dividend date is Tuesday, September 30th. This represents a $0.44 annualized dividend and a yield of 0.4%. Veralto’s payout ratio is 12.29%.

Analysts Set New Price Targets

Several brokerages have recently weighed in on VLTO. Barclays decreased their price objective on Veralto from $120.00 to $119.00 and set an “overweight” rating for the company in a report on Monday, October 6th. Robert W. Baird lifted their price target on Veralto from $106.00 to $112.00 and gave the stock a “neutral” rating in a report on Wednesday, July 30th. Royal Bank Of Canada lifted their price target on Veralto from $104.00 to $108.00 and gave the stock a “sector perform” rating in a report on Wednesday, July 30th. Raymond James Financial assumed coverage on Veralto in a report on Tuesday, August 26th. They set a “market perform” rating for the company. Finally, Stifel Nicolaus set a $120.00 price target on Veralto and gave the stock a “buy” rating in a report on Wednesday, July 30th. Six equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat, Veralto currently has a consensus rating of “Moderate Buy” and a consensus price target of $113.43.

Insider Transactions at Veralto

In related news, CEO Jennifer Honeycutt sold 10,646 shares of the business’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 sale, the chief executive officer directly owned 106,219 shares in the company, valued at approximately $11,286,830.94. The trade was a 9.11% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. 0.36% of the stock is owned by company insiders.

About Veralto

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.