Wendell David Associates Inc. Lowers Stake in Veralto Corporation $VLTO

Wendell David Associates Inc. trimmed its stake in Veralto Corporation (NYSE:VLTO) by 0.9% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 11,765 shares of the company’s stock after selling 104 shares during the quarter. Wendell David Associates Inc.’s holdings in Veralto were worth $1,188,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. Harbor Asset Planning Inc. purchased a new stake in Veralto in the second quarter valued at approximately $26,000. Truvestments Capital LLC grew its holdings in Veralto by 148.5% in the first quarter. Truvestments Capital LLC now owns 328 shares of the company’s stock valued at $32,000 after purchasing an additional 196 shares during the period. Ameritas Advisory Services LLC purchased a new stake in Veralto in the second quarter valued at approximately $51,000. Cloud Capital Management LLC purchased a new stake in Veralto in the first quarter valued at approximately $64,000. Finally, Marshall & Sullivan Inc. WA purchased a new stake in Veralto in the second quarter valued at approximately $74,000. 91.28% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on VLTO shares. Weiss Ratings upgraded shares of Veralto from a “hold (c+)” rating to a “buy (b-)” rating in a report on Wednesday, October 8th. Robert W. Baird boosted their target price on shares of Veralto from $106.00 to $112.00 and gave the company a “neutral” rating in a report on Wednesday, July 30th. Wolfe Research upgraded shares of Veralto from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, July 30th. Raymond James Financial started coverage on shares of Veralto in a research note on Tuesday, August 26th. They set a “market perform” rating for the company. Finally, Barclays decreased their price objective on shares of Veralto from $120.00 to $119.00 and set an “overweight” rating for the company in a research note on Monday, October 6th. Six equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $113.43.

Veralto Price Performance

VLTO opened at $102.88 on Friday. The company has a quick ratio of 2.06, a current ratio of 2.32 and a debt-to-equity ratio of 1.00. Veralto Corporation has a 52-week low of $83.86 and a 52-week high of $115.00. The company has a 50 day moving average of $106.06 and a two-hundred day moving average of $101.11. The company has a market cap of $25.53 billion, a P/E ratio of 28.74, a P/E/G ratio of 3.39 and a beta of 0.90.

Veralto (NYSE:VLTO) last announced its earnings results on Monday, July 28th. The company reported $0.93 earnings per share 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 net margin of 16.65% and a return on equity of 41.45%. The business’s quarterly revenue was up 6.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $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. On average, analysts expect that Veralto Corporation will post 3.66 earnings per share for the current year.

Veralto Dividend Announcement

The company 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 $0.11 dividend. The ex-dividend date is Tuesday, September 30th. This represents a $0.44 annualized dividend and a dividend yield of 0.4%. Veralto’s dividend payout ratio is 12.29%.

Insider Buying and Selling at Veralto

In other news, CEO Jennifer Honeycutt sold 10,646 shares of the company’s stock in a transaction 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 completion of the transaction, the chief executive officer directly owned 106,219 shares in the company, valued at approximately $11,286,830.94. This represents a 9.11% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.36% of the company’s stock.

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.