Private Trust Co. NA decreased its stake in Veralto Corporation (NYSE:VLTO – Free Report) by 16.8% in the 2nd quarter, Holdings Channel.com reports. The firm owned 978 shares of the company’s stock after selling 198 shares during the quarter. Private Trust Co. NA’s holdings in Veralto were worth $99,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Vanguard Group Inc. increased its holdings in shares of Veralto by 1.3% during the first quarter. Vanguard Group Inc. now owns 29,737,470 shares of the company’s stock worth $2,897,916,000 after buying an additional 390,285 shares in the last quarter. T. Rowe Price Investment Management Inc. grew its position in Veralto by 8.3% during the 1st quarter. T. Rowe Price Investment Management Inc. now owns 10,541,438 shares of the company’s stock worth $1,027,264,000 after acquiring an additional 811,843 shares during the last quarter. Alliancebernstein L.P. grew its position in Veralto by 28.0% during the 1st quarter. Alliancebernstein L.P. now owns 6,235,563 shares of the company’s stock worth $607,656,000 after acquiring an additional 1,363,502 shares during the last quarter. Invesco Ltd. increased its holdings in Veralto by 6.9% in the 1st quarter. Invesco Ltd. now owns 4,856,071 shares of the company’s stock worth $473,224,000 after purchasing an additional 314,704 shares in the last quarter. Finally, Bank of New York Mellon Corp raised its position in Veralto by 13.6% in the first quarter. Bank of New York Mellon Corp now owns 4,259,348 shares of the company’s stock valued at $415,074,000 after purchasing an additional 509,104 shares during the last quarter. Institutional investors own 91.28% of the company’s stock.
Wall Street Analyst Weigh In
Several analysts have recently weighed in on VLTO shares. Barclays reduced their price target on Veralto from $120.00 to $119.00 and set an “overweight” rating on the stock in a report on Monday, October 6th. Royal Bank Of Canada lifted their target price on shares of Veralto from $104.00 to $108.00 and gave the stock a “sector perform” rating in a research report on Wednesday, July 30th. Robert W. Baird upped their price target on shares of Veralto from $106.00 to $112.00 and gave the company a “neutral” rating in a research report on Wednesday, July 30th. Weiss Ratings upgraded shares of Veralto from a “hold (c+)” rating to a “buy (b-)” rating in a report on Wednesday, October 8th. Finally, Raymond James Financial assumed coverage on shares of Veralto in a research note on Tuesday, August 26th. They issued a “market perform” rating on the stock. Six analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $113.43.
Insider Activity at Veralto
In other news, CEO Jennifer Honeycutt sold 10,646 shares of the firm’s stock in a transaction that occurred on Friday, August 29th. The shares were sold at an average price of $106.26, for a total transaction of $1,131,243.96. Following the completion of the sale, the chief executive officer 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 sale was disclosed in a filing with the SEC, which is available through this link. 0.36% of the stock is currently owned by company insiders.
Veralto Price Performance
Shares of NYSE VLTO opened at $103.71 on Thursday. The company has a market capitalization of $25.74 billion, a PE ratio of 28.97, a P/E/G ratio of 3.42 and a beta of 0.90. 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 twelve month low of $83.86 and a twelve month high of $115.00. The firm has a fifty day simple moving average of $105.78 and a 200 day simple moving average of $101.30.
Veralto (NYSE:VLTO – Get Free Report) last posted its quarterly earnings data on Monday, July 28th. The company reported $0.93 earnings per share for the quarter, topping the consensus estimate of $0.89 by $0.04. Veralto had a return on equity of 41.45% and a net margin of 16.65%.The firm had revenue of $1.37 billion during the quarter, compared to analyst estimates of $1.34 billion. During the same period last year, the company posted $0.85 EPS. The business’s quarterly revenue was up 6.4% on a year-over-year basis. Veralto has set its FY 2025 guidance at 3.720-3.800 EPS. Q3 2025 guidance at 0.910-0.950 EPS. On average, sell-side analysts forecast that Veralto Corporation will post 3.66 EPS for the current year.
Veralto Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Friday, October 31st. Shareholders of record on Tuesday, September 30th will be issued 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 is Tuesday, September 30th. Veralto’s dividend payout ratio is presently 12.29%.
Veralto 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.
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