Veralto Corporation $VLTO Shares Acquired by Vanguard Group Inc.

Vanguard Group Inc. boosted its holdings in Veralto Corporation (NYSE:VLTO) by 1.6% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 30,206,111 shares of the company’s stock after acquiring an additional 468,641 shares during the period. Vanguard Group Inc. owned 12.17% of Veralto worth $3,049,307,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in VLTO. Harbor Asset Planning Inc. purchased a new stake in Veralto in the second quarter valued at $26,000. Truvestments Capital LLC grew its holdings in shares of Veralto by 148.5% during the 1st quarter. Truvestments Capital LLC now owns 328 shares of the company’s stock worth $32,000 after purchasing an additional 196 shares during the period. Ameritas Advisory Services LLC acquired a new stake in shares of Veralto during the 2nd quarter worth about $51,000. Marshall & Sullivan Inc. WA purchased a new stake in Veralto in the 2nd quarter valued at about $74,000. Finally, IFP Advisors Inc raised its holdings in Veralto by 70.8% in the 2nd quarter. IFP Advisors Inc now owns 750 shares of the company’s stock valued at $76,000 after buying an additional 311 shares during the period. Institutional investors and hedge funds own 91.28% of the company’s stock.

Analysts Set New Price Targets

VLTO has been the subject of a number of recent analyst reports. UBS Group lifted their price target on shares of Veralto from $110.00 to $112.00 and gave the company a “neutral” rating in a research report on Wednesday, November 5th. Weiss Ratings upgraded shares of Veralto from a “hold (c+)” rating to a “buy (b-)” rating in a report on Wednesday, October 8th. Raymond James Financial initiated coverage on Veralto in a research report on Tuesday, August 26th. They issued a “market perform” rating on the stock. Royal Bank Of Canada raised their price target on Veralto from $108.00 to $111.00 and gave the stock a “sector perform” rating in a research report on Thursday, October 30th. Finally, 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. Six equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $115.25.

Insider Transactions at Veralto

In other news, CEO Jennifer Honeycutt sold 10,646 shares of the company’s stock in a transaction dated Friday, August 29th. The stock was sold at an average price of $106.26, for a total transaction 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 approximately $11,286,830.94. This represents a 9.11% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.36% of the stock is owned by company insiders.

Veralto Stock Down 1.0%

Shares of NYSE:VLTO opened at $97.28 on Friday. Veralto Corporation has a fifty-two week low of $83.86 and a fifty-two week high of $110.11. The firm’s 50 day moving average price is $102.72 and its 200 day moving average price is $102.72. The company has a quick ratio of 1.40, a current ratio of 1.57 and a debt-to-equity ratio of 0.69. The stock has a market cap of $24.16 billion, a price-to-earnings ratio of 26.65, a price-to-earnings-growth ratio of 3.07 and a beta of 0.89.

Veralto (NYSE:VLTO) last announced its quarterly earnings data on Tuesday, October 28th. The company reported $0.99 EPS for the quarter, beating analysts’ consensus estimates of $0.95 by $0.04. Veralto had a net margin of 16.75% and a return on equity of 38.69%. The company had revenue of $1.40 billion for the quarter, compared to the consensus estimate of $1.40 billion. During the same period in the prior year, the firm posted $0.89 EPS. The company’s quarterly revenue was up 6.8% compared to the same quarter last year. Veralto has set its FY 2025 guidance at 3.820-3.850 EPS. Q4 2025 guidance at 0.950-0.980 EPS. As a group, equities research analysts predict that Veralto Corporation will post 3.66 earnings per share for the current fiscal year.

Veralto Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, October 31st. Shareholders of record on Tuesday, September 30th were paid a $0.11 dividend. The ex-dividend date was Tuesday, September 30th. This represents a $0.44 dividend on an annualized basis and a yield of 0.5%. Veralto’s dividend payout ratio (DPR) is currently 12.05%.

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.