Laurel Wealth Advisors LLC Increases Stock Holdings in Veralto Corporation $VLTO

Laurel Wealth Advisors LLC raised its holdings in Veralto Corporation (NYSE:VLTO) by 9,964.7% in the second quarter, HoldingsChannel reports. The institutional investor owned 29,389 shares of the company’s stock after acquiring an additional 29,097 shares during the quarter. Laurel Wealth Advisors LLC’s holdings in Veralto were worth $2,967,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the business. Meiji Yasuda Asset Management Co Ltd. raised 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 last quarter. Huntleigh Advisors Inc. grew its position in Veralto by 0.5% during the 2nd quarter. Huntleigh Advisors Inc. now owns 28,286 shares of the company’s stock worth $2,856,000 after purchasing an additional 134 shares during the last quarter. Argent Trust Co increased its stake in Veralto by 1.8% during 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 in the last quarter. Strategic Blueprint LLC raised its holdings in shares of Veralto by 6.2% in the second quarter. Strategic Blueprint LLC now owns 2,438 shares of the company’s stock worth $246,000 after buying an additional 143 shares during the last quarter. Finally, Mirador Capital Partners LP raised its holdings in shares of Veralto by 2.1% in the second quarter. Mirador Capital Partners LP now owns 7,579 shares of the company’s stock worth $765,000 after buying an additional 153 shares during the last quarter. Institutional investors and hedge funds own 91.28% of the company’s stock.

Analysts Set New Price Targets

Several research firms 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. Barclays increased their price objective on Veralto from $119.00 to $121.00 and gave the company an “overweight” rating in a report on Thursday, October 30th. UBS Group lifted their target price on Veralto from $110.00 to $112.00 and gave the stock a “neutral” rating in a report on Wednesday, November 5th. BMO Capital Markets dropped their target price on Veralto from $123.00 to $114.00 and set an “outperform” rating on the stock in a research report on Tuesday. Finally, Raymond James Financial initiated coverage on shares of Veralto in a research report on Tuesday, August 26th. They set a “market perform” rating for the company. Seven research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat.com, Veralto presently has an average rating of “Moderate Buy” and an average target price of $115.11.

Veralto Stock Performance

Shares of VLTO stock opened at $101.30 on Friday. The stock has a market cap of $25.15 billion, a PE ratio of 27.75, a price-to-earnings-growth ratio of 3.16 and a beta of 0.89. Veralto Corporation has a 52-week low of $83.86 and a 52-week high of $110.11. The business has a 50-day simple moving average of $102.05 and a 200-day simple moving average of $102.88. The company has a quick ratio of 1.40, a current ratio of 1.57 and a debt-to-equity ratio of 0.69.

Veralto (NYSE:VLTO) last announced its quarterly earnings results on Tuesday, October 28th. The company reported $0.99 earnings per share for the quarter, beating the consensus estimate of $0.95 by $0.04. Veralto had a return on equity of 38.69% and a net margin of 16.75%.The company had revenue of $1.40 billion during the quarter, compared to analysts’ expectations of $1.40 billion. During the same period last year, the business earned $0.89 earnings per share. Veralto’s quarterly revenue was up 6.8% on a year-over-year basis. Veralto has set its FY 2025 guidance at 3.820-3.850 EPS. Q4 2025 guidance at 0.950-0.980 EPS. On average, equities analysts expect that Veralto Corporation will post 3.66 EPS for the current year.

Veralto Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, October 31st. Investors of record on Tuesday, September 30th were paid a $0.11 dividend. This represents a $0.44 annualized dividend and a dividend yield of 0.4%. The ex-dividend date was Tuesday, September 30th. Veralto’s payout ratio is currently 12.05%.

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.