Voya Investment Management LLC Decreases Position in Veralto Corporation $VLTO

Voya Investment Management LLC trimmed its holdings in Veralto Corporation (NYSE:VLTO) by 44.7% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 54,336 shares of the company’s stock after selling 43,892 shares during the quarter. Voya Investment Management LLC’s holdings in Veralto were worth $5,793,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Capital Counsel LLC NY boosted its holdings in shares of Veralto by 0.8% in the 2nd quarter. Capital Counsel LLC NY now owns 15,010 shares of the company’s stock valued at $1,515,000 after buying an additional 115 shares in the last quarter. Meiji Yasuda Asset Management Co Ltd. lifted its position in Veralto by 3.6% in the first quarter. Meiji Yasuda Asset Management Co Ltd. now owns 3,883 shares of the company’s stock valued at $378,000 after acquiring an additional 134 shares during the last quarter. Huntleigh Advisors Inc. boosted its stake in Veralto by 0.5% in the second quarter. Huntleigh Advisors Inc. now owns 28,286 shares of the company’s stock valued at $2,856,000 after acquiring an additional 134 shares in the last quarter. Strategic Blueprint LLC grew its holdings in shares of Veralto by 6.2% during the second quarter. Strategic Blueprint LLC now owns 2,438 shares of the company’s stock worth $246,000 after purchasing an additional 143 shares during the last quarter. Finally, Mirador Capital Partners LP grew its holdings in shares of Veralto by 2.1% during the second quarter. Mirador Capital Partners LP now owns 7,579 shares of the company’s stock worth $765,000 after purchasing an additional 153 shares during the last quarter. Institutional investors and hedge funds own 91.28% of the company’s stock.

Insider Activity

In other news, SVP Mattias Bystrom sold 1,000 shares of the firm’s stock in a transaction that occurred on Monday, December 1st. The stock was sold at an average price of $101.73, for a total value of $101,730.00. Following the completion of the sale, the senior vice president directly owned 31,430 shares of the company’s stock, valued at $3,197,373.90. This trade represents a 3.08% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 0.36% of the company’s stock.

Veralto Stock Performance

Shares of VLTO opened at $102.29 on Thursday. The stock has a market capitalization of $25.40 billion, a P/E ratio of 28.02, a P/E/G ratio of 3.20 and a beta of 0.87. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.40 and a current ratio of 1.57. Veralto Corporation has a 1 year low of $83.86 and a 1 year high of $110.11. The company’s fifty day moving average is $100.51 and its two-hundred day moving average is $102.89.

Veralto (NYSE:VLTO) last issued its 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 net margin of 16.75% and a return on equity of 38.69%. The business had revenue of $1.40 billion for the quarter, compared to the consensus estimate of $1.40 billion. During the same quarter in the previous year, the firm earned $0.89 earnings per share. The business’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 and its Q4 2025 guidance at 0.950-0.980 EPS. On average, sell-side analysts predict that Veralto Corporation will post 3.66 earnings per share for the current year.

Veralto Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 30th. Shareholders of record on Wednesday, December 31st will be given a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a yield of 0.5%. The ex-dividend date is Wednesday, December 31st. This is a positive change from Veralto’s previous quarterly dividend of $0.11. Veralto’s payout ratio is presently 12.05%.

Analyst Ratings Changes

VLTO has been the subject of several research reports. BMO Capital Markets reduced their target price on Veralto from $123.00 to $114.00 and set an “outperform” rating for the company in a report on Tuesday, November 25th. Citigroup reduced their price objective on Veralto from $112.00 to $111.00 and set a “neutral” rating for the company in a research note on Thursday, October 30th. Weiss Ratings upgraded shares of Veralto from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Wednesday, October 8th. Barclays upped their price target on shares of Veralto from $119.00 to $121.00 and gave the company an “overweight” rating in a research report on Thursday, October 30th. Finally, Jefferies Financial Group reissued a “hold” rating and set a $105.00 price objective (down from $125.00) on shares of Veralto in a research report on Wednesday, December 10th. Six analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $112.89.

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. This segment provides water solutions, including chemical reagents, services, and digital solutions.