Handelsbanken Fonder AB Raises Stock Holdings in Veralto Corporation $VLTO

Handelsbanken Fonder AB boosted its stake in shares of Veralto Corporation (NYSE:VLTO) by 66.8% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 216,955 shares of the company’s stock after buying an additional 86,907 shares during the period. Handelsbanken Fonder AB owned approximately 0.09% of Veralto worth $21,648,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Compass Wealth Management LLC purchased a new stake in Veralto during the 3rd quarter valued at $6,708,000. Robeco Institutional Asset Management B.V. raised its holdings in Veralto by 3.4% during the 4th quarter. Robeco Institutional Asset Management B.V. now owns 1,199,220 shares of the company’s stock valued at $119,658,000 after buying an additional 39,803 shares during the period. LGT Capital Partners LTD. purchased a new stake in Veralto during the 3rd quarter valued at $2,068,000. First Trust Advisors LP raised its holdings in Veralto by 24.3% during the 3rd quarter. First Trust Advisors LP now owns 3,508,512 shares of the company’s stock valued at $374,042,000 after buying an additional 685,614 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. raised its holdings in Veralto by 30.0% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 61,602 shares of the company’s stock valued at $6,147,000 after buying an additional 14,219 shares during the period. Hedge funds and other institutional investors own 91.28% of the company’s stock.

Veralto Stock Performance

Shares of Veralto stock opened at $86.07 on Thursday. The firm has a market cap of $21.14 billion, a P/E ratio of 22.24, a P/E/G ratio of 2.44 and a beta of 0.77. The company has a current ratio of 1.48, a quick ratio of 1.32 and a debt-to-equity ratio of 0.65. Veralto Corporation has a 12 month low of $84.45 and a 12 month high of $110.11. The stock’s fifty day moving average price is $88.53 and its 200-day moving average price is $95.05.

Veralto (NYSE:VLTO) last issued its quarterly earnings data on Tuesday, April 28th. The company reported $1.07 earnings per share for the quarter, beating analysts’ consensus estimates of $1.02 by $0.05. Veralto had a return on equity of 34.63% and a net margin of 17.33%.The company had revenue of $1.42 billion for the quarter, compared to the consensus estimate of $1.40 billion. During the same quarter last year, the company earned $0.95 earnings per share. The firm’s revenue for the quarter was up 6.8% compared to the same quarter last year. Veralto has set its FY 2026 guidance at 4.200-4.280 EPS and its Q2 2026 guidance at 0.960-1.000 EPS. On average, equities research analysts expect that Veralto Corporation will post 4.23 earnings per share for the current fiscal year.

Veralto Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, July 31st. Investors of record on Tuesday, June 30th will be issued a dividend of $0.13 per share. The ex-dividend date of this dividend is Tuesday, June 30th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 0.6%. Veralto’s payout ratio is 13.44%.

Wall Street Analyst Weigh In

Several analysts recently weighed in on VLTO shares. Stifel Nicolaus decreased their price target on Veralto from $118.00 to $110.00 and set a “buy” rating on the stock in a report on Tuesday, April 14th. Royal Bank Of Canada increased their target price on Veralto from $99.00 to $100.00 and gave the stock a “sector perform” rating in a research note on Thursday, April 30th. UBS Group increased their target price on Veralto from $99.00 to $101.00 and gave the stock a “neutral” rating in a research note on Friday, May 1st. Robert W. Baird set a $103.00 target price on Veralto in a research note on Thursday, April 30th. Finally, Barclays reduced their target price on Veralto from $117.00 to $113.00 and set an “overweight” rating on the stock in a research note on Thursday, April 30th. Five research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $105.88.

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