Bull Street Advisors LLC Sells 475 Shares of Veralto Corporation $VLTO

Bull Street Advisors LLC lessened its position in Veralto Corporation (NYSE:VLTO) by 8.3% during the 2nd quarter, HoldingsChannel.com reports. The fund owned 5,246 shares of the company’s stock after selling 475 shares during the period. Bull Street Advisors LLC’s holdings in Veralto were worth $530,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently bought and sold shares of VLTO. Nuveen LLC bought a new position in Veralto in the 1st quarter worth $172,399,000. Alliancebernstein L.P. boosted its stake in Veralto by 28.0% during the 1st quarter. Alliancebernstein L.P. now owns 6,235,563 shares of the company’s stock valued at $607,656,000 after purchasing an additional 1,363,502 shares during the period. T. Rowe Price Investment Management Inc. boosted its stake 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 valued at $1,027,264,000 after purchasing an additional 811,843 shares during the period. JPMorgan Chase & Co. boosted its stake in Veralto by 26.8% during the 1st quarter. JPMorgan Chase & Co. now owns 3,223,571 shares of the company’s stock valued at $314,137,000 after purchasing an additional 682,123 shares during the period. Finally, Robeco Institutional Asset Management B.V. boosted its stake in Veralto by 162.1% during the 2nd quarter. Robeco Institutional Asset Management B.V. now owns 1,064,810 shares of the company’s stock valued at $107,493,000 after purchasing an additional 658,529 shares during the period. Institutional investors own 91.28% of the company’s stock.

Analyst Upgrades and Downgrades

VLTO has been the topic of several research analyst reports. Stifel Nicolaus set a $120.00 price objective on shares of Veralto and gave the stock a “buy” rating in a research note on Wednesday, July 30th. Raymond James Financial began coverage on shares of Veralto in a research report on Tuesday, August 26th. They issued a “market perform” rating on the stock. Wolfe Research upgraded shares of Veralto from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, July 30th. Royal Bank Of Canada raised their price target 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. Finally, Robert W. Baird raised their price target on shares of Veralto from $106.00 to $112.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 30th. Six analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat.com, Veralto presently has a consensus rating of “Moderate Buy” and an average target price of $113.43.

Insider Buying and Selling

In other Veralto news, CEO Jennifer Honeycutt sold 10,646 shares of Veralto stock in a transaction on 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 trade represents a 9.11% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 0.36% of the stock is currently owned by company insiders.

Veralto Stock Down 1.1%

Shares of VLTO stock opened at $101.72 on Friday. The stock has a market cap of $25.24 billion, a P/E ratio of 28.41, a price-to-earnings-growth ratio of 3.38 and a beta of 0.90. Veralto Corporation has a one year low of $83.86 and a one year high of $115.00. The stock has a fifty day moving average price of $106.58 and a 200 day moving average price of $100.96. The company has a debt-to-equity ratio of 1.00, a current ratio of 2.32 and a quick ratio of 2.06.

Veralto (NYSE:VLTO) last issued its earnings results on Monday, July 28th. The company reported $0.93 EPS for the quarter, topping the consensus estimate of $0.89 by $0.04. The firm had revenue of $1.37 billion during the quarter, compared to analysts’ expectations of $1.34 billion. Veralto had a return on equity of 41.45% and a net margin of 16.65%.Veralto’s quarterly revenue was up 6.4% compared to the same quarter last year. During the same period last year, the business earned $0.85 earnings per share. Veralto has set its FY 2025 guidance at 3.720-3.800 EPS. Q3 2025 guidance at 0.910-0.950 EPS. Analysts predict that Veralto Corporation will post 3.66 earnings per share for the current year.

Veralto Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, October 31st. Investors of record on Tuesday, September 30th will be given a $0.11 dividend. This represents a $0.44 annualized dividend and a yield of 0.4%. The ex-dividend date of this dividend is Tuesday, September 30th. Veralto’s dividend payout ratio (DPR) is 12.29%.

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.