First Trust Advisors LP Acquires 1,472,304 Shares of Veralto Corporation $VLTO

First Trust Advisors LP raised its holdings in shares of Veralto Corporation (NYSE:VLTO) by 31.5% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 6,150,388 shares of the company’s stock after buying an additional 1,472,304 shares during the quarter. First Trust Advisors LP’s holdings in Veralto were worth $543,817,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in the business. Laurel Wealth Advisors LLC bought a new stake in shares of Veralto during the 4th quarter valued at about $25,000. Annis Gardner Whiting Capital Advisors LLC increased its position in shares of Veralto by 82.2% in the fourth quarter. Annis Gardner Whiting Capital Advisors LLC now owns 286 shares of the company’s stock worth $29,000 after purchasing an additional 129 shares during the last quarter. Creative Capital Management Investments LLC raised its stake in Veralto by 45.9% in the fourth quarter. Creative Capital Management Investments LLC now owns 340 shares of the company’s stock valued at $34,000 after purchasing an additional 107 shares in the last quarter. DV Equities LLC bought a new stake in Veralto during the fourth quarter valued at approximately $35,000. Finally, Elyxium Wealth LLC bought a new stake in Veralto during the fourth quarter valued at approximately $37,000. 91.28% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have commented on VLTO. UBS Group boosted their price target on shares of Veralto from $99.00 to $101.00 and gave the stock a “neutral” rating in a research note on Friday, May 1st. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Veralto in a report on Wednesday, June 24th. Wolfe Research reiterated an “outperform” rating and issued a $109.00 target price on shares of Veralto in a research report on Thursday, July 9th. 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. Finally, Royal Bank Of Canada raised their price target on Veralto from $99.00 to $100.00 and gave the company a “sector perform” rating in a research report on Thursday, April 30th. Five research analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to MarketBeat, Veralto currently has an average rating of “Hold” and an average target price of $106.33.

Veralto Trading Down 3.3%

Shares of VLTO opened at $90.06 on Wednesday. The company has a quick ratio of 1.32, a current ratio of 1.48 and a debt-to-equity ratio of 0.65. The stock has a market capitalization of $22.12 billion, a P/E ratio of 23.27, a PEG ratio of 2.62 and a beta of 0.63. Veralto Corporation has a twelve month low of $80.03 and a twelve month high of $110.11. The firm has a fifty day simple moving average of $87.28 and a two-hundred day simple moving average of $91.17.

Veralto (NYSE:VLTO) last issued its quarterly earnings data on Tuesday, April 28th. The company reported $1.07 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.02 by $0.05. Veralto had a net margin of 17.33% and a return on equity of 34.63%. The business had revenue of $1.42 billion for the quarter, compared to the consensus estimate of $1.40 billion. During the same period in the previous year, the firm earned $0.95 EPS. The company’s quarterly revenue 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, research analysts anticipate that Veralto Corporation will post 4.24 EPS for the current year.

Veralto Dividend Announcement

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

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.