Kestra Private Wealth Services LLC Sells 7,135 Shares of Veralto Corporation $VLTO

Kestra Private Wealth Services LLC reduced its stake in shares of Veralto Corporation (NYSE:VLTO) by 34.9% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 13,290 shares of the company’s stock after selling 7,135 shares during the quarter. Kestra Private Wealth Services LLC’s holdings in Veralto were worth $1,326,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of VLTO. Root Financial Partners LLC bought a new position in shares of Veralto during the third quarter valued at about $27,000. Goodman Advisory Group LLC bought a new position in shares of Veralto during the third quarter valued at about $29,000. Board of the Pension Protection Fund bought a new position in shares of Veralto during the fourth quarter valued at about $30,000. Creative Capital Management Investments LLC grew its stake in shares of Veralto by 45.9% during the fourth quarter. Creative Capital Management Investments LLC now owns 340 shares of the company’s stock valued at $34,000 after buying an additional 107 shares during the last quarter. Finally, True Wealth Design LLC grew its stake in shares of Veralto by 852.9% during the third quarter. True Wealth Design LLC now owns 324 shares of the company’s stock valued at $35,000 after buying an additional 290 shares during the last quarter. 91.28% of the stock is owned by institutional investors.

Analysts Set New Price Targets

VLTO has been the topic of several recent analyst reports. Stifel Nicolaus cut their target price on Veralto from $118.00 to $110.00 and set a “buy” rating on the stock in a research note on Tuesday, April 14th. Jefferies Financial Group initiated coverage on Veralto in a research note on Tuesday, March 31st. They issued a “buy” rating and a $110.00 target price on the stock. Robert W. Baird set a $103.00 target price on Veralto in a research note on Thursday. UBS Group raised their target price on Veralto from $99.00 to $101.00 and gave the stock a “neutral” rating in a research note on Friday. Finally, Citigroup cut their target price on Veralto from $104.00 to $102.00 and set a “neutral” rating on the stock in a research note on Thursday. Six investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat, Veralto has an average rating of “Moderate Buy” and an average target price of $106.33.

Veralto Stock Performance

Veralto stock opened at $87.65 on Friday. The stock’s 50 day simple moving average is $90.55 and its two-hundred day simple moving average is $96.50. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.52 and a current ratio of 1.48. The stock has a market cap of $21.52 billion, a price-to-earnings ratio of 22.65, a PEG ratio of 2.49 and a beta of 0.98. Veralto Corporation has a fifty-two week low of $84.99 and a fifty-two week high of $110.11.

Veralto (NYSE:VLTO) last posted its quarterly earnings data on Tuesday, April 28th. The company reported $1.07 earnings per share for the quarter, beating the consensus estimate of $1.02 by $0.05. The business had revenue of $1.42 billion for the quarter, compared to analysts’ expectations of $1.40 billion. Veralto had a return on equity of 34.63% and a net margin of 17.33%.The business’s revenue was up 6.8% on a year-over-year basis. During the same period in the previous year, the firm posted $0.95 EPS. Veralto has set its FY 2026 guidance at 4.200-4.280 EPS and its Q2 2026 guidance at 0.960-1.000 EPS. As a group, analysts expect that Veralto Corporation will post 4.24 earnings per share for the current fiscal year.

Veralto Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, April 30th. Shareholders of record on Tuesday, March 31st were given a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a yield of 0.6%. The ex-dividend date of this dividend was Tuesday, March 31st. Veralto’s payout ratio is presently 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.