Motley Fool Asset Management LLC Has $661,000 Stake in Veralto Corporation $VLTO

Motley Fool Asset Management LLC raised its holdings in Veralto Corporation (NYSE:VLTO) by 8.3% in the second quarter, Holdings Channel reports. The fund owned 6,548 shares of the company’s stock after acquiring an additional 501 shares during the period. Motley Fool Asset Management LLC’s holdings in Veralto were worth $661,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Baldwin Investment Management LLC grew its stake in Veralto by 3.4% in the first quarter. Baldwin Investment Management LLC now owns 3,219 shares of the company’s stock valued at $314,000 after acquiring an additional 106 shares during the period. Cambridge Investment Research Advisors Inc. grew its stake in Veralto by 1.3% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 8,784 shares of the company’s stock valued at $856,000 after acquiring an additional 113 shares during the period. Phoenix Financial Ltd. grew its stake in Veralto by 2.9% in the first quarter. Phoenix Financial Ltd. now owns 4,644 shares of the company’s stock valued at $454,000 after acquiring an additional 132 shares during the period. Meiji Yasuda Asset Management Co Ltd. grew its stake 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 period. Finally, Huntleigh Advisors Inc. grew 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 during the period. 91.28% of the stock is owned by institutional investors and hedge funds.

Veralto Stock Performance

VLTO opened at $102.67 on Wednesday. Veralto Corporation has a 52-week low of $83.86 and a 52-week high of $110.11. The firm has a market capitalization of $25.48 billion, a PE ratio of 28.68, a PEG ratio of 3.43 and a beta of 0.90. The company has a debt-to-equity ratio of 1.00, a quick ratio of 2.06 and a current ratio of 2.32. The business’s 50-day simple moving average is $105.52 and its 200 day simple moving average is $101.93.

Veralto (NYSE:VLTO) last released its earnings results on Tuesday, October 28th. The company reported $0.99 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.95 by $0.04. Veralto had a return on equity of 41.45% and a net margin of 16.65%.The business had revenue of $1.40 billion for the quarter, compared to analyst estimates of $1.40 billion. During the same quarter in the prior year, the company posted $0.89 earnings per share. Veralto’s revenue was up 6.8% on a year-over-year basis. Veralto has set its FY 2025 guidance at 3.820-3.850 EPS. Q4 2025 guidance at 0.950-0.980 EPS. As a group, sell-side analysts expect that Veralto Corporation will post 3.66 earnings per share for the current fiscal year.

Veralto Announces Dividend

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

Analysts Set New Price Targets

A number of research analysts have issued reports on VLTO shares. Robert W. Baird boosted their target price on Veralto from $106.00 to $112.00 and gave the company a “neutral” rating in a research note on Wednesday, July 30th. Barclays reduced their price objective on Veralto from $120.00 to $119.00 and set an “overweight” rating for the company in a research report on Monday, October 6th. Stifel Nicolaus set a $120.00 price objective on Veralto and gave the stock a “buy” rating in a research report on Wednesday, July 30th. Raymond James Financial began coverage on Veralto in a research report on Tuesday, August 26th. They set a “market perform” rating for the company. Finally, Weiss Ratings raised Veralto from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Wednesday, October 8th. Six equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $113.43.

Insider Transactions at Veralto

In related news, CEO Jennifer Honeycutt sold 10,646 shares of the company’s stock in a transaction dated 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 sale, the chief executive officer owned 106,219 shares in the company, valued at approximately $11,286,830.94. This represents a 9.11% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 0.36% of the company’s stock.

Veralto 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.