Nisa Investment Advisors LLC Sells 500 Shares of Veralto Corporation $VLTO

Nisa Investment Advisors LLC trimmed its position in Veralto Corporation (NYSE:VLTO) by 0.8% in the second quarter, according to its most recent filing with the SEC. The institutional investor owned 60,357 shares of the company’s stock after selling 500 shares during the period. Nisa Investment Advisors LLC’s holdings in Veralto were worth $6,100,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of the company. Vanguard Group Inc. increased its position in shares of Veralto by 1.3% during the first quarter. Vanguard Group Inc. now owns 29,737,470 shares of the company’s stock valued at $2,897,916,000 after acquiring an additional 390,285 shares during the last quarter. T. Rowe Price Investment Management Inc. increased its position in shares of 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 last quarter. Alliancebernstein L.P. raised its stake in shares of Veralto by 28.0% during the 1st quarter. Alliancebernstein L.P. now owns 6,235,563 shares of the company’s stock worth $607,656,000 after purchasing an additional 1,363,502 shares during the period. Invesco Ltd. boosted its holdings in shares of Veralto by 6.9% in the 1st quarter. Invesco Ltd. now owns 4,856,071 shares of the company’s stock worth $473,224,000 after buying an additional 314,704 shares during the last quarter. Finally, Bank of New York Mellon Corp grew its position in Veralto by 13.6% during the first quarter. Bank of New York Mellon Corp now owns 4,259,348 shares of the company’s stock valued at $415,074,000 after buying an additional 509,104 shares during the period. Institutional investors own 91.28% of the company’s stock.

Veralto Stock Down 1.4%

VLTO opened at $102.67 on Wednesday. Veralto Corporation has a 12 month low of $83.86 and a 12 month high of $110.11. The company has a market cap of $25.48 billion, a PE ratio of 28.68, a price-to-earnings-growth ratio of 3.43 and a beta of 0.90. The company has a current ratio of 2.32, a quick ratio of 2.06 and a debt-to-equity ratio of 1.00. The company has a 50 day moving average of $105.52 and a 200 day moving average of $101.93.

Veralto (NYSE:VLTO) last posted 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 firm had revenue of $1.40 billion for the quarter, compared to the consensus estimate of $1.40 billion. During the same quarter in the prior year, the business posted $0.89 earnings per share. The business’s quarterly 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. On average, sell-side analysts expect that Veralto Corporation will post 3.66 EPS for the current year.

Veralto Announces Dividend

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

Insiders Place Their Bets

In other Veralto news, CEO Jennifer Honeycutt sold 10,646 shares of Veralto 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 completion of the transaction, the chief executive officer owned 106,219 shares of the company’s stock, valued at $11,286,830.94. The trade was a 9.11% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.36% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several analysts have commented on VLTO shares. Royal Bank Of Canada lifted their price objective 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. Wolfe Research upgraded shares of Veralto from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, July 30th. Weiss Ratings upgraded Veralto from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Wednesday, October 8th. Barclays reduced their price objective on Veralto from $120.00 to $119.00 and set an “overweight” rating for the company in a report on Monday, October 6th. Finally, 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. Six equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat, Veralto has an average rating of “Moderate Buy” and an average price target of $113.43.

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.