Nolet Wealth Management LLC Buys Shares of 15,066 Veralto Corporation $VLTO

Nolet Wealth Management LLC purchased a new position in shares of Veralto Corporation (NYSE:VLTO) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 15,066 shares of the company’s stock, valued at approximately $1,503,000. Veralto accounts for about 0.8% of Nolet Wealth Management LLC’s investment portfolio, making the stock its 21st largest holding.

Several other hedge funds have also made changes to their positions in VLTO. Robeco Institutional Asset Management B.V. grew its holdings in Veralto by 3.4% during the 4th quarter. Robeco Institutional Asset Management B.V. now owns 1,199,220 shares of the company’s stock worth $119,658,000 after acquiring an additional 39,803 shares in the last quarter. LGT Capital Partners LTD. acquired a new stake in shares of Veralto in the 3rd quarter valued at $2,068,000. First Trust Advisors LP raised its holdings in shares of Veralto by 24.3% in the 3rd quarter. First Trust Advisors LP now owns 3,508,512 shares of the company’s stock valued at $374,042,000 after purchasing an additional 685,614 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its position in shares of Veralto by 30.0% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 61,602 shares of the company’s stock worth $6,147,000 after purchasing an additional 14,219 shares during the last quarter. Finally, HighTower Advisors LLC lifted its position in shares of Veralto by 58.9% during the 3rd quarter. HighTower Advisors LLC now owns 63,856 shares of the company’s stock worth $6,808,000 after purchasing an additional 23,669 shares during the last quarter. Institutional investors and hedge funds own 91.28% of the company’s stock.

Veralto Trading Up 1.3%

Shares of Veralto stock opened at $83.88 on Friday. The company has a fifty day simple moving average of $86.69 and a 200-day simple moving average of $92.86. Veralto Corporation has a 12-month low of $80.03 and a 12-month high of $110.11. The company has a current ratio of 1.48, a quick ratio of 1.32 and a debt-to-equity ratio of 0.65. The stock has a market cap of $20.60 billion, a price-to-earnings ratio of 21.67, a PEG ratio of 2.34 and a beta of 0.69.

Veralto (NYSE:VLTO) last posted its earnings results on Tuesday, April 28th. The company reported $1.07 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 firm had revenue of $1.42 billion for the quarter, compared to the consensus estimate of $1.40 billion. During the same period last year, the firm posted $0.95 EPS. The company’s revenue was up 6.8% on a year-over-year basis. 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, equities analysts forecast that Veralto Corporation will post 4.23 EPS for the current fiscal year.

Veralto Dividend Announcement

The company 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 dividend of $0.13 per share. The ex-dividend date of this dividend is Tuesday, June 30th. This represents a $0.52 annualized dividend and a dividend yield of 0.6%. Veralto’s dividend payout ratio (DPR) is presently 13.44%.

Wall Street Analyst Weigh In

A number of brokerages recently commented on VLTO. Jefferies Financial Group began coverage on shares of Veralto in a research note on Tuesday, March 31st. They set a “buy” rating and a $110.00 target price for the company. Barclays decreased their price target on Veralto from $117.00 to $113.00 and set an “overweight” rating for the company in a report on Thursday, April 30th. UBS Group upped their price objective on Veralto from $99.00 to $101.00 and gave the stock a “neutral” rating in a research report on Friday, May 1st. Robert W. Baird set a $103.00 price objective on Veralto in a report on Thursday, April 30th. Finally, Stifel Nicolaus dropped their price objective on Veralto from $118.00 to $110.00 and set a “buy” rating on the stock in a report on Tuesday, April 14th. Five research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $105.88.

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.