Norges Bank Purchases New Holdings in Veralto Corporation $VLTO

Norges Bank purchased a new stake in Veralto Corporation (NYSE:VLTO) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 2,619,165 shares of the company’s stock, valued at approximately $261,340,000. Norges Bank owned 1.05% of Veralto at the end of the most recent quarter.

Several other institutional investors have also made changes to their positions in the stock. Azzad Asset Management Inc. ADV boosted its stake in shares of Veralto by 0.7% in the fourth quarter. Azzad Asset Management Inc. ADV now owns 15,098 shares of the company’s stock valued at $1,506,000 after buying an additional 99 shares during the period. IFP Advisors Inc boosted its stake in shares of Veralto by 14.0% in the third quarter. IFP Advisors Inc now owns 855 shares of the company’s stock valued at $91,000 after buying an additional 105 shares during the period. Creative Capital Management Investments LLC lifted its stake in Veralto by 45.9% during the fourth quarter. Creative Capital Management Investments LLC now owns 340 shares of the company’s stock worth $34,000 after purchasing an additional 107 shares during the last quarter. Private Advisor Group LLC lifted its stake in Veralto by 0.7% during the third quarter. Private Advisor Group LLC now owns 15,777 shares of the company’s stock worth $1,682,000 after purchasing an additional 109 shares during the last quarter. Finally, Larson Financial Group LLC lifted its stake in Veralto by 18.9% during the third quarter. Larson Financial Group LLC now owns 735 shares of the company’s stock worth $78,000 after purchasing an additional 117 shares during the last quarter. 91.28% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the company. Royal Bank Of Canada upped their target price on Veralto from $99.00 to $100.00 and gave the stock a “sector perform” rating in a research note on Thursday, April 30th. Jefferies Financial Group assumed coverage on Veralto in a research note on Tuesday, March 31st. They set a “buy” rating and a $110.00 target price for the company. BMO Capital Markets restated an “outperform” rating on shares of Veralto in a research note on Wednesday, February 11th. UBS Group upped their target price on Veralto from $99.00 to $101.00 and gave the stock a “neutral” rating in a research note on Friday, May 1st. Finally, Citigroup cut their target price on Veralto from $104.00 to $102.00 and set a “neutral” rating for the company in a research note on Thursday, April 30th. Five analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $105.88.

Veralto Stock Down 1.4%

Shares of NYSE:VLTO opened at $82.39 on Wednesday. The company has a fifty day moving average of $87.63 and a 200-day moving average of $94.27. The company has a market capitalization of $20.23 billion, a PE ratio of 21.29, a price-to-earnings-growth ratio of 2.36 and a beta of 0.69. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.32 and a current ratio of 1.48. Veralto Corporation has a 52-week low of $80.03 and a 52-week high of $110.11.

Veralto (NYSE:VLTO) last announced its quarterly earnings results on Tuesday, April 28th. The company reported $1.07 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.02 by $0.05. The company had revenue of $1.42 billion during the quarter, compared to the consensus estimate of $1.40 billion. Veralto had a net margin of 17.33% and a return on equity of 34.63%. The company’s revenue for the quarter was up 6.8% compared to the same quarter last year. During the same period in the prior year, the business earned $0.95 earnings per share. 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 predict that Veralto Corporation will post 4.23 EPS for the current fiscal year.

Veralto Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 31st. Investors 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 presently 13.44%.

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. This segment provides water solutions, including chemical reagents, services, and digital solutions.