Northstar Asset Management Inc. Boosts Stake in Veralto Corporation $VLTO

Northstar Asset Management Inc. grew its position in shares of Veralto Corporation (NYSE:VLTO) by 2.9% during the second quarter, according to its most recent filing with the SEC. The firm owned 80,596 shares of the company’s stock after acquiring an additional 2,254 shares during the period. Veralto comprises about 2.2% of Northstar Asset Management Inc.’s holdings, making the stock its 20th largest holding. Northstar Asset Management Inc.’s holdings in Veralto were worth $8,136,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in VLTO. Harbor Asset Planning Inc. purchased a new position in shares of Veralto during the 2nd quarter worth approximately $26,000. Truvestments Capital LLC grew its holdings in shares of Veralto by 148.5% during the 1st quarter. Truvestments Capital LLC now owns 328 shares of the company’s stock worth $32,000 after acquiring an additional 196 shares during the period. Ameritas Advisory Services LLC purchased a new position in shares of Veralto during the 2nd quarter worth approximately $51,000. Cloud Capital Management LLC purchased a new position in shares of Veralto during the 1st quarter worth approximately $64,000. Finally, Marshall & Sullivan Inc. WA purchased a new position in shares of Veralto during the 2nd quarter worth approximately $74,000. Hedge funds and other institutional investors own 91.28% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the company. Raymond James Financial started coverage on Veralto in a report on Tuesday, August 26th. They set a “market perform” rating on the stock. 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. Royal Bank Of Canada raised their price objective on Veralto from $104.00 to $108.00 and gave the company a “sector perform” rating in a research report on Wednesday, July 30th. Stifel Nicolaus set a $120.00 price objective on Veralto and gave the company a “buy” rating in a research report on Wednesday, July 30th. Finally, Robert W. Baird raised their price objective on Veralto from $106.00 to $112.00 and gave the company a “neutral” rating in a research report on Wednesday, July 30th. Six investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $113.43.

Veralto Stock Performance

VLTO stock opened at $104.72 on Friday. The company has a market cap of $25.99 billion, a P/E ratio of 29.25, a price-to-earnings-growth ratio of 3.46 and a beta of 0.90. Veralto Corporation has a 1 year low of $83.86 and a 1 year high of $110.11. The company has a debt-to-equity ratio of 1.00, a current ratio of 2.32 and a quick ratio of 2.06. The stock’s fifty day moving average price is $105.67 and its 200-day moving average price is $101.56.

Veralto (NYSE:VLTO) last released its quarterly earnings results on Monday, July 28th. The company reported $0.93 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.89 by $0.04. The firm had revenue of $1.37 billion for the quarter, compared to the consensus estimate of $1.34 billion. Veralto had a return on equity of 41.45% and a net margin of 16.65%.The company’s revenue for the quarter was up 6.4% on a year-over-year basis. During the same period last year, the business posted $0.85 EPS. Veralto has set its FY 2025 guidance at 3.720-3.800 EPS. Q3 2025 guidance at 0.910-0.950 EPS. On average, equities analysts forecast that Veralto Corporation will post 3.66 earnings per share for the current year.

Veralto Dividend Announcement

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

Insider Activity

In other news, CEO Jennifer Honeycutt sold 10,646 shares of the firm’s stock in a transaction on Friday, August 29th. The stock was sold at an average price of $106.26, for a total value of $1,131,243.96. Following the transaction, the chief executive officer directly owned 106,219 shares in the company, valued at $11,286,830.94. This trade represents a 9.11% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. 0.36% of the stock is currently owned by company insiders.

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.