Pictet Asset Management Holding SA Lowers Holdings in Veralto Corporation $VLTO

Pictet Asset Management Holding SA trimmed its stake in Veralto Corporation (NYSE:VLTO) by 20.1% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 3,214,319 shares of the company’s stock after selling 806,842 shares during the quarter. Pictet Asset Management Holding SA owned 1.31% of Veralto worth $284,186,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of the stock. Azzad Asset Management Inc. ADV raised its position in shares of Veralto by 0.7% in the 4th quarter. Azzad Asset Management Inc. ADV now owns 15,098 shares of the company’s stock worth $1,506,000 after purchasing an additional 99 shares during the last quarter. IFP Advisors Inc increased its stake in Veralto by 14.0% during the 3rd quarter. IFP Advisors Inc now owns 855 shares of the company’s stock valued at $91,000 after purchasing an additional 105 shares in the last quarter. Creative Capital Management Investments LLC increased its stake in Veralto by 45.9% during the 4th quarter. Creative Capital Management Investments LLC now owns 340 shares of the company’s stock valued at $34,000 after purchasing an additional 107 shares in the last quarter. Private Advisor Group LLC raised its holdings in Veralto by 0.7% in the third quarter. Private Advisor Group LLC now owns 15,777 shares of the company’s stock worth $1,682,000 after buying an additional 109 shares during the last quarter. Finally, Larson Financial Group LLC raised its holdings in Veralto by 18.9% in the third quarter. Larson Financial Group LLC now owns 735 shares of the company’s stock worth $78,000 after buying an additional 117 shares during the last quarter. 91.28% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts have recently issued reports on the stock. Robert W. Baird set a $103.00 target price on shares of Veralto in a research note on Thursday, April 30th. Weiss Ratings restated a “hold (c)” rating on shares of Veralto in a report on Wednesday. UBS Group boosted their price objective on shares of Veralto from $99.00 to $101.00 and gave the stock a “neutral” rating in a report on Friday, May 1st. Stifel Nicolaus lowered their price objective on Veralto from $118.00 to $110.00 and set a “buy” rating on the stock in a research report on Tuesday, April 14th. Finally, Citigroup cut their target price on Veralto from $104.00 to $102.00 and set a “neutral” rating on the stock in a research note on Thursday, April 30th. Five analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $105.88.

Veralto Price Performance

VLTO opened at $89.80 on Friday. The company’s 50-day simple moving average is $86.11 and its two-hundred day simple moving average is $92.25. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.32 and a current ratio of 1.48. The stock has a market capitalization of $22.06 billion, a P/E ratio of 23.20, a P/E/G ratio of 2.53 and a beta of 0.69. 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 EPS for the quarter, topping 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 during the quarter, compared to analyst estimates of $1.40 billion. During the same period in the previous year, the business posted $0.95 earnings per share. The business’s revenue for the quarter 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. As a group, analysts predict that Veralto Corporation will post 4.23 EPS for the current year.

Veralto Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, July 31st. Shareholders of record on Tuesday, June 30th will be given a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a yield of 0.6%. The ex-dividend date of this dividend is Tuesday, June 30th. Veralto’s payout ratio is 13.44%.

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