PNC Financial Services Group Inc. Has $5.64 Million Holdings in Veralto Corporation $VLTO

PNC Financial Services Group Inc. decreased its position in shares of Veralto Corporation (NYSE:VLTO) by 21.7% in the 1st quarter, HoldingsChannel reports. The firm owned 63,842 shares of the company’s stock after selling 17,694 shares during the quarter. PNC Financial Services Group Inc.’s holdings in Veralto were worth $5,645,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Laurel Wealth Advisors LLC bought a new position in Veralto in the 4th quarter valued at about $25,000. Annis Gardner Whiting Capital Advisors LLC lifted its holdings in shares of Veralto by 82.2% during the 4th quarter. Annis Gardner Whiting Capital Advisors LLC now owns 286 shares of the company’s stock worth $29,000 after acquiring an additional 129 shares during the period. Creative Capital Management Investments LLC lifted its holdings in shares of Veralto by 45.9% during the 4th quarter. Creative Capital Management Investments LLC now owns 340 shares of the company’s stock worth $34,000 after acquiring an additional 107 shares during the period. DV Equities LLC acquired a new stake in shares of Veralto during the 4th quarter worth approximately $35,000. Finally, Elyxium Wealth LLC acquired a new stake in shares of Veralto during the 4th quarter worth approximately $37,000. 91.28% of the stock is currently owned by institutional investors and hedge funds.

Veralto Stock Performance

Shares of Veralto stock opened at $92.02 on Monday. The firm’s 50 day moving average is $87.66 and its 200 day moving average is $91.01. The firm has a market capitalization of $22.60 billion, a PE ratio of 23.78, a price-to-earnings-growth ratio of 2.59 and a beta of 0.63. Veralto Corporation has a 1 year low of $80.03 and a 1 year 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.

Veralto (NYSE:VLTO) last issued its quarterly earnings data on Tuesday, April 28th. The company reported $1.07 EPS for the quarter, beating the consensus estimate of $1.02 by $0.05. Veralto had a net margin of 17.33% and a return on equity of 34.63%. The business had revenue of $1.42 billion during the quarter, compared to the consensus estimate of $1.40 billion. During the same quarter in the prior year, the firm earned $0.95 EPS. The firm’s revenue was up 6.8% compared to the same quarter last year. Veralto has set its FY 2026 guidance at 4.200-4.280 EPS and its Q2 2026 guidance at 0.960-1.000 EPS. Equities research analysts forecast that Veralto Corporation will post 4.24 earnings per share for the current fiscal year.

Veralto Dividend Announcement

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

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on VLTO shares. Wolfe Research reissued an “outperform” rating and issued a $109.00 price objective on shares of Veralto in a research note on Thursday, July 9th. 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. Citigroup reduced their target price on Veralto from $104.00 to $102.00 and set a “neutral” rating on the stock in a report on Thursday, April 30th. Barclays decreased their price target on Veralto from $117.00 to $113.00 and set an “overweight” rating on the stock in a research note on Thursday, April 30th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Veralto in a report on Wednesday, June 24th. Five equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $106.33.

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.