Robeco Institutional Asset Management B.V. Increases Position in Veralto Corporation $VLTO

Robeco Institutional Asset Management B.V. boosted its position in Veralto Corporation (NYSE:VLTO) by 162.1% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,064,810 shares of the company’s stock after acquiring an additional 658,529 shares during the quarter. Robeco Institutional Asset Management B.V. owned 0.43% of Veralto worth $107,493,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently bought and sold shares of the company. Park Avenue Securities LLC raised its holdings in Veralto by 11.5% during the 1st quarter. Park Avenue Securities LLC now owns 19,213 shares of the company’s stock valued at $1,872,000 after buying an additional 1,985 shares during the last quarter. Royal Bank of Canada grew its position in shares of Veralto by 13.1% in the 1st quarter. Royal Bank of Canada now owns 1,177,453 shares of the company’s stock worth $114,741,000 after buying an additional 136,708 shares during the last quarter. Cambridge Investment Research Advisors Inc. increased its stake in shares of Veralto by 1.3% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 8,784 shares of the company’s stock valued at $856,000 after buying an additional 113 shares during the period. Allspring Global Investments Holdings LLC raised its holdings in shares of Veralto by 9.4% during the first quarter. Allspring Global Investments Holdings LLC now owns 26,833 shares of the company’s stock valued at $2,619,000 after acquiring an additional 2,313 shares in the last quarter. Finally, Assenagon Asset Management S.A. increased its position in Veralto by 3.0% during the 1st quarter. Assenagon Asset Management S.A. now owns 14,544 shares of the company’s stock valued at $1,417,000 after purchasing an additional 429 shares during the period. Institutional investors own 91.28% of the company’s stock.

Insiders Place Their Bets

In other Veralto news, CEO Jennifer Honeycutt sold 10,646 shares of Veralto stock in a transaction dated Friday, August 29th. The shares were sold at an average price of $106.26, for a total value of $1,131,243.96. Following the completion of the transaction, the chief executive officer directly owned 106,219 shares of the company’s stock, valued at approximately $11,286,830.94. The trade was a 9.11% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.36% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently commented on VLTO. Robert W. Baird raised their target price on shares of Veralto from $106.00 to $112.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 30th. Raymond James Financial initiated coverage on Veralto in a research report on Tuesday, August 26th. They set a “market perform” rating on the stock. Barclays began coverage on Veralto in a research report on Friday, September 19th. They issued an “overweight” rating and a $120.00 target price for the company. Stifel Nicolaus set a $120.00 price target on Veralto and gave the company a “buy” rating in a research report on Wednesday, July 30th. Finally, Royal Bank Of Canada upped their price target on Veralto from $104.00 to $108.00 and gave the stock a “sector perform” rating in a research note on Wednesday, July 30th. Five research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $113.57.

Veralto Stock Performance

Veralto stock opened at $106.52 on Friday. Veralto Corporation has a twelve month low of $83.86 and a twelve month high of $115.00. The company has a quick ratio of 2.06, a current ratio of 2.32 and a debt-to-equity ratio of 1.00. The company has a market capitalization of $26.43 billion, a P/E ratio of 29.76, a PEG ratio of 3.52 and a beta of 0.90. The stock’s 50 day moving average is $106.58 and its 200 day moving average is $100.68.

Veralto (NYSE:VLTO) last announced its quarterly earnings data on Monday, July 28th. The company reported $0.93 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.89 by $0.04. Veralto had a return on equity of 41.45% and a net margin of 16.65%.The business had revenue of $1.37 billion during the quarter, compared to analysts’ expectations of $1.34 billion. During the same quarter in the previous year, the business earned $0.85 earnings per share. The firm’s quarterly revenue was up 6.4% compared to the same quarter last year. 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 research analysts predict that Veralto Corporation will post 3.66 earnings per share for the current fiscal year.

Veralto Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 31st. Investors of record on Tuesday, September 30th will be given a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a yield of 0.4%. The ex-dividend date of this dividend is Tuesday, September 30th. Veralto’s dividend payout ratio is 12.29%.

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.