Veralto Corporation $VLTO Shares Bought by Forsta AP Fonden

Forsta AP Fonden lifted its stake in shares of Veralto Corporation (NYSE:VLTO) by 14.1% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 69,608 shares of the company’s stock after buying an additional 8,600 shares during the quarter. Forsta AP Fonden’s holdings in Veralto were worth $7,027,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Brighton Jones LLC increased its position in shares of Veralto by 16.1% in the fourth quarter. Brighton Jones LLC now owns 3,459 shares of the company’s stock valued at $352,000 after buying an additional 479 shares in the last quarter. CWM LLC increased its stake in Veralto by 14.1% during the 1st quarter. CWM LLC now owns 8,040 shares of the company’s stock worth $783,000 after buying an additional 995 shares during the period. Larson Financial Group LLC raised its position in shares of Veralto by 68.4% in the 1st quarter. Larson Financial Group LLC now owns 1,290 shares of the company’s stock valued at $126,000 after purchasing an additional 524 shares in the last quarter. Victory Capital Management Inc. increased its holdings in Veralto by 8.2% in the first quarter. Victory Capital Management Inc. now owns 96,357 shares of the company’s stock valued at $9,390,000 after buying an additional 7,310 shares during the last quarter. Finally, Cullen Frost Bankers Inc. increased its position in Veralto by 10.8% in the first quarter. Cullen Frost Bankers Inc. now owns 4,949 shares of the company’s stock worth $482,000 after buying an additional 484 shares during the period. 91.28% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

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

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the stock. Citigroup cut their price target on shares of Veralto from $112.00 to $111.00 and set a “neutral” rating for the company in a report on Thursday, October 30th. UBS Group raised their price target on Veralto from $110.00 to $112.00 and gave the stock a “neutral” rating in a research note on Wednesday, November 5th. Stifel Nicolaus set a $120.00 target price on shares of Veralto and gave the company a “buy” rating in a research note on Wednesday, July 30th. Weiss Ratings upgraded Veralto from a “hold (c+)” rating to a “buy (b-)” rating in a report on Wednesday, October 8th. Finally, Royal Bank Of Canada lifted their price target on shares of Veralto from $108.00 to $111.00 and gave the stock a “sector perform” rating in a research note on Thursday, October 30th. Six analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $115.25.

Veralto Trading Up 0.3%

Shares of NYSE:VLTO opened at $98.84 on Friday. 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 0.69, a current ratio of 1.57 and a quick ratio of 1.40. The business’s 50 day simple moving average is $103.44 and its 200 day simple moving average is $102.64. The company has a market capitalization of $24.54 billion, a P/E ratio of 27.08, a P/E/G ratio of 3.08 and a beta of 0.89.

Veralto (NYSE:VLTO) last announced its earnings results on Tuesday, October 28th. The company reported $0.99 EPS for the quarter, topping the consensus estimate of $0.95 by $0.04. The firm had revenue of $1.40 billion for the quarter, compared to the consensus estimate of $1.40 billion. Veralto had a return on equity of 38.69% and a net margin of 16.75%.The business’s quarterly revenue was up 6.8% compared to the same quarter last year. During the same period in the previous year, the business earned $0.89 EPS. Veralto has set its FY 2025 guidance at 3.820-3.850 EPS. Q4 2025 guidance at 0.950-0.980 EPS. On average, research analysts anticipate that Veralto Corporation will post 3.66 EPS for the current fiscal year.

Veralto Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, October 31st. Shareholders of record on Tuesday, September 30th were issued a dividend of $0.11 per share. The ex-dividend date of this dividend was Tuesday, September 30th. This represents a $0.44 dividend on an annualized basis and a yield of 0.4%. Veralto’s payout ratio is presently 12.05%.

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.