Veralto Corporation $VLTO Shares Sold by Apollon Wealth Management LLC

Apollon Wealth Management LLC decreased its holdings in shares of Veralto Corporation (NYSE:VLTO) by 28.7% in the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 6,064 shares of the company’s stock after selling 2,443 shares during the quarter. Apollon Wealth Management LLC’s holdings in Veralto were worth $612,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in VLTO. Nuveen LLC purchased a new position in Veralto during the first quarter worth about $172,399,000. Alliancebernstein L.P. raised its holdings in Veralto by 28.0% during the first quarter. Alliancebernstein L.P. now owns 6,235,563 shares of the company’s stock worth $607,656,000 after purchasing an additional 1,363,502 shares in the last quarter. T. Rowe Price Investment Management Inc. raised its holdings in Veralto by 8.3% during the first quarter. T. Rowe Price Investment Management Inc. now owns 10,541,438 shares of the company’s stock worth $1,027,264,000 after purchasing an additional 811,843 shares in the last quarter. JPMorgan Chase & Co. raised its holdings in Veralto by 26.8% during the first quarter. JPMorgan Chase & Co. now owns 3,223,571 shares of the company’s stock worth $314,137,000 after purchasing an additional 682,123 shares in the last quarter. Finally, Robeco Institutional Asset Management B.V. raised its holdings in Veralto by 162.1% during the second quarter. Robeco Institutional Asset Management B.V. now owns 1,064,810 shares of the company’s stock worth $107,493,000 after purchasing an additional 658,529 shares in the last quarter. Institutional investors and hedge funds own 91.28% of the company’s stock.

Insider Transactions at Veralto

In related news, CEO Jennifer Honeycutt sold 10,646 shares of the firm’s stock in a transaction that occurred on Friday, August 29th. The shares were sold at an average price of $106.26, for a total transaction of $1,131,243.96. Following the sale, the chief executive officer owned 106,219 shares in the company, valued at approximately $11,286,830.94. This trade represents a 9.11% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.36% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on VLTO shares. Robert W. Baird increased their price target on shares of Veralto from $106.00 to $112.00 and gave the stock a “neutral” rating in a report on Wednesday, July 30th. Weiss Ratings raised shares of Veralto from a “hold (c+)” rating to a “buy (b-)” rating in a report on Wednesday, October 8th. Raymond James Financial assumed coverage on shares of Veralto in a report on Tuesday, August 26th. They issued a “market perform” rating for the company. Royal Bank Of Canada increased their target price on shares of Veralto from $104.00 to $108.00 and gave the company a “sector perform” rating in a report on Wednesday, July 30th. Finally, Wolfe Research raised shares of Veralto from a “hold” rating to a “strong-buy” rating in a report on Wednesday, July 30th. Six analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $113.43.

Veralto Trading Down 0.2%

Shares of VLTO opened at $101.82 on Thursday. 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 firm has a 50 day simple moving average of $106.27 and a 200-day simple moving average of $101.03. Veralto Corporation has a 1-year low of $83.86 and a 1-year high of $115.00. The stock has a market cap of $25.27 billion, a price-to-earnings ratio of 28.44, a price-to-earnings-growth ratio of 3.36 and a beta of 0.90.

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

Veralto Dividend Announcement

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