Veralto Corporation $VLTO Shares Sold by First Trust Advisors LP

First Trust Advisors LP decreased its holdings in shares of Veralto Corporation (NYSE:VLTO) by 1.1% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,822,898 shares of the company’s stock after selling 32,551 shares during the quarter. First Trust Advisors LP owned about 1.14% of Veralto worth $284,972,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in VLTO. Harbor Asset Planning Inc. acquired a new position in shares of Veralto during the second quarter worth about $26,000. Loomis Sayles & Co. L P purchased a new stake in shares of Veralto during the 2nd quarter valued at about $28,000. Truvestments Capital LLC lifted its position in Veralto by 148.5% during the 1st quarter. Truvestments Capital LLC now owns 328 shares of the company’s stock worth $32,000 after acquiring an additional 196 shares in the last quarter. Elevation Point Wealth Partners LLC purchased a new position in Veralto in the 2nd quarter worth approximately $50,000. Finally, Ameritas Advisory Services LLC acquired a new stake in Veralto in the second quarter valued at approximately $51,000. 91.28% of the stock is owned by hedge funds and other institutional investors.

Veralto Stock Up 0.4%

NYSE:VLTO opened at $102.25 on Thursday. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.40 and a current ratio of 1.57. The company has a market capitalization of $25.39 billion, a price-to-earnings ratio of 28.01, a price-to-earnings-growth ratio of 3.18 and a beta of 0.87. Veralto Corporation has a one year low of $83.86 and a one year high of $110.11. The stock has a 50-day simple moving average of $101.70 and a 200 day simple moving average of $102.92.

Veralto (NYSE:VLTO) last announced its quarterly earnings data on Tuesday, October 28th. The company reported $0.99 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.95 by $0.04. The firm had revenue of $1.40 billion for the quarter, compared to analysts’ expectations of $1.40 billion. Veralto had a return on equity of 38.69% and a net margin of 16.75%.Veralto’s revenue for the quarter was up 6.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.89 earnings per share. Veralto has set its FY 2025 guidance at 3.820-3.850 EPS and its Q4 2025 guidance at 0.950-0.980 EPS. Sell-side analysts predict that Veralto Corporation will post 3.66 EPS for the current fiscal year.

Veralto Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 31st. Investors of record on Tuesday, September 30th were paid a dividend of $0.11 per share. The ex-dividend date was Tuesday, September 30th. This represents a $0.44 annualized dividend and a yield of 0.4%. Veralto’s dividend payout ratio (DPR) is 12.05%.

Insider Buying and Selling

In other Veralto news, SVP Mattias Bystrom sold 1,000 shares of the business’s stock in a transaction on Monday, December 1st. The shares were sold at an average price of $101.73, for a total transaction of $101,730.00. Following the completion of the sale, the senior vice president owned 31,430 shares in the company, valued at $3,197,373.90. The trade was a 3.08% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.36% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the stock. Citigroup reduced their target price on shares of Veralto from $112.00 to $111.00 and set a “neutral” rating on the stock in a research report on Thursday, October 30th. Royal Bank Of Canada boosted their price objective on shares of Veralto from $108.00 to $111.00 and gave the stock a “sector perform” rating in a report on Thursday, October 30th. Raymond James Financial started coverage on Veralto in a research note on Tuesday, August 26th. They set a “market perform” rating for the company. BMO Capital Markets dropped their target price on Veralto from $123.00 to $114.00 and set an “outperform” rating on the stock in a research report on Tuesday, November 25th. Finally, UBS Group increased their price target on Veralto from $110.00 to $112.00 and gave the company a “neutral” rating in a report on Wednesday, November 5th. Seven research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat.com, Veralto currently has a consensus rating of “Moderate Buy” and an average target price of $115.11.

Veralto 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.