Vinva Investment Management Ltd Acquires 19,886 Shares of Veralto Corporation $VLTO

Vinva Investment Management Ltd grew its holdings in Veralto Corporation (NYSE:VLTO) by 152.1% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 32,962 shares of the company’s stock after buying an additional 19,886 shares during the period. Vinva Investment Management Ltd’s holdings in Veralto were worth $3,331,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in VLTO. Harbor Asset Planning Inc. bought a new position in shares of Veralto in the 2nd quarter valued at about $26,000. Truvestments Capital LLC raised its position in Veralto by 148.5% during the first quarter. Truvestments Capital LLC now owns 328 shares of the company’s stock valued at $32,000 after purchasing an additional 196 shares during the period. Ameritas Advisory Services LLC bought a new stake in shares of Veralto in the 2nd quarter valued at approximately $51,000. Marshall & Sullivan Inc. WA bought a new stake in shares of Veralto in the 2nd quarter valued at approximately $74,000. Finally, IFP Advisors Inc boosted its holdings in shares of Veralto by 70.8% in the 2nd quarter. IFP Advisors Inc now owns 750 shares of the company’s stock worth $76,000 after purchasing an additional 311 shares during the period. 91.28% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on VLTO. BMO Capital Markets lowered their price target on Veralto from $123.00 to $114.00 and set an “outperform” rating for the company in a research report on Tuesday. Royal Bank Of Canada upped their price target on shares of Veralto from $108.00 to $111.00 and gave the company a “sector perform” rating in a report on Thursday, October 30th. Citigroup reduced their price objective 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. Raymond James Financial initiated coverage on Veralto in a research report on Tuesday, August 26th. They set a “market perform” rating for the company. Finally, Weiss Ratings upgraded Veralto from a “hold (c+)” rating to a “buy (b-)” rating in a report on Wednesday, October 8th. Seven analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $115.11.

Veralto Stock Down 2.6%

NYSE:VLTO opened at $101.30 on Friday. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.57 and a quick ratio of 1.40. Veralto Corporation has a 1-year low of $83.86 and a 1-year high of $110.11. The company has a 50-day moving average of $102.05 and a 200 day moving average of $102.88. The firm has a market cap of $25.15 billion, a PE ratio of 27.75, a price-to-earnings-growth ratio of 3.16 and a beta of 0.89.

Veralto (NYSE:VLTO) last announced its quarterly earnings results on Tuesday, October 28th. The company reported $0.99 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.95 by $0.04. The business 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 revenue was up 6.8% compared to the same quarter last year. During the same period last year, the business posted $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. As a group, research analysts anticipate that Veralto Corporation will post 3.66 EPS for the current fiscal year.

Veralto Announces Dividend

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

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.