RKL Wealth Management LLC Invests $205,000 in Veralto Corporation $VLTO

RKL Wealth Management LLC acquired a new position in shares of Veralto Corporation (NYSE:VLTO) during the 2nd quarter, HoldingsChannel.com reports. The fund acquired 2,026 shares of the company’s stock, valued at approximately $205,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Truvestments Capital LLC increased its holdings in shares of Veralto by 148.5% during the 1st quarter. Truvestments Capital LLC now owns 328 shares of the company’s stock worth $32,000 after purchasing an additional 196 shares during the period. Opal Wealth Advisors LLC bought a new stake in Veralto in the first quarter valued at about $45,000. Grove Bank & Trust increased its stake in Veralto by 198.2% in the first quarter. Grove Bank & Trust now owns 510 shares of the company’s stock valued at $50,000 after acquiring an additional 339 shares during the period. Cloud Capital Management LLC bought a new stake in Veralto in the first quarter valued at about $64,000. Finally, Marshall & Sullivan Inc. WA bought a new stake in Veralto in the second quarter valued at about $74,000. Institutional investors own 91.28% of the company’s stock.

Insider Activity

In other news, CEO Jennifer Honeycutt sold 10,646 shares of the company’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 transaction, the chief executive officer directly owned 106,219 shares in the company, valued at approximately $11,286,830.94. This represents a 9.11% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.36% of the company’s stock.

Analyst Upgrades and Downgrades

VLTO has been the topic of a number of analyst reports. Raymond James Financial initiated coverage on shares of Veralto in a research note on Tuesday, August 26th. They issued a “market perform” rating on the stock. Barclays initiated coverage on shares of Veralto in a research note on Friday, September 19th. They issued an “overweight” rating and a $120.00 target price on the stock. Wolfe Research raised shares of Veralto from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, July 30th. 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. Finally, Robert W. Baird upped their target price on shares of Veralto from $106.00 to $112.00 and gave the company a “neutral” 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 stock. According to MarketBeat, Veralto currently has a consensus rating of “Moderate Buy” and an average target price of $113.57.

Veralto Price Performance

NYSE:VLTO opened at $106.09 on Thursday. The firm has a market cap of $26.33 billion, a PE ratio of 29.63, a price-to-earnings-growth ratio of 3.54 and a beta of 0.90. Veralto Corporation has a 12 month low of $83.86 and a 12 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’s 50-day moving average price is $106.51 and its two-hundred day moving average price is $100.62.

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

Veralto Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, October 31st. Stockholders of record on Tuesday, September 30th will be given 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 is Tuesday, September 30th. Veralto’s dividend payout ratio is presently 12.29%.

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.