Ameritas Advisory Services LLC Takes $51,000 Position in Veralto Corporation $VLTO

Ameritas Advisory Services LLC purchased a new stake in shares of Veralto Corporation (NYSE:VLTO) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 509 shares of the company’s stock, valued at approximately $51,000.

Several other institutional investors have also recently made changes to their positions in the company. Mirae Asset Global Investments Co. Ltd. increased its stake in shares of Veralto by 26.0% during the second quarter. Mirae Asset Global Investments Co. Ltd. now owns 40,171 shares of the company’s stock valued at $4,055,000 after buying an additional 8,288 shares during the period. J. Safra Sarasin Holding AG grew its stake in Veralto by 44.3% in the second quarter. J. Safra Sarasin Holding AG now owns 50,948 shares of the company’s stock valued at $5,143,000 after purchasing an additional 15,651 shares during the last quarter. RKL Wealth Management LLC purchased a new position in Veralto in the second quarter valued at about $205,000. Robeco Institutional Asset Management B.V. grew its stake in Veralto by 162.1% in the second quarter. Robeco Institutional Asset Management B.V. now owns 1,064,810 shares of the company’s stock valued at $107,493,000 after purchasing an additional 658,529 shares during the last quarter. Finally, Community Financial Services Group LLC grew its stake in Veralto by 1.7% in the second quarter. Community Financial Services Group LLC now owns 54,235 shares of the company’s stock valued at $5,475,000 after purchasing an additional 891 shares during the last quarter. Hedge funds and other institutional investors own 91.28% of the company’s stock.

Veralto Price Performance

Shares of NYSE VLTO opened at $101.72 on Monday. The company has a debt-to-equity ratio of 1.00, a quick ratio of 2.06 and a current ratio of 2.32. The company has a market cap of $25.24 billion, a PE ratio of 28.41, a P/E/G ratio of 3.36 and a beta of 0.90. The business has a 50-day simple moving average of $106.58 and a two-hundred day simple moving average of $100.98. Veralto Corporation has a fifty-two week low of $83.86 and a fifty-two week high of $115.00.

Veralto (NYSE:VLTO) last issued its quarterly earnings results on Monday, July 28th. The company reported $0.93 earnings per share for the quarter, topping the consensus estimate of $0.89 by $0.04. The business had revenue of $1.37 billion during the quarter, compared to the consensus estimate of $1.34 billion. Veralto had a return on equity of 41.45% and a net margin of 16.65%.The company’s quarterly revenue was up 6.4% on a year-over-year basis. During the same quarter last year, the company 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. As a group, equities analysts expect that Veralto Corporation will post 3.66 EPS for the current fiscal year.

Veralto Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, October 31st. Investors of record on Tuesday, September 30th will be issued a dividend of $0.11 per share. The ex-dividend date of this dividend is Tuesday, September 30th. This represents a $0.44 dividend on an annualized basis and a dividend yield of 0.4%. Veralto’s payout ratio is 12.29%.

Insider Activity at Veralto

In related news, CEO Jennifer Honeycutt sold 10,646 shares of Veralto 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 sale, the chief executive officer owned 106,219 shares of the company’s stock, 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 document filed with the SEC, which is available through this hyperlink. 0.36% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several research firms have issued reports on VLTO. Raymond James Financial began coverage on Veralto in a research note on Tuesday, August 26th. They issued a “market perform” rating on the stock. Robert W. Baird lifted their target price on Veralto from $106.00 to $112.00 and gave the company a “neutral” rating in a research note on Wednesday, July 30th. Barclays cut their target price on Veralto from $120.00 to $119.00 and set an “overweight” rating on the stock in a research note on Monday, October 6th. Wolfe Research upgraded Veralto from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, July 30th. Finally, Stifel Nicolaus set a $120.00 target price on Veralto and gave the company a “buy” rating in a research note on Wednesday, July 30th. Six investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat, Veralto currently has an average rating of “Moderate Buy” and an average target price of $113.43.

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.