Veralto Corporation $VLTO Shares Purchased by Sequoia Financial Advisors LLC

Sequoia Financial Advisors LLC boosted its position in Veralto Corporation (NYSE:VLTO) by 62.0% in the 2nd quarter, HoldingsChannel reports. The firm owned 9,992 shares of the company’s stock after purchasing an additional 3,824 shares during the period. Sequoia Financial Advisors LLC’s holdings in Veralto were worth $1,009,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Brighton Jones LLC grew its holdings in Veralto by 16.1% in the 4th quarter. Brighton Jones LLC now owns 3,459 shares of the company’s stock valued at $352,000 after buying an additional 479 shares during the period. Wealth Enhancement Advisory Services LLC grew its holdings in Veralto by 1.8% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 73,545 shares of the company’s stock valued at $7,167,000 after buying an additional 1,284 shares during the period. Sowell Financial Services LLC purchased a new stake in Veralto in the 1st quarter valued at about $236,000. State of Alaska Department of Revenue grew its holdings in Veralto by 2.8% in the 1st quarter. State of Alaska Department of Revenue now owns 28,982 shares of the company’s stock valued at $2,824,000 after buying an additional 785 shares during the period. Finally, ORG Wealth Partners LLC purchased a new stake in Veralto in the 1st quarter valued at about $92,000. Institutional investors and hedge funds own 91.28% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have commented on VLTO shares. Wolfe Research upgraded Veralto from a “hold” rating to a “strong-buy” rating in a report on Wednesday, July 30th. Raymond James Financial started coverage on Veralto in a report on Tuesday, August 26th. They issued a “market perform” rating for the company. Barclays lowered their price target on Veralto from $120.00 to $119.00 and set an “overweight” rating for the company in a report on Monday, October 6th. Royal Bank Of Canada boosted their target price on Veralto from $104.00 to $108.00 and gave the stock a “sector perform” rating in a report on Wednesday, July 30th. Finally, Robert W. Baird boosted their target price on Veralto from $106.00 to $112.00 and gave the stock a “neutral” rating in a report on Wednesday, July 30th. Six investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $113.43.

Veralto Stock Up 1.0%

Shares of NYSE:VLTO opened at $102.88 on Friday. The company has a debt-to-equity ratio of 1.00, a quick ratio of 2.06 and a current ratio of 2.32. Veralto Corporation has a 1 year low of $83.86 and a 1 year high of $115.00. The stock has a market capitalization of $25.53 billion, a P/E ratio of 28.74, a PEG ratio of 3.36 and a beta of 0.90. The stock has a 50-day simple moving average of $106.06 and a 200-day simple moving average of $101.10.

Veralto (NYSE:VLTO) last issued its earnings results on Monday, July 28th. The company reported $0.93 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.89 by $0.04. The business had revenue of $1.37 billion during the quarter, compared to analysts’ expectations of $1.34 billion. Veralto had a return on equity of 41.45% and a net margin of 16.65%.The company’s revenue for the quarter was up 6.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.85 EPS. 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 earnings per share for the current year.

Veralto Announces Dividend

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

Insider Buying and Selling

In related news, CEO Jennifer Honeycutt sold 10,646 shares of the business’s stock in a transaction that occurred on 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 transaction, the chief executive officer directly owned 106,219 shares of the company’s stock, valued at approximately $11,286,830.94. The trade was a 9.11% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Company insiders own 0.36% of the company’s stock.

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.