VIRGINIA RETIREMENT SYSTEMS ET Al Makes New Investment in Veralto Corporation $VLTO

VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new position in shares of Veralto Corporation (NYSE:VLTO) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 167,592 shares of the company’s stock, valued at approximately $16,918,000.

Other large investors also recently made changes to their positions in the company. Brighton Jones LLC raised its position in shares of Veralto by 16.1% in the 4th quarter. Brighton Jones LLC now owns 3,459 shares of the company’s stock worth $352,000 after buying an additional 479 shares during the period. Wealth Enhancement Advisory Services LLC raised its position in shares of Veralto by 1.8% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 73,545 shares of the company’s stock worth $7,167,000 after buying an additional 1,284 shares during the period. Sowell Financial Services LLC purchased a new position in shares of Veralto in the 1st quarter worth $236,000. State of Alaska Department of Revenue raised its position in shares of Veralto by 2.8% in the 1st quarter. State of Alaska Department of Revenue now owns 28,982 shares of the company’s stock worth $2,824,000 after buying an additional 785 shares during the period. Finally, Kentucky Retirement Systems Insurance Trust Fund purchased a new position in shares of Veralto in the 1st quarter worth $700,000. Hedge funds and other institutional investors own 91.28% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently weighed in on the company. Robert W. Baird increased their target price on Veralto from $106.00 to $112.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 30th. Wolfe Research raised Veralto from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, July 30th. Barclays cut their price objective on Veralto from $120.00 to $119.00 and set an “overweight” rating on the stock in a research report on Monday, October 6th. Stifel Nicolaus set a $120.00 price objective on Veralto and gave the company a “buy” rating in a research report on Wednesday, July 30th. Finally, Weiss Ratings raised Veralto from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Wednesday, October 8th. Six investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat.com, Veralto presently has a consensus rating of “Moderate Buy” and an average target price of $113.43.

Insider Buying and Selling at Veralto

In other news, CEO Jennifer Honeycutt sold 10,646 shares of the firm’s 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 directly owned 106,219 shares in the company, valued at $11,286,830.94. This trade represents a 9.11% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.36% of the stock is owned by corporate insiders.

Veralto Stock Up 1.0%

Shares of Veralto stock opened at $102.88 on Monday. The business has a 50-day moving average of $106.06 and a 200-day moving average of $101.16. The company has a debt-to-equity ratio of 1.00, a current ratio of 2.32 and a quick ratio of 2.06. The company has a market capitalization of $25.53 billion, a PE ratio of 28.74, a P/E/G ratio of 3.39 and a beta of 0.90. Veralto Corporation has a 1-year low of $83.86 and a 1-year high of $115.00.

Veralto (NYSE:VLTO) last announced its earnings results on Monday, July 28th. The company reported $0.93 earnings per share for the quarter, beating the consensus estimate of $0.89 by $0.04. The company 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 revenue was up 6.4% on a year-over-year basis. During the same period last year, the firm 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 forecast that Veralto Corporation will post 3.66 EPS for the current fiscal year.

Veralto Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 31st. Stockholders of record on Tuesday, September 30th will be paid a dividend of $0.11 per share. The ex-dividend date is Tuesday, September 30th. This represents a $0.44 annualized dividend and a dividend yield of 0.4%. Veralto’s dividend payout ratio (DPR) is currently 12.29%.

About Veralto

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.