Mutual of America Capital Management LLC Decreases Stock Holdings in Veralto Corporation $VLTO

Mutual of America Capital Management LLC trimmed its position in Veralto Corporation (NYSE:VLTO) by 3.5% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 53,438 shares of the company’s stock after selling 1,924 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Veralto were worth $5,395,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. increased its stake in shares of Veralto by 1.3% in the first quarter. Vanguard Group Inc. now owns 29,737,470 shares of the company’s stock worth $2,897,916,000 after buying an additional 390,285 shares during the period. T. Rowe Price Investment Management Inc. increased its stake in shares of Veralto by 8.3% in the first quarter. T. Rowe Price Investment Management Inc. now owns 10,541,438 shares of the company’s stock worth $1,027,264,000 after buying an additional 811,843 shares during the period. Alliancebernstein L.P. increased its stake in shares of Veralto by 28.0% in the first quarter. Alliancebernstein L.P. now owns 6,235,563 shares of the company’s stock worth $607,656,000 after buying an additional 1,363,502 shares during the period. Invesco Ltd. increased its stake in shares of Veralto by 6.9% in the first quarter. Invesco Ltd. now owns 4,856,071 shares of the company’s stock worth $473,224,000 after buying an additional 314,704 shares during the period. Finally, Bank of New York Mellon Corp increased its stake in shares of Veralto by 13.6% in the first quarter. Bank of New York Mellon Corp now owns 4,259,348 shares of the company’s stock worth $415,074,000 after buying an additional 509,104 shares during the period. 91.28% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Veralto

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

Analysts Set New Price Targets

Several research analysts recently commented on VLTO shares. Barclays decreased their target price on shares of Veralto from $120.00 to $119.00 and set an “overweight” rating on the stock in a research note on Monday, October 6th. Robert W. Baird lifted their price target on shares of Veralto from $106.00 to $112.00 and gave the company a “neutral” rating in a report on Wednesday, July 30th. Royal Bank Of Canada lifted their price target on shares of Veralto from $104.00 to $108.00 and gave the company a “sector perform” rating in a report on Wednesday, July 30th. Stifel Nicolaus set a $120.00 price target on shares of Veralto and gave the company a “buy” rating in a report on Wednesday, July 30th. Finally, Weiss Ratings upgraded shares of Veralto from a “hold (c+)” rating to a “buy (b-)” rating in a report on Wednesday, October 8th. Six research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $113.43.

Veralto Stock Performance

NYSE:VLTO opened at $103.86 on Wednesday. The stock has a market cap of $25.77 billion, a P/E ratio of 29.01, a price-to-earnings-growth ratio of 3.43 and a beta of 0.90. The firm’s fifty day simple moving average is $105.90 and its 200 day simple moving average is $101.29. Veralto Corporation has a twelve month low of $83.86 and a twelve 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.

Veralto (NYSE:VLTO) last released its quarterly 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. Veralto had a net margin of 16.65% and a return on equity of 41.45%. The business had revenue of $1.37 billion for the quarter, compared to analysts’ expectations of $1.34 billion. During the same quarter in the previous year, the business posted $0.85 earnings per share. The firm’s revenue for the quarter was up 6.4% compared to the same quarter last year. 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, research analysts predict that Veralto Corporation will post 3.66 EPS for the current 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 issued 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 payout ratio is 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.