Veralto Corporation $VLTO Shares Sold by Welch & Forbes LLC

Welch & Forbes LLC cut its position in shares of Veralto Corporation (NYSE:VLTO) by 14.3% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 14,659 shares of the company’s stock after selling 2,451 shares during the period. Welch & Forbes LLC’s holdings in Veralto were worth $1,480,000 as of its most recent filing with the SEC.

Other hedge funds have also recently added to or reduced their stakes in the company. Harbor Asset Planning Inc. purchased a new stake in Veralto during the second quarter worth $26,000. Truvestments Capital LLC boosted its holdings in Veralto by 148.5% during the first quarter. Truvestments Capital LLC now owns 328 shares of the company’s stock worth $32,000 after buying an additional 196 shares in the last quarter. Ameritas Advisory Services LLC purchased a new stake in Veralto during the second quarter worth $51,000. Cloud Capital Management LLC purchased a new stake in Veralto during the first quarter worth $64,000. Finally, Marshall & Sullivan Inc. WA purchased a new stake in Veralto during the second quarter worth $74,000. 91.28% of the stock is owned by hedge funds and other institutional investors.

Veralto Stock Performance

NYSE:VLTO opened at $98.75 on Monday. The company’s 50-day moving average price is $104.96 and its 200-day moving average price is $102.22. The company has a current ratio of 1.57, a quick ratio of 1.40 and a debt-to-equity ratio of 0.69. The company has a market cap of $24.52 billion, a P/E ratio of 27.05, a P/E/G ratio of 3.08 and a beta of 0.89. Veralto Corporation has a twelve month low of $83.86 and a twelve month high of $110.11.

Veralto (NYSE:VLTO) last posted its quarterly earnings results on Tuesday, October 28th. The company reported $0.99 earnings per share for the quarter, topping the consensus estimate of $0.95 by $0.04. The firm had revenue of $1.40 billion for the quarter, compared to the consensus estimate of $1.40 billion. Veralto had a net margin of 16.75% and a return on equity of 38.69%. The company’s revenue for the quarter was up 6.8% on a year-over-year basis. During the same period last year, the firm posted $0.89 earnings per share. Veralto has set its FY 2025 guidance at 3.820-3.850 EPS. Q4 2025 guidance at 0.950-0.980 EPS. On average, sell-side analysts forecast that Veralto Corporation will post 3.66 earnings per share for the current fiscal year.

Veralto Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, October 31st. Stockholders of record on Tuesday, September 30th were paid a $0.11 dividend. This represents a $0.44 annualized dividend and a dividend yield of 0.4%. The ex-dividend date of this dividend was Tuesday, September 30th. Veralto’s dividend payout ratio (DPR) is currently 12.05%.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the stock. Barclays increased their price target on shares of Veralto from $119.00 to $121.00 and gave the stock an “overweight” rating in a report on Thursday. Weiss Ratings raised shares of Veralto from a “hold (c+)” rating to a “buy (b-)” rating in a report on Wednesday, October 8th. Robert W. Baird increased their price objective on shares of Veralto from $106.00 to $112.00 and gave the company a “neutral” rating in a report on Wednesday, July 30th. Stifel Nicolaus set a $120.00 price objective on shares of Veralto and gave the company a “buy” rating in a report on Wednesday, July 30th. Finally, Royal Bank Of Canada increased their price objective on shares of Veralto from $108.00 to $111.00 and gave the company a “sector perform” rating in a report on Thursday. Six equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $115.71.

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 shares were sold at an average price of $106.26, for a total value 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. This trade represents a 9.11% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Corporate insiders own 0.36% of the company’s stock.

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.