Middleton & Co. Inc. MA Has $520,000 Holdings in Veralto Corporation $VLTO

Middleton & Co. Inc. MA decreased its stake in shares of Veralto Corporation (NYSE:VLTO) by 16.4% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 5,156 shares of the company’s stock after selling 1,010 shares during the period. Middleton & Co. Inc. MA’s holdings in Veralto were worth $520,000 as of its most recent filing with the SEC.

A number of other large investors have also recently added to or reduced their stakes in the stock. Harbor Asset Planning Inc. bought a new position in shares of Veralto in the second quarter valued at approximately $26,000. Truvestments Capital LLC boosted its holdings in shares of Veralto by 148.5% during the 1st quarter. Truvestments Capital LLC now owns 328 shares of the company’s stock worth $32,000 after buying an additional 196 shares during the period. Ameritas Advisory Services LLC acquired a new position in Veralto in the 2nd quarter valued at $51,000. Marshall & Sullivan Inc. WA bought a new position in Veralto in the 2nd quarter worth $74,000. Finally, IFP Advisors Inc raised its holdings in Veralto by 70.8% in the 2nd quarter. IFP Advisors Inc now owns 750 shares of the company’s stock worth $76,000 after acquiring an additional 311 shares during the period. Institutional investors own 91.28% of the company’s stock.

Insider Activity

In related news, CEO Jennifer Honeycutt sold 10,646 shares of the firm’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 completion of the transaction, the chief executive officer owned 106,219 shares in the company, valued at $11,286,830.94. This trade represents a 9.11% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.36% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on VLTO. Weiss Ratings raised Veralto from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Wednesday, October 8th. Royal Bank Of Canada increased their target price on Veralto from $108.00 to $111.00 and gave the company a “sector perform” rating in a research note on Thursday, October 30th. Robert W. Baird raised their target price on Veralto from $106.00 to $112.00 and gave the company a “neutral” rating in a report on Wednesday, July 30th. UBS Group upped their price target on Veralto from $110.00 to $112.00 and gave the stock a “neutral” rating in a report on Wednesday. Finally, Wolfe Research raised Veralto from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, July 30th. Six analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $115.25.

Veralto Price Performance

Shares of VLTO stock opened at $98.64 on Friday. The stock has a 50 day moving average of $104.33 and a two-hundred day moving average of $102.31. 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 capitalization of $24.49 billion, a P/E ratio of 27.03, a P/E/G ratio of 3.12 and a beta of 0.89. Veralto Corporation has a 12 month low of $83.86 and a 12 month high of $110.11.

Veralto (NYSE:VLTO) last announced its quarterly earnings data on Tuesday, October 28th. The company reported $0.99 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.95 by $0.04. Veralto had a net margin of 16.75% and a return on equity of 38.69%. The company had revenue of $1.40 billion during the quarter, compared to analysts’ expectations of $1.40 billion. During the same quarter in the prior year, the company posted $0.89 EPS. The business’s revenue was up 6.8% on a year-over-year basis. Veralto has set its FY 2025 guidance at 3.820-3.850 EPS. Q4 2025 guidance at 0.950-0.980 EPS. As a group, equities analysts expect that Veralto Corporation will post 3.66 EPS for the current year.

Veralto Announces Dividend

The business also recently disclosed 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 was Tuesday, September 30th. Veralto’s dividend payout ratio is currently 12.05%.

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.