Resona Asset Management Co. Ltd. Acquires 6,173 Shares of Veralto Corporation $VLTO

Resona Asset Management Co. Ltd. boosted its holdings in shares of Veralto Corporation (NYSE:VLTO) by 7.5% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 88,891 shares of the company’s stock after buying an additional 6,173 shares during the quarter. Resona Asset Management Co. Ltd.’s holdings in Veralto were worth $8,975,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the business. Nuveen LLC acquired a new position in shares of Veralto during the 1st quarter worth approximately $172,399,000. Alliancebernstein L.P. lifted its holdings in Veralto by 28.0% during the 1st quarter. Alliancebernstein L.P. now owns 6,235,563 shares of the company’s stock valued at $607,656,000 after purchasing an additional 1,363,502 shares during the last quarter. T. Rowe Price Investment Management Inc. boosted its position in Veralto by 8.3% during 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 purchasing an additional 811,843 shares during the period. JPMorgan Chase & Co. boosted its position in Veralto by 26.8% during the first quarter. JPMorgan Chase & Co. now owns 3,223,571 shares of the company’s stock worth $314,137,000 after purchasing an additional 682,123 shares during the period. Finally, Robeco Institutional Asset Management B.V. increased its holdings in shares of Veralto by 162.1% in the second quarter. Robeco Institutional Asset Management B.V. now owns 1,064,810 shares of the company’s stock valued at $107,493,000 after purchasing an additional 658,529 shares during the last quarter. 91.28% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the stock. Royal Bank Of Canada raised their target price on shares of Veralto from $108.00 to $111.00 and gave the stock a “sector perform” rating in a research note on Thursday, October 30th. Stifel Nicolaus set a $120.00 price objective on shares of Veralto and gave the stock a “buy” rating in a research report on Wednesday, July 30th. Robert W. Baird boosted their price objective on Veralto from $106.00 to $112.00 and gave the stock a “neutral” rating in a report on Wednesday, July 30th. Citigroup lowered their target price on Veralto from $112.00 to $111.00 and set a “neutral” rating on the stock in a research note on Thursday, October 30th. Finally, Barclays lifted their price target on Veralto from $119.00 to $121.00 and gave the stock an “overweight” rating in a report on Thursday, October 30th. Six research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to MarketBeat, Veralto has a consensus rating of “Moderate Buy” and a consensus price target of $115.25.

Veralto Stock Performance

Shares of NYSE:VLTO opened at $98.58 on Friday. Veralto Corporation has a 12-month low of $83.86 and a 12-month high of $110.11. The company’s 50 day moving average price is $104.18 and its two-hundred day moving average price is $102.48. The firm has a market cap of $24.48 billion, a PE ratio of 27.01, a PEG ratio of 3.08 and a beta of 0.89. The company has a quick ratio of 1.40, a current ratio of 1.57 and a debt-to-equity ratio of 0.69.

Veralto (NYSE:VLTO) last issued its quarterly earnings results on Tuesday, October 28th. The company reported $0.99 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.95 by $0.04. The business had revenue of $1.40 billion during the quarter, compared to analysts’ expectations of $1.40 billion. Veralto had a return on equity of 38.69% and a net margin of 16.75%.The firm’s revenue for the quarter was up 6.8% compared to the same quarter last year. During the same period in the previous year, the company 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. Equities research analysts predict that Veralto Corporation will post 3.66 earnings per share for the current year.

Veralto Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, October 31st. Stockholders of record on Tuesday, September 30th were issued a dividend of $0.11 per share. 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 is 12.05%.

Insider Activity at Veralto

In related news, CEO Jennifer Honeycutt sold 10,646 shares of the business’s stock in a transaction dated Friday, August 29th. The stock was sold at an average price of $106.26, for a total value of $1,131,243.96. Following the completion of the transaction, the chief executive officer owned 106,219 shares of the company’s stock, valued at $11,286,830.94. The trade was a 9.11% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 0.36% of the company’s stock.

Veralto Company 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.