Burling Wealth Partners LLC Acquires 1,458 Shares of Veralto Corporation $VLTO

Burling Wealth Partners LLC boosted its stake in shares of Veralto Corporation (NYSE:VLTO) by 4.5% during the second quarter, Holdings Channel reports. The fund owned 33,797 shares of the company’s stock after acquiring an additional 1,458 shares during the period. Burling Wealth Partners LLC’s holdings in Veralto were worth $3,412,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in VLTO. Nuveen LLC acquired a new position in shares of Veralto during the first quarter worth approximately $172,399,000. Alliancebernstein L.P. increased its holdings 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 valued at $607,656,000 after purchasing an additional 1,363,502 shares in the last quarter. T. Rowe Price Investment Management Inc. raised its position in Veralto by 8.3% in the 1st 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 last quarter. JPMorgan Chase & Co. lifted its holdings in Veralto by 26.8% during the 1st quarter. JPMorgan Chase & Co. now owns 3,223,571 shares of the company’s stock worth $314,137,000 after buying an additional 682,123 shares in the last quarter. Finally, Robeco Institutional Asset Management B.V. lifted its holdings in Veralto by 162.1% during the 2nd quarter. Robeco Institutional Asset Management B.V. now owns 1,064,810 shares of the company’s stock worth $107,493,000 after buying an additional 658,529 shares in the last quarter. Institutional investors and hedge funds own 91.28% of the company’s stock.

Insider Activity

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

Veralto Price Performance

Veralto stock opened at $98.53 on Friday. 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 firm has a market capitalization of $24.46 billion, a P/E ratio of 26.99, a PEG ratio of 3.05 and a beta of 0.89. The business has a 50-day moving average of $103.57 and a 200-day moving average of $102.59. Veralto Corporation has a 1 year low of $83.86 and a 1 year high of $110.11.

Veralto (NYSE:VLTO) last announced its quarterly earnings results on Tuesday, October 28th. The company reported $0.99 earnings per share for the quarter, beating analysts’ consensus estimates of $0.95 by $0.04. The business 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%. Veralto’s revenue for the quarter was up 6.8% on a year-over-year basis. During the same period last year, the company posted $0.89 EPS. Veralto has set its FY 2025 guidance at 3.820-3.850 EPS. Q4 2025 guidance at 0.950-0.980 EPS. On average, equities analysts anticipate that Veralto Corporation will post 3.66 EPS for the current year.

Veralto Announces Dividend

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

Analyst Upgrades and Downgrades

VLTO has been the subject of several research reports. Raymond James Financial began coverage on Veralto in a research note on Tuesday, August 26th. They issued a “market perform” rating for the company. Citigroup lowered their price objective on Veralto from $112.00 to $111.00 and set a “neutral” rating for the company in a research report on Thursday, October 30th. Wolfe Research raised Veralto from a “hold” rating to a “strong-buy” rating in a report on Wednesday, July 30th. Royal Bank Of Canada upped their target price on shares of Veralto from $108.00 to $111.00 and gave the company a “sector perform” rating in a research report on Thursday, October 30th. Finally, Robert W. Baird raised their target price on shares of Veralto from $106.00 to $112.00 and gave the company a “neutral” rating in a research note on Wednesday, July 30th. Six equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $115.25.

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.