Charles Schwab Investment Management Inc. Lowers Stock Holdings in Veralto Corporation $VLTO

Charles Schwab Investment Management Inc. lowered its position in Veralto Corporation (NYSE:VLTO) by 1.9% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 1,543,176 shares of the company’s stock after selling 29,427 shares during the period. Charles Schwab Investment Management Inc.’s holdings in Veralto were worth $155,784,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of VLTO. Harbor Asset Planning Inc. bought a new stake in Veralto during the second quarter valued at about $26,000. Truvestments Capital LLC raised its stake in Veralto by 148.5% during the 1st quarter. Truvestments Capital LLC now owns 328 shares of the company’s stock valued at $32,000 after purchasing an additional 196 shares during the period. Ameritas Advisory Services LLC bought a new stake in Veralto during the 2nd quarter valued at approximately $51,000. Marshall & Sullivan Inc. WA purchased a new position in Veralto in the 2nd quarter worth approximately $74,000. Finally, IFP Advisors Inc boosted its stake 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 purchasing an additional 311 shares during the period. 91.28% of the stock is owned by institutional investors.

Insiders Place Their Bets

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

Analyst Ratings Changes

VLTO has been the topic of several recent analyst reports. Raymond James Financial initiated coverage on shares of Veralto in a research report on Tuesday, August 26th. They set a “market perform” rating on the stock. Robert W. Baird boosted their price target on shares of Veralto from $106.00 to $112.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 30th. Weiss Ratings raised shares of Veralto from a “hold (c+)” rating to a “buy (b-)” rating in a report on Wednesday, October 8th. Stifel Nicolaus set a $120.00 target price on Veralto and gave the stock a “buy” rating in a report on Wednesday, July 30th. Finally, Barclays boosted their target price on Veralto from $119.00 to $121.00 and gave the stock an “overweight” rating in a research report on Thursday, October 30th. Seven research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. According to MarketBeat, Veralto currently has an average rating of “Moderate Buy” and an average target price of $115.11.

Veralto Stock Performance

Shares of NYSE:VLTO opened at $101.30 on Thursday. The firm has a fifty day simple moving average of $102.17 and a two-hundred day simple moving average of $102.89. Veralto Corporation has a 52 week low of $83.86 and a 52 week high of $110.11. The company has a quick ratio of 1.40, a current ratio of 1.57 and a debt-to-equity ratio of 0.69. The stock has a market capitalization of $25.15 billion, a P/E ratio of 27.75, a PEG ratio of 3.25 and a beta of 0.89.

Veralto (NYSE:VLTO) last announced its quarterly earnings results on Tuesday, October 28th. The company reported $0.99 EPS for the quarter, beating analysts’ consensus estimates of $0.95 by $0.04. The firm had revenue of $1.40 billion during 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 firm’s revenue for the quarter was up 6.8% compared to the same quarter last year. During the same quarter last year, the firm earned $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, analysts expect that Veralto Corporation will post 3.66 earnings per share for the current fiscal 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 given a dividend of $0.11 per share. 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 currently 12.05%.

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.