Loring Wolcott & Coolidge Fiduciary Advisors LLP MA Sells 25,497 Shares of Veralto Corporation $VLTO

Loring Wolcott & Coolidge Fiduciary Advisors LLP MA trimmed its position in shares of Veralto Corporation (NYSE:VLTO) by 5.4% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 448,386 shares of the company’s stock after selling 25,497 shares during the quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA’s holdings in Veralto were worth $47,022,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the business. Norges Bank bought a new stake in Veralto during the 2nd quarter valued at about $264,150,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main increased its position in Veralto by 6,015.1% in the second quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 1,347,647 shares of the company’s stock worth $136,045,000 after buying an additional 1,325,609 shares in the last quarter. AQR Capital Management LLC raised its stake in shares of Veralto by 154.7% in the second quarter. AQR Capital Management LLC now owns 1,159,433 shares of the company’s stock worth $117,045,000 after buying an additional 704,213 shares during the period. Westwood Holdings Group Inc. purchased a new position in Veralto during the second quarter valued at approximately $69,839,000. Finally, Robeco Institutional Asset Management B.V. boosted its stake in Veralto by 162.1% in 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 purchasing an additional 658,529 shares during the period. 91.28% of the stock is currently owned by institutional investors.

Veralto Stock Performance

Veralto stock opened at $102.74 on Monday. Veralto Corporation has a fifty-two week low of $83.86 and a fifty-two week high of $110.11. The company has a market capitalization of $25.51 billion, a PE ratio of 28.15, a P/E/G ratio of 2.93 and a beta of 0.88. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.40 and a current ratio of 1.57. The company has a 50 day moving average price of $100.06 and a 200-day moving average price of $103.13.

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, topping analysts’ consensus estimates of $0.95 by $0.04. Veralto had a return on equity of 38.69% and a net margin of 16.75%.The business had revenue of $1.40 billion for the quarter, compared to the consensus estimate of $1.40 billion. During the same period in the prior year, the firm posted $0.89 earnings per share. The business’s quarterly revenue was up 6.8% on a year-over-year basis. Veralto has set its FY 2025 guidance at 3.820-3.850 EPS and its Q4 2025 guidance at 0.950-0.980 EPS. As a group, equities analysts forecast that Veralto Corporation will post 3.66 earnings per share for the current year.

Veralto Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, January 30th. Investors of record on Wednesday, December 31st will be given a dividend of $0.13 per share. This is an increase from Veralto’s previous quarterly dividend of $0.11. This represents a $0.52 annualized dividend and a yield of 0.5%. The ex-dividend date is Wednesday, December 31st. Veralto’s dividend payout ratio (DPR) is 14.25%.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the stock. Royal Bank Of Canada boosted their target price on shares of Veralto from $108.00 to $111.00 and gave the stock a “sector perform” rating in a report on Thursday, October 30th. Citigroup dropped their target price on Veralto from $112.00 to $111.00 and set a “neutral” rating for the company in a report on Thursday, October 30th. BMO Capital Markets cut their target price on Veralto from $123.00 to $114.00 and set an “outperform” rating on the stock in a research report on Tuesday, November 25th. UBS Group raised their price target on Veralto from $110.00 to $112.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 5th. Finally, Jefferies Financial Group reaffirmed a “hold” rating and set a $105.00 price objective (down from $125.00) on shares of Veralto in a research note on Wednesday, December 10th. Five analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $112.89.

Insider Activity

In related news, SVP Mattias Bystrom sold 1,000 shares of the company’s stock in a transaction dated Monday, December 1st. The stock was sold at an average price of $101.73, for a total value of $101,730.00. Following the completion of the transaction, the senior vice president owned 31,430 shares of the company’s stock, valued at approximately $3,197,373.90. This represents a 3.08% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.36% of the stock is currently owned by corporate insiders.

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. This segment provides water solutions, including chemical reagents, services, and digital solutions.