Sumitomo Mitsui Trust Group Inc. lessened its position in Veralto Corporation (NYSE:VLTO – Free Report) by 6.4% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 575,744 shares of the company’s stock after selling 39,688 shares during the quarter. Sumitomo Mitsui Trust Group Inc.’s holdings in Veralto were worth $50,907,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other large investors have also added to or reduced their stakes in VLTO. Azzad Asset Management Inc. ADV lifted its stake in Veralto by 0.7% during the fourth quarter. Azzad Asset Management Inc. ADV now owns 15,098 shares of the company’s stock worth $1,506,000 after purchasing an additional 99 shares during the last quarter. IFP Advisors Inc increased its position in shares of Veralto by 14.0% during the 3rd quarter. IFP Advisors Inc now owns 855 shares of the company’s stock valued at $91,000 after purchasing an additional 105 shares during the last quarter. Creative Capital Management Investments LLC increased its position in shares of Veralto by 45.9% during the 4th quarter. Creative Capital Management Investments LLC now owns 340 shares of the company’s stock valued at $34,000 after purchasing an additional 107 shares during the last quarter. Private Advisor Group LLC raised its holdings in shares of Veralto by 0.7% during the 3rd quarter. Private Advisor Group LLC now owns 15,777 shares of the company’s stock valued at $1,682,000 after buying an additional 109 shares in the last quarter. Finally, Larson Financial Group LLC raised its holdings in shares of Veralto by 18.9% during the 3rd quarter. Larson Financial Group LLC now owns 735 shares of the company’s stock valued at $78,000 after buying an additional 117 shares in the last quarter. Hedge funds and other institutional investors own 91.28% of the company’s stock.
Analyst Upgrades and Downgrades
A number of analysts recently weighed in on the company. Weiss Ratings restated a “hold (c)” rating on shares of Veralto in a research report on Wednesday, June 24th. Wolfe Research reissued an “outperform” rating and set a $109.00 price target on shares of Veralto in a research note on Thursday. Robert W. Baird set a $103.00 price objective on shares of Veralto in a report on Thursday, April 30th. Citigroup cut their price objective on shares of Veralto from $104.00 to $102.00 and set a “neutral” rating for the company in a research note on Thursday, April 30th. Finally, Stifel Nicolaus reduced their target price on shares of Veralto from $118.00 to $110.00 and set a “buy” rating on the stock in a report on Tuesday, April 14th. Five investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. Based on data from MarketBeat, Veralto has a consensus rating of “Hold” and a consensus price target of $106.22.
Veralto Trading Up 0.0%
Shares of VLTO opened at $92.74 on Monday. The company has a quick ratio of 1.32, a current ratio of 1.48 and a debt-to-equity ratio of 0.65. The firm has a fifty day simple moving average of $86.59 and a two-hundred day simple moving average of $91.62. The stock has a market capitalization of $22.78 billion, a P/E ratio of 23.96, a PEG ratio of 2.61 and a beta of 0.63. Veralto Corporation has a twelve month low of $80.03 and a twelve month high of $110.11.
Veralto (NYSE:VLTO – Get Free Report) last announced its quarterly earnings results on Tuesday, April 28th. The company reported $1.07 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.02 by $0.05. The company had revenue of $1.42 billion for the quarter, compared to the consensus estimate of $1.40 billion. Veralto had a return on equity of 34.63% and a net margin of 17.33%.Veralto’s revenue was up 6.8% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.95 EPS. Veralto has set its FY 2026 guidance at 4.200-4.280 EPS and its Q2 2026 guidance at 0.960-1.000 EPS. On average, research analysts anticipate that Veralto Corporation will post 4.24 EPS for the current year.
Veralto Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 31st. Stockholders of record on Tuesday, June 30th will be given a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date is Tuesday, June 30th. Veralto’s dividend payout ratio (DPR) is currently 13.44%.
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. This segment provides water solutions, including chemical reagents, services, and digital solutions.
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