Rathbones Group PLC boosted its holdings in Veralto Corporation (NYSE:VLTO – Free Report) by 16.5% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 202,923 shares of the company’s stock after acquiring an additional 28,700 shares during the quarter. Rathbones Group PLC’s holdings in Veralto were worth $17,942,000 at the end of the most recent quarter.
Several other hedge funds have also recently added to or reduced their stakes in the business. Brighton Jones LLC lifted its position in shares of Veralto by 16.1% during the 4th quarter. Brighton Jones LLC now owns 3,459 shares of the company’s stock worth $352,000 after buying an additional 479 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in Veralto by 5.3% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 25,947 shares of the company’s stock worth $2,529,000 after acquiring an additional 1,306 shares in the last quarter. Empowered Funds LLC raised its stake in Veralto by 20.4% during the first quarter. Empowered Funds LLC now owns 4,551 shares of the company’s stock worth $443,000 after acquiring an additional 770 shares in the last quarter. Geneos Wealth Management Inc. raised its stake in Veralto by 102.4% during the first quarter. Geneos Wealth Management Inc. now owns 832 shares of the company’s stock worth $81,000 after acquiring an additional 421 shares in the last quarter. Finally, Sivia Capital Partners LLC bought a new position in shares of Veralto during the second quarter valued at $201,000. Institutional investors and hedge funds own 91.28% of the company’s stock.
Insiders Place Their Bets
In other Veralto news, CEO Jennifer Honeycutt sold 7,097 shares of the business’s stock in a transaction dated Wednesday, July 29th. The shares were sold at an average price of $101.52, for a total value of $720,487.44. Following the completion of the transaction, the chief executive officer directly owned 124,085 shares of the company’s stock, valued at approximately $12,597,109.20. The trade was a 5.41% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.43% of the company’s stock.
Veralto Price Performance
Veralto (NYSE:VLTO – Get Free Report) last announced its earnings results on Tuesday, July 28th. The company reported $1.11 earnings per share for the quarter, beating analysts’ consensus estimates of $1.01 by $0.10. Veralto had a return on equity of 34.76% and a net margin of 17.35%.The company had revenue of $1.47 billion during the quarter, compared to analyst estimates of $1.45 billion. During the same period last year, the company posted $0.93 earnings per share. The firm’s quarterly revenue was up 7.5% compared to the same quarter last year. Veralto has set its FY 2026 guidance at 4.350-4.430 EPS and its Q3 2026 guidance at 1.060-1.090 EPS. Equities research analysts expect that Veralto Corporation will post 4.41 EPS for the current fiscal year.
Veralto Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Friday, July 31st. Shareholders of record on Tuesday, June 30th were given a $0.13 dividend. This represents a $0.52 annualized dividend and a yield of 0.5%. The ex-dividend date was Tuesday, June 30th. Veralto’s dividend payout ratio (DPR) is presently 13.13%.
Analysts Set New Price Targets
Several brokerages have recently commented on VLTO. Stifel Nicolaus boosted their target price on shares of Veralto from $111.00 to $114.00 and gave the company a “buy” rating in a research note on Thursday. Royal Bank Of Canada lifted their price target on shares of Veralto from $100.00 to $109.00 and gave the company a “sector perform” rating in a report on Thursday. Robert W. Baird set a $111.00 price target on shares of Veralto in a research report on Thursday. Barclays upped their price objective on shares of Veralto from $113.00 to $117.00 and gave the stock an “overweight” rating in a research note on Thursday. Finally, Wolfe Research reaffirmed an “outperform” rating and set a $109.00 price objective on shares of Veralto in a report on Thursday, July 9th. Six analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Veralto presently has a consensus rating of “Moderate Buy” and a consensus target price of $110.90.
Read Our Latest Analysis on VLTO
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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