Vest Financial LLC lifted its stake in shares of Veralto Corporation (NYSE:VLTO – Free Report) by 15.7% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 854,460 shares of the company’s stock after buying an additional 116,143 shares during the quarter. Veralto comprises about 0.8% of Vest Financial LLC’s holdings, making the stock its 24th biggest holding. Vest Financial LLC’s holdings in Veralto were worth $80,593,000 as of its most recent filing with the Securities and Exchange Commission.
Several other large investors have also modified their holdings of the stock. Arbejdsmarkedets Tillaegspension raised its stake in Veralto by 23.4% during the 1st quarter. Arbejdsmarkedets Tillaegspension now owns 291,695 shares of the company’s stock worth $25,792,000 after acquiring an additional 55,348 shares in the last quarter. Handelsbanken Fonder AB lifted its position in Veralto by 9.1% in the second quarter. Handelsbanken Fonder AB now owns 219,254 shares of the company’s stock valued at $19,443,000 after acquiring an additional 18,277 shares during the last quarter. Groupe la Francaise boosted its stake in Veralto by 18.4% in the second quarter. Groupe la Francaise now owns 130,703 shares of the company’s stock valued at $11,594,000 after acquiring an additional 20,294 shares in the last quarter. Formuepleje A S boosted its stake in Veralto by 61.8% in the second quarter. Formuepleje A S now owns 42,528 shares of the company’s stock valued at $3,771,000 after acquiring an additional 16,240 shares in the last quarter. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new position in Veralto in the second quarter valued at $13,887,000. Institutional investors and hedge funds own 91.28% of the company’s stock.
Veralto Stock Performance
Shares of Veralto stock opened at $101.23 on Thursday. The firm’s fifty day simple moving average is $97.23 and its 200-day simple moving average is $92.05. Veralto Corporation has a 12 month low of $80.03 and a 12 month high of $105.75. The stock has a market capitalization of $24.68 billion, a price-to-earnings ratio of 25.56, a PEG ratio of 2.87 and a beta of 0.62. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.78 and a quick ratio of 1.61.
Veralto (NYSE:VLTO – Get Free Report) last issued its quarterly earnings results on Tuesday, July 28th. The company reported $1.11 earnings per share for the quarter, topping analysts’ consensus estimates of $1.01 by $0.10. Veralto had a net margin of 17.35% and a return on equity of 34.76%. The firm had revenue of $1.47 billion during the quarter, compared to analysts’ expectations of $1.45 billion. During the same quarter in the prior year, the business earned $0.93 EPS. Veralto’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. As a group, equities analysts forecast that Veralto Corporation will post 4.41 earnings per share for the current year.
Veralto Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Friday, October 30th. Stockholders of record on Wednesday, September 30th will be issued a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date of this dividend is Wednesday, September 30th. Veralto’s dividend payout ratio is presently 13.13%.
Analysts Set New Price Targets
VLTO has been the topic of several research reports. Citigroup raised their price objective on Veralto from $102.00 to $107.00 and gave the stock a “neutral” rating in a report on Thursday, July 30th. Jefferies Financial Group raised Veralto to a “strong-buy” rating in a report on Monday, October 12th. UBS Group upped their target price on Veralto from $104.00 to $106.00 and gave the company a “neutral” rating in a research report on Monday, October 5th. Weiss Ratings raised Veralto from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday. Finally, Royal Bank Of Canada raised their price target on Veralto from $100.00 to $109.00 and gave the stock a “sector perform” rating in a research note on Thursday, July 30th. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $112.60.
Check Out Our Latest Stock Report on VLTO
Insider Transactions at Veralto
In other news, SVP Surekha Trivedi sold 986 shares of the stock in a transaction dated Monday, August 17th. The shares were sold at an average price of $97.05, for a total transaction of $95,691.30. Following the completion of the sale, the senior vice president owned 8,565 shares in the company, valued at approximately $831,233.25. This represents a 10.32% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Jennifer Honeycutt sold 7,097 shares of the stock in a transaction dated Wednesday, July 29th. The stock was sold at an average price of $101.52, for a total transaction of $720,487.44. Following the sale, the chief executive officer owned 124,085 shares of the company’s stock, valued at $12,597,109.20. This trade represents a 5.41% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.43% of the stock is currently owned by corporate insiders.
About Veralto
Veralto Corporation (NYSE: VLTO) is a global provider of technology, products and services that help customers manage water quality and improve the quality, safety and efficiency of packaged goods. The company serves municipal, industrial, commercial and consumer-facing markets through a portfolio of operating businesses.
Veralto’s Water Quality segment provides instruments, software and services used to test, monitor and treat water and wastewater. Its brands include Hach, Trojan Technologies and ChemTreat, which support applications such as laboratory and field testing, disinfection, water treatment and industrial water management.
The company’s Product Quality & Innovation segment supplies technologies used in product identification, packaging design, color management and quality inspection.
Further Reading
- Five stocks we like better than Veralto
- GM Beat and Added a $20 Billion Buyback—Why Did the Stock Fall?
- Intercepting Growth: Karman Secures $218M Lockheed Martin Deal
- Tech Stocks Took a Hit—These 2 Pharma Stocks Are Near New Highs
- Chip Stocks Have Pulled Back—Here’s How 3 Semiconductor ETFs Stack Up for Investors
Want to see what other hedge funds are holding VLTO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Veralto Corporation (NYSE:VLTO – Free Report).
Receive News & Ratings for Veralto Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Veralto and related companies with MarketBeat.com's FREE daily email newsletter.
