Robeco Institutional Asset Management B.V. trimmed its holdings in shares of Veralto Corporation (NYSE:VLTO – Free Report) by 3.9% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,672,354 shares of the company’s stock after selling 68,156 shares during the period. Robeco Institutional Asset Management B.V.’s holdings in Veralto were worth $157,736,000 at the end of the most recent quarter.
Other large investors have also made changes to their positions in the company. Sumitomo Mitsui DS Asset Management Company Ltd raised its holdings in shares of Veralto by 1.8% during the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 50,481 shares of the company’s stock worth $4,761,000 after purchasing an additional 891 shares during the last quarter. Value Partners Investments Inc. boosted its holdings in Veralto by 24.9% in the third quarter. Value Partners Investments Inc. now owns 20,291 shares of the company’s stock valued at $1,917,000 after purchasing an additional 4,043 shares during the last quarter. Perpetual Ltd boosted its holdings in Veralto by 1.5% in the third quarter. Perpetual Ltd now owns 195,288 shares of the company’s stock valued at $18,420,000 after purchasing an additional 2,956 shares during the last quarter. Central Pacific Bank Trust Division boosted its holdings in Veralto by 35.1% in the third quarter. Central Pacific Bank Trust Division now owns 1,385 shares of the company’s stock valued at $131,000 after purchasing an additional 360 shares during the last quarter. Finally, QRG Capital Management Inc. grew its position in Veralto by 38.6% during the 2nd quarter. QRG Capital Management Inc. now owns 9,586 shares of the company’s stock worth $850,000 after purchasing an additional 2,672 shares during the period. 91.28% of the stock is owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
A number of equities analysts have weighed in on VLTO shares. Robert W. Baird set a $111.00 price objective on Veralto in a research note on Thursday, July 30th. Wall Street Zen upgraded Veralto from a “hold” rating to a “buy” rating in a research note on Saturday, October 3rd. Wolfe Research restated an “outperform” rating and issued a $125.00 target price on shares of Veralto in a research note on Tuesday, September 15th. Citigroup raised their target price on Veralto from $102.00 to $107.00 and gave the stock a “neutral” rating in a report on Thursday, July 30th. Finally, Weiss Ratings upgraded Veralto from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, Veralto currently has an average rating of “Moderate Buy” and a consensus price target of $112.60.
Read Our Latest Report on VLTO
Insiders Place Their Bets
In other news, CEO Jennifer Honeycutt sold 7,097 shares of Veralto 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 sale, the chief executive officer owned 124,085 shares in the company, valued at $12,597,109.20. This trade represents a 5.41% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Surekha Trivedi sold 986 shares of the business’s stock in a transaction dated Monday, August 17th. The stock was sold at an average price of $97.05, for a total transaction of $95,691.30. Following the sale, the senior vice president directly owned 8,565 shares of the company’s stock, valued at $831,233.25. This represents a 10.32% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 0.43% of the company’s stock.
Veralto Stock Down 0.1%
Veralto stock opened at $101.23 on Thursday. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.78 and a quick ratio of 1.61. The stock has a market capitalization of $24.68 billion, a PE ratio of 25.56, a price-to-earnings-growth ratio of 2.87 and a beta of 0.62. The business has a 50 day simple moving average of $97.23 and a 200-day simple moving average of $92.05. Veralto Corporation has a 12 month low of $80.03 and a 12 month high of $105.75.
Veralto (NYSE:VLTO – Get Free Report) last announced its earnings results on Tuesday, July 28th. The company reported $1.11 earnings per share (EPS) 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 firm had revenue of $1.47 billion for the quarter, compared to analyst estimates of $1.45 billion. During the same quarter last year, the firm posted $0.93 EPS. The business’s revenue was up 7.5% on a year-over-year basis. Veralto has set its FY 2026 guidance at 4.350-4.430 EPS and its Q3 2026 guidance at 1.060-1.090 EPS. On average, analysts anticipate 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 will be paid on Friday, October 30th. Shareholders of record on Wednesday, September 30th will be given a dividend of $0.13 per share. The ex-dividend date is Wednesday, September 30th. This represents a $0.52 dividend on an annualized basis and a yield of 0.5%. Veralto’s dividend payout ratio is currently 13.13%.
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.
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