Loring Wolcott & Coolidge Fiduciary Advisors LLP MA reduced its position in shares of Veralto Corporation (NYSE:VLTO – Free Report) by 1.2% in the third quarter, HoldingsChannel reports. The institutional investor owned 421,506 shares of the company’s stock after selling 5,007 shares during the quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA’s holdings in Veralto were worth $39,756,000 at the end of the most recent quarter.
Other institutional investors have also added to or reduced their stakes in the company. Signaturefd LLC grew its holdings in Veralto by 17.9% in the 3rd quarter. Signaturefd LLC now owns 3,332 shares of the company’s stock worth $314,000 after acquiring an additional 506 shares during the last quarter. Citizens Financial Group Inc. RI increased its position in shares of Veralto by 60.1% in the third quarter. Citizens Financial Group Inc. RI now owns 8,829 shares of the company’s stock valued at $833,000 after acquiring an additional 3,316 shares during the period. Evergreen Capital Management LLC increased its position in shares of Veralto by 160.7% in the third quarter. Evergreen Capital Management LLC now owns 7,755 shares of the company’s stock valued at $732,000 after acquiring an additional 4,780 shares during the period. RWC Asset Management LLP raised its stake in shares of Veralto by 10.7% during the third quarter. RWC Asset Management LLP now owns 5,725 shares of the company’s stock valued at $540,000 after acquiring an additional 553 shares during the last quarter. Finally, Farmers & Merchants Investments Inc. raised its stake in shares of Veralto by 3.9% during the third quarter. Farmers & Merchants Investments Inc. now owns 4,371 shares of the company’s stock valued at $412,000 after acquiring an additional 166 shares during the last quarter. Hedge funds and other institutional investors own 91.28% of the company’s stock.
Wall Street Analyst Weigh In
A number of research analysts recently issued reports on the company. Robert W. Baird set a $111.00 price target on Veralto in a report on Thursday, July 30th. Wolfe Research reiterated an “outperform” rating and issued a $125.00 price objective on shares of Veralto in a report on Tuesday, September 15th. UBS Group increased their price objective on Veralto from $104.00 to $106.00 and gave the stock a “neutral” rating in a report on Monday, October 5th. BNP Paribas Exane reiterated an “outperform” rating and issued a $120.00 price objective (up from $115.00) on shares of Veralto in a research report on Thursday, July 30th. Finally, Wall Street Zen cut Veralto from a “buy” rating to a “hold” rating in a research note on Saturday. One investment 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 data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $112.60.
Get Our Latest Stock Report on Veralto
Insider Activity
In other news, CEO Jennifer Honeycutt sold 7,098 shares of the company’s stock in a transaction on Friday, October 23rd. The stock was sold at an average price of $105.00, for a total value of $745,290.00. Following the completion of the sale, the chief executive officer directly owned 120,060 shares in the company, valued at $12,606,300. This represents a 5.58% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Surekha Trivedi sold 986 shares of the firm’s stock in a transaction dated Monday, August 17th. The stock was sold at an average price of $97.05, for a total value of $95,691.30. Following the completion of the transaction, the senior vice president directly owned 8,565 shares in the company, valued at $831,233.25. This trade 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. Insiders have sold a total of 15,181 shares of company stock worth $1,561,469 in the last 90 days. Company insiders own 0.43% of the company’s stock.
Veralto Stock Up 0.2%
Shares of NYSE VLTO opened at $104.52 on Monday. The company has a current ratio of 1.78, a quick ratio of 1.61 and a debt-to-equity ratio of 0.86. Veralto Corporation has a 12 month low of $80.03 and a 12 month high of $105.75. The firm has a market capitalization of $25.48 billion, a PE ratio of 26.39, a price-to-earnings-growth ratio of 2.96 and a beta of 0.62. The firm has a fifty day simple moving average of $97.52 and a two-hundred day simple moving average of $92.28.
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, topping the consensus estimate of $1.01 by $0.10. The firm had revenue of $1.47 billion during the quarter, compared to analyst estimates of $1.45 billion. Veralto had a return on equity of 34.76% and a net margin of 17.35%. The business’s revenue was up 7.5% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.93 EPS. 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 analysts expect that Veralto Corporation will post 4.41 earnings per share for the current year.
Veralto Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Friday, October 30th. Shareholders of record on Wednesday, September 30th will be paid a dividend of $0.13 per share. The ex-dividend date is Wednesday, September 30th. This represents a $0.52 annualized dividend 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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