Evermay Wealth Management LLC Sells 283 Shares of Veralto Corporation $VLTO

Evermay Wealth Management LLC lowered its stake in shares of Veralto Corporation (NYSE:VLTO) by 13.4% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,822 shares of the company’s stock after selling 283 shares during the quarter. Evermay Wealth Management LLC’s holdings in Veralto were worth $184,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of the stock. Baldwin Investment Management LLC grew its holdings in Veralto by 3.4% during the first quarter. Baldwin Investment Management LLC now owns 3,219 shares of the company’s stock worth $314,000 after buying an additional 106 shares in the last quarter. Cambridge Investment Research Advisors Inc. grew its holdings in Veralto by 1.3% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 8,784 shares of the company’s stock worth $856,000 after buying an additional 113 shares in the last quarter. Phoenix Financial Ltd. grew its holdings in Veralto by 2.9% during the first quarter. Phoenix Financial Ltd. now owns 4,644 shares of the company’s stock worth $454,000 after buying an additional 132 shares in the last quarter. Meiji Yasuda Asset Management Co Ltd. grew its holdings in Veralto by 3.6% during the first quarter. Meiji Yasuda Asset Management Co Ltd. now owns 3,883 shares of the company’s stock worth $378,000 after buying an additional 134 shares in the last quarter. Finally, Huntleigh Advisors Inc. grew its holdings in Veralto by 0.5% during the second quarter. Huntleigh Advisors Inc. now owns 28,286 shares of the company’s stock worth $2,856,000 after buying an additional 134 shares in the last quarter. Institutional investors own 91.28% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have issued reports on VLTO. Royal Bank Of Canada upped their price objective on Veralto from $104.00 to $108.00 and gave the company a “sector perform” rating in a research note on Wednesday, July 30th. Robert W. Baird upped their price objective on Veralto from $106.00 to $112.00 and gave the company a “neutral” rating in a research note on Wednesday, July 30th. Weiss Ratings upgraded Veralto from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Wednesday, October 8th. Wolfe Research upgraded Veralto from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, July 30th. Finally, Stifel Nicolaus set a $120.00 price objective on Veralto and gave the company a “buy” rating in a research note on Wednesday, July 30th. Six research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $113.43.

Veralto Stock Up 1.2%

Shares of NYSE VLTO opened at $104.00 on Tuesday. Veralto Corporation has a one year low of $83.86 and a one year high of $115.00. The company has a debt-to-equity ratio of 1.00, a current ratio of 2.32 and a quick ratio of 2.06. The business’s fifty day moving average price is $106.00 and its 200-day moving average price is $101.27. The stock has a market capitalization of $25.81 billion, a PE ratio of 29.05, a P/E/G ratio of 3.39 and a beta of 0.90.

Veralto (NYSE:VLTO) last issued its quarterly earnings results on Monday, July 28th. The company reported $0.93 EPS for the quarter, beating analysts’ consensus estimates of $0.89 by $0.04. Veralto had a return on equity of 41.45% and a net margin of 16.65%.The firm had revenue of $1.37 billion for the quarter, compared to analysts’ expectations of $1.34 billion. During the same quarter in the prior year, the firm earned $0.85 EPS. The business’s revenue for the quarter was up 6.4% compared to the same quarter last year. Veralto has set its FY 2025 guidance at 3.720-3.800 EPS. Q3 2025 guidance at 0.910-0.950 EPS. On average, equities research analysts anticipate that Veralto Corporation will post 3.66 EPS for the current year.

Veralto Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 31st. Investors of record on Tuesday, September 30th will be issued a dividend of $0.11 per share. The ex-dividend date of this dividend is Tuesday, September 30th. This represents a $0.44 dividend on an annualized basis and a yield of 0.4%. Veralto’s dividend payout ratio is 12.29%.

Insider Transactions at Veralto

In related news, CEO Jennifer Honeycutt sold 10,646 shares of the stock in a transaction dated Friday, August 29th. The stock was sold at an average price of $106.26, for a total transaction of $1,131,243.96. Following the sale, the chief executive officer owned 106,219 shares of the company’s stock, valued at approximately $11,286,830.94. This represents a 9.11% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 0.36% of the company’s stock.

Veralto Company Profile

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.