Terra Alpha Investments LLC Decreases Stake in Veralto Corporation $VLTO

Terra Alpha Investments LLC lessened its holdings in shares of Veralto Corporation (NYSE:VLTO) by 1.5% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 18,916 shares of the company’s stock after selling 282 shares during the quarter. Veralto accounts for 2.0% of Terra Alpha Investments LLC’s portfolio, making the stock its 20th largest position. Terra Alpha Investments LLC’s holdings in Veralto were worth $1,910,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of VLTO. Brighton Jones LLC grew its stake in Veralto by 16.1% during the 4th quarter. Brighton Jones LLC now owns 3,459 shares of the company’s stock valued at $352,000 after purchasing an additional 479 shares in the last quarter. Wealth Enhancement Advisory Services LLC grew its stake in Veralto by 1.8% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 73,545 shares of the company’s stock valued at $7,167,000 after purchasing an additional 1,284 shares in the last quarter. Kentucky Retirement Systems Insurance Trust Fund acquired a new stake in Veralto during the 1st quarter valued at approximately $700,000. Cambridge Investment Research Advisors Inc. grew its stake in Veralto by 1.3% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 8,784 shares of the company’s stock valued at $856,000 after purchasing an additional 113 shares in the last quarter. Finally, Oppenheimer Asset Management Inc. grew its stake in Veralto by 13.4% during the 1st quarter. Oppenheimer Asset Management Inc. now owns 4,484 shares of the company’s stock valued at $437,000 after purchasing an additional 529 shares in the last quarter. Institutional investors and hedge funds own 91.28% of the company’s stock.

Insider Buying and Selling

In related news, CEO Jennifer Honeycutt sold 10,646 shares of the firm’s stock in a transaction that occurred on Friday, August 29th. The stock was sold at an average price of $106.26, for a total value of $1,131,243.96. Following the sale, the chief executive officer directly owned 106,219 shares in the company, valued at $11,286,830.94. This trade represents a 9.11% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.36% of the stock is currently owned by corporate insiders.

Veralto Trading Down 0.1%

Shares of NYSE VLTO opened at $103.86 on Wednesday. The company has a market cap of $25.77 billion, a price-to-earnings ratio of 29.01, a price-to-earnings-growth ratio of 3.43 and a beta of 0.90. Veralto Corporation has a 12-month low of $83.86 and a 12-month high of $115.00. The company has a current ratio of 2.32, a quick ratio of 2.06 and a debt-to-equity ratio of 1.00. The stock’s 50 day simple moving average is $105.90 and its 200 day simple moving average is $101.29.

Veralto (NYSE:VLTO) last announced its quarterly earnings results on Monday, July 28th. The company reported $0.93 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.89 by $0.04. The business had revenue of $1.37 billion for the quarter, compared to the consensus estimate of $1.34 billion. Veralto had a return on equity of 41.45% and a net margin of 16.65%.The business’s revenue was up 6.4% on a year-over-year basis. During the same quarter last year, the business posted $0.85 EPS. Veralto has set its FY 2025 guidance at 3.720-3.800 EPS. Q3 2025 guidance at 0.910-0.950 EPS. Equities research analysts expect that Veralto Corporation will post 3.66 EPS for the current year.

Veralto Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 31st. Investors of record on Tuesday, September 30th will be given a $0.11 dividend. This represents a $0.44 annualized dividend and a yield of 0.4%. The ex-dividend date is Tuesday, September 30th. Veralto’s dividend payout ratio (DPR) is currently 12.29%.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on VLTO. Wolfe Research upgraded Veralto from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, July 30th. Barclays lowered their price objective on Veralto from $120.00 to $119.00 and set an “overweight” rating for the company in a research note on Monday, October 6th. Raymond James Financial started coverage on Veralto in a report on Tuesday, August 26th. They set a “market perform” rating on the stock. Robert W. Baird increased their target price on Veralto from $106.00 to $112.00 and gave the stock a “neutral” rating in a report on Wednesday, July 30th. Finally, Stifel Nicolaus set a $120.00 target price on Veralto and gave the stock a “buy” rating in a report on Wednesday, July 30th. Six analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $113.43.

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.