Veralto Corporation $VLTO Shares Purchased by Brighton Jones LLC

Brighton Jones LLC increased its stake in shares of Veralto Corporation (NYSE:VLTO) by 89.3% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,950 shares of the company’s stock after purchasing an additional 3,279 shares during the period. Brighton Jones LLC’s holdings in Veralto were worth $702,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Harbor Asset Planning Inc. acquired a new position in shares of Veralto during the 2nd quarter worth approximately $26,000. Truvestments Capital LLC raised its holdings in Veralto by 148.5% in the 1st quarter. Truvestments Capital LLC now owns 328 shares of the company’s stock valued at $32,000 after acquiring an additional 196 shares during the last quarter. Ameritas Advisory Services LLC acquired a new position in Veralto in the 2nd quarter valued at $51,000. Cloud Capital Management LLC acquired a new position in Veralto in the 1st quarter valued at $64,000. Finally, Marshall & Sullivan Inc. WA acquired a new position in Veralto in the 2nd quarter valued at $74,000. 91.28% of the stock is currently owned by institutional investors and hedge funds.

Veralto Trading Down 1.4%

Shares of VLTO opened at $102.67 on Wednesday. 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 firm has a market capitalization of $25.48 billion, a P/E ratio of 28.68, a price-to-earnings-growth ratio of 3.43 and a beta of 0.90. The stock’s fifty day simple moving average is $105.52 and its 200 day simple moving average is $101.93. Veralto Corporation has a twelve month low of $83.86 and a twelve month high of $110.11.

Veralto (NYSE:VLTO) last issued its earnings results on Tuesday, October 28th. The company reported $0.99 earnings per share for the quarter, topping the consensus estimate of $0.95 by $0.04. The business had revenue of $1.40 billion for the quarter, compared to analyst estimates of $1.40 billion. Veralto had a return on equity of 41.45% and a net margin of 16.65%.The business’s quarterly revenue was up 6.8% on a year-over-year basis. During the same period last year, the company posted $0.89 EPS. Veralto has set its FY 2025 guidance at 3.820-3.850 EPS. Q4 2025 guidance at 0.950-0.980 EPS. On average, equities research analysts forecast that Veralto Corporation will post 3.66 earnings per share for the current year.

Veralto Announces Dividend

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

Insider Buying and Selling

In other Veralto news, CEO Jennifer Honeycutt sold 10,646 shares of the firm’s stock in a transaction dated 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 transaction, the chief executive officer directly owned 106,219 shares of the company’s stock, valued at $11,286,830.94. This trade represents a 9.11% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.36% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several research analysts have weighed in on VLTO shares. Barclays cut their price target on Veralto from $120.00 to $119.00 and set an “overweight” rating for the company in a report on Monday, October 6th. Raymond James Financial started coverage on Veralto in a report on Tuesday, August 26th. They issued a “market perform” rating for the company. Weiss Ratings upgraded Veralto from a “hold (c+)” rating to a “buy (b-)” rating in a report on Wednesday, October 8th. Stifel Nicolaus set a $120.00 price target on Veralto and gave the company a “buy” rating in a report on Wednesday, July 30th. Finally, Royal Bank Of Canada boosted their price target on Veralto from $104.00 to $108.00 and gave the company a “sector perform” rating in a report on Wednesday, July 30th. Six analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat, Veralto has an average rating of “Moderate Buy” and a consensus price target of $113.43.

Veralto 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.