Veralto Corporation $VLTO Shares Sold by Garrison Point Advisors LLC

Garrison Point Advisors LLC decreased its stake in Veralto Corporation (NYSE:VLTO) by 8.2% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 5,874 shares of the company’s stock after selling 523 shares during the period. Garrison Point Advisors LLC’s holdings in Veralto were worth $593,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Royal Bank of Canada lifted its holdings in Veralto by 13.1% in the first quarter. Royal Bank of Canada now owns 1,177,453 shares of the company’s stock worth $114,741,000 after purchasing an additional 136,708 shares during the period. Alliancebernstein L.P. increased its stake in Veralto by 28.0% during the 1st quarter. Alliancebernstein L.P. now owns 6,235,563 shares of the company’s stock valued at $607,656,000 after buying an additional 1,363,502 shares during the period. Defender Capital LLC. raised its position in shares of Veralto by 9.2% during the 2nd quarter. Defender Capital LLC. now owns 172,870 shares of the company’s stock worth $17,451,000 after buying an additional 14,586 shares in the last quarter. Foresight Group Ltd Liability Partnership bought a new stake in shares of Veralto during the 1st quarter worth about $14,162,000. Finally, Robeco Institutional Asset Management B.V. lifted its stake in shares of Veralto by 162.1% in the 2nd quarter. Robeco Institutional Asset Management B.V. now owns 1,064,810 shares of the company’s stock worth $107,493,000 after acquiring an additional 658,529 shares during the period. 91.28% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, CEO Jennifer Honeycutt sold 10,646 shares of the business’s stock in a transaction dated Friday, August 29th. The shares were sold at an average price of $106.26, for a total value of $1,131,243.96. Following the completion of the sale, the chief executive officer owned 106,219 shares of the company’s stock, valued at approximately $11,286,830.94. The trade was a 9.11% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.36% of the stock is currently owned by corporate insiders.

Veralto Stock Up 0.1%

Shares of Veralto stock opened at $98.58 on Friday. Veralto Corporation has a 12 month low of $83.86 and a 12 month high of $110.11. The stock has a market cap of $24.48 billion, a PE ratio of 27.01, a price-to-earnings-growth ratio of 3.07 and a beta of 0.89. The company has a quick ratio of 1.40, a current ratio of 1.57 and a debt-to-equity ratio of 0.69. The business has a fifty day simple moving average of $104.18 and a 200 day simple moving average of $102.39.

Veralto (NYSE:VLTO) last issued its quarterly 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 company had revenue of $1.40 billion during the quarter, compared to analysts’ expectations of $1.40 billion. Veralto had a net margin of 16.75% and a return on equity of 38.69%. The business’s quarterly revenue was up 6.8% on a year-over-year basis. During the same period last year, the business earned $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. Research analysts predict that Veralto Corporation will post 3.66 EPS for the current year.

Veralto Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, October 31st. Investors of record on Tuesday, September 30th were issued a dividend of $0.11 per share. The ex-dividend date of this dividend was Tuesday, September 30th. This represents a $0.44 annualized dividend and a dividend yield of 0.4%. Veralto’s payout ratio is presently 12.05%.

Wall Street Analyst Weigh In

VLTO has been the subject of a number of research reports. Robert W. Baird increased their price target on Veralto from $106.00 to $112.00 and gave the company a “neutral” rating in a research note on Wednesday, July 30th. Raymond James Financial assumed coverage on Veralto in a report on Tuesday, August 26th. They issued a “market perform” rating for the company. Weiss Ratings raised Veralto from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Wednesday, October 8th. Royal Bank Of Canada upped their target price on Veralto from $108.00 to $111.00 and gave the company a “sector perform” rating in a report on Thursday, October 30th. Finally, Barclays increased their price target on shares of Veralto from $119.00 to $121.00 and gave the stock an “overweight” rating in a research report on Thursday, October 30th. Six research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to MarketBeat.com, Veralto presently has an average rating of “Moderate Buy” and a consensus price target of $115.25.

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.