Louisiana State Employees Retirement System acquired a new stake in Veralto Corporation (NYSE:VLTO – Free Report) during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 12,700 shares of the company’s stock, valued at approximately $1,123,000.
Other large investors have also bought and sold shares of the company. OP Asset Management Ltd bought a new position in Veralto in the first quarter valued at approximately $2,305,000. Assenagon Asset Management S.A. raised its position in shares of Veralto by 13.6% during the 1st quarter. Assenagon Asset Management S.A. now owns 14,990 shares of the company’s stock valued at $1,325,000 after acquiring an additional 1,790 shares during the last quarter. SG Americas Securities LLC raised its position in shares of Veralto by 115.2% during the 1st quarter. SG Americas Securities LLC now owns 1,681,786 shares of the company’s stock valued at $148,704,000 after acquiring an additional 900,135 shares during the last quarter. BI Asset Management Fondsmaeglerselskab A S raised its position in shares of Veralto by 24.4% during the 1st quarter. BI Asset Management Fondsmaeglerselskab A S now owns 33,069 shares of the company’s stock valued at $2,924,000 after acquiring an additional 6,490 shares during the last quarter. Finally, Hsbc Holdings PLC lifted its stake in shares of Veralto by 10.5% in the 4th quarter. Hsbc Holdings PLC now owns 934,096 shares of the company’s stock valued at $93,441,000 after purchasing an additional 89,015 shares during the period. 91.28% of the stock is currently owned by institutional investors and hedge funds.
Analysts Set New Price Targets
VLTO has been the topic of several recent research reports. Robert W. Baird set a $103.00 price target on Veralto in a research report on Thursday, April 30th. Weiss Ratings reiterated a “hold (c)” rating on shares of Veralto in a report on Wednesday, June 24th. Barclays cut their target price on Veralto from $117.00 to $113.00 and set an “overweight” rating on the stock in a research note on Thursday, April 30th. Royal Bank Of Canada raised their target price on Veralto from $99.00 to $100.00 and gave the stock a “sector perform” rating in a report on Thursday, April 30th. Finally, UBS Group boosted their target price on Veralto from $99.00 to $101.00 and gave the stock a “neutral” rating in a research report on Friday, May 1st. Five investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $105.88.
Veralto Trading Down 0.1%
VLTO opened at $92.46 on Friday. The firm’s fifty day moving average is $86.14 and its two-hundred day moving average is $91.97. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.32 and a current ratio of 1.48. The firm has a market cap of $22.71 billion, a PE ratio of 23.89, a price-to-earnings-growth ratio of 2.61 and a beta of 0.63. Veralto Corporation has a twelve month low of $80.03 and a twelve month high of $110.11.
Veralto (NYSE:VLTO – Get Free Report) last announced its quarterly earnings results on Tuesday, April 28th. The company reported $1.07 earnings per share for the quarter, topping analysts’ consensus estimates of $1.02 by $0.05. Veralto had a net margin of 17.33% and a return on equity of 34.63%. The company had revenue of $1.42 billion for the quarter, compared to analysts’ expectations of $1.40 billion. During the same period last year, the firm posted $0.95 earnings per share. The business’s quarterly revenue was up 6.8% compared to the same quarter last year. Veralto has set its FY 2026 guidance at 4.200-4.280 EPS and its Q2 2026 guidance at 0.960-1.000 EPS. Equities research analysts anticipate that Veralto Corporation will post 4.24 EPS for the current year.
Veralto Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Friday, July 31st. Shareholders of record on Tuesday, June 30th will be issued a dividend of $0.13 per share. The ex-dividend date is Tuesday, June 30th. This represents a $0.52 annualized dividend and a yield of 0.6%. Veralto’s payout ratio is currently 13.44%.
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. This segment provides water solutions, including chemical reagents, services, and digital solutions.
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