Swedbank AB lowered its stake in shares of Veralto Corporation (NYSE:VLTO – Free Report) by 11.2% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 974,950 shares of the company’s stock after selling 123,168 shares during the quarter. Swedbank AB owned about 0.40% of Veralto worth $86,205,000 at the end of the most recent quarter.
Other institutional investors have also recently added to or reduced their stakes in the company. State Street Corp raised its stake in Veralto by 2.6% during the 4th quarter. State Street Corp now owns 10,720,184 shares of the company’s stock valued at $1,071,035,000 after acquiring an additional 270,356 shares during the last quarter. Geode Capital Management LLC grew its stake in shares of Veralto by 1.8% in the 4th quarter. Geode Capital Management LLC now owns 7,249,875 shares of the company’s stock valued at $720,876,000 after purchasing an additional 126,814 shares during the last quarter. First Trust Advisors LP increased its holdings in shares of Veralto by 33.3% in the fourth quarter. First Trust Advisors LP now owns 4,678,084 shares of the company’s stock valued at $466,779,000 after purchasing an additional 1,169,572 shares during the period. Invesco Ltd. increased its holdings in shares of Veralto by 6.3% in the fourth quarter. Invesco Ltd. now owns 4,595,043 shares of the company’s stock valued at $458,493,000 after purchasing an additional 272,036 shares during the period. Finally, Bank of New York Mellon Corp raised its stake in shares of Veralto by 2.2% during the fourth quarter. Bank of New York Mellon Corp now owns 3,453,007 shares of the company’s stock worth $344,541,000 after purchasing an additional 75,253 shares during the last quarter. Institutional investors and hedge funds own 91.28% of the company’s stock.
Analyst Ratings Changes
VLTO has been the topic of a number of analyst reports. Jefferies Financial Group started coverage on shares of Veralto in a research report on Tuesday, March 31st. They issued a “buy” rating and a $110.00 price objective on the stock. UBS Group raised their target price on shares of Veralto from $99.00 to $101.00 and gave the stock a “neutral” rating in a research note on Friday, May 1st. Barclays dropped their price target on shares of Veralto from $117.00 to $113.00 and set an “overweight” rating on the stock in a research note on Thursday, April 30th. Weiss Ratings restated a “hold (c)” rating on shares of Veralto in a research report on Wednesday, June 24th. Finally, Citigroup lowered their price objective on Veralto from $104.00 to $102.00 and set a “neutral” rating on the stock in a report on Thursday, April 30th. Five equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $105.88.
Veralto Trading Up 0.7%
Shares of VLTO opened at $93.10 on Wednesday. Veralto Corporation has a twelve month low of $80.03 and a twelve month high of $110.11. The company has a current ratio of 1.48, a quick ratio of 1.32 and a debt-to-equity ratio of 0.65. The firm has a market capitalization of $22.87 billion, a P/E ratio of 24.06, a PEG ratio of 2.60 and a beta of 0.63. The firm’s 50-day moving average is $86.30 and its two-hundred day moving average is $91.81.
Veralto (NYSE:VLTO – Get Free Report) last posted its quarterly earnings results on Tuesday, April 28th. The company reported $1.07 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.02 by $0.05. The company had revenue of $1.42 billion during the quarter, compared to the consensus estimate of $1.40 billion. Veralto had a net margin of 17.33% and a return on equity of 34.63%. The company’s revenue for the quarter was up 6.8% on a year-over-year basis. During the same period last year, the firm earned $0.95 EPS. Veralto has set its FY 2026 guidance at 4.200-4.280 EPS and its Q2 2026 guidance at 0.960-1.000 EPS. On average, research analysts predict that Veralto Corporation will post 4.24 earnings per share for the current fiscal year.
Veralto Announces Dividend
The company 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 $0.13 dividend. The ex-dividend date of this dividend is Tuesday, June 30th. This represents a $0.52 annualized dividend and a yield of 0.6%. Veralto’s dividend payout ratio is 13.44%.
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. This segment provides water solutions, including chemical reagents, services, and digital solutions.
Read More
- Five stocks we like better than Veralto
- Apple and Broadcom Forge a Decade-Long Silicon Fortress
- SK Hynix’s Nasdaq Listing Could Reset the AI Memory Trade
- The AI Chip Sell-Off Looks Scary, But the Real Story May Be Liquidity
- Palantir’s CEO Just Called Out OpenAI and Anthropic
Receive News & Ratings for Veralto Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Veralto and related companies with MarketBeat.com's FREE daily email newsletter.
