Veralto Corporation $VLTO Shares Sold by Royal Bank of Canada

Royal Bank of Canada reduced its position in Veralto Corporation (NYSE:VLTOFree Report) by 18.1% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 801,123 shares of the company’s stock after selling 176,652 shares during the period. Royal Bank of Canada’s holdings in Veralto were worth $70,837,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the company. State Street Corp boosted its position in Veralto by 2.6% during the fourth quarter. State Street Corp now owns 10,720,184 shares of the company’s stock worth $1,071,035,000 after purchasing an additional 270,356 shares in the last quarter. Geode Capital Management LLC grew its holdings in Veralto by 1.8% in the fourth 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 position in shares of Veralto by 31.5% in the first quarter. First Trust Advisors LP now owns 6,150,388 shares of the company’s stock valued at $543,817,000 after buying an additional 1,472,304 shares in the last quarter. Invesco Ltd. increased its position 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 buying an additional 272,036 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its position in shares of Veralto by 2.2% in the fourth quarter. Bank of New York Mellon Corp now owns 3,453,007 shares of the company’s stock valued at $344,541,000 after buying an additional 75,253 shares in the last quarter. 91.28% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Veralto

In related news, CEO Jennifer Honeycutt sold 7,097 shares of the firm’s stock in a transaction that occurred on Wednesday, July 29th. The shares were sold at an average price of $101.52, for a total transaction of $720,487.44. Following the sale, the chief executive officer owned 124,085 shares in the company, valued at approximately $12,597,109.20. This trade represents a 5.41% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 0.43% of the company’s stock.

Veralto Stock Down 0.4%

Shares of NYSE:VLTO opened at $94.34 on Friday. The company has a quick ratio of 1.32, a current ratio of 1.78 and a debt-to-equity ratio of 0.86. Veralto Corporation has a 52-week low of $80.03 and a 52-week high of $110.11. The stock’s fifty day simple moving average is $88.62 and its 200-day simple moving average is $90.90. The company has a market capitalization of $23.00 billion, a P/E ratio of 23.82, a P/E/G ratio of 2.55 and a beta of 0.63.

Veralto (NYSE:VLTOGet Free Report) last posted its quarterly earnings data on Tuesday, July 28th. The company reported $1.11 EPS for the quarter, beating analysts’ consensus estimates of $1.01 by $0.10. The business had revenue of $1.47 billion for the quarter, compared to analyst estimates of $1.45 billion. Veralto had a return on equity of 34.76% and a net margin of 17.35%.The business’s revenue for the quarter was up 7.5% compared to the same quarter last year. During the same quarter last year, the company earned $0.93 earnings per share. Veralto has set its FY 2026 guidance at 4.350-4.430 EPS and its Q3 2026 guidance at 1.060-1.090 EPS. As a group, equities research analysts forecast that Veralto Corporation will post 4.41 earnings per share for the current fiscal year.

Veralto Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, July 31st. Stockholders of record on Tuesday, June 30th were issued a dividend of $0.13 per share. The ex-dividend date was Tuesday, June 30th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 0.6%. Veralto’s payout ratio is 13.13%.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the stock. Robert W. Baird set a $111.00 price objective on shares of Veralto in a research report on Thursday. BNP Paribas Exane restated an “outperform” rating and set a $120.00 target price (up from $115.00) on shares of Veralto in a report on Thursday. UBS Group lifted their target price on shares of Veralto from $98.00 to $104.00 and gave the stock a “neutral” rating in a research report on Thursday. Citigroup upped their price target on shares of Veralto from $102.00 to $107.00 and gave the company a “neutral” rating in a report on Thursday. Finally, Royal Bank Of Canada increased their price target on shares of Veralto from $100.00 to $109.00 and gave the company a “sector perform” rating in a research report on Thursday. Six research analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $110.90.

Read Our Latest Report on VLTO

About Veralto

(Free Report)

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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Institutional Ownership by Quarter for Veralto (NYSE:VLTO)

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