Oliver Lagore Vanvalin Investment Group Invests $807,000 in Veralto Corporation $VLTO

Key Points

• Oliver Lagore Vanvalin Investment Group acquired 8,277 shares of Veralto Corporation ($VLTO), valued at approximately $807,000, during the second quarter.
• Veralto reported a quarterly earnings per share (EPS) of $0.93, surpassing analysts' expectations of $0.89 and showing a year-over-year revenue increase of 6.4%.
• The company announced a quarterly dividend of $0.11 per share, scheduled for payment on October 31st, indicating a 0.4% yield.

Oliver Lagore Vanvalin Investment Group acquired a new stake in shares of Veralto Corporation (NYSE:VLTO - Free Report) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 8,277 shares of the company's stock, valued at approximately $807,000.

Other institutional investors have also recently bought and sold shares of the company. Ferguson Wellman Capital Management Inc. increased its position in shares of Veralto by 4.9% during the 2nd quarter. Ferguson Wellman Capital Management Inc. now owns 453,307 shares of the company's stock worth $45,761,000 after purchasing an additional 21,186 shares during the last quarter. Exchange Traded Concepts LLC grew its holdings in Veralto by 5.9% in the 2nd quarter. Exchange Traded Concepts LLC now owns 33,667 shares of the company's stock valued at $3,399,000 after buying an additional 1,884 shares in the last quarter. Family Legacy Financial Solutions LLC acquired a new stake in shares of Veralto during the 2nd quarter worth $1,143,000. NorthCrest Asset Manangement LLC acquired a new stake in shares of Veralto during the 2nd quarter worth $242,000. Finally, Wealth Enhancement Advisory Services LLC lifted its position in shares of Veralto by 149.7% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 183,666 shares of the company's stock worth $19,055,000 after buying an additional 110,121 shares during the last quarter. Institutional investors own 91.28% of the company's stock.

Veralto Stock Performance

Shares of VLTO traded down $0.92 during mid-day trading on Tuesday, hitting $104.90. The stock had a trading volume of 169,857 shares, compared to its average volume of 1,349,393. The firm has a market cap of $26.03 billion, a P/E ratio of 29.30, a PEG ratio of 3.55 and a beta of 0.91. The business has a fifty day moving average price of $106.05 and a 200-day moving average price of $100.27. The company has a debt-to-equity ratio of 1.00, a current ratio of 2.32 and a quick ratio of 2.06. Veralto Corporation has a 52 week low of $83.86 and a 52 week high of $115.00.

Veralto (NYSE:VLTO - Get Free Report) last posted its quarterly earnings data on Monday, July 28th. The company reported $0.93 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.89 by $0.04. The firm had revenue of $1.37 billion during the quarter, compared to analysts' expectations of $1.34 billion. Veralto had a return on equity of 41.45% and a net margin of 16.65%.The company's revenue for the quarter was up 6.4% compared to the same quarter last year. During the same period in the prior year, the business earned $0.85 EPS. Veralto has set its FY 2025 guidance at 3.720-3.800 EPS. Q3 2025 guidance at 0.910-0.950 EPS. On average, equities research analysts expect that Veralto Corporation will post 3.66 EPS for the current year.

Veralto Announces Dividend

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

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the company. Robert W. Baird increased their target price on Veralto from $106.00 to $112.00 and gave the company a "neutral" rating in a research report on Wednesday, July 30th. Barclays initiated coverage on Veralto in a report on Friday. They issued an "overweight" rating and a $120.00 target price for the company. Stifel Nicolaus set a $120.00 target price on Veralto and gave the stock a "buy" rating in a report on Wednesday, July 30th. Royal Bank Of Canada lifted their target price on Veralto from $104.00 to $108.00 and gave the stock a "sector perform" rating in a report on Wednesday, July 30th. Finally, Raymond James Financial assumed coverage on Veralto in a report on Tuesday, August 26th. They issued a "market perform" rating for the company. Six research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat.com, Veralto has a consensus rating of "Moderate Buy" and an average price target of $114.25.

Insider Buying and Selling

In other news, CEO Jennifer Honeycutt sold 10,646 shares of the firm's stock in a transaction on 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 in the company, valued at $11,286,830.94. This trade represents a 9.11% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Corporate insiders own 0.36% of the company's stock.

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.