Aberdeen Group plc Increases Stock Position in Veralto Corporation $VLTO

Key Points

• Aberdeen Group plc increased its stock position in Veralto Corporation by 13.0% in Q2, holding 277,048 shares valued at approximately $27.97 million.
• CEO Jennifer Honeycutt sold 10,646 shares at an average price of $106.26, resulting in a total sale value of over $1.13 million and a 9.11% decrease in her holdings.
• Recent analyst reports have given Veralto a consensus rating of "Moderate Buy" with an average price target of $113.43, indicating positive sentiment in the market.

Aberdeen Group plc lifted its holdings in Veralto Corporation (NYSE:VLTO - Free Report) by 13.0% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 277,048 shares of the company's stock after purchasing an additional 31,892 shares during the period. Aberdeen Group plc owned about 0.11% of Veralto worth $27,968,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of the business. Baldwin Investment Management LLC lifted its position in shares of Veralto by 3.4% in the 1st quarter. Baldwin Investment Management LLC now owns 3,219 shares of the company's stock worth $314,000 after purchasing an additional 106 shares during the period. Cambridge Investment Research Advisors Inc. raised its stake in shares of Veralto by 1.3% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 8,784 shares of the company's stock worth $856,000 after acquiring an additional 113 shares in the last quarter. Phoenix Financial Ltd. raised its stake in shares of Veralto by 2.9% during the 1st quarter. Phoenix Financial Ltd. now owns 4,644 shares of the company's stock worth $454,000 after acquiring an additional 132 shares in the last quarter. Meiji Yasuda Asset Management Co Ltd. raised its stake in shares of Veralto by 3.6% during the 1st quarter. Meiji Yasuda Asset Management Co Ltd. now owns 3,883 shares of the company's stock worth $378,000 after acquiring an additional 134 shares in the last quarter. Finally, Argent Trust Co raised its stake in shares of Veralto by 1.8% during the 1st quarter. Argent Trust Co now owns 8,096 shares of the company's stock worth $789,000 after acquiring an additional 140 shares in the last quarter. Hedge funds and other institutional investors own 91.28% of the company's stock.

Insider Activity at Veralto

In other news, CEO Jennifer Honeycutt sold 10,646 shares of the company's stock in a transaction on 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 sale, the chief executive officer directly owned 106,219 shares of the company's stock, valued at $11,286,830.94. This represents a 9.11% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.36% of the stock is owned by company insiders.

Analyst Ratings Changes

VLTO has been the subject of several recent analyst reports. Royal Bank Of Canada boosted their price objective on shares of Veralto from $104.00 to $108.00 and gave the stock a "sector perform" rating in a research note on Wednesday, July 30th. Wolfe Research upgraded shares of Veralto from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, July 30th. Stifel Nicolaus set a $120.00 price target on shares of Veralto and gave the company a "buy" rating in a research note on Wednesday, July 30th. Barclays cut their price target on shares of Veralto from $120.00 to $119.00 and set an "overweight" rating on the stock in a research note on Monday, October 6th. Finally, Robert W. Baird upped their price target on shares of Veralto from $106.00 to $112.00 and gave the company a "neutral" rating in a research note on Wednesday, July 30th. Six research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $113.43.

Veralto Stock Down 0.3%

VLTO stock opened at $101.59 on Tuesday. The firm's fifty day simple moving average is $106.48 and its 200-day simple moving average is $101.02. The company has a market capitalization of $25.21 billion, a P/E ratio of 28.38, a price-to-earnings-growth ratio of 3.36 and a beta of 0.90. 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 12 month low of $83.86 and a 12 month high of $115.00.

Veralto (NYSE:VLTO - Get Free Report) last released its quarterly earnings data on Monday, July 28th. The company reported $0.93 EPS for the quarter, beating the consensus estimate of $0.89 by $0.04. The business had revenue of $1.37 billion for the quarter, compared to the consensus estimate of $1.34 billion. Veralto had a net margin of 16.65% and a return on equity of 41.45%. The business's revenue for the quarter was up 6.4% on a year-over-year basis. During the same period in the prior year, the firm 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. As a group, equities research analysts forecast that Veralto Corporation will post 3.66 earnings per share for the current year.

Veralto Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 31st. Stockholders of record on Tuesday, September 30th will be issued a $0.11 dividend. This represents a $0.44 annualized dividend and a dividend yield of 0.4%. The ex-dividend date of this dividend is Tuesday, September 30th. Veralto's dividend payout ratio is 12.29%.

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.

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