Advisors Capital Management LLC Reduces Holdings in Veralto Corporation $VLTO

Key Points

• Advisors Capital Management LLC reduced its holdings by 92.1% in Q4, selling 51,131 shares and leaving 4,378 shares of Veralto worth about $437,000.
• Company fundamentals improved: Veralto beat Q1 estimates (EPS $1.07 vs. $1.02; revenue $1.422B, +6.8% y/y), raised FY adjusted EPS guidance to $4.20–$4.28, and announced higher free‑cash‑flow targets, cost‑savings plans and ~$300M of buybacks.
• Near‑term risks persist: Q2 guidance of $0.96–1.00 misses Street estimates, insiders and some institutions have been selling, and the stock trades below its 50‑ and 200‑day moving averages despite a consensus "Moderate Buy" target of ~$107.56.

Advisors Capital Management LLC reduced its holdings in shares of Veralto Corporation (NYSE:VLTO - Free Report) by 92.1% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,378 shares of the company's stock after selling 51,131 shares during the quarter. Advisors Capital Management LLC's holdings in Veralto were worth $437,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in the business. Concurrent Investment Advisors LLC purchased a new position in Veralto during the 4th quarter valued at about $301,000. Teacher Retirement System of Texas lifted its stake in shares of Veralto by 14.6% during the fourth quarter. Teacher Retirement System of Texas now owns 593,907 shares of the company's stock valued at $59,260,000 after buying an additional 75,664 shares during the period. KLP Kapitalforvaltning AS lifted its stake in shares of Veralto by 0.4% during the fourth quarter. KLP Kapitalforvaltning AS now owns 146,049 shares of the company's stock valued at $14,589,000 after buying an additional 600 shares during the period. Alphinity Investment Management Pty Ltd boosted its position in Veralto by 180.6% during the fourth quarter. Alphinity Investment Management Pty Ltd now owns 133,775 shares of the company's stock worth $13,348,000 after acquiring an additional 86,104 shares during the last quarter. Finally, M&T Bank Corp grew its stake in Veralto by 53.2% in the 4th quarter. M&T Bank Corp now owns 89,505 shares of the company's stock worth $8,931,000 after acquiring an additional 31,079 shares during the period. 91.28% of the stock is currently owned by hedge funds and other institutional investors.

Veralto News Summary

Here are the key news stories impacting Veralto this week:

• Positive Sentiment: Q1 beat — Veralto reported $1.07 GAAP/adjusted EPS vs. a $1.02 consensus and revenue of about $1.422B (roughly +6.8% y/y), showing solid top‑line growth and margin performance. PR Newswire: Veralto Reports First Quarter 2026 Results
• Positive Sentiment: Raised FY EPS view — management tightened and nudged up full‑year adjusted EPS guidance to $4.20–$4.28 (from prior $4.10–$4.20), which supports longer‑term earnings expectations. QuiverQuant: Veralto jumps after Q1 results and higher full-year EPS outlook
• Positive Sentiment: Cash flow & capital allocation — management raised its free‑cash‑flow conversion target to ~100% of GAAP net earnings, launched a cost‑optimization program (targeting $65–$75M annual savings by 2028), and disclosed ~$300M of share repurchases year‑to‑date. These actions support margins and shareholder returns. QuiverQuant: Veralto jumps after Q1 results and higher full-year EPS outlook
• Neutral Sentiment: Analyst positioning — several firms have updated models and price targets post‑print (median recent target ~$107.50), indicating continued analyst interest but dispersion in views. Yahoo Finance: Narrative Resetting
• Negative Sentiment: Q2 guidance miss — Veralto gave Q2 EPS guidance of $0.960–1.000, below the Street estimate (~$1.02), which likely prompted short‑term selling and damped intraday sentiment. MarketBeat: VLTO stock summary & guidance
• Negative Sentiment: Insider and institutional selling — recent filings show insiders sold shares and several large asset managers materially trimmed positions in recent quarters, a factor that can pressure the share price. QuiverQuant: Insider & institutional activity
• Negative Sentiment: Technicals bearish — the stock is trading below its 50‑ and 200‑day moving averages and near its 12‑month low, which can amplify downside as momentum traders react. MarketBeat: VLTO technicals

Wall Street Analysts Forecast Growth

Several research firms have commented on VLTO. BMO Capital Markets reaffirmed an "outperform" rating on shares of Veralto in a research note on Wednesday, February 11th. UBS Group lowered their target price on shares of Veralto from $102.00 to $99.00 and set a "neutral" rating for the company in a research note on Thursday, April 9th. Jefferies Financial Group started coverage on shares of Veralto in a research note on Tuesday, March 31st. They issued a "buy" rating and a $110.00 target price for the company. Royal Bank Of Canada dropped their target price on Veralto from $111.00 to $102.00 and set a "sector perform" rating for the company in a research note on Thursday, February 5th. Finally, Citigroup dropped their target price on Veralto from $111.00 to $104.00 and set a "neutral" rating for the company in a research note on Thursday, February 5th. Six analysts have rated the stock with a Buy rating and six have given a Hold rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $107.56.

Veralto Price Performance

Veralto stock opened at $85.58 on Wednesday. Veralto Corporation has a 1 year low of $84.99 and a 1 year high of $110.11. The firm has a 50 day moving average price of $90.76 and a 200 day moving average price of $96.60. The company has a market cap of $21.02 billion, a price-to-earnings ratio of 22.82, a PEG ratio of 2.47 and a beta of 0.98. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.52 and a current ratio of 1.67.

Veralto (NYSE:VLTO - Get Free Report) last released its 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. Veralto had a net margin of 17.08% and a return on equity of 35.77%. The firm had revenue of $1.42 billion during the quarter, compared to the consensus estimate of $1.40 billion. During the same period in the previous year, the firm earned $0.95 earnings per share. Veralto's 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. Sell-side analysts predict that Veralto Corporation will post 4.21 earnings per share for the current year.

Veralto Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 30th. Stockholders of record on Tuesday, March 31st will be paid a dividend of $0.13 per share. The ex-dividend date of this dividend is Tuesday, March 31st. This represents a $0.52 annualized dividend and a dividend yield of 0.6%. Veralto's payout ratio is currently 13.87%.

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.

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