Allianz Asset Management GmbH Has $79.52 Million Stock Holdings in Veralto Corporation $VLTO

Key Points

• Allianz Asset Management GmbH increased its holdings in Veralto Corporation by 19.6%, now owning approximately $79.52 million in shares after acquiring an additional 128,834 shares in the second quarter.
• Veralto's CEO, Jennifer Honeycutt, sold 10,646 shares at a total value of $1.13 million, resulting in a 9.11% decrease in her ownership of the stock.
• Analysts have mixed ratings on Veralto, with a consensus rating of "Moderate Buy" and a target price of $113.43, reflecting varied expectations for the company’s performance.

Allianz Asset Management GmbH raised its holdings in shares of Veralto Corporation (NYSE:VLTO - Free Report) by 19.6% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 787,747 shares of the company's stock after purchasing an additional 128,834 shares during the quarter. Allianz Asset Management GmbH owned approximately 0.32% of Veralto worth $79,523,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Truvestments Capital LLC increased its position in Veralto by 148.5% during the 1st quarter. Truvestments Capital LLC now owns 328 shares of the company's stock worth $32,000 after buying an additional 196 shares during the period. Ameritas Advisory Services LLC bought a new position in Veralto during the 2nd quarter worth $51,000. Grove Bank & Trust increased its position in Veralto by 198.2% during the 1st quarter. Grove Bank & Trust now owns 510 shares of the company's stock worth $50,000 after buying an additional 339 shares during the period. Cloud Capital Management LLC bought a new position in Veralto during the 1st quarter worth $64,000. Finally, Marshall & Sullivan Inc. WA bought a new position in Veralto during the 2nd quarter worth $74,000. Institutional investors and hedge funds own 91.28% of the company's stock.

Insider Transactions at Veralto

In other Veralto news, CEO Jennifer Honeycutt sold 10,646 shares of Veralto stock in a transaction dated 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 owned 106,219 shares in the company, valued at $11,286,830.94. The trade was a 9.11% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 0.36% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several research analysts have weighed in on the company. Raymond James Financial assumed coverage on Veralto in a research report on Tuesday, August 26th. They set a "market perform" rating on the stock. Wolfe Research upgraded Veralto from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, July 30th. Barclays lowered their price objective on Veralto from $120.00 to $119.00 and set an "overweight" rating on the stock in a research report on Monday, October 6th. Weiss Ratings upgraded Veralto from a "hold (c+)" rating to a "buy (b-)" rating in a research report on Wednesday, October 8th. Finally, Stifel Nicolaus set a $120.00 price target on Veralto and gave the stock a "buy" rating in a research report on Wednesday, July 30th. Six research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $113.43.

Veralto Stock Performance

Veralto stock opened at $101.78 on Friday. Veralto Corporation has a 12-month low of $83.86 and a 12-month high of $115.00. The company has a quick ratio of 2.06, a current ratio of 2.32 and a debt-to-equity ratio of 1.00. The business's 50-day moving average price is $106.16 and its two-hundred day moving average price is $101.06. The stock has a market cap of $25.26 billion, a PE ratio of 28.43, a P/E/G ratio of 3.36 and a beta of 0.90.

Veralto (NYSE:VLTO - Get Free Report) last released its earnings results on Monday, July 28th. The company reported $0.93 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.89 by $0.04. Veralto had a return on equity of 41.45% and a net margin of 16.65%.The firm had revenue of $1.37 billion for the quarter, compared to analysts' expectations of $1.34 billion. During the same quarter in the previous year, the business posted $0.85 earnings per share. The business's revenue for the quarter was up 6.4% on a year-over-year basis. 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, analysts expect that Veralto Corporation will post 3.66 earnings per share for the current fiscal 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 given a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a yield of 0.4%. The ex-dividend date is Tuesday, September 30th. Veralto's payout ratio is currently 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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