Atria Wealth Solutions Inc. Sells 4,123 Shares of Veralto Corporation $VLTO

Key Points

• Atria Wealth Solutions Inc. reduced its holdings in Veralto Corporation by 59.5%, selling 4,123 shares to end up with 2,806 shares valued at approximately $283,000.
• CEO Jennifer Honeycutt sold 10,646 shares at an average price of $106.26, decreasing her ownership by 9.11% while still holding shares worth over $11 million.
• Veralto recently announced a quarterly dividend of $0.11, with a record date of September 30th, representing an annual yield of 0.4%.

Atria Wealth Solutions Inc. cut its position in shares of Veralto Corporation (NYSE:VLTO - Free Report) by 59.5% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,806 shares of the company's stock after selling 4,123 shares during the quarter. Atria Wealth Solutions Inc.'s holdings in Veralto were worth $283,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also added to or reduced their stakes in the stock. Baldwin Investment Management LLC raised its stake in Veralto by 3.4% during the first quarter. Baldwin Investment Management LLC now owns 3,219 shares of the company's stock valued at $314,000 after buying an additional 106 shares during the last quarter. Cambridge Investment Research Advisors Inc. raised its stake in Veralto by 1.3% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 8,784 shares of the company's stock valued at $856,000 after buying an additional 113 shares during the last quarter. Phoenix Financial Ltd. raised its stake in Veralto by 2.9% during the first quarter. Phoenix Financial Ltd. now owns 4,644 shares of the company's stock valued at $454,000 after buying an additional 132 shares during the last quarter. Meiji Yasuda Asset Management Co Ltd. raised its stake in Veralto by 3.6% during the first quarter. Meiji Yasuda Asset Management Co Ltd. now owns 3,883 shares of the company's stock valued at $378,000 after buying an additional 134 shares during the last quarter. Finally, Argent Trust Co raised its stake in Veralto by 1.8% during the first quarter. Argent Trust Co now owns 8,096 shares of the company's stock valued at $789,000 after buying an additional 140 shares during the last quarter. Hedge funds and other institutional investors own 91.28% of the company's stock.

Insiders Place Their Bets

In other Veralto news, CEO Jennifer Honeycutt sold 10,646 shares of the 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 of the company's stock, valued at approximately $11,286,830.94. This represents a 9.11% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.36% of the company's stock.

Veralto Stock Down 0.1%

VLTO stock opened at $103.86 on Wednesday. Veralto Corporation has a 1-year low of $83.86 and a 1-year high of $115.00. The business has a fifty day moving average price of $105.90 and a 200-day moving average price of $101.29. The company has a debt-to-equity ratio of 1.00, a current ratio of 2.32 and a quick ratio of 2.06. The stock has a market capitalization of $25.77 billion, a P/E ratio of 29.01, a P/E/G ratio of 3.43 and a beta of 0.90.

Veralto (NYSE:VLTO - Get Free Report) last posted its quarterly earnings data on Monday, July 28th. The company reported $0.93 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 company had revenue of $1.37 billion during the quarter, compared to analysts' expectations of $1.34 billion. During the same quarter in the prior year, the business earned $0.85 earnings per share. Veralto's revenue for the quarter was up 6.4% compared to the same quarter last year. Veralto has set its FY 2025 guidance at 3.720-3.800 EPS. Q3 2025 guidance at 0.910-0.950 EPS. Equities analysts forecast that Veralto Corporation will post 3.66 earnings per share for the current fiscal year.

Veralto Dividend Announcement

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

Wall Street Analysts Forecast Growth

VLTO has been the subject of a number of recent research reports. Wolfe Research upgraded Veralto from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, July 30th. Weiss Ratings upgraded Veralto from a "hold (c+)" rating to a "buy (b-)" rating in a research note on Wednesday, October 8th. Barclays lowered their price objective on Veralto from $120.00 to $119.00 and set an "overweight" rating for the company in a research note on Monday, October 6th. Stifel Nicolaus set a $120.00 price target on Veralto and gave the stock a "buy" rating in a research note on Wednesday, July 30th. Finally, Robert W. Baird boosted their price target on Veralto from $106.00 to $112.00 and gave the stock a "neutral" rating in a research note on Wednesday, July 30th. Six analysts have rated the stock with a Buy rating and four have given a Hold rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $113.43.

Veralto 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.

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