Capital Advisors Inc. OK Has $36.19 Million Holdings in Veralto Corporation $VLTO

Key Points

• Capital Advisors Inc. OK increased its stake in Veralto Corporation by 3.4%, owning approximately 358,446 shares valued at $36.19 million.
• Veralto has received positive analyst ratings, with a consensus of "Moderate Buy" and an average target price of $113.57.
• The company recently announced a quarterly dividend of $0.11 per share, which will be paid on October 31st, indicating a yield of 0.4%.

Capital Advisors Inc. OK lifted its position in shares of Veralto Corporation (NYSE:VLTO - Free Report) by 3.4% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 358,446 shares of the company's stock after purchasing an additional 11,828 shares during the quarter. Capital Advisors Inc. OK owned approximately 0.14% of Veralto worth $36,185,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Park Avenue Securities LLC grew its holdings in shares of Veralto by 11.5% during the 1st quarter. Park Avenue Securities LLC now owns 19,213 shares of the company's stock worth $1,872,000 after purchasing an additional 1,985 shares in the last quarter. Royal Bank of Canada grew its holdings in shares of Veralto by 13.1% during the 1st quarter. Royal Bank of Canada now owns 1,177,453 shares of the company's stock worth $114,741,000 after purchasing an additional 136,708 shares in the last quarter. Cambridge Investment Research Advisors Inc. grew its holdings 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 purchasing an additional 113 shares in the last quarter. Allspring Global Investments Holdings LLC grew its holdings in shares of Veralto by 9.4% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 26,833 shares of the company's stock worth $2,619,000 after purchasing an additional 2,313 shares in the last quarter. Finally, Assenagon Asset Management S.A. grew its holdings in shares of Veralto by 3.0% during the 1st quarter. Assenagon Asset Management S.A. now owns 14,544 shares of the company's stock worth $1,417,000 after purchasing an additional 429 shares in the last quarter. Institutional investors and hedge funds own 91.28% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms recently commented on VLTO. Raymond James Financial began coverage on Veralto in a research report on Tuesday, August 26th. They set a "market perform" rating for the company. Barclays began coverage on Veralto in a research report on Friday, September 19th. They set an "overweight" rating and a $120.00 target price for the company. Wolfe Research upgraded Veralto from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, July 30th. Robert W. Baird raised their target price on Veralto from $106.00 to $112.00 and gave the stock a "neutral" rating in a research report on Wednesday, July 30th. Finally, Weiss Ratings restated a "hold (c+)" rating on shares of Veralto in a research report on Saturday, September 27th. Five equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat.com, Veralto has a consensus rating of "Moderate Buy" and an average target price of $113.57.

Insider Buying and Selling

In other Veralto news, CEO Jennifer Honeycutt sold 10,646 shares of the business'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 owned 106,219 shares of the company's stock, valued at approximately $11,286,830.94. The trade was a 9.11% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.36% of the company's stock.

Veralto Price Performance

Veralto stock opened at $107.25 on Monday. The company has a debt-to-equity ratio of 1.00, a quick ratio of 2.06 and a current ratio of 2.32. The firm has a market cap of $26.61 billion, a P/E ratio of 29.96, a P/E/G ratio of 3.56 and a beta of 0.90. The business's fifty day moving average is $106.65 and its two-hundred day moving average is $100.77. 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 EPS for the quarter, topping analysts' consensus estimates of $0.89 by $0.04. The company had revenue of $1.37 billion for the quarter, compared to analyst estimates of $1.34 billion. Veralto had a return on equity of 41.45% and a net margin of 16.65%.The business's revenue was up 6.4% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.85 earnings per share. Veralto has set its FY 2025 guidance at 3.720-3.800 EPS. Q3 2025 guidance at 0.910-0.950 EPS. Equities research analysts forecast that Veralto Corporation will post 3.66 earnings per share for the current fiscal year.

Veralto Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 31st. Shareholders of record on Tuesday, September 30th will be paid 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 payout ratio is currently 12.29%.

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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