2,592 Shares in Veralto Corporation $VLTO Purchased by Capital Asset Advisory Services LLC

Key Points

• Capital Asset Advisory Services LLC has made a new investment of approximately $266,000 in Veralto Corporation, acquiring 2,592 shares during the second quarter.
• Several analysts have upgraded Veralto's stock rating to a moderate buy, with a consensus price target increased to $113.43.
• Veralto reported a quarterly earnings per share of $0.93, surpassing analysts' expectations, and set guidance for FY 2025 EPS between $3.720 and $3.800.

Capital Asset Advisory Services LLC purchased a new position in shares of Veralto Corporation (NYSE:VLTO - Free Report) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 2,592 shares of the company's stock, valued at approximately $266,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Bernard Wealth Management Corp. purchased a new position in shares of Veralto during the 4th quarter worth $30,000. Truvestments Capital LLC lifted its stake in shares of Veralto by 148.5% in the first quarter. Truvestments Capital LLC now owns 328 shares of the company's stock worth $32,000 after buying an additional 196 shares in the last quarter. Opal Wealth Advisors LLC acquired a new position in shares of Veralto in the first quarter valued at approximately $45,000. Grove Bank & Trust lifted its position in shares of 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 last quarter. Finally, Global Financial Private Client LLC grew its stake in shares of Veralto by 95.1% during the 1st quarter. Global Financial Private Client LLC now owns 593 shares of the company's stock worth $58,000 after purchasing an additional 289 shares during the period. Institutional investors own 91.28% of the company's stock.

Veralto Trading Down 0.3%

Shares of NYSE VLTO traded down $0.36 during trading hours on Friday, hitting $106.71. The company's stock had a trading volume of 331,814 shares, compared to its average volume of 1,339,979. The business has a 50-day simple moving average of $105.87 and a 200-day simple moving average of $100.15. Veralto Corporation has a 12 month low of $83.86 and a 12 month high of $115.00. The stock has a market cap of $26.48 billion, a price-to-earnings ratio of 29.80, a P/E/G ratio of 3.54 and a beta of 0.91. The company has a debt-to-equity ratio of 1.00, a quick ratio of 2.06 and a current ratio of 2.32.

Veralto (NYSE:VLTO - Get Free Report) last issued its earnings results on Monday, July 28th. The company reported $0.93 earnings per share for the quarter, topping the consensus estimate of $0.89 by $0.04. The company had revenue of $1.37 billion during 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%. Veralto's quarterly revenue was up 6.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $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. On average, analysts anticipate 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 issued a dividend of $0.11 per share. The ex-dividend date 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 12.29%.

Insider Activity at Veralto

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

Wall Street Analyst Weigh In

A number of research firms have issued reports on VLTO. Wolfe Research upgraded Veralto from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, July 30th. Robert W. Baird boosted their price objective on Veralto from $106.00 to $112.00 and gave the stock a "neutral" rating in a research note on Wednesday, July 30th. Barclays initiated coverage on Veralto in a report on Friday. They issued an "overweight" rating and a $120.00 price objective for the company. Royal Bank Of Canada increased their price objective on Veralto from $104.00 to $108.00 and gave the stock a "sector perform" rating in a report on Wednesday, July 30th. Finally, Stifel Nicolaus set a $120.00 price objective on Veralto and gave the stock a "buy" rating in a research note on Wednesday, July 30th. Six analysts have rated the stock with a Buy rating and four have issued 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 an average target price of $114.25.

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.