Veralto Corporation $VLTO Holdings Raised by Czech National Bank

Key Points

• The Czech National Bank increased its holdings in Veralto Corporation by 6.7% during Q2, now owning 60,586 shares worth $6,116,000.
• Multiple analysts have raised their price targets for VLTO shares, with Royal Bank of Canada setting a new target of $108.00 and Stifel Nicolaus at $120.00, while the consensus rating remains a "Moderate Buy."
• Veralto recently declared a $0.11 quarterly dividend, with a 0.4% yield and a payout ratio of 12.29%.

Czech National Bank lifted its stake in shares of Veralto Corporation (NYSE:VLTO - Free Report) by 6.7% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 60,586 shares of the company's stock after acquiring an additional 3,784 shares during the quarter. Czech National Bank's holdings in Veralto were worth $6,116,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also modified their holdings of the company. Bernard Wealth Management Corp. purchased a new stake in shares of Veralto during the fourth quarter worth $30,000. Truvestments Capital LLC increased its holdings in Veralto by 148.5% in the first quarter. Truvestments Capital LLC now owns 328 shares of the company's stock valued at $32,000 after buying an additional 196 shares during the last quarter. Opal Wealth Advisors LLC purchased a new position in Veralto in the first quarter valued at $45,000. Grove Bank & Trust boosted its stake in Veralto by 198.2% in the first quarter. Grove Bank & Trust now owns 510 shares of the company's stock valued at $50,000 after acquiring an additional 339 shares in the last quarter. Finally, Global Financial Private Client LLC lifted its holdings in shares of Veralto by 95.1% in the 1st quarter. Global Financial Private Client LLC now owns 593 shares of the company's stock valued at $58,000 after purchasing an additional 289 shares during the last quarter. Hedge funds and other institutional investors own 91.28% of the company's stock.

Veralto Stock Down 0.1%

Shares of NYSE:VLTO traded down $0.08 during midday trading on Friday, hitting $106.98. 3,165,211 shares of the company's stock traded hands, compared to its average volume of 1,066,385. 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 company has a market cap of $26.55 billion, a PE ratio of 29.88, a P/E/G ratio of 3.55 and a beta of 0.91. The firm's fifty day moving average price is $105.97 and its two-hundred day moving average price is $100.22. Veralto Corporation has a twelve month low of $83.86 and a twelve month high of $115.00.

Veralto (NYSE:VLTO - Get Free Report) last issued 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. The business had revenue of $1.37 billion for the quarter, compared to analyst estimates of $1.34 billion. Veralto had a net margin of 16.65% and a return on equity of 41.45%. The company's revenue for the quarter was up 6.4% on a year-over-year basis. During the same quarter in the prior year, the business 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, equities research analysts anticipate that Veralto Corporation will post 3.66 EPS for the current fiscal year.

Veralto Dividend Announcement

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

Insider Buying and Selling at Veralto

In related news, CEO Jennifer Honeycutt sold 10,646 shares of the business's stock in a transaction dated Friday, August 29th. The shares were sold at an average price of $106.26, for a total transaction of $1,131,243.96. Following the completion of the sale, the chief executive officer owned 106,219 shares of the company's stock, valued at $11,286,830.94. This represents a 9.11% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.36% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the stock. Royal Bank Of Canada increased their target price on shares of Veralto from $104.00 to $108.00 and gave the stock a "sector perform" rating in a research note on Wednesday, July 30th. Stifel Nicolaus set a $120.00 price objective on shares of Veralto and gave the company a "buy" rating in a research report on Wednesday, July 30th. Wolfe Research upgraded shares of Veralto from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, July 30th. Barclays initiated coverage on shares of Veralto in a research report on Friday. They set an "overweight" rating and a $120.00 price target for the company. Finally, Robert W. Baird lifted their price target on shares of Veralto from $106.00 to $112.00 and gave the company a "neutral" rating in a research report on Wednesday, July 30th. Six investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Veralto has a consensus rating of "Moderate Buy" and a consensus target price of $114.25.

Veralto Company 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.