Ferguson Wellman Capital Management Inc. Raises Stock Position in Veralto Corporation $VLTO

Key Points

• Ferguson Wellman Capital Management Inc. increased its stake in Veralto Corporation by 4.9% in Q2, acquiring an additional 21,186 shares, bringing its total to 453,307 shares worth approximately $45.76 million.
• Veralto's stock has experienced analyst interest, with five analysts rating it as a Buy and four as a Hold, leading to a consensus rating of "Moderate Buy" and an average price target of $113.43.
• In its latest earnings report, Veralto posted an EPS of $0.93, surpassing analysts' expectations of $0.89, and reported a revenue increase of 6.4% year-over-year to $1.37 billion.

Ferguson Wellman Capital Management Inc. boosted its stake in shares of Veralto Corporation (NYSE:VLTO - Free Report) by 4.9% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 453,307 shares of the company's stock after buying an additional 21,186 shares during the quarter. Ferguson Wellman Capital Management Inc. owned approximately 0.18% of Veralto worth $45,761,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Exchange Traded Concepts LLC raised its position in shares of Veralto by 5.9% in the 2nd quarter. Exchange Traded Concepts LLC now owns 33,667 shares of the company's stock worth $3,399,000 after acquiring an additional 1,884 shares in the last quarter. Family Legacy Financial Solutions LLC bought a new position in shares of Veralto in the 2nd quarter worth about $1,143,000. NorthCrest Asset Manangement LLC bought a new position in shares of Veralto in the 2nd quarter worth about $242,000. Wealth Enhancement Advisory Services LLC increased its position in Veralto by 149.7% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 183,666 shares of the company's stock valued at $19,055,000 after buying an additional 110,121 shares in the last quarter. Finally, Mn Services Vermogensbeheer B.V. increased its position in Veralto by 9.6% in the 2nd quarter. Mn Services Vermogensbeheer B.V. now owns 92,699 shares of the company's stock valued at $9,358,000 after buying an additional 8,100 shares in the last quarter. 91.28% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts recently commented on the company. Barclays assumed coverage on Veralto in a research report on Friday. They issued an "overweight" rating and a $120.00 target price for the company. Robert W. Baird boosted their target price on Veralto from $106.00 to $112.00 and gave the company a "neutral" rating in a research report on Wednesday, July 30th. Wolfe Research raised Veralto from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, July 30th. Stifel Nicolaus set a $120.00 price objective on Veralto and gave the stock a "buy" rating in a report on Wednesday, July 30th. Finally, Royal Bank Of Canada boosted 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. Six equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $114.25.

Veralto Stock Down 0.1%

NYSE VLTO traded down $0.08 during mid-day trading on Friday, reaching $106.98. The stock had a trading volume of 3,165,211 shares, compared to its average volume of 1,066,385. Veralto Corporation has a 1 year low of $83.86 and a 1 year high of $115.00. The stock has a market cap of $26.55 billion, a PE ratio of 29.88, a price-to-earnings-growth ratio of 3.55 and a beta of 0.91. The company has a fifty day moving average price of $105.97 and a 200 day moving average price of $100.22. The company has a debt-to-equity ratio of 1.00, a current ratio of 2.32 and a quick ratio of 2.06.

Veralto (NYSE:VLTO - Get Free Report) last announced its earnings results on Monday, July 28th. The company reported $0.93 earnings per share for the quarter, beating analysts' consensus estimates of $0.89 by $0.04. The business had revenue of $1.37 billion during 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 quarterly revenue was up 6.4% compared to the same quarter last year. During the same period in the previous year, the business earned $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, research analysts expect that Veralto Corporation will post 3.66 earnings per share for the current year.

Veralto Dividend Announcement

The firm also recently declared 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. 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 dividend payout ratio is presently 12.29%.

Insider Transactions at Veralto

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

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.