Focus Financial Network Inc. Makes New Investment in Veralto Corporation $VLTO

Key Points

• Focus Financial Network Inc. has acquired a new position in Veralto Corporation, purchasing 2,570 shares valued at approximately $259,000 during the second quarter.
• Veralto announced a quarterly dividend of $0.11, with an ex-dividend date of September 30th, offering a yield of 0.4% and a dividend payout ratio of 12.29%.
• The company reported a EPS of $0.93 for the last quarter, exceeding estimates, with revenues increasing by 6.4% year-over-year.

Focus Financial Network Inc. purchased a new position in Veralto Corporation (NYSE:VLTO - Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 2,570 shares of the company's stock, valued at approximately $259,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Baldwin Investment Management LLC grew its stake in Veralto by 3.4% in the 1st quarter. Baldwin Investment Management LLC now owns 3,219 shares of the company's stock worth $314,000 after buying an additional 106 shares in the last quarter. Cambridge Investment Research Advisors Inc. lifted its holdings in shares of Veralto by 1.3% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 8,784 shares of the company's stock worth $856,000 after acquiring an additional 113 shares during the last quarter. Phoenix Financial Ltd. lifted its holdings in shares of Veralto by 2.9% in the 1st quarter. Phoenix Financial Ltd. now owns 4,644 shares of the company's stock worth $454,000 after acquiring an additional 132 shares during the last quarter. Meiji Yasuda Asset Management Co Ltd. lifted its holdings in shares of Veralto by 3.6% in the 1st quarter. Meiji Yasuda Asset Management Co Ltd. now owns 3,883 shares of the company's stock worth $378,000 after acquiring an additional 134 shares during the last quarter. Finally, Argent Trust Co lifted its holdings in shares of Veralto by 1.8% in the 1st quarter. Argent Trust Co now owns 8,096 shares of the company's stock worth $789,000 after acquiring an additional 140 shares during the last quarter. Hedge funds and other institutional investors own 91.28% of the company's stock.

Veralto Trading Down 0.1%

NYSE:VLTO opened at $106.98 on Monday. The company has a fifty day moving average of $105.97 and a 200 day moving average of $100.23. Veralto Corporation has a 52 week low of $83.86 and a 52 week high of $115.00. The company has a quick ratio of 2.06, a current ratio of 2.32 and a debt-to-equity ratio of 1.00. The firm has a market capitalization of $26.55 billion, a P/E ratio of 29.88, a P/E/G ratio of 3.55 and a beta of 0.91.

Veralto (NYSE:VLTO - Get Free Report) last issued its quarterly earnings data on Monday, July 28th. The company reported $0.93 EPS for the quarter, topping the consensus estimate of $0.89 by $0.04. Veralto had a net margin of 16.65% and a return on equity of 41.45%. The business had revenue of $1.37 billion during the quarter, compared to analyst estimates of $1.34 billion. During the same period in the prior year, the business earned $0.85 EPS. The company's revenue for the quarter was up 6.4% on a year-over-year basis. 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 predict that Veralto Corporation will post 3.66 earnings per share for the current year.

Veralto Announces Dividend

The business also recently disclosed 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 is Tuesday, September 30th. This represents a $0.44 annualized dividend and a yield of 0.4%. Veralto's dividend payout ratio is 12.29%.

Insider Buying and Selling

In other Veralto news, CEO Jennifer Honeycutt sold 10,646 shares of the company's 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 completion of the transaction, the chief executive officer directly 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 document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.36% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the stock. Raymond James Financial assumed coverage on shares of Veralto in a report on Tuesday, August 26th. They issued a "market perform" rating for the company. Stifel Nicolaus set a $120.00 price objective on shares of Veralto and gave the stock a "buy" rating in a report on Wednesday, July 30th. Wolfe Research upgraded shares of Veralto from a "hold" rating to a "strong-buy" rating in a report on Wednesday, July 30th. Barclays initiated coverage on shares of Veralto in a report on Friday. They set an "overweight" rating and a $120.00 price target for the company. Finally, Robert W. Baird upped their price target on shares of Veralto from $106.00 to $112.00 and gave the company a "neutral" rating in a report on Wednesday, July 30th. Six analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $114.25.

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.

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