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 stake in Veralto Corporation (NYSE:VLTO - Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 2,570 shares of the company's stock, valued at approximately $259,000.

Other large investors have also modified their holdings of the company. Bernard Wealth Management Corp. acquired a new position in shares of Veralto in the 4th quarter valued at $30,000. Truvestments Capital LLC lifted its stake in shares of Veralto by 148.5% in the 1st quarter. Truvestments Capital LLC now owns 328 shares of the company's stock valued at $32,000 after purchasing an additional 196 shares during the last quarter. Opal Wealth Advisors LLC acquired a new position in shares of Veralto in the 1st quarter valued at $45,000. Grove Bank & Trust lifted its stake in shares of Veralto by 198.2% in the 1st quarter. Grove Bank & Trust now owns 510 shares of the company's stock valued at $50,000 after purchasing an additional 339 shares during the last quarter. Finally, Global Financial Private Client LLC lifted its stake 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. Institutional investors and hedge funds own 91.28% of the company's stock.

Veralto Stock Down 0.9%

NYSE VLTO traded down $1.00 during trading hours on Monday, hitting $105.90. 1,353,050 shares of the company were exchanged, compared to its average volume of 1,169,225. The company has a 50 day moving average of $106.05 and a two-hundred day moving average of $100.27. The company has a quick ratio of 2.06, a current ratio of 2.32 and a debt-to-equity ratio of 1.00. Veralto Corporation has a 52-week low of $83.86 and a 52-week high of $115.00. The firm has a market cap of $26.28 billion, a price-to-earnings ratio of 28.74, a PEG ratio of 3.55 and a beta of 0.91.

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

Veralto Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 31st. Stockholders of record on Tuesday, September 30th will be given a dividend of $0.11 per share. This represents a $0.44 annualized dividend 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 Activity

In other news, CEO Jennifer Honeycutt sold 10,646 shares of the company's stock in a transaction dated Friday, August 29th. The stock was sold at an average price of $106.26, for a total transaction of $1,131,243.96. Following the completion of the transaction, the chief executive officer directly owned 106,219 shares of the company's stock, valued at approximately $11,286,830.94. This represents a 9.11% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 0.36% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the company. Wolfe Research upgraded Veralto from a "hold" rating to a "strong-buy" rating in a report on Wednesday, July 30th. Robert W. Baird boosted their price objective on Veralto from $106.00 to $112.00 and gave the company a "neutral" rating in a report on Wednesday, July 30th. Barclays assumed coverage on Veralto in a report on Friday. They issued an "overweight" rating and a $120.00 price objective on the stock. Royal Bank Of Canada boosted their price objective on Veralto from $104.00 to $108.00 and gave the company a "sector perform" rating in a report on Wednesday, July 30th. Finally, Raymond James Financial assumed coverage on Veralto in a report on Tuesday, August 26th. They issued a "market perform" rating on the stock. Six investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target 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.