Lbp Am Sa Sells 18,293 Shares of Veralto Corporation $VLTO

Key Points

• Lbp Am Sa has reduced its stake in Veralto Corporation (NYSE:VLTO) by 12.2%, selling 18,293 shares, and now holds approximately 0.05% of the company valued at $13.2 million.
• Veralto reported better-than-expected earnings of $0.93 per share for the last quarter, exceeding analysts' estimates of $0.89, along with a revenue increase of 6.4% year-over-year.
• The company has declared a quarterly dividend of $0.11 per share, which will be paid on October 31st, with an annualized yield of 0.4% and a dividend payout ratio of 12.29%.

Lbp Am Sa decreased its position in Veralto Corporation (NYSE:VLTO - Free Report) by 12.2% during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor owned 131,079 shares of the company's stock after selling 18,293 shares during the period. Lbp Am Sa owned about 0.05% of Veralto worth $13,232,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently bought and sold shares of VLTO. Truvestments Capital LLC lifted its stake in 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 acquiring an additional 196 shares in the last quarter. Opal Wealth Advisors LLC bought a new stake in Veralto in the 1st quarter valued at approximately $45,000. Grove Bank & Trust lifted its stake in 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 acquiring an additional 339 shares in the last quarter. Cloud Capital Management LLC bought a new stake in Veralto in the 1st quarter valued at approximately $64,000. Finally, Marshall & Sullivan Inc. WA bought a new stake in Veralto in the 2nd quarter valued at approximately $74,000. Institutional investors own 91.28% of the company's stock.

Veralto Stock Up 1.4%

VLTO stock opened at $106.58 on Wednesday. The company has a current ratio of 2.32, a quick ratio of 2.06 and a debt-to-equity ratio of 1.00. The firm has a market capitalization of $26.45 billion, a PE ratio of 29.77, a PEG ratio of 3.49 and a beta of 0.91. Veralto Corporation has a 1-year low of $83.86 and a 1-year high of $115.00. The business's 50 day simple moving average is $106.43 and its 200 day simple moving average is $100.59.

Veralto (NYSE:VLTO - Get Free Report) last posted its earnings results on Monday, July 28th. The company reported $0.93 earnings per share for the quarter, topping 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 return on equity of 41.45% and a net margin of 16.65%.The firm's revenue was up 6.4% compared to the same quarter last year. During the same period in the previous year, the firm 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. As a group, research analysts anticipate that Veralto Corporation will post 3.66 EPS for the current year.

Veralto Dividend Announcement

The company 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. This represents a $0.44 dividend on an annualized basis and a 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

In other Veralto news, CEO Jennifer Honeycutt sold 10,646 shares of the company's 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 transaction, the chief executive officer directly 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 SEC, which is available through this hyperlink. 0.36% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on VLTO. Raymond James Financial began coverage on Veralto in a research note on Tuesday, August 26th. They set a "market perform" rating on the stock. Barclays began coverage on Veralto in a research note on Friday, September 19th. They set an "overweight" rating and a $120.00 price objective on the stock. Wolfe Research upgraded Veralto from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, July 30th. 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. Finally, Royal Bank Of Canada upped their price objective on Veralto from $104.00 to $108.00 and gave the stock a "sector perform" rating in a research note on Wednesday, July 30th. Five analysts have rated the stock with a Buy rating and four have given a Hold rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $113.57.

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.

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