Meritage Portfolio Management Has $322,000 Stock Holdings in Veralto Corporation $VLTO

Key Points

• Meritage Portfolio Management reduced its stake in Veralto Corporation by 97.8% in Q2, owning just 3,193 shares valued at $322,000 after selling 144,746 shares during the period.
• Several institutional investors increased their holdings in Veralto, with CWM LLC boosting its stake by 178.1%, bringing its total to 22,362 shares valued at $2,257,000.
• Veralto's stock has a current market capitalization of $25.21 billion and recently reported earnings of $0.93 per share, exceeding expectations of $0.89 per share.

Meritage Portfolio Management lessened its position in Veralto Corporation (NYSE:VLTO - Free Report) by 97.8% during the 2nd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 3,193 shares of the company's stock after selling 144,746 shares during the period. Meritage Portfolio Management's holdings in Veralto were worth $322,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. CWM LLC boosted its stake in shares of Veralto by 178.1% in the 2nd quarter. CWM LLC now owns 22,362 shares of the company's stock valued at $2,257,000 after purchasing an additional 14,322 shares in the last quarter. Vanguard Personalized Indexing Management LLC boosted its stake in shares of Veralto by 27.8% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 31,259 shares of the company's stock valued at $3,195,000 after purchasing an additional 6,802 shares in the last quarter. Aberdeen Group plc boosted its stake in shares of Veralto by 13.0% in the 2nd quarter. Aberdeen Group plc now owns 277,048 shares of the company's stock valued at $27,968,000 after purchasing an additional 31,892 shares in the last quarter. Eastern Bank boosted its stake in shares of Veralto by 56.5% in the 2nd quarter. Eastern Bank now owns 238,930 shares of the company's stock valued at $24,120,000 after purchasing an additional 86,212 shares in the last quarter. Finally, IFP Advisors Inc raised its holdings in shares of Veralto by 70.8% in the second quarter. IFP Advisors Inc now owns 750 shares of the company's stock valued at $76,000 after buying an additional 311 shares during the last quarter. Institutional investors and hedge funds own 91.28% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on VLTO shares. Stifel Nicolaus set a $120.00 price target on Veralto and gave the company a "buy" rating in a report on Wednesday, July 30th. Robert W. Baird lifted their price target on Veralto from $106.00 to $112.00 and gave the company a "neutral" rating in a report on Wednesday, July 30th. Wolfe Research raised Veralto from a "hold" rating to a "strong-buy" rating in a report on Wednesday, July 30th. Barclays cut their price target on Veralto from $120.00 to $119.00 and set an "overweight" rating for the company in a report on Monday, October 6th. Finally, Raymond James Financial started coverage on Veralto in a report on Tuesday, August 26th. They issued a "market perform" rating for the company. Six research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $113.43.

Insider Activity

In other news, CEO Jennifer Honeycutt sold 10,646 shares of the business'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 in the company, valued at approximately $11,286,830.94. The trade was a 9.11% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.36% of the company's stock.

Veralto Stock Performance

Shares of NYSE:VLTO opened at $101.59 on Tuesday. The stock has a market capitalization of $25.21 billion, a P/E ratio of 28.38, a P/E/G ratio of 3.36 and a beta of 0.90. Veralto Corporation has a 1-year low of $83.86 and a 1-year high of $115.00. 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 business has a 50-day moving average price of $106.48 and a two-hundred day moving average price of $101.02.

Veralto (NYSE:VLTO - Get Free Report) last announced its quarterly earnings data on Monday, July 28th. The company reported $0.93 earnings per share for the quarter, topping the consensus estimate of $0.89 by $0.04. The firm 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 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 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 analysts predict that Veralto Corporation will post 3.66 earnings per share 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 dividend of $0.11 per share. This represents a $0.44 annualized dividend and a yield of 0.4%. The ex-dividend date of this dividend is Tuesday, September 30th. Veralto's payout ratio is currently 12.29%.

Veralto 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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