Mn Services Vermogensbeheer B.V. boosted its holdings in shares of Veralto Corporation (NYSE:VLTO - Free Report) by 9.6% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 92,699 shares of the company's stock after acquiring an additional 8,100 shares during the quarter. Mn Services Vermogensbeheer B.V.'s holdings in Veralto were worth $9,358,000 at the end of the most recent quarter.
Other institutional investors and hedge funds also recently bought and sold shares of the company. Bernard Wealth Management Corp. purchased a new stake in shares of Veralto in the fourth quarter worth approximately $30,000. Truvestments Capital LLC boosted its stake in shares of Veralto by 148.5% during the 1st quarter. Truvestments Capital LLC now owns 328 shares of the company's stock valued at $32,000 after buying an additional 196 shares during the period. Opal Wealth Advisors LLC acquired a new position in shares of Veralto in the first quarter worth $45,000. Grove Bank & Trust increased its stake in shares of Veralto by 198.2% in the first quarter. Grove Bank & Trust now owns 510 shares of the company's stock worth $50,000 after acquiring an additional 339 shares during the last quarter. Finally, Global Financial Private Client LLC raised its holdings in shares of Veralto by 95.1% during the first quarter. Global Financial Private Client LLC now owns 593 shares of the company's stock worth $58,000 after acquiring an additional 289 shares in the last quarter. Hedge funds and other institutional investors own 91.28% of the company's stock.
Veralto Price Performance
Shares of VLTO stock traded down $1.03 during mid-day trading on Monday, reaching $105.88. The company's stock had a trading volume of 484,193 shares, compared to its average volume of 1,350,902. The firm's 50-day moving average is $105.97 and its two-hundred day moving average is $100.23. The company has a market cap of $26.27 billion, a P/E ratio of 29.57, a PEG ratio of 3.55 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 company has a debt-to-equity ratio of 1.00, a quick ratio of 2.06 and a current ratio of 2.32.
Veralto (NYSE:VLTO - Get Free Report) last posted its quarterly earnings results 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 firm 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 quarter in the prior year, the business posted $0.85 earnings per share. 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 Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Friday, October 31st. Investors 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 is Tuesday, September 30th. Veralto's dividend payout ratio (DPR) 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 stock was sold at an average price of $106.26, for a total value of $1,131,243.96. Following the sale, the chief executive officer directly owned 106,219 shares in the company, valued at $11,286,830.94. This represents a 9.11% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.36% of the stock is currently owned by corporate insiders.
Analyst Ratings Changes
Several brokerages have weighed in on VLTO. Raymond James Financial began coverage on Veralto in a research report on Tuesday, August 26th. They issued a "market perform" rating on the stock. Wolfe Research raised shares of Veralto from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, July 30th. Robert W. Baird lifted their target price on shares of Veralto from $106.00 to $112.00 and gave the company a "neutral" rating in a research note on Wednesday, July 30th. Royal Bank Of Canada increased their price target on shares of Veralto from $104.00 to $108.00 and gave the stock a "sector perform" rating in a research note on Wednesday, July 30th. Finally, Stifel Nicolaus set a $120.00 price target on shares of Veralto and gave the company a "buy" rating in a report on Wednesday, July 30th. Six analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $114.25.
Check Out Our Latest Stock Analysis on VLTO
About Veralto
(
Free Report)
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.
See Also
Before you consider Veralto, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Veralto wasn't on the list.
While Veralto currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Nuclear energy stocks are roaring. It's the hottest energy sector of the year. Cameco Corp, Paladin Energy, and BWX Technologies were all up more than 40% in 2024. The biggest market moves could still be ahead of us, and there are seven nuclear energy stocks that could rise much higher in the next several months. To unlock these tickers, enter your email address below.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
