M&T Bank Corp Boosts Position in Veralto Corporation $VLTO

Key Points

• M&T Bank Corp increased its stake in Veralto by 53.2% to 89,505 shares (worth $8.93M), and institutional investors now own 91.28% of the company, with Vanguard and State Street among the largest holders.
• Analysts are split (six Buy, six Hold) but the consensus is a Moderate Buy with an average target of $107.56, above the current price, though several firms recently trimmed their targets.
• Veralto beat Q4 EPS estimates ($1.04 vs. $0.98), set FY2026 guidance of 4.10–4.20 EPS, and announced a quarterly dividend of $0.13 (annualized yield ~0.6%).

M&T Bank Corp lifted its stake in shares of Veralto Corporation (NYSE:VLTO - Free Report) by 53.2% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 89,505 shares of the company's stock after acquiring an additional 31,079 shares during the period. M&T Bank Corp's holdings in Veralto were worth $8,931,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also modified their holdings of the stock. Vanguard Group Inc. raised its holdings in shares of Veralto by 2.8% during the 3rd quarter. Vanguard Group Inc. now owns 31,058,387 shares of the company's stock worth $3,311,135,000 after acquiring an additional 852,276 shares during the period. State Street Corp increased its position in shares of Veralto by 1.9% during the 3rd quarter. State Street Corp now owns 10,449,828 shares of the company's stock worth $1,115,182,000 after purchasing an additional 191,872 shares during the last quarter. Impax Asset Management Group plc increased its position in shares of Veralto by 3.9% during the 3rd quarter. Impax Asset Management Group plc now owns 3,839,722 shares of the company's stock worth $408,503,000 after purchasing an additional 144,044 shares during the last quarter. First Trust Advisors LP increased its position in shares of Veralto by 24.3% during the 3rd quarter. First Trust Advisors LP now owns 3,508,512 shares of the company's stock worth $374,042,000 after purchasing an additional 685,614 shares during the last quarter. Finally, Victory Capital Management Inc. increased its position in shares of Veralto by 12.8% during the 3rd quarter. Victory Capital Management Inc. now owns 2,194,081 shares of the company's stock worth $237,738,000 after purchasing an additional 248,718 shares during the last quarter. Hedge funds and other institutional investors own 91.28% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on VLTO shares. Weiss Ratings downgraded Veralto from a "buy (b-)" rating to a "hold (c+)" rating in a research report on Wednesday, December 31st. Robert W. Baird set a $108.00 price objective on Veralto in a research report on Thursday, February 5th. Stifel Nicolaus cut their price objective on Veralto from $118.00 to $110.00 and set a "buy" rating for the company in a research report on Tuesday, April 14th. Citigroup cut their price objective on Veralto from $111.00 to $104.00 and set a "neutral" rating for the company in a research report on Thursday, February 5th. Finally, UBS Group cut their price objective on Veralto from $102.00 to $99.00 and set a "neutral" rating for the company in a research report on Thursday, April 9th. Six equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $107.56.

Veralto Stock Performance

NYSE VLTO opened at $88.67 on Friday. The company has a market cap of $21.78 billion, a P/E ratio of 23.65, a P/E/G ratio of 2.52 and a beta of 0.98. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.67 and a quick ratio of 1.52. The stock has a 50-day moving average of $91.00 and a two-hundred day moving average of $96.93. Veralto Corporation has a 1-year low of $84.99 and a 1-year high of $110.11.

Veralto (NYSE:VLTO - Get Free Report) last released its earnings results on Tuesday, February 3rd. The company reported $1.04 earnings per share for the quarter, beating the consensus estimate of $0.98 by $0.06. The company had revenue of $1.40 billion during the quarter, compared to the consensus estimate of $1.41 billion. Veralto had a return on equity of 35.77% and a net margin of 17.08%.Veralto's revenue was up 3.8% compared to the same quarter last year. During the same period in the previous year, the company posted $0.95 EPS. Veralto has set its FY 2026 guidance at 4.100-4.200 EPS and its Q1 2026 guidance at 0.970-1.010 EPS. As a group, analysts anticipate that Veralto Corporation will post 4.21 EPS for the current year.

Veralto Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, April 30th. Shareholders of record on Tuesday, March 31st will be given a $0.13 dividend. This represents a $0.52 annualized dividend and a yield of 0.6%. The ex-dividend date of this dividend is Tuesday, March 31st. Veralto's payout ratio is currently 13.87%.

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. This segment provides water solutions, including chemical reagents, services, and digital solutions.

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