Pallas Capital Advisors LLC bought a new stake in shares of Veralto Corporation (NYSE:VLTO - Free Report) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 6,454 shares of the company's stock, valued at approximately $652,000.
A number of other large investors also recently modified their holdings of the company. Baldwin Investment Management LLC lifted its stake in shares of Veralto by 3.4% during the 1st quarter. Baldwin Investment Management LLC now owns 3,219 shares of the company's stock valued at $314,000 after buying an additional 106 shares in the last quarter. Cambridge Investment Research Advisors Inc. lifted its stake in shares of Veralto by 1.3% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 8,784 shares of the company's stock valued at $856,000 after buying an additional 113 shares in the last quarter. Phoenix Financial Ltd. lifted its stake in Veralto by 2.9% in the 1st quarter. Phoenix Financial Ltd. now owns 4,644 shares of the company's stock worth $454,000 after purchasing an additional 132 shares in the last quarter. Meiji Yasuda Asset Management Co Ltd. lifted its stake in Veralto by 3.6% in the 1st quarter. Meiji Yasuda Asset Management Co Ltd. now owns 3,883 shares of the company's stock worth $378,000 after purchasing an additional 134 shares in the last quarter. Finally, Argent Trust Co lifted its stake in Veralto by 1.8% in the 1st quarter. Argent Trust Co now owns 8,096 shares of the company's stock worth $789,000 after purchasing an additional 140 shares in the last quarter. Hedge funds and other institutional investors own 91.28% of the company's stock.
Veralto Trading Down 0.1%
VLTO stock traded down $0.08 during mid-day trading on Friday, reaching $106.98. The company had a trading volume of 3,165,211 shares, compared to its average volume of 1,066,385. The company has a debt-to-equity ratio of 1.00, a current ratio of 2.32 and a quick ratio of 2.06. The company has a market capitalization of $26.55 billion, a PE ratio of 29.88, a price-to-earnings-growth ratio of 3.55 and a beta of 0.91. The firm has a 50 day moving average of $105.97 and a 200 day moving average of $100.22. Veralto Corporation has a 12 month low of $83.86 and a 12 month high of $115.00.
Veralto (NYSE:VLTO - Get Free Report) last issued its earnings results on Monday, July 28th. The company reported $0.93 EPS 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 the consensus estimate of $1.34 billion. Veralto had a net margin of 16.65% and a return on equity of 41.45%. The company's revenue for the quarter was up 6.4% compared to the same quarter last year. During the same period in the prior 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. On average, equities analysts predict that Veralto Corporation will post 3.66 earnings per share for the current fiscal year.
Veralto Announces Dividend
The company 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. The ex-dividend date of this dividend is Tuesday, September 30th. This represents a $0.44 dividend on an annualized basis and a yield of 0.4%. Veralto's dividend payout ratio is presently 12.29%.
Insider Buying and Selling
In related news, CEO Jennifer Honeycutt sold 10,646 shares of the stock in a transaction that occurred on Friday, August 29th. The shares were sold at an average price of $106.26, for a total transaction of $1,131,243.96. Following the completion of the sale, the chief executive officer owned 106,219 shares of the company's stock, valued at $11,286,830.94. This represents a 9.11% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 0.36% of the stock is owned by insiders.
Wall Street Analyst Weigh In
Several analysts have commented on the stock. Royal Bank Of Canada boosted 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. Barclays assumed coverage on shares of Veralto in a research note on Friday. They issued an "overweight" rating and a $120.00 price target on the stock. Raymond James Financial started coverage on shares of Veralto in a research note on Tuesday, August 26th. They issued a "market perform" rating on the stock. Stifel Nicolaus set a $120.00 target price on shares of Veralto and gave the company a "buy" rating in a research report on Wednesday, July 30th. Finally, Robert W. Baird upped their target price on shares of Veralto from $106.00 to $112.00 and gave the company a "neutral" rating in a research report on Wednesday, July 30th. Six research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $114.25.
Check Out Our Latest Stock Analysis on Veralto
Veralto Profile
(
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.
