Robeco Institutional Asset Management B.V. Sells 68,156 Shares of Veralto Corporation $VLTO

Key Points

• Robeco Institutional Asset Management reduced its Veralto stake by 68,156 shares, or 3.9%, leaving it with 1.67 million shares worth approximately $157.7 million. Institutional investors collectively own 91.28% of the company.
• Analysts maintain a generally positive outlook, with Veralto receiving a “Moderate Buy” consensus rating and an average price target of $112.60. The company recently exceeded quarterly earnings and revenue estimates, reporting $1.11 in EPS and $1.47 billion in revenue.
• Veralto insiders sold shares under pre-arranged Rule 10b5-1 plans, including sales by CEO Jennifer Honeycutt and SVP Surekha Trivedi. The company also announced a quarterly dividend of $0.13 per share, equivalent to a 0.5% annual yield.

Robeco Institutional Asset Management B.V. cut its position in Veralto Corporation (NYSE:VLTO - Free Report) by 3.9% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,672,354 shares of the company's stock after selling 68,156 shares during the quarter. Robeco Institutional Asset Management B.V. owned approximately 0.69% of Veralto worth $157,736,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Highland Investment Advisors LLC purchased a new position in shares of Veralto in the 2nd quarter worth approximately $32,000. International Assets Investment Management LLC bought a new position in shares of Veralto during the 1st quarter worth approximately $66,000. Western Wealth Management LLC bought a new position in shares of Veralto during the 1st quarter worth approximately $83,000. Ascentis Independent Advisors purchased a new stake in Veralto during the first quarter valued at approximately $96,000. Finally, Oslo Pensjonsforsikring AS purchased a new stake in Veralto during the first quarter valued at approximately $104,000. 91.28% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Veralto

In related news, SVP Surekha Trivedi sold 986 shares of the firm's stock in a transaction on Monday, August 17th. The stock was sold at an average price of $97.05, for a total value of $95,691.30. Following the completion of the transaction, the senior vice president owned 8,565 shares in the company, valued at $831,233.25. This trade represents a 10.32% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Jennifer Honeycutt sold 7,097 shares of the firm's stock in a transaction on Wednesday, July 29th. The stock was sold at an average price of $101.52, for a total value of $720,487.44. Following the completion of the transaction, the chief executive officer owned 124,085 shares of the company's stock, valued at $12,597,109.20. This trade represents a 5.41% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.43% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several equities research analysts have weighed in on VLTO shares. Wolfe Research restated an "outperform" rating and issued a $125.00 target price on shares of Veralto in a research note on Tuesday, September 15th. Wall Street Zen raised shares of Veralto from a "hold" rating to a "buy" rating in a report on Saturday, October 3rd. Citigroup upped their price target on Veralto from $102.00 to $107.00 and gave the stock a "neutral" rating in a research report on Thursday, July 30th. Weiss Ratings upgraded Veralto from a "hold (c+)" rating to a "buy (b-)" rating in a report on Monday. Finally, Robert W. Baird set a $111.00 price objective on Veralto in a report on Thursday, July 30th. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and three have issued a Hold rating to the company's stock. According to data from MarketBeat.com, Veralto currently has an average rating of "Moderate Buy" and an average price target of $112.60.

Veralto Stock Performance

Shares of Veralto stock opened at $101.23 on Thursday. The company has a 50 day moving average price of $97.23 and a 200 day moving average price of $92.05. The firm has a market capitalization of $24.68 billion, a P/E ratio of 25.56, a PEG ratio of 2.87 and a beta of 0.62. The company has a quick ratio of 1.61, a current ratio of 1.78 and a debt-to-equity ratio of 0.86. Veralto Corporation has a 52 week low of $80.03 and a 52 week high of $105.75.

Veralto (NYSE:VLTO - Get Free Report) last released its earnings results on Tuesday, July 28th. The company reported $1.11 earnings per share for the quarter, topping the consensus estimate of $1.01 by $0.10. Veralto had a net margin of 17.35% and a return on equity of 34.76%. The company had revenue of $1.47 billion for the quarter, compared to the consensus estimate of $1.45 billion. During the same quarter in the previous year, the firm earned $0.93 EPS. Veralto's revenue was up 7.5% compared to the same quarter last year. Veralto has set its FY 2026 guidance at 4.350-4.430 EPS and its Q3 2026 guidance at 1.060-1.090 EPS. Sell-side analysts expect that Veralto Corporation will post 4.41 EPS for the current year.

Veralto Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, October 30th. Investors of record on Wednesday, September 30th will be given a $0.13 dividend. This represents a $0.52 annualized dividend and a dividend yield of 0.5%. The ex-dividend date of this dividend is Wednesday, September 30th. Veralto's dividend payout ratio is presently 13.13%.

Veralto Company Profile

Veralto Corporation NYSE: VLTO is a global provider of technology, products and services that help customers manage water quality and improve the quality, safety and efficiency of packaged goods. The company serves municipal, industrial, commercial and consumer-facing markets through a portfolio of operating businesses.

Veralto's Water Quality segment provides instruments, software and services used to test, monitor and treat water and wastewater. Its brands include Hach, Trojan Technologies and ChemTreat, which support applications such as laboratory and field testing, disinfection, water treatment and industrial water management.

The company's Product Quality & Innovation segment supplies technologies used in product identification, packaging design, color management and quality inspection.

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