S Bank Fund Management Ltd Invests $624,000 in Veralto Corporation $VLTO

Key Points

• S Bank Fund Management Ltd invested approximately $624,000 in Veralto Corporation ($VLTO), acquiring 6,185 shares during the 2nd quarter.
• Veralto's stock has seen a 12-month high of $115.00 and analysts maintain a consensus rating of "Moderate Buy" with an average target price of $113.43.
• The company has recently announced a quarterly dividend of $0.11 per share, representing an annualized dividend yield of 0.4%.

S Bank Fund Management Ltd bought a new position in Veralto Corporation (NYSE:VLTO - Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 6,185 shares of the company's stock, valued at approximately $624,000.

Several other institutional investors have also recently bought and sold shares of VLTO. Nuveen LLC bought a new position in Veralto in the 1st quarter worth approximately $172,399,000. Alliancebernstein L.P. raised its position in Veralto by 28.0% in the 1st quarter. Alliancebernstein L.P. now owns 6,235,563 shares of the company's stock worth $607,656,000 after purchasing an additional 1,363,502 shares during the last quarter. T. Rowe Price Investment Management Inc. raised its position in Veralto by 8.3% in the 1st quarter. T. Rowe Price Investment Management Inc. now owns 10,541,438 shares of the company's stock worth $1,027,264,000 after purchasing an additional 811,843 shares during the last quarter. JPMorgan Chase & Co. raised its position in Veralto by 26.8% in the 1st quarter. JPMorgan Chase & Co. now owns 3,223,571 shares of the company's stock worth $314,137,000 after purchasing an additional 682,123 shares during the last quarter. Finally, Robeco Institutional Asset Management B.V. raised its position in Veralto by 162.1% in the 2nd quarter. Robeco Institutional Asset Management B.V. now owns 1,064,810 shares of the company's stock worth $107,493,000 after purchasing an additional 658,529 shares during the last quarter. Institutional investors own 91.28% of the company's stock.

Analyst Ratings Changes

VLTO has been the subject of several research analyst reports. Stifel Nicolaus set a $120.00 price objective on shares of Veralto and gave the stock a "buy" rating in a research report on Wednesday, July 30th. Barclays dropped their target price on shares of Veralto from $120.00 to $119.00 and set an "overweight" rating for the company in a research report on Monday, October 6th. Raymond James Financial initiated coverage on shares of Veralto in a research report on Tuesday, August 26th. They set a "market perform" rating for the company. Weiss Ratings upgraded shares of Veralto from a "hold (c+)" rating to a "buy (b-)" rating in a research report on Wednesday, October 8th. Finally, Royal Bank Of Canada upped their target price on shares of Veralto from $104.00 to $108.00 and gave the company a "sector perform" rating in a research report on Wednesday, July 30th. Six analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $113.43.

Veralto Price Performance

VLTO opened at $101.78 on Friday. The company has a quick ratio of 2.06, a current ratio of 2.32 and a debt-to-equity ratio of 1.00. Veralto Corporation has a 12 month low of $83.86 and a 12 month high of $115.00. The company has a fifty day simple moving average of $106.16 and a 200 day simple moving average of $101.06. The stock has a market cap of $25.26 billion, a P/E ratio of 28.43, a P/E/G ratio of 3.36 and a beta of 0.90.

Veralto (NYSE:VLTO - Get Free Report) last released its quarterly earnings data on Monday, July 28th. The company reported $0.93 EPS for the quarter, beating analysts' consensus estimates of $0.89 by $0.04. Veralto had a net margin of 16.65% and a return on equity of 41.45%. The business had revenue of $1.37 billion during the quarter, compared to analysts' expectations of $1.34 billion. During the same quarter in the prior year, the company earned $0.85 EPS. The firm's quarterly revenue was up 6.4% on a year-over-year basis. 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 expect that Veralto Corporation will post 3.66 EPS for the current year.

Veralto Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 31st. Investors of record on Tuesday, September 30th will be given a $0.11 dividend. The ex-dividend date is Tuesday, September 30th. This represents a $0.44 dividend on an annualized basis and a dividend yield of 0.4%. Veralto's dividend payout ratio is currently 12.29%.

Insider Activity at Veralto

In related news, CEO Jennifer Honeycutt sold 10,646 shares of the company's stock in a transaction on Friday, August 29th. The shares were sold at an average price of $106.26, for a total value of $1,131,243.96. Following the completion of the sale, the chief executive officer owned 106,219 shares in the company, valued at $11,286,830.94. This represents a 9.11% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.36% of the stock is currently owned by corporate insiders.

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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