Strs Ohio Grows Position in Veralto Corporation $VLTO

Strs Ohio raised its stake in shares of Veralto Corporation (NYSE:VLTO - Free Report) by 322.9% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 24,111 shares of the company's stock after purchasing an additional 18,410 shares during the period. Strs Ohio's holdings in Veralto were worth $2,406,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the stock. Composition Wealth LLC acquired a new stake in shares of Veralto during the 4th quarter worth $235,000. Addison Capital Co grew its position in Veralto by 13.7% during the fourth quarter. Addison Capital Co now owns 25,183 shares of the company's stock valued at $2,513,000 after acquiring an additional 3,035 shares during the period. Horizon Investments LLC grew its position in Veralto by 7.7% during the fourth quarter. Horizon Investments LLC now owns 29,348 shares of the company's stock valued at $2,928,000 after acquiring an additional 2,097 shares during the period. Danske Bank A S increased its stake in Veralto by 18.8% during the fourth quarter. Danske Bank A S now owns 196,159 shares of the company's stock worth $19,573,000 after acquiring an additional 31,070 shares during the last quarter. Finally, Citizens Business Bank grew its holdings in shares of Veralto by 3.4% during the 4th quarter. Citizens Business Bank now owns 35,084 shares of the company's stock worth $3,501,000 after purchasing an additional 1,139 shares during the period. Institutional investors and hedge funds own 91.28% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on VLTO shares. Jefferies Financial Group initiated coverage on shares of Veralto in a research report on Tuesday, March 31st. They set a "buy" rating and a $110.00 price target on the stock. Royal Bank Of Canada upped their price target on shares of Veralto from $99.00 to $100.00 and gave the stock a "sector perform" rating in a research report on Thursday, April 30th. Citigroup cut their price objective on Veralto from $104.00 to $102.00 and set a "neutral" rating on the stock in a research report on Thursday, April 30th. Robert W. Baird set a $103.00 price objective on Veralto in a research note on Thursday, April 30th. Finally, UBS Group increased their target price on Veralto from $99.00 to $101.00 and gave the company a "neutral" rating in a research note on Friday, May 1st. Five investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat, Veralto currently has an average rating of "Hold" and an average price target of $105.88.

Veralto Trading Down 0.1%

NYSE:VLTO opened at $88.15 on Wednesday. The stock has a market cap of $21.65 billion, a price-to-earnings ratio of 22.78, a price-to-earnings-growth ratio of 2.49 and a beta of 0.77. Veralto Corporation has a one year low of $84.99 and a one year high of $110.11. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.32 and a current ratio of 1.48. The business's 50-day simple moving average is $90.46 and its 200 day simple moving average is $96.32.

Veralto (NYSE:VLTO - Get Free Report) last issued its quarterly earnings results on Tuesday, April 28th. The company reported $1.07 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.02 by $0.05. The business had revenue of $1.42 billion during the quarter, compared to analyst estimates of $1.40 billion. Veralto had a net margin of 17.33% and a return on equity of 34.63%. The business's revenue was up 6.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.95 earnings per share. Veralto has set its FY 2026 guidance at 4.200-4.280 EPS and its Q2 2026 guidance at 0.960-1.000 EPS. As a group, sell-side analysts predict that Veralto Corporation will post 4.23 earnings per share for the current fiscal year.

Veralto Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, April 30th. Investors of record on Tuesday, March 31st were issued a dividend of $0.13 per share. The ex-dividend date of this dividend was Tuesday, March 31st. This represents a $0.52 annualized dividend and a yield of 0.6%. Veralto's payout ratio is presently 13.44%.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.