Veralto Corporation $VLTO Shares Acquired by Swedbank AB

Key Points

• Swedbank AB increased its stake in Veralto Corporation by 12.8%, now holding 1,428,549 shares valued at approximately $144 million.
• Analyst ratings for Veralto are mostly positive, with several firms issuing buy ratings and a target price range of $108.00 to $120.00.
• Veralto reported a strong quarterly performance, beating earnings estimates with a return on equity of 41.45% and revenues of $1.37 billion.

Swedbank AB lifted its stake in Veralto Corporation (NYSE:VLTO - Free Report) by 12.8% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 1,428,549 shares of the company's stock after acquiring an additional 162,333 shares during the quarter. Swedbank AB owned 0.58% of Veralto worth $144,212,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in VLTO. Sumitomo Mitsui DS Asset Management Company Ltd increased its position in shares of Veralto by 4.2% in the 2nd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 81,686 shares of the company's stock valued at $8,246,000 after purchasing an additional 3,287 shares during the last quarter. Focus Financial Network Inc. purchased a new position in shares of Veralto in the 2nd quarter valued at $259,000. Sivia Capital Partners LLC purchased a new position in shares of Veralto in the 2nd quarter valued at $201,000. Pallas Capital Advisors LLC acquired a new stake in Veralto during the 2nd quarter worth $652,000. Finally, Mirador Capital Partners LP boosted its stake in Veralto by 2.1% during the 2nd quarter. Mirador Capital Partners LP now owns 7,579 shares of the company's stock worth $765,000 after purchasing an additional 153 shares during the period. 91.28% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on VLTO shares. Robert W. Baird increased their price target on shares of Veralto from $106.00 to $112.00 and gave the stock a "neutral" rating in a research note on Wednesday, July 30th. Raymond James Financial began coverage on shares of Veralto in a research note on Tuesday, August 26th. They issued a "market perform" rating for the company. Barclays began coverage on shares of Veralto in a research note on Friday. They issued an "overweight" rating and a $120.00 target price for the company. Wolfe Research upgraded shares of Veralto from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, July 30th. Finally, Stifel Nicolaus set a $120.00 target price on shares of Veralto and gave the stock a "buy" rating in a research note on Wednesday, July 30th. Six analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $114.25.

Insider Activity at Veralto

In other news, CEO Jennifer Honeycutt sold 10,646 shares of Veralto stock in a transaction dated 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 directly owned 106,219 shares in the company, valued at $11,286,830.94. The trade was a 9.11% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 0.36% of the stock is currently owned by company insiders.

Veralto Price Performance

NYSE:VLTO traded down $0.08 during mid-day trading on Friday, hitting $106.98. 3,165,211 shares of the company's stock traded hands, compared to its average volume of 1,066,385. The company has a debt-to-equity ratio of 1.00, a quick ratio of 2.06 and a current ratio of 2.32. The firm's 50 day simple moving average is $105.97 and its 200 day simple moving average is $100.22. Veralto Corporation has a 1 year low of $83.86 and a 1 year high of $115.00. The company has a market cap 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.

Veralto (NYSE:VLTO - Get Free Report) last posted its earnings results on Monday, July 28th. The company reported $0.93 earnings per share for the quarter, beating the consensus estimate of $0.89 by $0.04. The firm had revenue of $1.37 billion during 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 firm's revenue for the quarter was up 6.4% on a year-over-year basis. During the same period last year, the firm posted $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. Sell-side analysts expect that Veralto Corporation will post 3.66 EPS for the current year.

Veralto Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, October 31st. Stockholders of record on Tuesday, September 30th will be issued a dividend of $0.11 per share. 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 payout ratio is 12.29%.

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.