Vanguard Personalized Indexing Management LLC Boosts Position in Veralto Corporation $VLTO

Key Points

• Vanguard Personalized Indexing Management LLC increased its stake in Veralto Corporation by 27.8%, owning 31,259 shares valued at approximately $3.2 million.
• CEO Jennifer Honeycutt sold over 10,600 shares for approximately $1.13 million, resulting in a decrease of her ownership by 9.11%.
• Veralto's recent earnings report showed a profit of $0.93 EPS, beating estimates, with a revenue of $1.37 billion for the quarter, indicating a 6.4% year-over-year increase.

Vanguard Personalized Indexing Management LLC boosted its position in shares of Veralto Corporation (NYSE:VLTO - Free Report) by 27.8% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 31,259 shares of the company's stock after acquiring an additional 6,802 shares during the quarter. Vanguard Personalized Indexing Management LLC's holdings in Veralto were worth $3,195,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Truvestments Capital LLC increased its position in Veralto by 148.5% during the first quarter. Truvestments Capital LLC now owns 328 shares of the company's stock valued at $32,000 after acquiring an additional 196 shares during the last quarter. Ameritas Advisory Services LLC purchased a new stake in Veralto during the second quarter valued at $51,000. Grove Bank & Trust grew its holdings in Veralto by 198.2% during the first quarter. Grove Bank & Trust now owns 510 shares of the company's stock valued at $50,000 after purchasing an additional 339 shares during the period. Cloud Capital Management LLC bought a new stake in Veralto during the first quarter valued at about $64,000. Finally, Marshall & Sullivan Inc. WA bought a new stake in Veralto during the second quarter valued at about $74,000. Hedge funds and other institutional investors own 91.28% of the company's stock.

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 stock was sold at an average price of $106.26, for a total transaction of $1,131,243.96. Following the completion of the transaction, the chief executive officer directly owned 106,219 shares of the company's stock, valued at approximately $11,286,830.94. This represents a 9.11% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.36% of the company's stock.

Analyst Upgrades and Downgrades

VLTO has been the subject of several recent research reports. Weiss Ratings raised Veralto from a "hold (c+)" rating to a "buy (b-)" rating in a report on Wednesday, October 8th. Royal Bank Of Canada boosted their price target on Veralto from $104.00 to $108.00 and gave the company a "sector perform" rating in a report on Wednesday, July 30th. Barclays cut their price target on Veralto from $120.00 to $119.00 and set an "overweight" rating for the company in a report on Monday, October 6th. Raymond James Financial initiated coverage on Veralto in a report on Tuesday, August 26th. They set a "market perform" rating for the company. Finally, Wolfe Research raised Veralto from a "hold" rating to a "strong-buy" rating in a 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. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $113.43.

Veralto Stock Performance

NYSE VLTO opened at $101.99 on Wednesday. The firm has a market cap of $25.31 billion, a price-to-earnings ratio of 28.49, a price-to-earnings-growth ratio of 3.35 and a beta of 0.90. The company has a quick ratio of 2.06, a current ratio of 2.32 and a debt-to-equity ratio of 1.00. The business has a 50-day moving average price of $106.39 and a 200-day moving average price of $101.02. Veralto Corporation has a twelve month low of $83.86 and a twelve month high of $115.00.

Veralto (NYSE:VLTO - Get Free Report) last announced its quarterly earnings results 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 return on equity of 41.45% and a net margin of 16.65%.The company had revenue of $1.37 billion during the quarter, compared to analyst estimates of $1.34 billion. During the same period in the prior year, the company earned $0.85 earnings per share. The firm's 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. As a group, equities research analysts predict that Veralto Corporation will post 3.66 EPS for the current fiscal year.

Veralto Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, October 31st. Investors of record on Tuesday, September 30th will be paid 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%.

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.

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