Veralto Corporation $VLTO Position Boosted by QRG Capital Management Inc.

Key Points

• QRG Capital Management Inc. increased its stake in Veralto Corporation by 9.9%, now holding 26,674 shares valued at approximately $2.69 million.
• Veralto reported a 6.4% year-over-year revenue growth for the last quarter, achieving $1.37 billion in revenue, and beat earnings estimates with an EPS of $0.93.
• The company announced a quarterly dividend of $0.11 per share, representing a 0.4% yield, with an ex-dividend date set for September 30th.

QRG Capital Management Inc. lifted its stake in Veralto Corporation (NYSE:VLTO - Free Report) by 9.9% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 26,674 shares of the company's stock after purchasing an additional 2,402 shares during the quarter. QRG Capital Management Inc.'s holdings in Veralto were worth $2,693,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in VLTO. Brighton Jones LLC increased its stake in Veralto by 16.1% in the 4th quarter. Brighton Jones LLC now owns 3,459 shares of the company's stock valued at $352,000 after buying an additional 479 shares during the period. Merit Financial Group LLC grew its holdings in shares of Veralto by 55.6% during the 1st quarter. Merit Financial Group LLC now owns 5,536 shares of the company's stock valued at $539,000 after acquiring an additional 1,979 shares in the last quarter. Park Avenue Securities LLC increased its stake in shares of Veralto by 11.5% in the first quarter. Park Avenue Securities LLC now owns 19,213 shares of the company's stock worth $1,872,000 after acquiring an additional 1,985 shares during the last quarter. Farther Finance Advisors LLC increased its stake in shares of Veralto by 12.8% in the first quarter. Farther Finance Advisors LLC now owns 2,938 shares of the company's stock worth $287,000 after acquiring an additional 333 shares during the last quarter. Finally, Yousif Capital Management LLC raised its holdings in shares of Veralto by 26.9% during the first quarter. Yousif Capital Management LLC now owns 37,754 shares of the company's stock worth $3,679,000 after acquiring an additional 7,992 shares in the last quarter. 91.28% of the stock is owned by hedge funds and other institutional investors.

Veralto Stock Down 1.0%

Shares of VLTO stock opened at $106.10 on Tuesday. The stock's 50 day simple moving average is $106.71 and its 200 day simple moving average is $100.83. Veralto Corporation has a twelve month low of $83.86 and a twelve month high of $115.00. 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 company has a market capitalization of $26.33 billion, a price-to-earnings ratio of 29.64, a PEG ratio of 3.56 and a beta of 0.90.

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 the consensus estimate 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 for the quarter, compared to the consensus estimate of $1.34 billion. During the same quarter last year, the company posted $0.85 earnings per share. The company's revenue for the quarter was up 6.4% compared to the same quarter last year. 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, research analysts predict that Veralto Corporation will post 3.66 EPS for the current year.

Veralto Dividend Announcement

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

Analysts Set New Price Targets

A number of research analysts have commented on VLTO shares. Wolfe Research upgraded Veralto from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, July 30th. Raymond James Financial started coverage on Veralto in a research note on Tuesday, August 26th. They issued a "market perform" rating for the company. Stifel Nicolaus set a $120.00 price objective on Veralto and gave the stock a "buy" rating in a report on Wednesday, July 30th. Royal Bank Of Canada raised their price objective 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. Finally, Robert W. Baird boosted their target price on shares of Veralto from $106.00 to $112.00 and gave the stock a "neutral" rating in a research report on Wednesday, July 30th. Five equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $113.43.

Insider Buying and Selling

In other Veralto news, CEO Jennifer Honeycutt sold 10,646 shares of the business's stock in a transaction on 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 transaction, the chief executive officer owned 106,219 shares of the company's stock, valued at $11,286,830.94. The trade was a 9.11% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.36% of the stock is owned by company insiders.

About Veralto

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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