Veralto Corporation $VLTO Shares Bought by Defender Capital LLC.

Key Points

• Defender Capital LLC increased its stake in Veralto Corporation by 9.2% during the second quarter, owning a total of 172,870 shares valued at approximately $17.45 million.
• Veralto's CEO Jennifer Honeycutt sold 10,646 shares at an average price of $106.26, reducing her ownership by 9.11%.
• The company reported earnings of $0.93 per share for the last quarter, exceeding expectations and showing a 6.4% year-over-year revenue increase.

Defender Capital LLC. grew its stake in shares of Veralto Corporation (NYSE:VLTO - Free Report) by 9.2% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 172,870 shares of the company's stock after acquiring an additional 14,586 shares during the quarter. Veralto comprises about 5.9% of Defender Capital LLC.'s holdings, making the stock its 7th largest position. Defender Capital LLC. owned 0.07% of Veralto worth $17,451,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently modified their holdings of the company. Royal Bank of Canada increased its stake in shares of Veralto by 13.1% during the 1st quarter. Royal Bank of Canada now owns 1,177,453 shares of the company's stock valued at $114,741,000 after acquiring an additional 136,708 shares during the last quarter. Cambridge Investment Research Advisors Inc. increased its stake in shares of Veralto by 1.3% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 8,784 shares of the company's stock valued at $856,000 after acquiring an additional 113 shares during the last quarter. Allspring Global Investments Holdings LLC increased its stake in shares of Veralto by 9.4% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 26,833 shares of the company's stock valued at $2,619,000 after acquiring an additional 2,313 shares during the last quarter. Assenagon Asset Management S.A. increased its position in Veralto by 3.0% during the 1st quarter. Assenagon Asset Management S.A. now owns 14,544 shares of the company's stock worth $1,417,000 after purchasing an additional 429 shares in the last quarter. Finally, Alliancebernstein L.P. increased its position in Veralto by 28.0% during 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 in the last quarter. Institutional investors and hedge funds own 91.28% of the company's stock.

Insider Buying and Selling at Veralto

In other news, CEO Jennifer Honeycutt sold 10,646 shares of the firm's stock in a transaction that occurred 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 sale, the chief executive officer owned 106,219 shares of the company's stock, valued at approximately $11,286,830.94. This trade represents a 9.11% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.36% of the company's stock.

Veralto Stock Down 0.3%

Shares of NYSE:VLTO opened at $101.59 on Tuesday. 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 52-week low of $83.86 and a 52-week high of $115.00. The company has a 50 day moving average of $106.48 and a two-hundred day moving average of $101.02. The company has a market capitalization of $25.21 billion, a price-to-earnings ratio of 28.38, a price-to-earnings-growth ratio of 3.36 and a beta of 0.90.

Veralto (NYSE:VLTO - Get Free Report) last issued its quarterly earnings data on Monday, July 28th. The company reported $0.93 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.89 by $0.04. Veralto had a net margin of 16.65% and a return on equity of 41.45%. The company had revenue of $1.37 billion during the quarter, compared to the consensus estimate of $1.34 billion. During the same quarter last year, the company earned $0.85 earnings per share. Veralto's revenue for the quarter 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, analysts forecast that Veralto Corporation will post 3.66 earnings per share for the current fiscal year.

Veralto Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, October 31st. Stockholders of record on Tuesday, September 30th will be given 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 dividend yield of 0.4%. Veralto's dividend payout ratio (DPR) is presently 12.29%.

Analysts Set New Price Targets

A number of analysts recently issued reports on VLTO shares. Weiss Ratings raised shares of Veralto from a "hold (c+)" rating to a "buy (b-)" rating in a research report on Wednesday, October 8th. 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. Royal Bank Of Canada increased their target price on shares of Veralto from $104.00 to $108.00 and gave the stock a "sector perform" rating in a research report on Wednesday, July 30th. Raymond James Financial started coverage on shares of Veralto in a research report on Tuesday, August 26th. They set a "market perform" rating for the company. Finally, Stifel Nicolaus set a $120.00 target price on shares of Veralto and gave the stock a "buy" rating in a research report on Wednesday, July 30th. Six analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $113.43.

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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