IFM Investors Pty Ltd Purchases 3,121 Shares of Veralto Corporation $VLTO

Key Points

• IFM Investors Pty Ltd increased its holdings in Veralto Corporation by 6.5% during the 2nd quarter, owning a total of 51,020 shares valued at approximately $5.15 million.
• CEO Jennifer Honeycutt sold 10,646 shares at an average price of $106.26, reducing her position by 9.11%, while insider ownership accounts for 0.36% of Veralto's stock.
• Veralto recently declared a quarterly dividend of $0.11 per share, representing an annualized dividend yield of 0.4% and a payout ratio of 12.29%.

IFM Investors Pty Ltd lifted its position in Veralto Corporation (NYSE:VLTO - Free Report) by 6.5% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 51,020 shares of the company's stock after acquiring an additional 3,121 shares during the quarter. IFM Investors Pty Ltd's holdings in Veralto were worth $5,150,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Park Avenue Securities LLC grew its position in shares of Veralto by 11.5% in the 1st quarter. Park Avenue Securities LLC now owns 19,213 shares of the company's stock worth $1,872,000 after buying an additional 1,985 shares during the last quarter. Royal Bank of Canada grew its holdings in Veralto by 13.1% in the first quarter. Royal Bank of Canada now owns 1,177,453 shares of the company's stock worth $114,741,000 after purchasing an additional 136,708 shares during the last quarter. Cambridge Investment Research Advisors Inc. increased its position in shares of Veralto by 1.3% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 8,784 shares of the company's stock worth $856,000 after purchasing an additional 113 shares in the last quarter. Allspring Global Investments Holdings LLC increased its position in shares of Veralto by 9.4% during the first quarter. Allspring Global Investments Holdings LLC now owns 26,833 shares of the company's stock worth $2,619,000 after purchasing an additional 2,313 shares in the last quarter. Finally, Assenagon Asset Management S.A. lifted its holdings in shares of Veralto by 3.0% during the 1st quarter. Assenagon Asset Management S.A. now owns 14,544 shares of the company's stock valued at $1,417,000 after purchasing an additional 429 shares during the last quarter. Hedge funds and other institutional investors own 91.28% of the company's stock.

Veralto Price Performance

Shares of NYSE VLTO traded down $1.00 on Monday, hitting $105.90. The company's stock had a trading volume of 1,353,050 shares, compared to its average volume of 1,169,225. The company has a debt-to-equity ratio of 1.00, a current ratio of 2.32 and a quick ratio of 2.06. Veralto Corporation has a 12-month low of $83.86 and a 12-month high of $115.00. The company has a market capitalization of $26.28 billion, a price-to-earnings ratio of 28.74, a price-to-earnings-growth ratio of 3.55 and a beta of 0.91. The stock has a 50 day moving average of $106.05 and a 200-day moving average of $100.27.

Veralto (NYSE:VLTO - Get Free Report) last released its quarterly earnings results on Monday, July 28th. The company reported $0.93 earnings per share for the quarter, topping 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 during the quarter, compared to the consensus estimate of $1.34 billion. During the same quarter last year, the business posted $0.85 earnings per share. Veralto's revenue 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 business 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 dividend on an annualized basis and a yield of 0.4%. The ex-dividend date is Tuesday, September 30th. Veralto's payout ratio is presently 12.29%.

Insider Transactions at Veralto

In other Veralto news, CEO Jennifer Honeycutt sold 10,646 shares of the company's stock in a transaction dated 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 sale, the chief executive officer directly owned 106,219 shares in the company, valued at $11,286,830.94. This represents a 9.11% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Company insiders own 0.36% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the company. Robert W. Baird lifted their price target on Veralto from $106.00 to $112.00 and gave the stock a "neutral" rating in a research report on Wednesday, July 30th. Royal Bank Of Canada raised their target price on Veralto from $104.00 to $108.00 and gave the company a "sector perform" rating in a research report on Wednesday, July 30th. Stifel Nicolaus set a $120.00 price objective on Veralto and gave the company a "buy" rating in a research report on Wednesday, July 30th. Raymond James Financial began coverage on Veralto in a research report on Tuesday, August 26th. They set a "market perform" rating on the stock. Finally, Barclays assumed coverage on shares of Veralto in a research report on Friday. They set an "overweight" rating and a $120.00 price objective for the company. Six investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company's stock. According to MarketBeat, Veralto currently has a consensus rating of "Moderate Buy" and a consensus price target of $114.25.

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.