Veralto Corporation $VLTO Shares Bought by KLP Kapitalforvaltning AS

Key Points

• KLP Kapitalforvaltning AS increased its holdings in Veralto Corporation by 27.0%, owning approximately 134,249 shares valued at $13.57 million as of its last SEC filing.
• Veralto announced a quarterly dividend of $0.11 per share, with the payment scheduled for October 31st, and a payout ratio of 12.29%.
• Despite a recent stock price decline of 0.7%, Veralto's shares have a consensus rating of "Moderate Buy" with an average price target of $113.43.

KLP Kapitalforvaltning AS grew its position in shares of Veralto Corporation (NYSE:VLTO - Free Report) by 27.0% during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 134,249 shares of the company's stock after purchasing an additional 28,500 shares during the period. KLP Kapitalforvaltning AS owned approximately 0.05% of Veralto worth $13,565,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Park Avenue Securities LLC raised 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 valued at $1,872,000 after acquiring an additional 1,985 shares in the last quarter. Royal Bank of Canada raised its stake in shares of Veralto by 13.1% in the first 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 in the last quarter. Cambridge Investment Research Advisors Inc. raised its stake in shares of Veralto by 1.3% in the first 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 in the last quarter. Allspring Global Investments Holdings LLC raised its stake in shares of Veralto by 9.4% in the first 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 in the last quarter. Finally, Assenagon Asset Management S.A. raised its stake in shares of Veralto by 3.0% in the first quarter. Assenagon Asset Management S.A. now owns 14,544 shares of the company's stock valued at $1,417,000 after acquiring an additional 429 shares in the last quarter. 91.28% of the stock is currently owned by institutional investors and hedge funds.

Veralto Stock Down 0.7%

VLTO opened at $104.10 on Thursday. The business's 50-day simple moving average is $106.68 and its 200-day simple moving average is $100.88. The company has a debt-to-equity ratio of 1.00, a quick ratio of 2.06 and a current ratio of 2.32. Veralto Corporation has a one year low of $83.86 and a one year high of $115.00. The stock has a market capitalization of $25.83 billion, a P/E ratio of 29.08, a price-to-earnings-growth ratio of 3.48 and a beta of 0.90.

Veralto (NYSE:VLTO - Get Free Report) last posted its earnings results on Monday, July 28th. The company reported $0.93 EPS for the quarter, topping 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 business had revenue of $1.37 billion for the quarter, compared to analysts' expectations of $1.34 billion. During the same quarter in the previous year, the firm earned $0.85 earnings per share. The business'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. Analysts anticipate that Veralto Corporation will post 3.66 EPS for the current year.

Veralto Announces Dividend

The company also recently announced 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 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%.

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

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on VLTO. Weiss Ratings upgraded Veralto from a "hold (c+)" rating to a "buy (b-)" rating in a research note on Wednesday. Robert W. Baird raised their price target on Veralto from $106.00 to $112.00 and gave the company a "neutral" rating in a research note on Wednesday, July 30th. Barclays cut their price target on Veralto from $120.00 to $119.00 and set an "overweight" rating on the stock in a research note on Monday. Royal Bank Of Canada raised their price target on Veralto from $104.00 to $108.00 and gave the company a "sector perform" rating in a research note on Wednesday, July 30th. Finally, Wolfe Research upgraded Veralto from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, July 30th. Six equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target 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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