Veralto Corporation $VLTO Shares Bought by WealthPlan Investment Management LLC

Key Points

• WealthPlan Investment Management LLC increased its stake in Veralto Corporation by 26.6% during the 2nd quarter, bringing their holdings to 29,156 shares valued at approximately $2.94 million.
• The CEO, Jennifer Honeycutt, sold 10,646 shares of the company at a price of $106.26, resulting in a 9.11% decrease in her ownership of Veralto stock.
• Veralto has recently declared a quarterly dividend of $0.11 per share, with a projected dividend yield of 0.4% for investors of record on September 30th.

WealthPlan Investment Management LLC grew its position in Veralto Corporation (NYSE:VLTO - Free Report) by 26.6% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 29,156 shares of the company's stock after buying an additional 6,130 shares during the period. WealthPlan Investment Management LLC's holdings in Veralto were worth $2,943,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in VLTO. Truvestments Capital LLC increased its holdings in shares of Veralto by 148.5% during the 1st quarter. Truvestments Capital LLC now owns 328 shares of the company's stock worth $32,000 after buying an additional 196 shares during the last quarter. Grove Bank & Trust lifted its stake in shares of Veralto by 198.2% in the 1st 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 last quarter. Ameritas Advisory Services LLC acquired a new position in shares of Veralto in the 2nd quarter valued at $51,000. Cloud Capital Management LLC acquired a new position in shares of Veralto in the 1st quarter valued at $64,000. Finally, Marshall & Sullivan Inc. WA acquired a new position in shares of Veralto in the 2nd quarter valued at $74,000. Institutional investors and hedge funds own 91.28% of the company's stock.

Insider Buying and Selling at Veralto

In related news, CEO Jennifer Honeycutt sold 10,646 shares of the stock in a transaction 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 sale, the chief executive officer directly owned 106,219 shares of the company's stock, valued at $11,286,830.94. This trade represents a 9.11% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.36% of the stock is currently owned by corporate insiders.

Veralto Stock Down 0.2%

Shares of NYSE:VLTO opened at $101.82 on Thursday. The firm's 50 day moving average price is $106.27 and its 200 day moving average price is $101.03. The stock has a market cap of $25.27 billion, a price-to-earnings ratio of 28.44, a price-to-earnings-growth ratio of 3.36 and a beta of 0.90. Veralto Corporation has a fifty-two week low of $83.86 and a fifty-two week high of $115.00. 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 (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. The company had revenue of $1.37 billion for the quarter, compared to analyst estimates of $1.34 billion. Veralto had a net margin of 16.65% and a return on equity of 41.45%. The firm's revenue was up 6.4% on a year-over-year basis. During the same period in the prior year, the firm posted $0.85 earnings per share. 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 earnings per share for the current fiscal year.

Veralto Announces Dividend

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

Analysts Set New Price Targets

A number of research analysts have commented on VLTO shares. Royal Bank Of Canada upped their target price 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. Robert W. Baird upped their target price on shares of Veralto from $106.00 to $112.00 and gave the company a "neutral" rating in a research report on Wednesday, July 30th. Wolfe Research raised shares of Veralto from a "hold" rating to a "strong-buy" 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 issued a "market perform" rating on the stock. Finally, Barclays decreased their target price on shares of Veralto from $120.00 to $119.00 and set an "overweight" rating on the stock in a research report on Monday, October 6th. Six investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat, Veralto has an average rating of "Moderate Buy" and a consensus price target of $113.43.

Veralto 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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