Community Financial Services Group LLC decreased its position in shares of Veralto Corporation (NYSE:VLTO - Free Report) by 32.7% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 37,615 shares of the company's stock after selling 18,305 shares during the period. Community Financial Services Group LLC's holdings in Veralto were worth $3,398,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Defender Capital LLC. lifted its holdings in Veralto by 3.7% in the 2nd quarter. Defender Capital LLC. now owns 248,501 shares of the company's stock worth $22,037,000 after buying an additional 8,868 shares in the last quarter. Valeo Financial Advisors LLC grew its stake in shares of Veralto by 5.0% during the second quarter. Valeo Financial Advisors LLC now owns 2,751 shares of the company's stock valued at $244,000 after acquiring an additional 131 shares in the last quarter. Czech National Bank increased its position in shares of Veralto by 3.4% during the second quarter. Czech National Bank now owns 69,907 shares of the company's stock worth $6,199,000 after acquiring an additional 2,284 shares during the last quarter. PensionDanmark Pensionsforsikringsaktieselskab increased its position in shares of Veralto by 8.1% during the second quarter. PensionDanmark Pensionsforsikringsaktieselskab now owns 57,266 shares of the company's stock worth $5,078,000 after acquiring an additional 4,304 shares during the last quarter. Finally, Sarasin & Partners LLP lifted its stake in shares of Veralto by 36.4% in the second quarter. Sarasin & Partners LLP now owns 14,600 shares of the company's stock worth $1,295,000 after acquiring an additional 3,900 shares in the last quarter. Hedge funds and other institutional investors own 91.28% of the company's stock.
Insider Activity
In other news, CEO Jennifer Honeycutt sold 7,097 shares of the company's stock in a transaction dated Wednesday, July 29th. The shares were sold at an average price of $101.52, for a total transaction of $720,487.44. Following the completion of the transaction, the chief executive officer owned 124,085 shares in the company, valued at approximately $12,597,109.20. This represents a 5.41% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 0.43% of the company's stock.
Veralto Stock Performance
Shares of VLTO stock opened at $97.17 on Tuesday. The company has a market cap of $23.69 billion, a P/E ratio of 24.54, a PEG ratio of 2.67 and a beta of 0.60. The business has a 50 day moving average of $90.12 and a two-hundred day moving average of $90.60. Veralto Corporation has a 52 week low of $80.03 and a 52 week high of $110.11. The company has a quick ratio of 1.61, a current ratio of 1.78 and a debt-to-equity ratio of 0.86.
Veralto (NYSE:VLTO - Get Free Report) last announced its quarterly earnings results on Tuesday, July 28th. The company reported $1.11 earnings per share for the quarter, topping analysts' consensus estimates of $1.01 by $0.10. Veralto had a return on equity of 34.76% and a net margin of 17.35%.The business had revenue of $1.47 billion for the quarter, compared to analysts' expectations of $1.45 billion. During the same period in the prior year, the firm earned $0.93 EPS. The business's quarterly revenue was up 7.5% on a year-over-year basis. Veralto has set its FY 2026 guidance at 4.350-4.430 EPS and its Q3 2026 guidance at 1.060-1.090 EPS. As a group, analysts anticipate that Veralto Corporation will post 4.4 EPS for the current year.
Veralto Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Friday, July 31st. Stockholders of record on Tuesday, June 30th were issued a dividend of $0.13 per share. The ex-dividend date of this dividend was Tuesday, June 30th. This represents a $0.52 annualized dividend and a dividend yield of 0.5%. Veralto's payout ratio is 13.13%.
Analysts Set New Price Targets
VLTO has been the subject of a number of analyst reports. Robert W. Baird set a $111.00 price target on Veralto in a report on Thursday, July 30th. UBS Group upped their target price on Veralto from $98.00 to $104.00 and gave the company a "neutral" rating in a research report on Thursday, July 30th. Royal Bank Of Canada increased their target price on Veralto from $100.00 to $109.00 and gave the company a "sector perform" rating in a research note on Thursday, July 30th. Wolfe Research reissued an "outperform" rating and set a $109.00 price target on shares of Veralto in a research report on Thursday, July 9th. Finally, BNP Paribas Exane restated an "outperform" rating and issued a $120.00 price target (up from $115.00) on shares of Veralto in a research note on Thursday, July 30th. Six equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company's stock. According to MarketBeat.com, Veralto currently has an average rating of "Moderate Buy" and an average target price of $110.90.
Check Out Our Latest Research Report on Veralto
Veralto Profile
(
Free Report)
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. This segment provides water solutions, including chemical reagents, services, and digital solutions.
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