Veralto Corporation $VLTO Shares Sold by Loring Wolcott & Coolidge Fiduciary Advisors LLP MA

Key Points

• Loring Wolcott & Coolidge Fiduciary Advisors LLP MA has decreased its holdings in Veralto Corporation (NYSE: VLTO) by 3.2%, now owning approximately 473,883 shares valued at $47.8 million.
• Veralto reported a Q2 2023 EPS of $0.93, exceeding analysts' expectations of $0.89, along with a year-over-year revenue growth of 6.4%.
• The company has announced a quarterly dividend of $0.11 per share, with shareholders of record eligible for payment on October 31st.

Loring Wolcott & Coolidge Fiduciary Advisors LLP MA trimmed its holdings in Veralto Corporation (NYSE:VLTO - Free Report) by 3.2% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 473,883 shares of the company's stock after selling 15,674 shares during the period. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA owned about 0.19% of Veralto worth $47,839,000 as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in VLTO. Baldwin Investment Management LLC raised its position in shares of Veralto by 3.4% during the 1st quarter. Baldwin Investment Management LLC now owns 3,219 shares of the company's stock valued at $314,000 after acquiring an additional 106 shares in the last quarter. Cambridge Investment Research Advisors Inc. raised its position 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 in the last quarter. Phoenix Financial Ltd. raised its position in shares of Veralto by 2.9% during the 1st quarter. Phoenix Financial Ltd. now owns 4,644 shares of the company's stock valued at $454,000 after acquiring an additional 132 shares in the last quarter. Meiji Yasuda Asset Management Co Ltd. raised its position in shares of Veralto by 3.6% during the 1st quarter. Meiji Yasuda Asset Management Co Ltd. now owns 3,883 shares of the company's stock valued at $378,000 after acquiring an additional 134 shares in the last quarter. Finally, Huntleigh Advisors Inc. raised its position in shares of Veralto by 0.5% during the 2nd quarter. Huntleigh Advisors Inc. now owns 28,286 shares of the company's stock valued at $2,856,000 after acquiring an additional 134 shares in the last quarter. 91.28% of the stock is owned by institutional investors and hedge funds.

Veralto Price Performance

Shares of VLTO opened at $103.71 on Thursday. The company has a market cap of $25.74 billion, a P/E ratio of 28.97, a PEG ratio of 3.42 and a beta of 0.90. The stock has a fifty day moving average price of $105.78 and a 200 day moving average price of $101.30. 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.

Veralto (NYSE:VLTO - Get Free Report) last issued its quarterly earnings data on Monday, July 28th. The company reported $0.93 EPS for the quarter, topping analysts' consensus estimates of $0.89 by $0.04. The firm had revenue of $1.37 billion during the quarter, compared to the consensus estimate of $1.34 billion. Veralto had a return on equity of 41.45% and a net margin of 16.65%.The firm's revenue was up 6.4% on a year-over-year basis. During the same period in the prior year, the business earned $0.85 EPS. Veralto has set its FY 2025 guidance at 3.720-3.800 EPS. Q3 2025 guidance at 0.910-0.950 EPS. On average, research analysts forecast that Veralto Corporation will post 3.66 earnings per share for the current year.

Veralto Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 31st. Shareholders of record on Tuesday, September 30th will be given a dividend of $0.11 per share. 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 12.29%.

Insider Transactions at Veralto

In other Veralto news, CEO Jennifer Honeycutt sold 10,646 shares of the business's 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 transaction, 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 position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 0.36% of the company's stock.

Analyst Upgrades and Downgrades

VLTO has been the topic of several research reports. Raymond James Financial initiated coverage on Veralto in a research report on Tuesday, August 26th. They set a "market perform" rating on the stock. Wolfe Research raised Veralto from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, July 30th. Robert W. Baird upped their price target on Veralto from $106.00 to $112.00 and gave the company a "neutral" rating in a research report on Wednesday, July 30th. Barclays dropped their price target on Veralto from $120.00 to $119.00 and set an "overweight" rating on the stock in a research report on Monday, October 6th. Finally, Weiss Ratings raised Veralto from a "hold (c+)" rating to a "buy (b-)" rating in a research report on Wednesday, October 8th. Six investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus 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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