Veralto Corporation $VLTO Shares Sold by Ninety One UK Ltd

Key Points

• Ninety One UK Ltd reduced its stake in Veralto Corporation by 3.0%, now holding 102,317 shares valued at approximately $10.33 million.
• Veralto has announced a $0.11 quarterly dividend, to be paid on October 31st, representing an annualized yield of 0.4%.
• The company's Q2 earnings beat estimates, reporting $0.93 EPS against a forecast of $0.89, with revenues also exceeding expectations at $1.37 billion.

Ninety One UK Ltd cut its stake in Veralto Corporation (NYSE:VLTO - Free Report) by 3.0% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 102,317 shares of the company's stock after selling 3,127 shares during the period. Ninety One UK Ltd's holdings in Veralto were worth $10,329,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the stock. Brighton Jones LLC lifted its position in Veralto by 16.1% during the fourth quarter. Brighton Jones LLC now owns 3,459 shares of the company's stock valued at $352,000 after buying an additional 479 shares in the last quarter. Versant Capital Management Inc lifted its position in Veralto by 93.4% during the first quarter. Versant Capital Management Inc now owns 845 shares of the company's stock valued at $82,000 after buying an additional 408 shares in the last quarter. GAMMA Investing LLC lifted its position in Veralto by 9,610.3% during the first quarter. GAMMA Investing LLC now owns 409,387 shares of the company's stock valued at $39,895,000 after buying an additional 405,171 shares in the last quarter. Parallel Advisors LLC lifted its position in Veralto by 9.5% during the first quarter. Parallel Advisors LLC now owns 3,660 shares of the company's stock valued at $357,000 after buying an additional 317 shares in the last quarter. Finally, Rhumbline Advisers lifted its position in Veralto by 6.6% during the first quarter. Rhumbline Advisers now owns 496,371 shares of the company's stock valued at $48,371,000 after buying an additional 30,768 shares in the last quarter. 91.28% of the stock is owned by institutional investors and hedge funds.

Veralto Stock Down 0.5%

VLTO stock opened at $106.09 on Thursday. 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 1-year low of $83.86 and a 1-year high of $115.00. The firm has a fifty day moving average price of $106.51 and a two-hundred day moving average price of $100.62. The firm has a market cap of $26.33 billion, a price-to-earnings ratio of 29.63, a PEG ratio of 3.54 and a beta of 0.90.

Veralto (NYSE:VLTO - Get Free Report) last announced its quarterly earnings results on Monday, July 28th. The company reported $0.93 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.89 by $0.04. Veralto had a net margin of 16.65% and a return on equity of 41.45%. The company had revenue of $1.37 billion during the quarter, compared to the consensus estimate of $1.34 billion. During the same quarter in the previous year, the company posted $0.85 earnings per share. The company's revenue for the quarter 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. Research analysts predict that Veralto Corporation will post 3.66 EPS for the current year.

Veralto Announces Dividend

The business also recently disclosed 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. The ex-dividend date of this dividend is Tuesday, September 30th. This represents a $0.44 annualized dividend and a yield of 0.4%. Veralto's dividend payout ratio is presently 12.29%.

Analyst Upgrades and Downgrades

VLTO has been the topic of a number of recent research reports. Barclays initiated coverage on shares of Veralto in a research report on Friday, September 19th. They set an "overweight" rating and a $120.00 target price on the stock. Robert W. Baird boosted their target price on shares of Veralto from $106.00 to $112.00 and gave the stock a "neutral" rating in a research report on Wednesday, July 30th. Raymond James Financial initiated coverage on shares of Veralto in a research report on Tuesday, August 26th. They set a "market perform" rating on the stock. Stifel Nicolaus set a $120.00 target price on shares of Veralto and gave the stock a "buy" rating in a research report on Wednesday, July 30th. Finally, Royal Bank Of Canada boosted their target price on shares of Veralto from $104.00 to $108.00 and gave the stock a "sector perform" rating in a research report on Wednesday, July 30th. Five analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to MarketBeat.com, Veralto presently has a consensus rating of "Moderate Buy" and an average target price of $113.57.

Insiders Place Their Bets

In other Veralto news, CEO Jennifer Honeycutt sold 10,646 shares of the company's stock in a transaction dated Friday, August 29th. The shares were sold at an average price of $106.26, for a total value 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 approximately $11,286,830.94. This represents a 9.11% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.36% of the stock is owned by insiders.

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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