Swedbank AB Sells 108,920 Shares of Veralto Corporation $VLTO

Key Points

• Swedbank AB has reduced its stake in Veralto Corporation by 7.9%, selling 108,920 shares, which leaves it holding approximately 1,266,216 shares valued at about $123.39 million.
• CEO Jennifer Honeycutt sold 10,646 shares at an average price of $106.26, resulting in a decrease of her ownership by 9.11%.
• Veralto reported earnings of $0.93 per share for the last quarter, surpassing analysts' expectations, and has set a fiscal year 2025 EPS guidance between 3.720 and 3.800.

Swedbank AB lessened its holdings in Veralto Corporation (NYSE:VLTO - Free Report) by 7.9% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,266,216 shares of the company's stock after selling 108,920 shares during the period. Swedbank AB owned about 0.51% of Veralto worth $123,393,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in VLTO. Nuveen LLC purchased a new stake in Veralto in the 1st quarter valued at about $172,399,000. Alliancebernstein L.P. increased its stake in Veralto by 28.0% in the 1st quarter. Alliancebernstein L.P. now owns 6,235,563 shares of the company's stock valued at $607,656,000 after buying an additional 1,363,502 shares during the last quarter. T. Rowe Price Investment Management Inc. increased its stake in Veralto by 8.3% in the 1st quarter. T. Rowe Price Investment Management Inc. now owns 10,541,438 shares of the company's stock valued at $1,027,264,000 after buying an additional 811,843 shares during the last quarter. JPMorgan Chase & Co. increased its stake in Veralto by 26.8% in the 1st quarter. JPMorgan Chase & Co. now owns 3,223,571 shares of the company's stock valued at $314,137,000 after buying an additional 682,123 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its stake in Veralto by 13.6% in the 1st quarter. Bank of New York Mellon Corp now owns 4,259,348 shares of the company's stock valued at $415,074,000 after buying an additional 509,104 shares during the last quarter. Hedge funds and other institutional investors own 91.28% of the company's stock.

Veralto Stock Performance

Veralto stock traded up $0.61 during mid-day trading on Thursday, reaching $107.35. The company's stock had a trading volume of 377,236 shares, compared to its average volume of 1,339,386. Veralto Corporation has a 12-month low of $83.86 and a 12-month high of $115.00. The company has a market capitalization of $26.64 billion, a P/E ratio of 29.99, a PEG ratio of 3.54 and a beta of 0.91. The company has a debt-to-equity ratio of 1.00, a quick ratio of 2.06 and a current ratio of 2.32. The firm's fifty day moving average price is $105.79 and its two-hundred day moving average price is $100.10.

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

Veralto Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 31st. Investors of record on Tuesday, September 30th will be paid a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a yield of 0.4%. Veralto's dividend payout ratio is 12.29%.

Insiders Place Their Bets

In related news, CEO Jennifer Honeycutt sold 10,646 shares of Veralto stock in a transaction that occurred on 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 transaction, the chief executive officer directly 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.36% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms have commented on VLTO. Raymond James Financial began coverage on shares of Veralto in a research note on Tuesday, August 26th. They issued a "market perform" rating for the company. Stifel Nicolaus set a $120.00 price objective on shares of Veralto and gave the company a "buy" rating in a research note on Wednesday, July 30th. Royal Bank Of Canada raised their price target on shares of Veralto from $104.00 to $108.00 and gave the stock a "sector perform" rating in a research note on Wednesday, July 30th. Wolfe Research upgraded shares of Veralto from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, July 30th. Finally, Robert W. Baird raised their price target on shares of Veralto from $106.00 to $112.00 and gave the stock a "neutral" rating in a research note on Wednesday, July 30th. Five research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $113.43.

About Veralto

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.