Veralto Corporation $VLTO Shares Sold by Vest Financial LLC

Key Points

• Vest Financial LLC reduced its holdings in Veralto Corporation (NYSE: VLTO) by 34.9% during the 2nd quarter, now owning 10,954 shares valued at approximately $1.1 million.
• Six equities research analysts have rated Veralto with a Moderate Buy consensus, with a price target averaging around $113.43, while Weiss Ratings recently upgraded it from a "hold" to a "buy" rating.
• Veralto announced a quarterly dividend of $0.11, payable on October 31st, representing an annualized yield of 0.4% and a payout ratio of 12.29%.

Vest Financial LLC lessened its holdings in shares of Veralto Corporation (NYSE:VLTO - Free Report) by 34.9% during the 2nd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 10,954 shares of the company's stock after selling 5,870 shares during the period. Vest Financial LLC's holdings in Veralto were worth $1,106,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in VLTO. Nuveen LLC purchased a new position in Veralto during the 1st quarter worth approximately $172,399,000. Alliancebernstein L.P. grew its stake in Veralto by 28.0% during the 1st quarter. Alliancebernstein L.P. now owns 6,235,563 shares of the company's stock worth $607,656,000 after buying an additional 1,363,502 shares during the last quarter. T. Rowe Price Investment Management Inc. grew its stake in Veralto by 8.3% during the 1st quarter. T. Rowe Price Investment Management Inc. now owns 10,541,438 shares of the company's stock worth $1,027,264,000 after buying an additional 811,843 shares during the last quarter. JPMorgan Chase & Co. grew its stake in Veralto by 26.8% during the 1st quarter. JPMorgan Chase & Co. now owns 3,223,571 shares of the company's stock worth $314,137,000 after buying an additional 682,123 shares during the last quarter. Finally, Robeco Institutional Asset Management B.V. grew its stake in Veralto by 162.1% during the 2nd quarter. Robeco Institutional Asset Management B.V. now owns 1,064,810 shares of the company's stock worth $107,493,000 after buying an additional 658,529 shares during the last quarter. Hedge funds and other institutional investors own 91.28% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on VLTO. Weiss Ratings upgraded Veralto from a "hold (c+)" rating to a "buy (b-)" rating in a research note on Wednesday, October 8th. Barclays lowered their target price on Veralto from $120.00 to $119.00 and set an "overweight" rating on the stock in a research note on Monday, October 6th. Robert W. Baird lifted their target price on Veralto from $106.00 to $112.00 and gave the company a "neutral" rating in a research note on Wednesday, July 30th. Stifel Nicolaus set a $120.00 target price on Veralto and gave the company a "buy" rating in a research note on Wednesday, July 30th. Finally, Royal Bank Of Canada lifted their target price on Veralto from $104.00 to $108.00 and gave the company a "sector perform" rating in a research note on Wednesday, July 30th. Six equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company's stock. According to MarketBeat.com, Veralto has a consensus rating of "Moderate Buy" and a consensus price target of $113.43.

Insider Buying and Selling at Veralto

In related news, CEO Jennifer Honeycutt sold 10,646 shares of Veralto stock in a transaction that occurred on Friday, August 29th. The stock was sold at an average price of $106.26, for a total value of $1,131,243.96. Following the sale, the chief executive officer directly owned 106,219 shares in the company, valued at $11,286,830.94. The trade was a 9.11% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.36% of the stock is currently owned by company insiders.

Veralto Stock Down 0.2%

Veralto stock opened at $101.82 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 company has a market cap of $25.27 billion, a PE ratio of 28.44, a price-to-earnings-growth ratio of 3.36 and a beta of 0.90. The stock's 50 day moving average price is $106.27 and its 200 day moving average price is $101.03.

Veralto (NYSE:VLTO - Get Free Report) last posted its quarterly earnings results 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 return on equity of 41.45% and a net margin of 16.65%.The firm had revenue of $1.37 billion for the quarter, compared to the consensus estimate of $1.34 billion. During the same period in the previous year, the business earned $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. On average, sell-side analysts predict that Veralto Corporation will post 3.66 EPS for the current fiscal year.

Veralto Announces Dividend

The firm also recently declared 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. The ex-dividend date is Tuesday, September 30th. This represents a $0.44 dividend on an annualized basis and a dividend yield of 0.4%. Veralto's payout ratio is 12.29%.

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.

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