Veralto Corporation $VLTO Shares Sold by Wilmington Savings Fund Society FSB

Key Points

• Wilmington Savings Fund Society FSB reduced its stake in Veralto Corporation (NYSE:VLTO) by 66.1%, owning 9,444 shares worth approximately $953,000 after selling 18,454 shares in the second quarter.
• CEO Jennifer Honeycutt sold 10,646 shares of Veralto for over $1.1 million, reducing her ownership by 9.11%, leaving her with 106,219 shares valued at around $11.3 million.
• Veralto reported a quarterly EPS of $0.93, exceeding estimates of $0.89, with a revenue of $1.37 billion, showing a year-over-year increase of 6.4%.

Wilmington Savings Fund Society FSB cut its holdings in shares of Veralto Corporation (NYSE:VLTO - Free Report) by 66.1% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 9,444 shares of the company's stock after selling 18,454 shares during the period. Wilmington Savings Fund Society FSB's holdings in Veralto were worth $953,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in VLTO. Brighton Jones LLC lifted its stake 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 purchasing an additional 479 shares during the last quarter. Wealth Enhancement Advisory Services LLC lifted its stake in Veralto by 1.8% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 73,545 shares of the company's stock valued at $7,167,000 after purchasing an additional 1,284 shares during the last quarter. Sowell Financial Services LLC acquired a new stake in Veralto during the first quarter valued at approximately $236,000. Grove Bank & Trust lifted its position in shares of Veralto by 198.2% in the 1st quarter. Grove Bank & Trust now owns 510 shares of the company's stock valued at $50,000 after acquiring an additional 339 shares in the last quarter. Finally, Chicago Capital LLC purchased a new stake in shares of Veralto in the 1st quarter valued at approximately $242,000. 91.28% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Veralto

In other news, CEO Jennifer Honeycutt sold 10,646 shares of the stock in a transaction on Friday, August 29th. The shares were sold at an average price of $106.26, for a total transaction of $1,131,243.96. Following the transaction, the chief executive officer owned 106,219 shares in the company, valued at $11,286,830.94. This represents a 9.11% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.36% of the stock is currently owned by company insiders.

Veralto Stock Performance

Shares of VLTO opened at $101.78 on Friday. The company's fifty day moving average is $106.16 and its 200-day moving average is $101.06. Veralto Corporation has a 12 month low of $83.86 and a 12 month high of $115.00. The firm has a market cap of $25.26 billion, a price-to-earnings ratio of 28.43, a price-to-earnings-growth ratio of 3.36 and a beta of 0.90. The company has a quick ratio of 2.06, a current ratio of 2.32 and a debt-to-equity ratio of 1.00.

Veralto (NYSE:VLTO - Get Free Report) last announced its quarterly earnings results on Monday, July 28th. The company reported $0.93 EPS for the quarter, topping 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 for the quarter, compared to analyst estimates of $1.34 billion. During the same quarter in the prior year, the business posted $0.85 EPS. Veralto's quarterly revenue was up 6.4% on a year-over-year basis. Veralto has set its FY 2025 guidance at 3.720-3.800 EPS. Q3 2025 guidance at 0.910-0.950 EPS. Equities analysts expect 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. Stockholders of record on Tuesday, September 30th will be paid a dividend of $0.11 per share. The ex-dividend date is Tuesday, September 30th. This represents a $0.44 annualized dividend and a dividend yield of 0.4%. Veralto's dividend payout ratio is 12.29%.

Analysts Set New Price Targets

Several research analysts recently weighed in on VLTO shares. Raymond James Financial started coverage on Veralto in a research report on Tuesday, August 26th. They set a "market perform" rating on the stock. 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. Royal Bank Of Canada increased 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. Robert W. Baird increased 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. Finally, 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. Six research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $113.43.

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.

Want to see what other hedge funds are holding VLTO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Veralto Corporation (NYSE:VLTO - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.