Veralto Corporation $VLTO Stock Holdings Increased by E. Ohman J or Asset Management AB

Key Points

• E. Ohman J or Asset Management AB increased its Veralto stake by 1,914% during the third quarter, ending with 236,177 shares valued at approximately $22.3 million. Institutional investors collectively own 91.28% of VLTO.
• Analysts maintain a generally positive outlook, with Veralto receiving a “Moderate Buy” consensus rating and an average price target of $112.60. Recent targets range from $109 to $117.
• Veralto reported quarterly EPS of $1.11, beating estimates by $0.10, while revenue rose 7.5% year over year to $1.47 billion. The company also declared a quarterly dividend of $0.13 per share, yielding approximately 0.5%.

E. Ohman J or Asset Management AB boosted its stake in shares of Veralto Corporation (NYSE:VLTO - Free Report) by 1,914.0% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 236,177 shares of the company's stock after purchasing an additional 224,450 shares during the period. E. Ohman J or Asset Management AB owned approximately 0.10% of Veralto worth $22,276,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in VLTO. Vest Financial LLC increased its position in shares of Veralto by 15.7% in the 3rd quarter. Vest Financial LLC now owns 854,460 shares of the company's stock valued at $80,593,000 after acquiring an additional 116,143 shares during the period. Crossmark Global Holdings Inc. raised its stake in shares of Veralto by 2.2% in the third quarter. Crossmark Global Holdings Inc. now owns 54,440 shares of the company's stock worth $5,135,000 after purchasing an additional 1,176 shares during the last quarter. Quadrant Capital Group LLC lifted its stake in Veralto by 1.2% during the 3rd quarter. Quadrant Capital Group LLC now owns 12,100 shares of the company's stock valued at $1,198,000 after acquiring an additional 141 shares during the period. Nisa Investment Advisors LLC boosted its holdings in Veralto by 1.6% in the third quarter. Nisa Investment Advisors LLC now owns 52,325 shares of the company's stock valued at $4,942,000 after purchasing an additional 823 shares during the last quarter. Finally, Sumitomo Mitsui DS Asset Management Company Ltd raised its position in Veralto by 1.8% during the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 50,481 shares of the company's stock valued at $4,761,000 after acquiring an additional 891 shares in the last quarter. Hedge funds and other institutional investors own 91.28% of the company's stock.

Wall Street Analyst Weigh In

VLTO has been the topic of a number of analyst reports. Wall Street Zen upgraded Veralto from a "hold" rating to a "buy" rating in a research report on Saturday, October 3rd. Stifel Nicolaus set a $113.00 target price on shares of Veralto in a research note on Monday. Royal Bank Of Canada increased their price target on shares of Veralto from $100.00 to $109.00 and gave the company a "sector perform" rating in a research note on Thursday, July 30th. Robert W. Baird set a $111.00 target price on shares of Veralto in a research note on Thursday, July 30th. Finally, Barclays boosted their price objective on Veralto from $113.00 to $117.00 and gave the company an "overweight" rating in a report on Thursday, July 30th. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and three have assigned a Hold rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $112.60.

Insider Activity

In related news, CEO Jennifer Honeycutt sold 7,097 shares of the firm's stock in a transaction that occurred on Wednesday, July 29th. The shares were sold at an average price of $101.52, for a total value of $720,487.44. Following the sale, the chief executive officer owned 124,085 shares of the company's stock, valued at $12,597,109.20. This trade represents a 5.41% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Surekha Trivedi sold 986 shares of the firm's stock in a transaction that occurred on Monday, August 17th. The shares were sold at an average price of $97.05, for a total transaction of $95,691.30. Following the completion of the sale, the senior vice president directly owned 8,565 shares in the company, valued at approximately $831,233.25. This trade represents a 10.32% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 0.43% of the company's stock.

Veralto Stock Up 3.4%

Veralto stock opened at $104.78 on Friday. The firm has a market capitalization of $25.54 billion, a P/E ratio of 24.06, a P/E/G ratio of 2.87 and a beta of 0.62. The company has a current ratio of 1.78, a quick ratio of 1.61 and a debt-to-equity ratio of 0.86. Veralto Corporation has a twelve month low of $80.03 and a twelve month high of $105.75. The stock's fifty day simple moving average is $97.38 and its 200-day simple moving average is $92.17.

Veralto (NYSE:VLTO - Get Free Report) last released its earnings results on Tuesday, July 28th. The company reported $1.11 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.01 by $0.10. Veralto had a return on equity of 34.76% and a net margin of 17.35%. The firm had revenue of $1.47 billion during the quarter, compared to analyst estimates of $1.45 billion. During the same period last year, the business posted $0.93 earnings per share. Veralto's revenue was up 7.5% compared to the same quarter last year. Veralto has set its FY 2026 guidance at 4.350-4.430 EPS and its Q3 2026 guidance at 1.060-1.090 EPS. As a group, equities analysts expect that Veralto Corporation will post 4.41 earnings per share for the current fiscal year.

Veralto Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 30th. Stockholders of record on Wednesday, September 30th will be paid a $0.13 dividend. This represents a $0.52 annualized dividend and a dividend yield of 0.5%. The ex-dividend date is Wednesday, September 30th. Veralto's dividend payout ratio (DPR) is presently 13.13%.

About Veralto

Veralto Corporation NYSE: VLTO is a global provider of technology, products and services that help customers manage water quality and improve the quality, safety and efficiency of packaged goods. The company serves municipal, industrial, commercial and consumer-facing markets through a portfolio of operating businesses.

Veralto's Water Quality segment provides instruments, software and services used to test, monitor and treat water and wastewater. Its brands include Hach, Trojan Technologies and ChemTreat, which support applications such as laboratory and field testing, disinfection, water treatment and industrial water management.

The company's Product Quality & Innovation segment supplies technologies used in product identification, packaging design, color management and quality inspection.

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