Veralto Corporation $VLTO Stock: Robeco Schweiz AG Trims Position

Key Points

• Robeco Schweiz AG reduced its Veralto position by 3.5% in the third quarter, selling 30,633 shares while retaining 851,536 shares valued at approximately $80.3 million. Institutional investors collectively own 91.28% of the company.
• Analyst sentiment remains positive overall, with Veralto receiving a consensus “Moderate Buy” rating and an average price target of $112.60, compared with the reported share price of $104.52.
• Veralto exceeded quarterly expectations with adjusted earnings of $1.11 per share and revenue of $1.47 billion, while revenue increased 7.5% year over year. The company also declared a quarterly dividend of $0.13 per share, representing a 0.5% annualized yield.

Robeco Schweiz AG lowered its holdings in shares of Veralto Corporation (NYSE:VLTO - Free Report) by 3.5% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 851,536 shares of the company's stock after selling 30,633 shares during the period. Veralto accounts for 1.5% of Robeco Schweiz AG's investment portfolio, making the stock its 19th largest holding. Robeco Schweiz AG owned 0.35% of Veralto worth $80,317,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Bank of New York Mellon Corp acquired a new position in Veralto in the second quarter valued at $235,200,000. First Trust Advisors LP boosted its stake in shares of Veralto by 31.5% during the first quarter. First Trust Advisors LP now owns 6,150,388 shares of the company's stock worth $543,817,000 after buying an additional 1,472,304 shares during the period. Amundi boosted its stake in shares of Veralto by 16.3% during the first quarter. Amundi now owns 3,797,526 shares of the company's stock worth $335,785,000 after buying an additional 531,478 shares during the period. Diamond Hill Capital Management LLC Investment Advisor acquired a new stake in shares of Veralto during the second quarter worth about $35,594,000. Finally, SEB Asset Management AB purchased a new position in shares of Veralto during the first quarter worth about $30,562,000. 91.28% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the company. Citigroup raised their price target on Veralto from $102.00 to $107.00 and gave the stock a "neutral" rating in a report on Thursday, July 30th. Stifel Nicolaus set a $113.00 price objective on Veralto in a research note on Monday, October 19th. Wall Street Zen cut Veralto from a "buy" rating to a "hold" rating in a research report on Saturday. Barclays lifted their target price on Veralto from $113.00 to $117.00 and gave the company an "overweight" rating in a research note on Thursday, July 30th. Finally, Wolfe Research reiterated an "outperform" rating and issued a $125.00 target price on shares of Veralto in a research note on Tuesday, September 15th. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and three have assigned a Hold rating to the company's stock. According to MarketBeat.com, Veralto currently has a consensus rating of "Moderate Buy" and an average target price of $112.60.

Insiders Place Their Bets

In other Veralto news, CEO Jennifer Honeycutt sold 7,098 shares of the business's stock in a transaction on Friday, October 23rd. The shares were sold at an average price of $105.00, for a total transaction of $745,290.00. Following the sale, the chief executive officer directly owned 120,060 shares in the company, valued at approximately $12,606,300. The trade was a 5.58% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Surekha Trivedi sold 986 shares of the business's stock in a transaction on Monday, August 17th. The stock was sold at an average price of $97.05, for a total transaction of $95,691.30. Following the sale, the senior vice president owned 8,565 shares in the company, valued at $831,233.25. The trade was a 10.32% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders sold 15,181 shares of company stock valued at $1,561,469. 0.43% of the stock is owned by corporate insiders.

Veralto Stock Performance

NYSE VLTO opened at $104.52 on Friday. The stock has a market capitalization of $25.48 billion, a price-to-earnings ratio of 26.39, a PEG ratio of 2.96 and a beta of 0.62. The business's 50 day moving average is $97.52 and its two-hundred day moving average is $92.25. Veralto Corporation has a 12-month low of $80.03 and a 12-month high of $105.75. 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 (NYSE:VLTO - Get Free Report) last posted its quarterly earnings results on Tuesday, July 28th. The company reported $1.11 EPS for the quarter, beating the consensus estimate of $1.01 by $0.10. Veralto had a return on equity of 34.76% and a net margin of 17.35%. The business had revenue of $1.47 billion during the quarter, compared to analysts' expectations of $1.45 billion. During the same period last year, the firm earned $0.93 EPS. The company's quarterly 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. Research analysts expect that Veralto Corporation will post 4.41 EPS for the current year.

Veralto Announces Dividend

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