VIRGINIA RETIREMENT SYSTEMS ET Al Acquires Shares of 167,592 Veralto Corporation $VLTO

Key Points

• The Virginia Retirement Systems ET Al acquired 167,592 shares of Veralto Corporation (NYSE: VLTO), valued at approximately $16.9 million, representing about 0.07% of the company's stock.
• CEO Jennifer Honeycutt sold 10,646 shares for over $1.13 million, reducing her stake in Veralto by 9.11% to approximately $11.29 million.
• Equity analysts have mixed ratings on Veralto, with a consensus target price of $113.43, where six analysts rate it as a "Buy" and four as a "Hold".

VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new stake in shares of Veralto Corporation (NYSE:VLTO - Free Report) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 167,592 shares of the company's stock, valued at approximately $16,918,000. VIRGINIA RETIREMENT SYSTEMS ET Al owned about 0.07% of Veralto as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in VLTO. Harbor Asset Planning Inc. purchased a new stake in Veralto during the 2nd quarter valued at approximately $26,000. Truvestments Capital LLC raised its stake in shares of Veralto by 148.5% during the 1st quarter. Truvestments Capital LLC now owns 328 shares of the company's stock worth $32,000 after buying an additional 196 shares in the last quarter. Ameritas Advisory Services LLC purchased a new position in shares of Veralto during the 2nd quarter worth approximately $51,000. Cloud Capital Management LLC purchased a new position in shares of Veralto during the 1st quarter worth approximately $64,000. Finally, Marshall & Sullivan Inc. WA purchased a new position in shares of Veralto during the 2nd quarter worth approximately $74,000. 91.28% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Veralto news, CEO Jennifer Honeycutt sold 10,646 shares of the stock in a transaction on Friday, August 29th. The stock was sold at an average price of $106.26, for a total transaction of $1,131,243.96. Following the sale, the chief executive officer owned 106,219 shares in the company, valued at approximately $11,286,830.94. This represents a 9.11% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.36% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the company. Barclays cut their target price on Veralto from $120.00 to $119.00 and set an "overweight" rating for the company in a research note on Monday, October 6th. Weiss Ratings raised Veralto from a "hold (c+)" rating to a "buy (b-)" rating in a research note on Wednesday, October 8th. Royal Bank Of Canada increased their target price on Veralto from $104.00 to $108.00 and gave the stock a "sector perform" rating in a research note on Wednesday, July 30th. Robert W. Baird increased their target price on Veralto from $106.00 to $112.00 and gave the stock a "neutral" rating in a research note on Wednesday, July 30th. Finally, Wolfe Research raised Veralto from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, July 30th. Six equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $113.43.

Veralto Stock Performance

VLTO opened at $102.88 on Monday. The stock has a market cap of $25.53 billion, a P/E ratio of 28.74, a P/E/G ratio of 3.39 and a beta of 0.90. The company has a debt-to-equity ratio of 1.00, a current ratio of 2.32 and a quick ratio of 2.06. The stock's 50 day simple moving average is $106.06 and its 200 day simple moving average is $101.16. Veralto Corporation has a 1-year low of $83.86 and a 1-year high of $115.00.

Veralto (NYSE:VLTO - Get Free Report) last released its quarterly earnings results on Monday, July 28th. The company reported $0.93 earnings per share for the quarter, topping analysts' consensus estimates of $0.89 by $0.04. The business had revenue of $1.37 billion for the quarter, compared to analysts' expectations of $1.34 billion. Veralto had a return on equity of 41.45% and a net margin of 16.65%.The company's revenue was up 6.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.85 EPS. Veralto has set its FY 2025 guidance at 3.720-3.800 EPS. Q3 2025 guidance at 0.910-0.950 EPS. As a group, equities analysts anticipate that Veralto Corporation will post 3.66 EPS for the current fiscal year.

Veralto Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, October 31st. Shareholders of record on Tuesday, September 30th will be issued a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a yield of 0.4%. The ex-dividend date is Tuesday, September 30th. Veralto's dividend 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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