Vontobel Holding Ltd. Has $52.87 Million Position in Veralto Corporation $VLTO

Vontobel Holding Ltd. trimmed its holdings in shares of Veralto Corporation (NYSE:VLTO - Free Report) by 5.2% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 523,744 shares of the company's stock after selling 28,864 shares during the quarter. Vontobel Holding Ltd. owned 0.21% of Veralto worth $52,872,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in VLTO. Truvestments Capital LLC grew its holdings in Veralto by 148.5% during the 1st quarter. Truvestments Capital LLC now owns 328 shares of the company's stock worth $32,000 after acquiring an additional 196 shares during the last quarter. Opal Wealth Advisors LLC acquired a new position in shares of Veralto in the 1st quarter worth approximately $45,000. 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 worth $50,000 after purchasing an additional 339 shares during the period. Ameritas Advisory Services LLC acquired a new position in shares of Veralto in the 2nd quarter worth approximately $51,000. Finally, Cloud Capital Management LLC acquired a new position in shares of Veralto in the 1st quarter worth approximately $64,000. 91.28% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Veralto news, CEO Jennifer Honeycutt sold 10,646 shares of the company's 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 approximately $11,286,830.94. This represents a 9.11% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders own 0.36% of the company's stock.

Veralto Stock Performance

VLTO opened at $104.10 on Thursday. The company has a current ratio of 2.32, a quick ratio of 2.06 and a debt-to-equity ratio of 1.00. The company's fifty day moving average price is $106.68 and its two-hundred day moving average price is $100.88. 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 $25.83 billion, a price-to-earnings ratio of 29.08, a PEG ratio of 3.48 and a beta of 0.90.

Veralto (NYSE:VLTO - Get Free Report) last released its quarterly earnings data on Monday, July 28th. The company reported $0.93 earnings per share 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 firm had revenue of $1.37 billion for the quarter, compared to the consensus estimate of $1.34 billion. During the same quarter in the prior year, the company posted $0.85 earnings per share. The business's 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. On average, analysts expect that Veralto Corporation will post 3.66 EPS for the current fiscal year.

Veralto Dividend Announcement

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

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on VLTO. Royal Bank Of Canada boosted their price target 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 boosted their price target 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. Wolfe Research upgraded shares of Veralto from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, July 30th. Raymond James Financial assumed coverage on shares of Veralto in a research report on Tuesday, August 26th. They set a "market perform" rating on the stock. Finally, Weiss Ratings upgraded shares of Veralto from a "hold (c+)" rating to a "buy (b-)" rating in a research report on Wednesday. Six investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $113.43.

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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