Veralto Corporation $VLTO Shares Sold by Voya Investment Management LLC

Key Points

• Voya Investment Management LLC significantly reduced its holdings in Veralto Corporation by 70.6% in Q1, owning 106,695 shares after selling 256,663 shares.
• Wall Street analysts have a consensus rating of Moderate Buy for Veralto, with an average target price of $113.43 and multiple upgrades from various firms.
• CEO Jennifer Honeycutt sold 10,646 shares of Veralto at an average price of $106.26, decreasing her ownership by 9.11%.

Voya Investment Management LLC trimmed its holdings in shares of Veralto Corporation (NYSE:VLTO - Free Report) by 70.6% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 106,695 shares of the company's stock after selling 256,663 shares during the quarter. Voya Investment Management LLC's holdings in Veralto were worth $10,397,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Baldwin Investment Management LLC raised its holdings in shares of Veralto by 3.4% in the first quarter. Baldwin Investment Management LLC now owns 3,219 shares of the company's stock valued at $314,000 after acquiring an additional 106 shares in the last quarter. Cambridge Investment Research Advisors Inc. raised its holdings in shares of Veralto by 1.3% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 8,784 shares of the company's stock valued at $856,000 after acquiring an additional 113 shares in the last quarter. Phoenix Financial Ltd. raised its holdings in shares of Veralto by 2.9% in the first quarter. Phoenix Financial Ltd. now owns 4,644 shares of the company's stock valued at $454,000 after acquiring an additional 132 shares in the last quarter. Meiji Yasuda Asset Management Co Ltd. raised its holdings in shares of Veralto by 3.6% in the first quarter. Meiji Yasuda Asset Management Co Ltd. now owns 3,883 shares of the company's stock valued at $378,000 after acquiring an additional 134 shares in the last quarter. Finally, Argent Trust Co raised its holdings in shares of Veralto by 1.8% in the first quarter. Argent Trust Co now owns 8,096 shares of the company's stock valued at $789,000 after acquiring an additional 140 shares in the last quarter. 91.28% of the stock is currently owned by institutional investors.

Veralto Trading Down 0.1%

Shares of NYSE VLTO traded down $0.08 during mid-day trading on Friday, reaching $106.98. 3,165,211 shares of the company's stock were exchanged, compared to its average volume of 1,066,385. The firm has a market capitalization of $26.55 billion, a price-to-earnings ratio of 29.88, a PEG ratio of 3.55 and a beta of 0.91. The company has a debt-to-equity ratio of 1.00, a quick ratio of 2.06 and a current ratio of 2.32. Veralto Corporation has a 52-week low of $83.86 and a 52-week high of $115.00. The company's 50-day moving average is $105.97 and its 200-day moving average is $100.21.

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 during 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 period in the prior year, the business 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. Analysts expect that Veralto Corporation will post 3.66 EPS for the current fiscal year.

Veralto Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, October 31st. Investors 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 (DPR) is 12.29%.

Insider Buying and Selling

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

Analyst Ratings Changes

VLTO has been the subject of several recent research reports. Wolfe Research upgraded Veralto from a "hold" rating to a "strong-buy" rating in a report on Wednesday, July 30th. Robert W. Baird lifted their target price on Veralto from $106.00 to $112.00 and gave the company a "neutral" rating in a research note on Wednesday, July 30th. Stifel Nicolaus set a $120.00 target price on Veralto and gave the company a "buy" rating in a research note on Wednesday, July 30th. Barclays assumed coverage on Veralto in a research note on Friday. They issued an "overweight" rating and a $120.00 target price on the stock. Finally, Royal Bank Of Canada lifted their target price on Veralto from $104.00 to $108.00 and gave the company a "sector perform" rating in a research note on Wednesday, July 30th. Six analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $114.25.

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.