Veralto Corporation $VLTO Shares Acquired by Walter Public Investments Inc.

Key Points

• Walter Public Investments Inc. increased its stake in Veralto Corporation by 18.1%, owning approximately 151,519 shares worth about $15.3 million as of its latest SEC filing.
• Veralto recently declared a quarterly dividend of $0.11 per share, set to be paid on October 31, reflecting an annualized yield of 0.4%.
• The company reported earnings of $0.93 per share, exceeding estimates, with a market capitalization of $26.55 billion and a return on equity of 41.45%.

Walter Public Investments Inc. raised its position in Veralto Corporation (NYSE:VLTO - Free Report) by 18.1% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 151,519 shares of the company's stock after acquiring an additional 23,275 shares during the period. Veralto makes up 2.6% of Walter Public Investments Inc.'s investment portfolio, making the stock its 19th largest holding. Walter Public Investments Inc. owned 0.06% of Veralto worth $15,296,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Bernard Wealth Management Corp. acquired a new stake in shares of Veralto during the 4th quarter valued at approximately $30,000. Truvestments Capital LLC lifted its position in shares of Veralto by 148.5% during the 1st quarter. Truvestments Capital LLC now owns 328 shares of the company's stock valued at $32,000 after acquiring an additional 196 shares during the period. Opal Wealth Advisors LLC acquired a new stake in shares of Veralto during the 1st quarter valued at approximately $45,000. Grove Bank & Trust lifted its position in shares of Veralto by 198.2% during the 1st quarter. Grove Bank & Trust now owns 510 shares of the company's stock valued at $50,000 after acquiring an additional 339 shares during the period. Finally, Global Financial Private Client LLC lifted its position in shares of Veralto by 95.1% during the 1st quarter. Global Financial Private Client LLC now owns 593 shares of the company's stock valued at $58,000 after acquiring an additional 289 shares during the period. Hedge funds and other institutional investors own 91.28% of the company's stock.

Veralto Trading Down 1.0%

Veralto stock traded down $1.05 during trading on Tuesday, reaching $104.77. The company had a trading volume of 312,452 shares, compared to its average volume of 1,350,136. Veralto Corporation has a 12-month low of $83.86 and a 12-month high of $115.00. The stock's 50 day moving average price is $106.05 and its two-hundred day moving average price is $100.27. The firm has a market capitalization of $26.00 billion, a price-to-earnings ratio of 29.25, 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 (NYSE:VLTO - Get Free Report) last released its quarterly earnings data on Monday, July 28th. The company reported $0.93 earnings per share (EPS) 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 company had revenue of $1.37 billion during the quarter, compared to the consensus estimate of $1.34 billion. During the same period in the previous year, the firm earned $0.85 earnings per share. Veralto's revenue for the quarter 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. As a group, equities analysts expect that Veralto Corporation will post 3.66 earnings per share for the current fiscal year.

Veralto Announces Dividend

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 paid a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a yield of 0.4%. The ex-dividend date is Tuesday, September 30th. Veralto's payout ratio is currently 12.29%.

Insider Transactions at Veralto

In other Veralto news, CEO Jennifer Honeycutt sold 10,646 shares of the business's stock in a transaction that occurred 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 completion of the sale, the chief executive officer directly owned 106,219 shares in the company, valued at $11,286,830.94. The trade was a 9.11% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.36% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the stock. 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 started coverage on shares of Veralto in a research report on Tuesday, August 26th. They set a "market perform" rating for the company. Royal Bank Of Canada lifted their target price 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 lifted their target price 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. Finally, Barclays started coverage on shares of Veralto in a research report on Friday. They set an "overweight" rating and a $120.00 target price for the company. Six research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat.com, Veralto presently has an average rating of "Moderate Buy" and an average target price of $114.25.

Veralto Company Profile

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.