Walter Public Investments Inc. Increases Position in Veralto Corporation $VLTO

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. grew its holdings in shares of Veralto Corporation (NYSE:VLTO - Free Report) by 18.1% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 151,519 shares of the company's stock after buying an additional 23,275 shares during the quarter. Veralto accounts for about 2.6% of Walter Public Investments Inc.'s holdings, making the stock its 19th biggest position. Walter Public Investments Inc. owned approximately 0.06% of Veralto worth $15,296,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Bernard Wealth Management Corp. purchased a new stake in shares of Veralto during the 4th quarter valued at approximately $30,000. Truvestments Capital LLC grew its position in Veralto by 148.5% during the first quarter. Truvestments Capital LLC now owns 328 shares of the company's stock valued at $32,000 after buying an additional 196 shares during the period. Opal Wealth Advisors LLC purchased a new position in shares of Veralto in the first quarter worth $45,000. Grove Bank & Trust increased its position in Veralto by 198.2% during the first 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 last quarter. Finally, Global Financial Private Client LLC grew its holdings in shares of Veralto by 95.1% in the first quarter. Global Financial Private Client LLC now owns 593 shares of the company's stock worth $58,000 after purchasing an additional 289 shares during the last quarter. 91.28% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on VLTO shares. Wolfe Research raised shares of Veralto from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, July 30th. Robert W. Baird raised their price objective on Veralto from $106.00 to $112.00 and gave the company a "neutral" rating in a report on Wednesday, July 30th. Barclays began coverage on Veralto in a report on Friday. They set an "overweight" rating and a $120.00 price target on the stock. Raymond James Financial assumed coverage on Veralto in a research report on Tuesday, August 26th. They issued a "market perform" rating for the company. Finally, Royal Bank Of Canada boosted their price objective 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 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 has an average rating of "Moderate Buy" and an average target price of $114.25.

Veralto Price Performance

VLTO traded down $0.08 during trading on Friday, hitting $106.98. 3,165,211 shares of the stock traded hands, compared to its average volume of 1,169,225. The business has a 50 day moving average price of $105.97 and a 200 day moving average price of $100.23. The company has a market cap 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 current ratio of 2.32 and a quick ratio of 2.06. Veralto Corporation has a twelve month low of $83.86 and a twelve month high of $115.00.

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 analysts' consensus estimates 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 for the quarter, compared to analysts' expectations of $1.34 billion. During the same quarter in the prior year, the firm earned $0.85 EPS. 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. Equities research analysts forecast that Veralto Corporation will post 3.66 earnings per share for the current fiscal year.

Veralto Announces Dividend

The firm 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. The ex-dividend date of this dividend is Tuesday, September 30th. This represents a $0.44 dividend on an annualized basis and a yield of 0.4%. Veralto's payout ratio is presently 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 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 sale, the chief executive officer owned 106,219 shares of the company's stock, valued at $11,286,830.94. The trade was a 9.11% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.36% of the stock is owned by insiders.

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.