Wealth Enhancement Advisory Services LLC Purchases 110,121 Shares of Veralto Corporation $VLTO

Key Points

• Wealth Enhancement Advisory Services LLC significantly increased its stake in Veralto Corporation by 149.7%, acquiring an additional 110,121 shares during the 2nd quarter, bringing its total holdings to approximately $19.05 million.
• Veralto recently reported quarterly earnings of $0.93 per share, exceeding analysts' expectations, and set its FY 2025 guidance at $3.720-3.800 EPS.
• The company has declared a quarterly dividend of $0.11 per share, with the ex-dividend date on September 30th, representing a 0.4% dividend yield.

Wealth Enhancement Advisory Services LLC grew its position in Veralto Corporation (NYSE:VLTO - Free Report) by 149.7% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 183,666 shares of the company's stock after acquiring an additional 110,121 shares during the period. Wealth Enhancement Advisory Services LLC owned about 0.07% of Veralto worth $19,055,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Bernard Wealth Management Corp. bought a new position in shares of Veralto in the 4th quarter valued at about $30,000. Truvestments Capital LLC lifted 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 during the last quarter. Opal Wealth Advisors LLC acquired a new stake in shares of Veralto during the 1st quarter worth about $45,000. Grove Bank & Trust lifted its stake in shares of Veralto by 198.2% during the 1st quarter. Grove Bank & Trust now owns 510 shares of the company's stock worth $50,000 after buying an additional 339 shares during the last quarter. Finally, Global Financial Private Client LLC lifted its stake 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 worth $58,000 after buying an additional 289 shares during the last quarter. Institutional investors own 91.28% of the company's stock.

Veralto Price Performance

VLTO stock traded down $0.71 during trading on Tuesday, reaching $105.12. 254,524 shares of the company were exchanged, compared to its average volume of 1,349,861. The company has a 50-day moving average of $106.05 and a two-hundred day moving average of $100.27. The company has a market capitalization of $26.09 billion, a price-to-earnings ratio of 29.36, a P/E/G ratio of 3.55 and a beta of 0.91. Veralto Corporation has a twelve month low of $83.86 and a twelve month high of $115.00. 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 (NYSE:VLTO - Get Free Report) last announced its quarterly earnings results on Monday, July 28th. The company reported $0.93 earnings per share (EPS) for the quarter, beating 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 during the quarter, compared to analysts' expectations of $1.34 billion. During the same period in the prior year, the company posted $0.85 EPS. The company'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. As a group, equities analysts predict that Veralto Corporation will post 3.66 earnings per share for the current fiscal year.

Veralto Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 31st. Shareholders of record on Tuesday, September 30th will be given a $0.11 dividend. This represents a $0.44 annualized dividend and a yield of 0.4%. The ex-dividend date is Tuesday, September 30th. Veralto's dividend payout ratio is 12.29%.

Insider Transactions at Veralto

In other Veralto news, CEO Jennifer Honeycutt sold 10,646 shares of the company'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 value of $1,131,243.96. Following the completion of the transaction, the chief executive officer directly 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 legal filing with the SEC, which can be accessed through this link. Company insiders own 0.36% of the company's stock.

Analyst Ratings Changes

VLTO has been the subject of a number of research reports. Robert W. Baird raised their target price on shares of Veralto from $106.00 to $112.00 and gave the stock a "neutral" rating in a research note on Wednesday, July 30th. Barclays initiated coverage on shares of Veralto in a research note on Friday. They set an "overweight" rating and a $120.00 target price for the company. Royal Bank Of Canada raised their target price on shares of Veralto from $104.00 to $108.00 and gave the stock a "sector perform" rating in a research note on Wednesday, July 30th. Stifel Nicolaus set a $120.00 target price on shares of Veralto and gave the stock a "buy" rating in a research note on Wednesday, July 30th. Finally, Wolfe Research upgraded shares of 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 stock. According to data from MarketBeat.com, Veralto presently has a consensus rating of "Moderate Buy" and an average 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.