WealthPLAN Partners LLC Has $1.03 Million Stake in Veralto Corporation $VLTO

Key Points

• WealthPLAN Partners LLC has reduced its stake in Veralto Corporation by 33.4%, now holding 10,208 shares valued at approximately $1.03 million.
• Veralto recently announced a quarterly dividend of $0.11 per share, with an ex-dividend date of September 30th, representing a 0.4% annualized dividend yield.
• Analysts have set a consensus target price of $113.43 for Veralto Corporation, with several firms issuing buy and overweight ratings.

WealthPLAN Partners LLC decreased its holdings in shares of Veralto Corporation (NYSE:VLTO - Free Report) by 33.4% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 10,208 shares of the company's stock after selling 5,123 shares during the quarter. WealthPLAN Partners LLC's holdings in Veralto were worth $1,031,000 at the end of the most recent quarter.

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

Veralto Stock Down 0.2%

Veralto stock opened at $101.82 on Thursday. The company has a 50 day moving average of $106.27 and a 200-day moving average of $101.03. The company has a quick ratio of 2.06, a current ratio of 2.32 and a debt-to-equity ratio of 1.00. The stock has a market capitalization of $25.27 billion, a PE ratio of 28.44, a price-to-earnings-growth ratio of 3.36 and a beta of 0.90. 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 announced its quarterly earnings data on Monday, July 28th. The company reported $0.93 EPS for the quarter, topping analysts' consensus estimates of $0.89 by $0.04. The business had revenue of $1.37 billion for the quarter, compared to analyst estimates of $1.34 billion. Veralto had a net margin of 16.65% and a return on equity of 41.45%. The firm's revenue for the quarter was up 6.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.85 earnings per share. Veralto has set its FY 2025 guidance at 3.720-3.800 EPS. Q3 2025 guidance at 0.910-0.950 EPS. On average, equities research analysts anticipate 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. Stockholders of record on Tuesday, September 30th will be given a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date of this dividend is Tuesday, September 30th. Veralto's payout ratio is currently 12.29%.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the stock. Raymond James Financial assumed coverage on shares of Veralto in a report on Tuesday, August 26th. They set a "market perform" rating for the company. Barclays reduced their price target on shares of Veralto from $120.00 to $119.00 and set an "overweight" rating for the company in a report on Monday, October 6th. Wolfe Research upgraded shares of Veralto from a "hold" rating to a "strong-buy" rating in a report on Wednesday, July 30th. Weiss Ratings upgraded shares of Veralto from a "hold (c+)" rating to a "buy (b-)" rating in a report on Wednesday, October 8th. Finally, Stifel Nicolaus set a $120.00 price target on shares of Veralto and gave the company a "buy" rating in a report on Wednesday, July 30th. Six analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $113.43.

Insider Activity at Veralto

In other 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 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. The trade was a 9.11% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.36% of the stock is currently owned by corporate 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.

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