Allianz Asset Management GmbH Has $79.52 Million Stock Holdings in Veralto Corporation $VLTO

Allianz Asset Management GmbH grew its position in shares of Veralto Corporation (NYSE:VLTO) by 19.6% during the second quarter, HoldingsChannel.com reports. The firm owned 787,747 shares of the company’s stock after purchasing an additional 128,834 shares during the period. Allianz Asset Management GmbH’s holdings in Veralto were worth $79,523,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the company. Nuveen LLC acquired a new position in shares of Veralto in the first quarter worth approximately $172,399,000. Alliancebernstein L.P. lifted its stake in shares of Veralto by 28.0% in the first quarter. Alliancebernstein L.P. now owns 6,235,563 shares of the company’s stock worth $607,656,000 after acquiring an additional 1,363,502 shares during the period. T. Rowe Price Investment Management Inc. lifted its stake in shares of Veralto by 8.3% in the first quarter. T. Rowe Price Investment Management Inc. now owns 10,541,438 shares of the company’s stock worth $1,027,264,000 after acquiring an additional 811,843 shares during the period. JPMorgan Chase & Co. lifted its stake in shares of Veralto by 26.8% in the first quarter. JPMorgan Chase & Co. now owns 3,223,571 shares of the company’s stock worth $314,137,000 after acquiring an additional 682,123 shares during the period. Finally, Robeco Institutional Asset Management B.V. lifted its stake in shares of Veralto by 162.1% in the second quarter. Robeco Institutional Asset Management B.V. now owns 1,064,810 shares of the company’s stock worth $107,493,000 after acquiring an additional 658,529 shares during the period. 91.28% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on VLTO shares. Barclays cut their price objective on Veralto from $120.00 to $119.00 and set an “overweight” rating on the stock in a research note on Monday, October 6th. Wolfe Research raised Veralto from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, July 30th. Robert W. Baird lifted their price objective on Veralto from $106.00 to $112.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 30th. Raymond James Financial started coverage on Veralto in a research note on Tuesday, August 26th. They issued a “market perform” rating on the stock. Finally, Stifel Nicolaus set a $120.00 price target on Veralto and gave the company a “buy” rating in a research note on Wednesday, July 30th. Six analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat, the company 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 that occurred on Friday, August 29th. The stock was 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 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 legal filing with the SEC, which is available through this hyperlink. 0.36% of the stock is currently owned by corporate insiders.

Veralto Price Performance

Shares of VLTO opened at $101.78 on Friday. Veralto Corporation has a 52-week low of $83.86 and a 52-week high of $115.00. The company has a debt-to-equity ratio of 1.00, a quick ratio of 2.06 and a current ratio of 2.32. The business’s 50 day moving average price is $106.16 and its two-hundred day moving average price is $101.06. The firm has a market cap of $25.26 billion, a PE ratio of 28.43, a price-to-earnings-growth ratio of 3.36 and a beta of 0.90.

Veralto (NYSE:VLTO) last released its quarterly earnings data on Monday, July 28th. The company reported $0.93 EPS for the quarter, beating the consensus estimate of $0.89 by $0.04. The firm had revenue of $1.37 billion during the quarter, compared to the consensus estimate of $1.34 billion. Veralto had a return on equity of 41.45% and a net margin of 16.65%.The company’s quarterly revenue was up 6.4% on a year-over-year basis. During the same quarter in the previous year, the company 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 analysts anticipate that Veralto Corporation will post 3.66 EPS for the current year.

Veralto Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 31st. Stockholders of record on Tuesday, September 30th will be issued a dividend of $0.11 per share. The ex-dividend date is Tuesday, September 30th. This represents a $0.44 annualized dividend and a dividend yield of 0.4%. Veralto’s payout ratio is currently 12.29%.

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.