Applied Finance Capital Management LLC Sells 191 Shares of Veralto Corporation $VLTO

Applied Finance Capital Management LLC decreased its stake in Veralto Corporation (NYSE:VLTO) by 3.1% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 6,039 shares of the company’s stock after selling 191 shares during the period. Applied Finance Capital Management LLC’s holdings in Veralto were worth $610,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in VLTO. Nuveen LLC bought a new position in shares of Veralto in the 1st quarter worth $172,399,000. Alliancebernstein L.P. increased its holdings in shares of Veralto by 28.0% in the 1st quarter. Alliancebernstein L.P. now owns 6,235,563 shares of the company’s stock worth $607,656,000 after buying an additional 1,363,502 shares during the last quarter. T. Rowe Price Investment Management Inc. increased its holdings in shares of Veralto by 8.3% in the 1st quarter. T. Rowe Price Investment Management Inc. now owns 10,541,438 shares of the company’s stock worth $1,027,264,000 after buying an additional 811,843 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in shares of Veralto by 26.8% in the 1st quarter. JPMorgan Chase & Co. now owns 3,223,571 shares of the company’s stock valued at $314,137,000 after purchasing an additional 682,123 shares in the last quarter. Finally, Robeco Institutional Asset Management B.V. grew its holdings in shares of Veralto by 162.1% during the 2nd quarter. Robeco Institutional Asset Management B.V. now owns 1,064,810 shares of the company’s stock valued at $107,493,000 after purchasing an additional 658,529 shares during the last quarter. Institutional investors own 91.28% of the company’s stock.

Veralto Trading Up 1.0%

Shares of VLTO opened at $102.88 on Friday. The stock has a market capitalization of $25.53 billion, a P/E ratio of 28.74, a PEG ratio of 3.36 and a beta of 0.90. 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 firm has a fifty day simple moving average of $106.06 and a two-hundred day simple moving average of $101.10. Veralto Corporation has a twelve month low of $83.86 and a twelve month high of $115.00.

Veralto (NYSE:VLTO) last announced its quarterly earnings results on Monday, July 28th. The company reported $0.93 earnings per share for the quarter, beating the consensus estimate of $0.89 by $0.04. The business had revenue of $1.37 billion during the quarter, compared to analysts’ expectations 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% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.85 EPS. Veralto has set its FY 2025 guidance at 3.720-3.800 EPS. Q3 2025 guidance at 0.910-0.950 EPS. On average, research analysts anticipate that Veralto Corporation will post 3.66 EPS for the current year.

Veralto Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 31st. Investors of record on Tuesday, September 30th will be given a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a yield of 0.4%. The ex-dividend date of this dividend is Tuesday, September 30th. Veralto’s dividend payout ratio (DPR) is 12.29%.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on VLTO shares. Barclays reduced their target price on shares of Veralto from $120.00 to $119.00 and set an “overweight” rating on the stock in a report on Monday, October 6th. Weiss Ratings raised shares of Veralto from a “hold (c+)” rating to a “buy (b-)” rating in a report on Wednesday, October 8th. Raymond James Financial started coverage on shares of Veralto in a report on Tuesday, August 26th. They set a “market perform” rating on the stock. Royal Bank Of Canada increased their target price on shares of Veralto from $104.00 to $108.00 and gave the company a “sector perform” rating in a report on Wednesday, July 30th. Finally, Robert W. Baird increased their target price on shares of Veralto from $106.00 to $112.00 and gave the company a “neutral” rating in a report on Wednesday, July 30th. Six investment 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, the company has an average rating of “Moderate Buy” and a consensus price target of $113.43.

Insider Transactions at Veralto

In other Veralto news, CEO Jennifer Honeycutt sold 10,646 shares of Veralto stock in a transaction dated 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 of the company’s stock, valued at approximately $11,286,830.94. The trade was a 9.11% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 0.36% of the stock is currently owned by company 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.