Veralto Corporation $VLTO Shares Purchased by Sequoia Financial Advisors LLC

Sequoia Financial Advisors LLC lifted its position in Veralto Corporation (NYSE:VLTO) by 62.0% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 9,992 shares of the company’s stock after purchasing an additional 3,824 shares during the period. Sequoia Financial Advisors LLC’s holdings in Veralto were worth $1,009,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently made changes to their positions in the company. Nuveen LLC purchased a new stake in Veralto in the 1st quarter worth $172,399,000. Alliancebernstein L.P. increased its holdings in 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 acquiring an additional 1,363,502 shares in the last quarter. T. Rowe Price Investment Management Inc. increased its holdings in 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 acquiring an additional 811,843 shares in the last quarter. JPMorgan Chase & Co. increased its holdings in Veralto by 26.8% in the 1st 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 in the last quarter. Finally, Robeco Institutional Asset Management B.V. grew its holdings in shares of Veralto by 162.1% during 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 buying an additional 658,529 shares in the last quarter. 91.28% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, CEO Jennifer Honeycutt sold 10,646 shares of the business’s 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 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 position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.36% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently weighed in 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. Royal Bank Of Canada increased their price target on shares of Veralto from $104.00 to $108.00 and gave the stock a “sector perform” rating in a research report on Wednesday, July 30th. Barclays cut their target price on shares of Veralto from $120.00 to $119.00 and set an “overweight” rating on the stock in a research note on Monday, October 6th. Stifel Nicolaus set a $120.00 price target on shares of Veralto and gave the company a “buy” rating in a research note on Wednesday, July 30th. Finally, Robert W. Baird increased their price target on shares of Veralto from $106.00 to $112.00 and gave the company a “neutral” 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.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $113.43.

Veralto Price Performance

Shares of NYSE VLTO opened at $102.88 on Friday. Veralto Corporation has a 1-year low of $83.86 and a 1-year 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. The stock has a fifty day moving average price of $106.06 and a 200 day moving average price of $101.10. The company has a market cap of $25.53 billion, a PE ratio of 28.74, a P/E/G ratio of 3.36 and a beta of 0.90.

Veralto (NYSE:VLTO) last released its earnings results on Monday, July 28th. The company reported $0.93 EPS for the quarter, beating analysts’ consensus estimates of $0.89 by $0.04. Veralto had a return on equity of 41.45% and a net margin of 16.65%.The company had revenue of $1.37 billion during the quarter, compared to the consensus estimate of $1.34 billion. During the same quarter last year, the company earned $0.85 earnings per share. Veralto’s quarterly revenue was up 6.4% compared to the same quarter last year. Veralto has set its FY 2025 guidance at 3.720-3.800 EPS. Q3 2025 guidance at 0.910-0.950 EPS. Sell-side analysts forecast that Veralto Corporation will post 3.66 EPS for the current year.

Veralto Dividend Announcement

The company also recently declared 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. The ex-dividend date is Tuesday, September 30th. This represents a $0.44 dividend on an annualized basis and a dividend yield of 0.4%. Veralto’s dividend payout ratio (DPR) is currently 12.29%.

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.