Veralto Corporation $VLTO Shares Sold by Securian Asset Management Inc.

Securian Asset Management Inc. trimmed its position in Veralto Corporation (NYSE:VLTO) by 0.8% during the second quarter, Holdings Channel.com reports. The firm owned 12,884 shares of the company’s stock after selling 100 shares during the period. Securian Asset Management Inc.’s holdings in Veralto were worth $1,301,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of VLTO. Nuveen LLC acquired a new stake in shares of Veralto in the 1st quarter valued at $172,399,000. Alliancebernstein L.P. raised 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 valued at $607,656,000 after purchasing an additional 1,363,502 shares in the last quarter. T. Rowe Price Investment Management Inc. raised 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 valued at $1,027,264,000 after purchasing an additional 811,843 shares in the last quarter. JPMorgan Chase & Co. raised its holdings 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. raised its holdings in shares of Veralto by 162.1% in 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 in the last quarter. 91.28% of the stock is currently owned by institutional investors and hedge funds.

Veralto Trading Up 1.0%

NYSE VLTO opened at $104.84 on Friday. 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 firm has a market cap of $26.02 billion, a PE ratio of 29.29, a P/E/G ratio of 3.42 and a beta of 0.90. Veralto Corporation has a one year low of $83.86 and a one year high of $115.00. The firm’s fifty day moving average is $105.72 and its two-hundred day moving average is $101.43.

Veralto (NYSE:VLTO) last posted its quarterly earnings data on Monday, July 28th. The company reported $0.93 EPS for the quarter, beating analysts’ consensus estimates of $0.89 by $0.04. The company 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%. Veralto’s quarterly revenue was up 6.4% on a year-over-year basis. During the same period in the previous year, the business 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. Analysts expect that Veralto Corporation will post 3.66 earnings per share for the current year.

Veralto Announces Dividend

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

Wall Street Analysts Forecast Growth

VLTO has been the topic of a number of analyst reports. Robert W. Baird raised their price objective on shares of Veralto from $106.00 to $112.00 and gave the company a “neutral” rating in a report on Wednesday, July 30th. Raymond James Financial assumed coverage on shares of Veralto in a research note on Tuesday, August 26th. They set a “market perform” rating on the stock. Royal Bank Of Canada lifted their price target 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. Weiss Ratings upgraded shares of Veralto from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Wednesday, October 8th. 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 analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $113.43.

Insider Buying and Selling

In other Veralto news, CEO Jennifer Honeycutt sold 10,646 shares of Veralto 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 transaction, the chief executive officer directly owned 106,219 shares in the company, valued at approximately $11,286,830.94. The trade was a 9.11% decrease in their ownership of the stock. The transaction 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.

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.