ELCO Management Co. LLC Increases Stock Holdings in Veralto Corporation $VLTO

ELCO Management Co. LLC boosted its position in shares of Veralto Corporation (NYSE:VLTO) by 89.4% in the second quarter, HoldingsChannel.com reports. The fund owned 5,619 shares of the company’s stock after purchasing an additional 2,652 shares during the period. ELCO Management Co. LLC’s holdings in Veralto were worth $567,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of VLTO. Harbor Asset Planning Inc. purchased a new position in Veralto during the 2nd quarter valued at about $26,000. Truvestments Capital LLC boosted its holdings in Veralto by 148.5% during the 1st quarter. Truvestments Capital LLC now owns 328 shares of the company’s stock valued at $32,000 after acquiring an additional 196 shares during the period. Ameritas Advisory Services LLC purchased a new position in Veralto during the 2nd quarter valued at about $51,000. Cloud Capital Management LLC purchased a new position in Veralto during the 1st quarter valued at about $64,000. Finally, Marshall & Sullivan Inc. WA purchased a new position in Veralto during the 2nd quarter valued at about $74,000. 91.28% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the company. Weiss Ratings upgraded Veralto from a “hold (c+)” rating to a “buy (b-)” rating in a report on Wednesday, October 8th. Stifel Nicolaus set a $120.00 price objective on Veralto and gave the company a “buy” rating in a research note on Wednesday, July 30th. Royal Bank Of Canada lifted their price objective on Veralto from $104.00 to $108.00 and gave the company a “sector perform” rating in a research note on Wednesday, July 30th. Raymond James Financial began coverage on Veralto in a research note on Tuesday, August 26th. They issued a “market perform” rating for the company. Finally, Robert W. Baird lifted their price objective on 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 assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $113.43.

Insider Buying and Selling at Veralto

In other news, CEO Jennifer Honeycutt sold 10,646 shares of the firm’s stock in a transaction dated 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 sale, the chief executive officer owned 106,219 shares of the company’s stock, valued at approximately $11,286,830.94. This trade represents a 9.11% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.36% of the company’s stock.

Veralto Price Performance

Shares of NYSE VLTO opened at $102.67 on Wednesday. The company has a debt-to-equity ratio of 1.00, a quick ratio of 2.06 and a current ratio of 2.32. Veralto Corporation has a fifty-two week low of $83.86 and a fifty-two week high of $110.11. The firm has a market capitalization of $25.48 billion, a PE ratio of 28.68, a price-to-earnings-growth ratio of 3.43 and a beta of 0.90. The stock’s 50-day simple moving average is $105.52 and its 200-day simple moving average is $101.93.

Veralto (NYSE:VLTO) last issued its earnings results on Tuesday, October 28th. The company reported $0.99 earnings per share for the quarter, topping the consensus estimate of $0.95 by $0.04. Veralto had a return on equity of 41.45% and a net margin of 16.65%.The business had revenue of $1.40 billion for the quarter, compared to analyst estimates of $1.40 billion. During the same quarter last year, the company earned $0.89 EPS. The business’s quarterly revenue was up 6.8% on a year-over-year basis. Veralto has set its FY 2025 guidance at 3.820-3.850 EPS. Q4 2025 guidance at 0.950-0.980 EPS. As a group, equities research analysts forecast that Veralto Corporation will post 3.66 EPS for the current fiscal year.

Veralto Dividend Announcement

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