IQ EQ FUND MANAGEMENT IRELAND Ltd Boosts Stake in Veralto Corporation $VLTO

IQ EQ FUND MANAGEMENT IRELAND Ltd raised its position in shares of Veralto Corporation (NYSE:VLTO) by 21.1% in the second quarter, Holdings Channel.com reports. The fund owned 9,504 shares of the company’s stock after buying an additional 1,656 shares during the quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd’s holdings in Veralto were worth $959,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in VLTO. Brighton Jones LLC grew its position in Veralto by 16.1% during the fourth quarter. Brighton Jones LLC now owns 3,459 shares of the company’s stock valued at $352,000 after acquiring an additional 479 shares during the period. Cambridge Investment Research Advisors Inc. grew its position in Veralto by 1.3% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 8,784 shares of the company’s stock valued at $856,000 after acquiring an additional 113 shares during the period. Mirae Asset Global Investments Co. Ltd. grew its position in Veralto by 8.8% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 31,883 shares of the company’s stock valued at $3,062,000 after acquiring an additional 2,572 shares during the period. Allspring Global Investments Holdings LLC grew its position in Veralto by 9.4% during the first quarter. Allspring Global Investments Holdings LLC now owns 26,833 shares of the company’s stock valued at $2,619,000 after acquiring an additional 2,313 shares during the period. Finally, Vontobel Holding Ltd. grew its position in Veralto by 0.6% during the first quarter. Vontobel Holding Ltd. now owns 552,608 shares of the company’s stock valued at $53,852,000 after acquiring an additional 3,180 shares during the period. Hedge funds and other institutional investors own 91.28% of the company’s stock.

Veralto Trading Down 1.4%

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 one year low of $83.86 and a one year high of $110.11. The business’s 50-day simple moving average is $105.52 and its 200 day simple moving average is $101.93. The stock has a market cap of $25.48 billion, a price-to-earnings ratio of 28.68, a price-to-earnings-growth ratio of 3.43 and a beta of 0.90.

Veralto (NYSE:VLTO) last released its quarterly earnings results on Tuesday, October 28th. The company reported $0.99 EPS 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 analysts’ expectations of $1.40 billion. During the same quarter in the previous year, the firm posted $0.89 earnings per share. The company’s revenue was up 6.8% compared to the same quarter last year. 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, sell-side analysts predict that Veralto Corporation will post 3.66 earnings per share for the current fiscal 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 paid a $0.11 dividend. 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 12.29%.

Insider Activity at Veralto

In related news, CEO Jennifer Honeycutt sold 10,646 shares of the business’s stock in a transaction dated Friday, August 29th. The stock was sold at an average price of $106.26, for a total value of $1,131,243.96. Following the transaction, the chief executive officer 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 legal filing with the SEC, which can be accessed through this link. Company insiders own 0.36% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on VLTO shares. Robert W. Baird boosted their price target on Veralto from $106.00 to $112.00 and gave the company a “neutral” rating in a research report on Wednesday, July 30th. Weiss Ratings raised Veralto from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Wednesday, October 8th. Stifel Nicolaus set a $120.00 target price on Veralto and gave the stock a “buy” rating in a research report on Wednesday, July 30th. Wolfe Research raised Veralto from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, July 30th. Finally, Royal Bank Of Canada upped their target price on Veralto from $104.00 to $108.00 and gave the stock a “sector perform” rating in a research report 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 currently has a consensus rating of “Moderate Buy” and an average target price of $113.43.

Veralto 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.