New York Life Investment Management LLC Increases Stock Holdings in Veralto Corporation $VLTO

New York Life Investment Management LLC boosted its position in Veralto Corporation (NYSE:VLTO) by 1.9% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 33,650 shares of the company’s stock after purchasing an additional 632 shares during the period. New York Life Investment Management LLC’s holdings in Veralto were worth $3,397,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in VLTO. Harbor Asset Planning Inc. bought a new position in shares of Veralto during the 2nd quarter valued at approximately $26,000. Truvestments Capital LLC grew its stake in shares of 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 bought a new position in shares of Veralto during the 2nd quarter valued at approximately $51,000. Cloud Capital Management LLC bought a new position in shares of Veralto during the 1st quarter valued at approximately $64,000. Finally, Marshall & Sullivan Inc. WA bought a new position in shares of Veralto during the 2nd quarter valued at approximately $74,000. 91.28% of the stock is owned by hedge funds and other institutional investors.

Veralto Stock Up 0.8%

NYSE VLTO opened at $100.31 on Friday. The stock’s 50 day moving average is $105.17 and its 200 day moving average is $101.99. The company has a current ratio of 2.32, a quick ratio of 2.06 and a debt-to-equity ratio of 1.00. Veralto Corporation has a 12 month low of $83.86 and a 12 month high of $110.11. The stock has a market cap of $24.89 billion, a PE ratio of 27.48, a P/E/G ratio of 3.26 and a beta of 0.90.

Veralto (NYSE:VLTO) last released its quarterly earnings data on Tuesday, October 28th. The company reported $0.99 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.95 by $0.04. The business had revenue of $1.40 billion for the quarter, compared to the consensus estimate of $1.40 billion. Veralto had a return on equity of 40.80% and a net margin of 16.75%.The company’s revenue was up 6.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.89 EPS. Veralto has set its FY 2025 guidance at 3.820-3.850 EPS. Q4 2025 guidance at 0.950-0.980 EPS. Research analysts predict that Veralto Corporation will post 3.66 EPS for the current fiscal year.

Veralto Announces Dividend

The company 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 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date is Tuesday, September 30th. Veralto’s dividend payout ratio is currently 12.29%.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on VLTO shares. Raymond James Financial started coverage on Veralto in a research note on Tuesday, August 26th. They set a “market perform” rating for the company. Citigroup cut their price objective on Veralto from $112.00 to $111.00 and set a “neutral” rating for the company in a research note on Thursday. Weiss Ratings upgraded Veralto from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Wednesday, October 8th. Robert W. Baird boosted their price target on Veralto from $106.00 to $112.00 and gave the stock a “neutral” rating in a report on Wednesday, July 30th. Finally, Stifel Nicolaus set a $120.00 price target on Veralto and gave the stock a “buy” rating in a 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. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $115.71.

Insider Activity at Veralto

In other news, CEO Jennifer Honeycutt sold 10,646 shares of the stock in a transaction that occurred on 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 completion of the transaction, the chief executive officer directly owned 106,219 shares in the company, valued at approximately $11,286,830.94. This represents a 9.11% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.36% of the company’s stock.

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.