Advisors Preferred LLC Has $371,000 Stock Position in Veralto Corporation $VLTO

Advisors Preferred LLC decreased its stake in shares of Veralto Corporation (NYSE:VLTO) by 50.1% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 3,616 shares of the company’s stock after selling 3,635 shares during the quarter. Advisors Preferred LLC’s holdings in Veralto were worth $371,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Harbor Asset Planning Inc. acquired a new position in shares of Veralto during the 2nd quarter worth approximately $26,000. Truvestments Capital LLC increased its holdings in shares of Veralto by 148.5% during the 1st quarter. Truvestments Capital LLC now owns 328 shares of the company’s stock worth $32,000 after acquiring an additional 196 shares during the last quarter. Ameritas Advisory Services LLC acquired a new position in shares of Veralto during the 2nd quarter worth approximately $51,000. Cloud Capital Management LLC acquired a new position in shares of Veralto during the 1st quarter worth approximately $64,000. Finally, Marshall & Sullivan Inc. WA acquired a new position in shares of Veralto during the 2nd quarter worth approximately $74,000. 91.28% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on VLTO shares. Citigroup decreased their target price on Veralto from $112.00 to $111.00 and set a “neutral” rating on the stock in a report on Thursday. Robert W. Baird boosted their target price on Veralto from $106.00 to $112.00 and gave the stock a “neutral” rating in a report on Wednesday, July 30th. Weiss Ratings raised Veralto from a “hold (c+)” rating to a “buy (b-)” rating in a report on Wednesday, October 8th. Royal Bank Of Canada boosted their target price on Veralto from $108.00 to $111.00 and gave the stock a “sector perform” rating in a report on Thursday. Finally, Stifel Nicolaus set a $120.00 price target on Veralto and gave the company a “buy” rating in a research note on Wednesday, July 30th. Six equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $115.71.

Veralto Stock Performance

VLTO opened at $98.86 on Tuesday. The business has a fifty day simple moving average of $104.79 and a 200 day simple moving average of $102.28. The company has a market capitalization of $24.55 billion, a PE ratio of 27.09, a price-to-earnings-growth ratio of 3.08 and a beta of 0.89. Veralto Corporation has a 1 year low of $83.86 and a 1 year high of $110.11. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.57 and a quick ratio of 1.40.

Veralto (NYSE:VLTO) last released its earnings results on Tuesday, October 28th. The company reported $0.99 earnings per share for the quarter, beating analysts’ consensus estimates of $0.95 by $0.04. The firm had revenue of $1.40 billion during the quarter, compared to the consensus estimate of $1.40 billion. Veralto had a return on equity of 38.69% 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 period in the prior 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 expect that Veralto Corporation will post 3.66 EPS for the current year.

Veralto Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, October 31st. Stockholders of record on Tuesday, September 30th were 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 was Tuesday, September 30th. Veralto’s dividend payout ratio is presently 12.05%.

Insider Buying and Selling at Veralto

In other news, CEO Jennifer Honeycutt sold 10,646 shares of the company’s stock in a transaction 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 sale, 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 SEC, which can be accessed through this hyperlink. 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.