Veralto Corporation $VLTO Shares Sold by Candriam S.C.A.

Candriam S.C.A. cut its stake in Veralto Corporation (NYSE:VLTO) by 6.2% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 242,684 shares of the company’s stock after selling 16,003 shares during the period. Candriam S.C.A.’s holdings in Veralto were worth $24,500,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Harbor Asset Planning Inc. purchased a new position in Veralto in the 2nd quarter worth $26,000. Truvestments Capital LLC increased its holdings in shares of Veralto by 148.5% in the first quarter. Truvestments Capital LLC now owns 328 shares of the company’s stock valued at $32,000 after purchasing an additional 196 shares during the period. Ameritas Advisory Services LLC purchased a new position in shares of Veralto in the second quarter worth about $51,000. Marshall & Sullivan Inc. WA purchased a new position in shares of Veralto in the second quarter worth about $74,000. Finally, IFP Advisors Inc lifted its holdings in shares of Veralto by 70.8% during the second quarter. IFP Advisors Inc now owns 750 shares of the company’s stock worth $76,000 after purchasing an additional 311 shares during the period. Hedge funds and other institutional investors own 91.28% of the company’s stock.

Wall Street Analyst Weigh In

VLTO has been the subject of a number of recent research reports. Raymond James Financial began coverage on shares of Veralto in a research report on Tuesday, August 26th. They set a “market perform” rating for the company. Stifel Nicolaus set a $120.00 target price on shares of Veralto and gave the stock a “buy” rating in a report on Wednesday, July 30th. Weiss Ratings raised shares of Veralto from a “hold (c+)” rating to a “buy (b-)” rating in a report on Wednesday, October 8th. UBS Group increased their price target on Veralto from $110.00 to $112.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 5th. Finally, Citigroup decreased their price objective on Veralto from $112.00 to $111.00 and set a “neutral” rating for the company in a report on Thursday, October 30th. Six equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $115.25.

Insider Buying and Selling

In other Veralto news, CEO Jennifer Honeycutt sold 10,646 shares of the firm’s stock in a transaction on 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. This trade represents a 9.11% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 0.36% of the company’s stock.

Veralto Price Performance

Shares of NYSE VLTO opened at $98.53 on Friday. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.40 and a current ratio of 1.57. The firm has a fifty day moving average of $103.57 and a 200 day moving average of $102.59. The firm has a market cap of $24.46 billion, a PE ratio of 26.99, a PEG ratio of 3.05 and a beta of 0.89. Veralto Corporation has a one year low of $83.86 and a one year high of $110.11.

Veralto (NYSE:VLTO) last released its earnings results on Tuesday, October 28th. The company reported $0.99 EPS for the quarter, topping analysts’ consensus estimates of $0.95 by $0.04. The business had revenue of $1.40 billion during the quarter, compared to analysts’ expectations of $1.40 billion. Veralto had a net margin of 16.75% and a return on equity of 38.69%. The company’s quarterly revenue was up 6.8% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.89 earnings per share. 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, research analysts predict that Veralto Corporation will post 3.66 EPS for the current fiscal year.

Veralto Dividend Announcement

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

Veralto Company 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.