Veralto Corporation $VLTO Shares Acquired by Intech Investment Management LLC

Intech Investment Management LLC lifted its holdings in shares of Veralto Corporation (NYSE:VLTO) by 4.8% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 349,244 shares of the company’s stock after acquiring an additional 15,912 shares during the period. Intech Investment Management LLC’s holdings in Veralto were worth $35,256,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Creative Planning grew its position in Veralto by 18.5% during the 2nd quarter. Creative Planning now owns 38,302 shares of the company’s stock worth $3,867,000 after purchasing an additional 5,972 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its stake in shares of Veralto by 7.5% during the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 60,789 shares of the company’s stock worth $6,137,000 after buying an additional 4,233 shares during the period. Burling Wealth Partners LLC boosted its stake in shares of Veralto by 4.5% during the second quarter. Burling Wealth Partners LLC now owns 33,797 shares of the company’s stock worth $3,412,000 after buying an additional 1,458 shares during the period. Avalon Trust Co grew its holdings in shares of Veralto by 3.8% during the second quarter. Avalon Trust Co now owns 136,876 shares of the company’s stock worth $13,818,000 after buying an additional 5,033 shares during the last quarter. Finally, ABN Amro Investment Solutions acquired a new position in Veralto in the 2nd quarter valued at about $1,419,000. Hedge funds and other institutional investors own 91.28% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on VLTO shares. Stifel Nicolaus set a $120.00 target price on Veralto and gave the company a “buy” rating in a research note on Wednesday, July 30th. Robert W. Baird increased 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. Wolfe Research upgraded shares of Veralto from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, July 30th. Raymond James Financial initiated coverage on shares of Veralto in a research report on Tuesday, August 26th. They set a “market perform” rating for the company. Finally, UBS Group raised their target price on shares of Veralto from $110.00 to $112.00 and gave the stock a “neutral” rating in a research note on Wednesday, November 5th. Six analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $115.25.

Insider Buying and Selling at Veralto

In other news, CEO Jennifer Honeycutt sold 10,646 shares of Veralto 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 transaction, the chief executive officer owned 106,219 shares of the company’s stock, valued at $11,286,830.94. The trade was a 9.11% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. 0.36% of the stock is currently owned by corporate insiders.

Veralto Price Performance

Shares of NYSE VLTO opened at $98.84 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. Veralto Corporation has a one year low of $83.86 and a one year high of $110.11. The firm has a market capitalization of $24.54 billion, a P/E ratio of 27.08, a PEG ratio of 3.08 and a beta of 0.89. The company’s fifty day moving average is $103.44 and its two-hundred day moving average is $102.64.

Veralto (NYSE:VLTO) last announced its quarterly earnings data on Tuesday, October 28th. The company reported $0.99 EPS for the quarter, beating the consensus estimate of $0.95 by $0.04. Veralto had a net margin of 16.75% and a return on equity of 38.69%. The firm had revenue of $1.40 billion during the quarter, compared to analysts’ expectations of $1.40 billion. During the same quarter last year, the business earned $0.89 earnings per share. The business’s revenue for the quarter 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. Analysts forecast 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 was paid on Friday, October 31st. Shareholders of record on Tuesday, September 30th were issued a $0.11 dividend. The ex-dividend date of this dividend was Tuesday, September 30th. This represents a $0.44 annualized dividend and a yield of 0.4%. Veralto’s dividend payout ratio is 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.