Veralto Corporation $VLTO Shares Bought by Profund Advisors LLC

Profund Advisors LLC lifted its position in shares of Veralto Corporation (NYSE:VLTO) by 20.8% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 3,118 shares of the company’s stock after buying an additional 537 shares during the quarter. Profund Advisors LLC’s holdings in Veralto were worth $315,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Harbor Asset Planning Inc. purchased a new position in Veralto during the 2nd quarter valued at about $26,000. Truvestments Capital LLC grew its position 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 last quarter. Ameritas Advisory Services LLC purchased a new position in shares of Veralto during the 2nd quarter worth approximately $51,000. Marshall & Sullivan Inc. WA acquired a new position in shares of Veralto during the 2nd quarter worth approximately $74,000. Finally, IFP Advisors Inc raised its position in shares of Veralto by 70.8% during the 2nd quarter. IFP Advisors Inc now owns 750 shares of the company’s stock worth $76,000 after purchasing an additional 311 shares during the last quarter. 91.28% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Veralto

In other Veralto news, CEO Jennifer Honeycutt sold 10,646 shares of Veralto stock in a transaction on Friday, August 29th. The shares were 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 $11,286,830.94. This trade represents a 9.11% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.36% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of brokerages have commented on VLTO. Wolfe Research upgraded Veralto from a “hold” rating to a “strong-buy” rating in a report on Wednesday, July 30th. Raymond James Financial initiated coverage on Veralto in a research note on Tuesday, August 26th. They set a “market perform” rating on the stock. Robert W. Baird lifted their price objective on Veralto from $106.00 to $112.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 30th. Citigroup cut their target price on shares of Veralto from $112.00 to $111.00 and set a “neutral” rating for the company in a research note on Thursday, October 30th. Finally, Weiss Ratings raised shares of Veralto from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Wednesday, October 8th. Six analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat.com, Veralto currently has an average rating of “Moderate Buy” and an average target price of $115.25.

Veralto Stock Up 0.3%

Shares of NYSE:VLTO opened at $98.84 on Friday. The stock’s 50-day moving average price is $103.44 and its two-hundred day moving average price is $102.64. The company has a current ratio of 1.57, a quick ratio of 1.40 and a debt-to-equity ratio of 0.69. Veralto Corporation has a 12-month low of $83.86 and a 12-month high of $110.11. The firm has a market cap of $24.54 billion, a price-to-earnings ratio of 27.08, a PEG ratio of 3.08 and a beta of 0.89.

Veralto (NYSE:VLTO) last posted its quarterly earnings data on Tuesday, October 28th. The company reported $0.99 EPS for the quarter, beating analysts’ consensus estimates of $0.95 by $0.04. The company had revenue of $1.40 billion during the quarter, compared to the consensus estimate 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% compared to the same quarter last year. During the same quarter 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. On average, research analysts forecast that Veralto Corporation will post 3.66 EPS for the current year.

Veralto Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, October 31st. Shareholders of record on Tuesday, September 30th were paid a dividend of $0.11 per share. The ex-dividend date of this dividend was Tuesday, September 30th. This represents a $0.44 dividend on an annualized basis and a yield of 0.4%. Veralto’s dividend payout ratio (DPR) is currently 12.05%.

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.