SG Americas Securities LLC Lowers Stake in Veralto Corporation $VLTO

SG Americas Securities LLC reduced its position in Veralto Corporation (NYSE:VLTO) by 53.4% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 24,011 shares of the company’s stock after selling 27,542 shares during the quarter. SG Americas Securities LLC’s holdings in Veralto were worth $2,424,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of VLTO. Baldwin Investment Management LLC boosted its holdings in Veralto by 3.4% in the 1st quarter. Baldwin Investment Management LLC now owns 3,219 shares of the company’s stock worth $314,000 after buying an additional 106 shares during the period. Phoenix Financial Ltd. lifted its position in shares of Veralto by 2.9% in the first quarter. Phoenix Financial Ltd. now owns 4,644 shares of the company’s stock valued at $454,000 after acquiring an additional 132 shares in the last quarter. Meiji Yasuda Asset Management Co Ltd. boosted its stake in shares of Veralto by 3.6% in the first quarter. Meiji Yasuda Asset Management Co Ltd. now owns 3,883 shares of the company’s stock worth $378,000 after acquiring an additional 134 shares during the period. Huntleigh Advisors Inc. grew its position in shares of Veralto by 0.5% during the second quarter. Huntleigh Advisors Inc. now owns 28,286 shares of the company’s stock worth $2,856,000 after purchasing an additional 134 shares in the last quarter. Finally, Argent Trust Co raised its stake in Veralto by 1.8% during the 1st quarter. Argent Trust Co now owns 8,096 shares of the company’s stock valued at $789,000 after purchasing an additional 140 shares during the period. 91.28% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

VLTO has been the subject of a number of research analyst reports. Wolfe Research raised shares of Veralto from a “hold” rating to a “strong-buy” rating in a report on Wednesday, July 30th. UBS Group upped their target price on shares of Veralto from $110.00 to $112.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 5th. Citigroup reduced their price target on shares of Veralto from $112.00 to $111.00 and set a “neutral” rating on the stock in a report on Thursday, October 30th. Weiss Ratings upgraded shares of Veralto from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Wednesday, October 8th. Finally, Raymond James Financial initiated coverage on Veralto in a research report on Tuesday, August 26th. They set a “market perform” rating for the company. Six equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat, the company presently has an average 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 the firm’s stock in a transaction dated 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 completion of the sale, 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 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 Trading Up 0.6%

Shares of NYSE VLTO opened at $98.34 on Thursday. 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. The business’s 50 day moving average is $102.96 and its two-hundred day moving average is $102.76. The stock has a market capitalization of $24.42 billion, a P/E ratio of 26.94, a PEG ratio of 3.05 and a beta of 0.89.

Veralto (NYSE:VLTO) last announced 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 firm had revenue of $1.40 billion during the quarter, compared to analysts’ expectations of $1.40 billion. Veralto had a return on equity of 38.69% and a net margin of 16.75%.The company’s quarterly revenue was up 6.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $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. As a group, research analysts expect that Veralto Corporation will post 3.66 EPS for the current year.

Veralto Dividend Announcement

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