Evelyn Partners Investment Management LLP Cuts Position in Veralto Corporation $VLTO

Evelyn Partners Investment Management LLP lowered its position in shares of Veralto Corporation (NYSE:VLTO) by 14.2% in the second quarter, according to its most recent 13F filing with the SEC. The firm owned 6,323 shares of the company’s stock after selling 1,047 shares during the quarter. Evelyn Partners Investment Management LLP’s holdings in Veralto were worth $638,000 as of its most recent filing with the SEC.

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

Analyst Upgrades and Downgrades

VLTO has been the subject of several recent research reports. Citigroup lowered their price objective on shares of Veralto from $112.00 to $111.00 and set a “neutral” rating for the company in a research report on Thursday, October 30th. Raymond James Financial began coverage on shares of Veralto in a report on Tuesday, August 26th. They issued a “market perform” rating on the stock. Wolfe Research raised Veralto from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, July 30th. Robert W. Baird increased their price target on Veralto from $106.00 to $112.00 and gave the company a “neutral” rating in a report on Wednesday, July 30th. Finally, Royal Bank Of Canada raised their price objective on Veralto from $108.00 to $111.00 and gave the company a “sector perform” rating in a research note on Thursday, October 30th. Six investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $115.25.

Insider Activity at Veralto

In related news, CEO Jennifer Honeycutt sold 10,646 shares of the business’s stock in a transaction dated Friday, August 29th. The shares were 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 owned 106,219 shares of the company’s stock, valued at $11,286,830.94. This represents a 9.11% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.36% of the company’s stock.

Veralto Stock Up 1.9%

NYSE:VLTO opened at $99.13 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 company has a market capitalization of $24.61 billion, a price-to-earnings ratio of 27.16, a price-to-earnings-growth ratio of 3.04 and a beta of 0.89. Veralto Corporation has a one year low of $83.86 and a one year high of $110.11. The stock has a 50-day simple moving average of $102.53 and a 200 day simple moving average of $102.75.

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 company had revenue of $1.40 billion for 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%.Veralto’s quarterly revenue was up 6.8% compared to the same quarter last year. During the same quarter last year, the business 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. Sell-side analysts predict that Veralto Corporation will post 3.66 EPS for the current fiscal year.

Veralto Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, October 31st. Stockholders of record on Tuesday, September 30th were given a $0.11 dividend. 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 (DPR) is presently 12.05%.

Veralto 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.