PNC Financial Services Group Inc. Has $8.14 Million Stock Holdings in Veralto Corporation $VLTO

PNC Financial Services Group Inc. lessened its holdings in Veralto Corporation (NYSE:VLTO) by 8.2% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 81,536 shares of the company’s stock after selling 7,326 shares during the quarter. PNC Financial Services Group Inc.’s holdings in Veralto were worth $8,136,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of VLTO. Brighton Jones LLC boosted its position in shares of Veralto by 16.1% in the fourth quarter. Brighton Jones LLC now owns 3,459 shares of the company’s stock worth $352,000 after buying an additional 479 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of Veralto by 5.3% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 25,947 shares of the company’s stock worth $2,529,000 after acquiring an additional 1,306 shares in the last quarter. Empowered Funds LLC raised its holdings in shares of Veralto by 20.4% during the first quarter. Empowered Funds LLC now owns 4,551 shares of the company’s stock worth $443,000 after acquiring an additional 770 shares in the last quarter. Geneos Wealth Management Inc. raised its holdings in shares of Veralto by 102.4% during the first quarter. Geneos Wealth Management Inc. now owns 832 shares of the company’s stock worth $81,000 after acquiring an additional 421 shares in the last quarter. Finally, Sivia Capital Partners LLC purchased a new stake in shares of Veralto during the second quarter worth $201,000. Institutional investors and hedge funds own 91.28% of the company’s stock.

Veralto Price Performance

NYSE VLTO opened at $86.98 on Monday. Veralto Corporation has a fifty-two week low of $84.45 and a fifty-two week high of $110.11. The stock’s 50-day moving average is $88.33 and its two-hundred day moving average is $94.88. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.48 and a quick ratio of 1.32. The firm has a market cap of $21.36 billion, a P/E ratio of 22.47, a price-to-earnings-growth ratio of 2.45 and a beta of 0.77.

Veralto (NYSE:VLTO) last posted its earnings results on Tuesday, April 28th. The company reported $1.07 earnings per share for the quarter, beating the consensus estimate of $1.02 by $0.05. Veralto had a return on equity of 34.63% and a net margin of 17.33%.The company had revenue of $1.42 billion for the quarter, compared to analyst estimates of $1.40 billion. During the same period last year, the company earned $0.95 earnings per share. The business’s revenue was up 6.8% compared to the same quarter last year. Veralto has set its FY 2026 guidance at 4.200-4.280 EPS and its Q2 2026 guidance at 0.960-1.000 EPS. On average, analysts anticipate that Veralto Corporation will post 4.23 earnings per share for the current fiscal year.

Veralto Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, July 31st. Shareholders of record on Tuesday, June 30th will be issued a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a yield of 0.6%. The ex-dividend date is Tuesday, June 30th. Veralto’s dividend payout ratio (DPR) is 13.44%.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on VLTO shares. Stifel Nicolaus cut their price objective on Veralto from $118.00 to $110.00 and set a “buy” rating for the company in a report on Tuesday, April 14th. Royal Bank Of Canada increased their price objective on Veralto from $99.00 to $100.00 and gave the stock a “sector perform” rating in a report on Thursday, April 30th. BMO Capital Markets reiterated an “outperform” rating on shares of Veralto in a report on Wednesday, February 11th. Jefferies Financial Group started coverage on Veralto in a report on Tuesday, March 31st. They set a “buy” rating and a $110.00 price objective for the company. Finally, UBS Group increased their price objective on Veralto from $99.00 to $101.00 and gave the stock a “neutral” rating in a report on Friday, May 1st. Five analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $105.88.

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. This segment provides water solutions, including chemical reagents, services, and digital solutions.