Prudential PLC Has $7.61 Million Stock Position in Veralto Corporation $VLTO

Prudential PLC decreased its position in Veralto Corporation (NYSE:VLTO) by 38.3% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 76,266 shares of the company’s stock after selling 47,300 shares during the period. Prudential PLC’s holdings in Veralto were worth $7,610,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Laurel Wealth Advisors LLC acquired a new position in shares of Veralto in the 4th quarter valued at $25,000. Goodman Advisory Group LLC acquired a new position in shares of Veralto in the 3rd quarter valued at $29,000. Annis Gardner Whiting Capital Advisors LLC grew its holdings in shares of Veralto by 82.2% in the 4th quarter. Annis Gardner Whiting Capital Advisors LLC now owns 286 shares of the company’s stock valued at $29,000 after buying an additional 129 shares during the period. Board of the Pension Protection Fund acquired a new position in shares of Veralto in the 4th quarter valued at $30,000. Finally, Creative Capital Management Investments LLC grew its holdings in shares of Veralto by 45.9% in the 4th quarter. Creative Capital Management Investments LLC now owns 340 shares of the company’s stock valued at $34,000 after buying an additional 107 shares during the period. Institutional investors and hedge funds own 91.28% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the stock. Jefferies Financial Group assumed coverage on shares of Veralto in a report on Tuesday, March 31st. They issued a “buy” rating and a $110.00 price target for the company. Citigroup reduced their target price on shares of Veralto from $104.00 to $102.00 and set a “neutral” rating for the company in a research note on Thursday, April 30th. BMO Capital Markets reaffirmed an “outperform” rating on shares of Veralto in a research note on Wednesday, February 11th. Barclays reduced their target price on shares of Veralto from $117.00 to $113.00 and set an “overweight” rating for the company in a research note on Thursday, April 30th. Finally, Robert W. Baird set a $103.00 target price on shares of Veralto in a research note on Thursday, April 30th. Five investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat.com, Veralto currently has a consensus rating of “Hold” and a consensus price target of $105.88.

Veralto Trading Up 1.7%

Veralto stock opened at $86.17 on Friday. 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 50-day moving average of $87.37 and a 200-day moving average of $93.91. The company has a market cap of $21.16 billion, a price-to-earnings ratio of 22.27, a P/E/G ratio of 2.43 and a beta of 0.69. Veralto Corporation has a one year low of $80.03 and a one year high of $110.11.

Veralto (NYSE:VLTO) last issued its earnings results on Tuesday, April 28th. The company reported $1.07 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.02 by $0.05. The company had revenue of $1.42 billion for the quarter, compared to analysts’ expectations of $1.40 billion. Veralto had a net margin of 17.33% and a return on equity of 34.63%. Veralto’s quarterly revenue was up 6.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.95 EPS. 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, equities analysts expect that Veralto Corporation will post 4.23 earnings per share for the current fiscal year.

Veralto Announces Dividend

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

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