Swiss National Bank lifted its position in shares of Veralto Corporation (NYSE:VLTO – Free Report) by 7.2% during the first quarter, HoldingsChannel reports. The fund owned 728,669 shares of the company’s stock after acquiring an additional 48,700 shares during the quarter. Swiss National Bank’s holdings in Veralto were worth $64,429,000 as of its most recent filing with the Securities & Exchange Commission.
Several other large investors have also recently added to or reduced their stakes in VLTO. Laurel Wealth Advisors LLC purchased a new position in Veralto during the fourth quarter worth about $25,000. Annis Gardner Whiting Capital Advisors LLC boosted its holdings in 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 purchasing an additional 129 shares in the last quarter. Creative Capital Management Investments LLC increased its position in Veralto by 45.9% during the 4th quarter. Creative Capital Management Investments LLC now owns 340 shares of the company’s stock worth $34,000 after purchasing an additional 107 shares during the period. DV Equities LLC acquired a new position in Veralto during the 4th quarter worth approximately $35,000. Finally, Elyxium Wealth LLC purchased a new position in shares of Veralto during the 4th quarter worth approximately $37,000. 91.28% of the stock is owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
Several analysts have recently commented on VLTO shares. Stifel Nicolaus raised their price target on Veralto from $110.00 to $111.00 and gave the company a “buy” rating in a report on Monday. Wolfe Research reaffirmed an “outperform” rating and set a $109.00 price objective on shares of Veralto in a report on Thursday, July 9th. Barclays cut their price objective on Veralto from $117.00 to $113.00 and set an “overweight” rating for the company in a research report on Thursday, April 30th. Weiss Ratings reissued a “hold (c)” rating on shares of Veralto in a report on Wednesday, June 24th. Finally, Robert W. Baird set a $103.00 target price on shares of Veralto in a research report on Thursday, April 30th. Five research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $106.33.
Veralto Price Performance
VLTO stock opened at $90.06 on Wednesday. The firm has a 50 day moving average of $87.28 and a 200-day moving average of $91.17. The company has a market cap of $22.12 billion, a price-to-earnings ratio of 23.27, a PEG ratio of 2.62 and a beta of 0.63. The company has a current ratio of 1.48, a quick ratio of 1.32 and a debt-to-equity ratio of 0.65. Veralto Corporation has a 12-month low of $80.03 and a 12-month high of $110.11.
Veralto (NYSE:VLTO – Get Free Report) last released its quarterly earnings results on Tuesday, April 28th. The company reported $1.07 earnings per share for the quarter, topping analysts’ consensus estimates of $1.02 by $0.05. Veralto had a return on equity of 34.63% and a net margin of 17.33%.The business had revenue of $1.42 billion for the quarter, compared to analysts’ expectations of $1.40 billion. During the same quarter in the prior year, the firm posted $0.95 EPS. The company’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. As a group, equities analysts expect that Veralto Corporation will post 4.24 EPS for the current fiscal year.
Veralto Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Friday, July 31st. Shareholders of record on Tuesday, June 30th will be given a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a yield of 0.6%. The ex-dividend date is Tuesday, June 30th. Veralto’s payout ratio is presently 13.44%.
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.
Featured Stories
- Five stocks we like better than Veralto
- Confidence Is Back, But Earnings Show the Consumer Is Being Picky
- AeroVironment’s Stock Is Down, But Drone Demand Is Taking Off
- 3M’s Redemption Arc: Can Q2 Earnings Change the Narrative?
- 3 Photonics Companies Making Quantum Tech Possible
Want to see what other hedge funds are holding VLTO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Veralto Corporation (NYSE:VLTO – Free Report).
Receive News & Ratings for Veralto Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Veralto and related companies with MarketBeat.com's FREE daily email newsletter.
