Glenmede Trust Co. NA Buys 88,192 Shares of Veralto Corporation $VLTO

Glenmede Trust Co. NA grew its stake in Veralto Corporation (NYSE:VLTO) by 1,381.2% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 94,577 shares of the company’s stock after buying an additional 88,192 shares during the period. Glenmede Trust Co. NA’s holdings in Veralto were worth $8,362,000 as of its most recent filing with the Securities and Exchange Commission.

Other 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 fourth quarter worth approximately $25,000. Annis Gardner Whiting Capital Advisors LLC increased its position in Veralto by 82.2% during 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 during the period. Creative Capital Management Investments LLC raised its holdings 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 last quarter. DV Equities LLC bought a new position in Veralto during the 4th quarter worth approximately $35,000. Finally, Elyxium Wealth LLC acquired a new position in shares of Veralto in the 4th quarter worth approximately $37,000. 91.28% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on VLTO. Barclays upped their price objective on shares of Veralto from $113.00 to $117.00 and gave the company an “overweight” rating in a research note on Thursday. Stifel Nicolaus lifted their target price on shares of Veralto from $111.00 to $114.00 and gave the stock a “buy” rating in a research note on Thursday. Citigroup boosted their target price on shares of Veralto from $102.00 to $107.00 and gave the company a “neutral” rating in a report on Thursday, July 30th. UBS Group upped their price target on shares of Veralto from $98.00 to $104.00 and gave the company a “neutral” rating in a research report on Thursday. Finally, Wolfe Research reiterated an “outperform” rating and set a $109.00 price target on shares of Veralto in a report on Thursday, July 9th. Six investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $110.90.

Veralto Price Performance

Shares of VLTO opened at $94.81 on Tuesday. Veralto Corporation has a 52-week low of $80.03 and a 52-week high of $110.11. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.61 and a current ratio of 1.78. The business’s 50 day moving average price is $88.78 and its two-hundred day moving average price is $90.78. The firm has a market cap of $23.11 billion, a PE ratio of 23.94, a price-to-earnings-growth ratio of 2.55 and a beta of 0.60.

Veralto (NYSE:VLTO) last announced its quarterly earnings data on Tuesday, July 28th. The company reported $1.11 EPS for the quarter, topping the consensus estimate of $1.01 by $0.10. The company had revenue of $1.47 billion during the quarter, compared to the consensus estimate of $1.45 billion. Veralto had a net margin of 17.35% and a return on equity of 34.76%. The company’s quarterly revenue was up 7.5% on a year-over-year basis. During the same quarter last year, the firm posted $0.93 EPS. Veralto has set its FY 2026 guidance at 4.350-4.430 EPS and its Q3 2026 guidance at 1.060-1.090 EPS. On average, equities analysts anticipate that Veralto Corporation will post 4.41 EPS for the current year.

Veralto Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, July 31st. Investors of record on Tuesday, June 30th were paid a dividend of $0.13 per share. The ex-dividend date of this dividend was Tuesday, June 30th. This represents a $0.52 annualized dividend and a yield of 0.5%. Veralto’s dividend payout ratio is currently 13.13%.

Insider Buying and Selling

In other Veralto news, CEO Jennifer Honeycutt sold 7,097 shares of the firm’s stock in a transaction on Wednesday, July 29th. The shares were sold at an average price of $101.52, for a total value of $720,487.44. Following the completion of the sale, the chief executive officer directly owned 124,085 shares in the company, valued at approximately $12,597,109.20. This trade represents a 5.41% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.43% of the company’s stock.

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.