Veralto Corporation $VLTO Stake Lessened by Envestnet Portfolio Solutions Inc.

Envestnet Portfolio Solutions Inc. cut its stake in Veralto Corporation (NYSE:VLTO) by 25.4% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,395 shares of the company’s stock after selling 3,872 shares during the period. Envestnet Portfolio Solutions Inc.’s holdings in Veralto were worth $1,150,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Sequoia Financial Advisors LLC boosted its holdings in shares of Veralto by 62.0% in the second quarter. Sequoia Financial Advisors LLC now owns 9,992 shares of the company’s stock valued at $1,009,000 after acquiring an additional 3,824 shares in the last quarter. Yousif Capital Management LLC boosted its holdings in shares of Veralto by 2.5% in the second quarter. Yousif Capital Management LLC now owns 38,685 shares of the company’s stock valued at $3,905,000 after acquiring an additional 931 shares in the last quarter. MGO One Seven LLC bought a new position in shares of Veralto in the second quarter valued at approximately $341,000. Allspring Global Investments Holdings LLC boosted its holdings in shares of Veralto by 38.8% in the second quarter. Allspring Global Investments Holdings LLC now owns 37,254 shares of the company’s stock valued at $3,822,000 after acquiring an additional 10,421 shares in the last quarter. Finally, CWM LLC boosted its holdings in shares of Veralto by 178.1% in the second quarter. CWM LLC now owns 22,362 shares of the company’s stock valued at $2,257,000 after acquiring an additional 14,322 shares in the last quarter. 91.28% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, CEO Jennifer Honeycutt sold 10,646 shares of the firm’s stock in a transaction that occurred on Friday, August 29th. The shares were sold at an average price of $106.26, for a total value of $1,131,243.96. Following the completion of the transaction, the chief executive officer owned 106,219 shares of the company’s stock, valued at approximately $11,286,830.94. This trade represents a 9.11% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.36% of the company’s stock.

Veralto Trading Up 1.0%

Veralto stock opened at $102.88 on Friday. The company has a 50 day moving average price of $106.06 and a 200 day moving average price of $101.11. Veralto Corporation has a 52 week low of $83.86 and a 52 week high of $115.00. The company has a debt-to-equity ratio of 1.00, a quick ratio of 2.06 and a current ratio of 2.32. The firm has a market capitalization of $25.53 billion, a price-to-earnings ratio of 28.74, a P/E/G ratio of 3.39 and a beta of 0.90.

Veralto (NYSE:VLTO) last posted its quarterly earnings data on Monday, July 28th. The company reported $0.93 EPS for the quarter, topping analysts’ consensus estimates of $0.89 by $0.04. Veralto had a net margin of 16.65% and a return on equity of 41.45%. The firm had revenue of $1.37 billion during the quarter, compared to analyst estimates of $1.34 billion. During the same quarter last year, the business posted $0.85 EPS. The company’s revenue was up 6.4% on a year-over-year basis. Veralto has set its FY 2025 guidance at 3.720-3.800 EPS. Q3 2025 guidance at 0.910-0.950 EPS. Research analysts forecast that Veralto Corporation will post 3.66 EPS for the current year.

Veralto Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 31st. Investors of record on Tuesday, September 30th will be paid a $0.11 dividend. The ex-dividend date of this dividend is Tuesday, September 30th. This represents a $0.44 dividend on an annualized basis and a yield of 0.4%. Veralto’s dividend payout ratio (DPR) is currently 12.29%.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on VLTO. Weiss Ratings upgraded shares of Veralto from a “hold (c+)” rating to a “buy (b-)” rating in a report on Wednesday, October 8th. Royal Bank Of Canada raised their target price on shares of Veralto from $104.00 to $108.00 and gave the stock a “sector perform” rating in a report on Wednesday, July 30th. Robert W. Baird raised their target price on shares of Veralto from $106.00 to $112.00 and gave the stock a “neutral” rating in a report on Wednesday, July 30th. Wolfe Research upgraded shares of Veralto from a “hold” rating to a “strong-buy” rating in a report on Wednesday, July 30th. Finally, Barclays reduced their target price on shares of Veralto from $120.00 to $119.00 and set an “overweight” rating for the company in a report on Monday, October 6th. Six investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $113.43.

About Veralto

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.