NORTHSTAR ASSET MANAGEMENT Co Decreases Stock Position in Veralto Corporation $VLTO

NORTHSTAR ASSET MANAGEMENT Co reduced its position in Veralto Corporation (NYSE:VLTO) by 2.4% in the second quarter, Holdings Channel.com reports. The fund owned 10,013 shares of the company’s stock after selling 249 shares during the period. NORTHSTAR ASSET MANAGEMENT Co’s holdings in Veralto were worth $1,011,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Harbor Asset Planning Inc. purchased a new position in Veralto in the 2nd quarter worth approximately $26,000. Truvestments Capital LLC raised its holdings in Veralto by 148.5% in the 1st quarter. Truvestments Capital LLC now owns 328 shares of the company’s stock worth $32,000 after acquiring an additional 196 shares during the last quarter. Ameritas Advisory Services LLC purchased a new position in Veralto in the 2nd quarter worth approximately $51,000. Cloud Capital Management LLC purchased a new position in Veralto in the 1st quarter worth approximately $64,000. Finally, Marshall & Sullivan Inc. WA purchased a new position in Veralto in the 2nd quarter worth approximately $74,000. 91.28% of the stock is currently owned by hedge funds and other institutional investors.

Veralto Stock Down 0.1%

VLTO opened at $104.72 on Friday. The company has a debt-to-equity ratio of 1.00, a quick ratio of 2.06 and a current ratio of 2.32. Veralto Corporation has a fifty-two week low of $83.86 and a fifty-two week high of $110.11. The firm’s fifty day moving average is $105.67 and its 200 day moving average is $101.56. The stock has a market cap of $25.99 billion, a price-to-earnings ratio of 29.25, a price-to-earnings-growth ratio of 3.46 and a beta of 0.90.

Veralto (NYSE:VLTO) last released its earnings results on Monday, July 28th. The company reported $0.93 earnings per share for the quarter, beating 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 company had revenue of $1.37 billion for the quarter, compared to analysts’ expectations of $1.34 billion. During the same quarter in the previous year, the company earned $0.85 EPS. Veralto’s revenue for the quarter 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. On average, sell-side analysts forecast that Veralto Corporation will post 3.66 earnings per share for the current fiscal year.

Veralto Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, October 31st. Shareholders of record on Tuesday, September 30th will be paid a $0.11 dividend. The ex-dividend date is Tuesday, September 30th. This represents a $0.44 annualized dividend and a yield of 0.4%. Veralto’s payout ratio is presently 12.29%.

Analyst Ratings Changes

A number of research firms have commented on VLTO. Stifel Nicolaus set a $120.00 target price on shares of Veralto and gave the stock a “buy” rating in a research report on Wednesday, July 30th. Royal Bank Of Canada lifted their target price on shares of Veralto from $104.00 to $108.00 and gave the stock a “sector perform” rating in a research report on Wednesday, July 30th. Wolfe Research raised shares of Veralto from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, July 30th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Veralto in a research report on Friday. Finally, Raymond James Financial began coverage on shares of Veralto in a research report on Tuesday, August 26th. They issued a “market perform” rating for the company. Six analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $113.43.

Insider Activity

In other news, CEO Jennifer Honeycutt sold 10,646 shares of the company’s stock in a transaction dated Friday, August 29th. The shares were sold at an average price of $106.26, for a total transaction of $1,131,243.96. Following the sale, the chief executive officer directly owned 106,219 shares in the company, valued at approximately $11,286,830.94. This represents a 9.11% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.36% 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.