National Pension Service Has $39.42 Million Holdings in Veralto Corporation $VLTO

National Pension Service boosted its holdings in shares of Veralto Corporation (NYSE:VLTO) by 0.7% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 390,462 shares of the company’s stock after purchasing an additional 2,600 shares during the period. National Pension Service’s holdings in Veralto were worth $39,417,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the business. Vanguard Group Inc. increased its stake in shares of Veralto by 1.3% in the first quarter. Vanguard Group Inc. now owns 29,737,470 shares of the company’s stock valued at $2,897,916,000 after buying an additional 390,285 shares in the last quarter. T. Rowe Price Investment Management Inc. increased its position in Veralto by 8.3% in the 1st quarter. T. Rowe Price Investment Management Inc. now owns 10,541,438 shares of the company’s stock valued at $1,027,264,000 after acquiring an additional 811,843 shares in the last quarter. Alliancebernstein L.P. increased its position in Veralto by 28.0% in the 1st quarter. Alliancebernstein L.P. now owns 6,235,563 shares of the company’s stock valued at $607,656,000 after acquiring an additional 1,363,502 shares in the last quarter. Invesco Ltd. raised its stake in shares of Veralto by 6.9% in the first quarter. Invesco Ltd. now owns 4,856,071 shares of the company’s stock worth $473,224,000 after acquiring an additional 314,704 shares during the last quarter. Finally, JPMorgan Chase & Co. lifted its position in shares of Veralto by 26.8% during the first quarter. JPMorgan Chase & Co. now owns 3,223,571 shares of the company’s stock worth $314,137,000 after purchasing an additional 682,123 shares in the last quarter. Institutional investors own 91.28% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the stock. Royal Bank Of Canada raised their price target on shares of Veralto from $108.00 to $111.00 and gave the company a “sector perform” rating in a report on Thursday, October 30th. Citigroup lowered their target price on Veralto from $112.00 to $111.00 and set a “neutral” rating for the company in a research note on Thursday, October 30th. Weiss Ratings upgraded Veralto from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Wednesday, October 8th. Raymond James Financial began coverage on Veralto in a report on Tuesday, August 26th. They issued a “market perform” rating on the stock. Finally, Robert W. Baird boosted their price objective on Veralto from $106.00 to $112.00 and gave the stock a “neutral” rating in a report on Wednesday, July 30th. Six analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat.com, Veralto currently has a consensus rating of “Moderate Buy” and an average target price of $115.25.

Insider Buying and Selling at Veralto

In other news, CEO Jennifer Honeycutt sold 10,646 shares of the business’s stock in a transaction 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 $11,286,830.94. The trade was a 9.11% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.36% of the stock is currently owned by corporate insiders.

Veralto Stock Up 0.3%

NYSE:VLTO opened at $98.84 on Friday. Veralto Corporation has a 12-month low of $83.86 and a 12-month high of $110.11. The company has a quick ratio of 1.40, a current ratio of 1.57 and a debt-to-equity ratio of 0.69. The firm has a market capitalization of $24.54 billion, a P/E ratio of 27.08, a P/E/G ratio of 3.08 and a beta of 0.89. The stock’s fifty day simple moving average is $103.44 and its 200-day simple moving average is $102.64.

Veralto (NYSE:VLTO) last announced its quarterly earnings results on Tuesday, October 28th. The company reported $0.99 EPS for the quarter, beating analysts’ consensus estimates of $0.95 by $0.04. The company had revenue of $1.40 billion during the quarter, compared to analysts’ expectations of $1.40 billion. Veralto had a return on equity of 38.69% and a net margin of 16.75%.Veralto’s revenue was up 6.8% on a year-over-year basis. During the same period in the prior year, the business posted $0.89 EPS. Veralto has set its FY 2025 guidance at 3.820-3.850 EPS. Q4 2025 guidance at 0.950-0.980 EPS. Equities research analysts expect that Veralto Corporation will post 3.66 earnings per share for the current year.

Veralto Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, October 31st. Shareholders of record on Tuesday, September 30th were issued a $0.11 dividend. The ex-dividend date was Tuesday, September 30th. This represents a $0.44 annualized dividend and a yield of 0.4%. Veralto’s dividend payout ratio (DPR) is 12.05%.

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.