J. Safra Sarasin Holding AG Acquires 15,651 Shares of Veralto Corporation $VLTO

J. Safra Sarasin Holding AG increased its holdings in Veralto Corporation (NYSE:VLTO) by 44.3% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 50,948 shares of the company’s stock after purchasing an additional 15,651 shares during the period. J. Safra Sarasin Holding AG’s holdings in Veralto were worth $5,143,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of VLTO. Truvestments Capital LLC raised its position in shares of Veralto by 148.5% during the first 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. Opal Wealth Advisors LLC acquired a new stake in Veralto during the 1st quarter valued at approximately $45,000. Grove Bank & Trust raised its holdings in Veralto by 198.2% during the 1st quarter. Grove Bank & Trust now owns 510 shares of the company’s stock worth $50,000 after purchasing an additional 339 shares during the last quarter. Cloud Capital Management LLC acquired a new position in shares of Veralto in the 1st quarter worth approximately $64,000. Finally, Marshall & Sullivan Inc. WA bought a new stake in shares of Veralto in the 2nd quarter valued at $74,000. 91.28% of the stock is owned by institutional investors.

Veralto Stock Up 0.5%

VLTO stock opened at $106.52 on Friday. The stock’s 50 day simple moving average is $106.58 and its 200 day simple moving average is $100.68. The company has a market cap of $26.43 billion, a P/E ratio of 29.76, a price-to-earnings-growth ratio of 3.52 and a beta of 0.90. 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 $115.00.

Veralto (NYSE:VLTO) last released its quarterly earnings data on Monday, July 28th. The company reported $0.93 EPS for the quarter, beating the consensus estimate of $0.89 by $0.04. Veralto had a return on equity of 41.45% and a net margin of 16.65%.The firm had revenue of $1.37 billion during the quarter, compared to the consensus estimate of $1.34 billion. During the same quarter in the previous year, the company posted $0.85 earnings per share. The company’s quarterly 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. On average, research analysts expect that Veralto Corporation will post 3.66 earnings per share for the current fiscal year.

Veralto Dividend Announcement

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

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the stock. Barclays started coverage on shares of Veralto in a research note on Friday, September 19th. They set an “overweight” rating and a $120.00 target price for the company. Robert W. Baird lifted their price objective on Veralto from $106.00 to $112.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 30th. Raymond James Financial began coverage on Veralto in a research report on Tuesday, August 26th. They set a “market perform” rating on the stock. Royal Bank Of Canada raised their target price on Veralto from $104.00 to $108.00 and gave the stock a “sector perform” rating in a research note on Wednesday, July 30th. Finally, Wolfe Research raised Veralto from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, July 30th. Five analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Veralto presently has an average rating of “Moderate Buy” and an average target price of $113.57.

Insiders Place Their Bets

In other news, CEO Jennifer Honeycutt sold 10,646 shares of the business’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 completion of the sale, the chief executive officer directly owned 106,219 shares of the company’s stock, valued at $11,286,830.94. The trade was a 9.11% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 0.36% of the company’s stock.

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.