Veralto Corporation $VLTO Shares Sold by Johnson Investment Counsel Inc.

Johnson Investment Counsel Inc. decreased its holdings in shares of Veralto Corporation (NYSE:VLTO) by 4.6% in the 2nd quarter, Holdings Channel.com reports. The fund owned 38,904 shares of the company’s stock after selling 1,891 shares during the quarter. Johnson Investment Counsel Inc.’s holdings in Veralto were worth $3,927,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in VLTO. Nuveen LLC acquired a new stake in Veralto during the first quarter worth $172,399,000. Alliancebernstein L.P. increased its stake in Veralto by 28.0% during the first quarter. Alliancebernstein L.P. now owns 6,235,563 shares of the company’s stock worth $607,656,000 after acquiring an additional 1,363,502 shares during the last quarter. T. Rowe Price Investment Management Inc. increased its stake in Veralto by 8.3% during the first quarter. T. Rowe Price Investment Management Inc. now owns 10,541,438 shares of the company’s stock worth $1,027,264,000 after acquiring an additional 811,843 shares during the last quarter. JPMorgan Chase & Co. grew its stake in shares of Veralto by 26.8% in the first quarter. JPMorgan Chase & Co. now owns 3,223,571 shares of the company’s stock valued at $314,137,000 after buying an additional 682,123 shares in the last quarter. Finally, Robeco Institutional Asset Management B.V. grew its stake in shares of Veralto by 162.1% in the second quarter. Robeco Institutional Asset Management B.V. now owns 1,064,810 shares of the company’s stock valued at $107,493,000 after buying an additional 658,529 shares in the last quarter. Institutional investors and hedge funds own 91.28% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the company. Barclays dropped their price objective on Veralto from $120.00 to $119.00 and set an “overweight” rating for the company in a research note on Monday, October 6th. Royal Bank Of Canada lifted their price objective on Veralto from $104.00 to $108.00 and gave the company a “sector perform” rating in a research note on Wednesday, July 30th. Stifel Nicolaus set a $120.00 price objective on Veralto and gave the company a “buy” rating in a research note on Wednesday, July 30th. Robert W. Baird lifted their price objective on Veralto from $106.00 to $112.00 and gave the company a “neutral” rating in a research note on Wednesday, July 30th. Finally, Raymond James Financial assumed coverage on Veralto in a research note on Tuesday, August 26th. They issued a “market perform” rating for the company. Six research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat.com, Veralto currently has an average rating of “Moderate Buy” and a consensus price target 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 stock was sold at an average price of $106.26, for a total transaction of $1,131,243.96. Following the completion of the transaction, the chief executive officer directly owned 106,219 shares of the company’s stock, valued at approximately $11,286,830.94. This represents a 9.11% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 0.36% of the company’s stock.

Veralto Price Performance

Shares of NYSE VLTO opened at $101.72 on Monday. The stock’s 50-day moving average is $106.58 and its two-hundred day moving average is $100.98. The company has a debt-to-equity ratio of 1.00, a current ratio of 2.32 and a quick ratio of 2.06. Veralto Corporation has a 1-year low of $83.86 and a 1-year high of $115.00. The company has a market cap of $25.24 billion, a price-to-earnings ratio of 28.41, a price-to-earnings-growth ratio of 3.36 and a beta of 0.90.

Veralto (NYSE:VLTO) last issued its quarterly earnings results on Monday, July 28th. The company reported $0.93 earnings per share for the quarter, topping 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 company had revenue of $1.37 billion for the quarter, compared to the consensus estimate of $1.34 billion. During the same quarter in the prior year, the business earned $0.85 EPS. Veralto’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. Analysts forecast that Veralto Corporation will post 3.66 EPS for the current fiscal year.

Veralto Dividend Announcement

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

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.