Veralto Corporation $VLTO Shares Sold by Verdence Capital Advisors LLC

Verdence Capital Advisors LLC lowered its position in shares of Veralto Corporation (NYSE:VLTO) by 1.0% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 13,320 shares of the company’s stock after selling 137 shares during the quarter. Verdence Capital Advisors LLC’s holdings in Veralto were worth $1,345,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of VLTO. Brighton Jones LLC boosted its stake in Veralto by 16.1% during the fourth quarter. Brighton Jones LLC now owns 3,459 shares of the company’s stock valued at $352,000 after buying an additional 479 shares in the last quarter. Farther Finance Advisors LLC lifted its stake in Veralto by 12.8% in the 1st quarter. Farther Finance Advisors LLC now owns 2,938 shares of the company’s stock worth $287,000 after acquiring an additional 333 shares in the last quarter. Assenagon Asset Management S.A. lifted its stake in Veralto by 3.0% in the 1st quarter. Assenagon Asset Management S.A. now owns 14,544 shares of the company’s stock worth $1,417,000 after acquiring an additional 429 shares in the last quarter. CX Institutional purchased a new stake in Veralto in the 1st quarter worth about $148,000. Finally, Wealth Enhancement Advisory Services LLC lifted its holdings in shares of Veralto by 1.8% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 73,545 shares of the company’s stock valued at $7,167,000 after buying an additional 1,284 shares during the last quarter. Institutional investors own 91.28% of the company’s stock.

Insider Buying and Selling

In other Veralto news, CEO Jennifer Honeycutt sold 10,646 shares of Veralto stock in a transaction that occurred on Friday, August 29th. The stock was sold at an average price of $106.26, for a total value of $1,131,243.96. Following the transaction, 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 position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 0.36% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the company. Wolfe Research upgraded Veralto from a “hold” rating to a “strong-buy” rating in a report on Wednesday, July 30th. Raymond James Financial began coverage on Veralto in a report on Tuesday, August 26th. They set a “market perform” rating for the company. Stifel Nicolaus set a $120.00 target price on Veralto and gave the stock a “buy” rating in a report on Wednesday, July 30th. Robert W. Baird increased their price target on Veralto from $106.00 to $112.00 and gave the company a “neutral” rating in a report on Wednesday, July 30th. Finally, Weiss Ratings raised shares of Veralto from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Wednesday, October 8th. Six analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $113.43.

Veralto Stock Performance

Shares of NYSE VLTO opened at $101.59 on Tuesday. The company has a quick ratio of 2.06, a current ratio of 2.32 and a debt-to-equity ratio of 1.00. The business’s 50 day moving average is $106.48 and its two-hundred day moving average is $101.02. The company has a market cap of $25.21 billion, a P/E ratio of 28.38, a P/E/G ratio of 3.36 and a beta of 0.90. Veralto Corporation has a 12 month low of $83.86 and a 12 month high of $115.00.

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

Veralto Dividend Announcement

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

Veralto 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.