WealthPLAN Partners LLC Sells 5,123 Shares of Veralto Corporation $VLTO

WealthPLAN Partners LLC reduced its position in shares of Veralto Corporation (NYSE:VLTO) by 33.4% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 10,208 shares of the company’s stock after selling 5,123 shares during the quarter. WealthPLAN Partners LLC’s holdings in Veralto were worth $1,031,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. WealthPlan Investment Management LLC raised its position in Veralto by 26.6% during the second quarter. WealthPlan Investment Management LLC now owns 29,156 shares of the company’s stock worth $2,943,000 after acquiring an additional 6,130 shares in the last quarter. Allianz Asset Management GmbH raised its position in Veralto by 19.6% during the second quarter. Allianz Asset Management GmbH now owns 787,747 shares of the company’s stock worth $79,523,000 after acquiring an additional 128,834 shares in the last quarter. Generali Asset Management SPA SGR raised its position in Veralto by 104.4% during the second quarter. Generali Asset Management SPA SGR now owns 28,152 shares of the company’s stock worth $2,842,000 after acquiring an additional 14,381 shares in the last quarter. RFG Advisory LLC raised its position in Veralto by 5.8% during the second quarter. RFG Advisory LLC now owns 5,433 shares of the company’s stock worth $548,000 after acquiring an additional 298 shares in the last quarter. Finally, Axxcess Wealth Management LLC bought a new stake in Veralto during the second quarter worth $262,000. 91.28% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

VLTO has been the topic of several research reports. Stifel Nicolaus set a $120.00 price objective on shares of Veralto and gave the company a “buy” rating in a report on Wednesday, July 30th. Wolfe Research upgraded shares of Veralto from a “hold” rating to a “strong-buy” rating in a report on Wednesday, July 30th. Weiss Ratings upgraded shares of Veralto from a “hold (c+)” rating to a “buy (b-)” rating in a report on Wednesday, October 8th. Robert W. Baird upped their price objective on shares of Veralto from $106.00 to $112.00 and gave the company a “neutral” rating in a report on Wednesday, July 30th. Finally, Raymond James Financial initiated coverage on shares of Veralto in a report on Tuesday, August 26th. They issued a “market perform” rating on the stock. Six investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $113.43.

Veralto Trading Down 0.2%

VLTO stock opened at $101.82 on Thursday. The company has a debt-to-equity ratio of 1.00, a quick ratio of 2.06 and a current ratio of 2.32. The company’s 50-day simple moving average is $106.27 and its 200 day simple moving average is $101.03. Veralto Corporation has a 52 week low of $83.86 and a 52 week high of $115.00. The company has a market capitalization of $25.27 billion, a PE ratio of 28.44, a price-to-earnings-growth ratio of 3.36 and a beta of 0.90.

Veralto (NYSE:VLTO) last released its quarterly earnings results 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 net margin of 16.65% and a return on equity of 41.45%. The business had revenue of $1.37 billion for the quarter, compared to the consensus estimate of $1.34 billion. During the same period in the prior year, the company posted $0.85 earnings per share. Veralto’s revenue was up 6.4% compared to the same quarter last year. Veralto has set its FY 2025 guidance at 3.720-3.800 EPS. Q3 2025 guidance at 0.910-0.950 EPS. As a group, sell-side analysts anticipate that Veralto Corporation will post 3.66 earnings per share for the current year.

Veralto Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 31st. Investors 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 dividend yield of 0.4%. Veralto’s dividend payout ratio is 12.29%.

Insider Activity at Veralto

In related 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 value of $1,131,243.96. Following the transaction, 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 ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 0.36% of the company’s stock.

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.