Bank of Montreal Can Sells 70,053 Shares of Veralto Corporation $VLTO

Bank of Montreal Can decreased its holdings in Veralto Corporation (NYSE:VLTO) by 24.4% in the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 217,119 shares of the company’s stock after selling 70,053 shares during the quarter. Bank of Montreal Can owned 0.09% of Veralto worth $21,918,000 as of its most recent filing with the SEC.

Other institutional investors have also made changes to their positions in the company. Brighton Jones LLC raised its position in Veralto by 16.1% in the fourth quarter. Brighton Jones LLC now owns 3,459 shares of the company’s stock worth $352,000 after purchasing an additional 479 shares in the last quarter. Crossmark Global Holdings Inc. grew its stake in shares of Veralto by 9.2% in the 1st quarter. Crossmark Global Holdings Inc. now owns 14,045 shares of the company’s stock valued at $1,369,000 after purchasing an additional 1,182 shares during the period. Greenleaf Trust raised its holdings in shares of Veralto by 4.4% in the 1st quarter. Greenleaf Trust now owns 11,915 shares of the company’s stock worth $1,161,000 after buying an additional 507 shares in the last quarter. Nisa Investment Advisors LLC raised its holdings in shares of Veralto by 4.4% in the 1st quarter. Nisa Investment Advisors LLC now owns 60,857 shares of the company’s stock worth $5,937,000 after buying an additional 2,578 shares in the last quarter. Finally, Weil Company Inc. lifted its position in shares of Veralto by 357.3% during the 1st quarter. Weil Company Inc. now owns 16,039 shares of the company’s stock worth $1,563,000 after buying an additional 12,532 shares during the period. 91.28% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages have weighed in on VLTO. Robert W. Baird upped their price target on Veralto from $106.00 to $112.00 and gave the company a “neutral” rating in a research report on Wednesday, July 30th. Citigroup reduced their target price on shares of Veralto from $112.00 to $111.00 and set a “neutral” rating on the stock in a research note on Thursday, October 30th. Royal Bank Of Canada upped their target price on shares of Veralto from $108.00 to $111.00 and gave the stock a “sector perform” rating in a report on Thursday, October 30th. Wolfe Research upgraded shares of Veralto from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, July 30th. Finally, Stifel Nicolaus set a $120.00 price target on shares of Veralto and gave the company a “buy” rating in a report on Wednesday, July 30th. Six research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $115.25.

Insider Transactions at Veralto

In other Veralto news, CEO Jennifer Honeycutt sold 10,646 shares of the stock in a transaction 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 in the company, valued at approximately $11,286,830.94. This trade represents a 9.11% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.36% of the company’s stock.

Veralto Stock Up 0.1%

Shares of NYSE VLTO opened at $98.58 on Friday. Veralto Corporation has a 12-month low of $83.86 and a 12-month high of $110.11. The firm’s 50-day simple moving average is $104.18 and its 200 day simple moving average is $102.39. 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 company has a market cap of $24.48 billion, a price-to-earnings ratio of 27.01, a price-to-earnings-growth ratio of 3.07 and a beta of 0.89.

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

Veralto Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 31st. Investors of record on Tuesday, September 30th were given a $0.11 dividend. This represents a $0.44 annualized dividend and a yield of 0.4%. The ex-dividend date was Tuesday, September 30th. Veralto’s payout ratio 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.