ProShare Advisors LLC Has $4.73 Million Holdings in Veralto Corporation $VLTO

ProShare Advisors LLC increased its position in shares of Veralto Corporation (NYSE:VLTO) by 24.9% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 46,852 shares of the company’s stock after buying an additional 9,343 shares during the period. ProShare Advisors LLC’s holdings in Veralto were worth $4,730,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Baldwin Investment Management LLC lifted its position in shares of Veralto by 3.4% during the 1st quarter. Baldwin Investment Management LLC now owns 3,219 shares of the company’s stock worth $314,000 after purchasing an additional 106 shares during the last quarter. Phoenix Financial Ltd. boosted its stake in shares of Veralto by 2.9% in the 1st quarter. Phoenix Financial Ltd. now owns 4,644 shares of the company’s stock valued at $454,000 after purchasing an additional 132 shares in the last quarter. Meiji Yasuda Asset Management Co Ltd. grew its stake in Veralto by 3.6% during the first quarter. Meiji Yasuda Asset Management Co Ltd. now owns 3,883 shares of the company’s stock worth $378,000 after buying an additional 134 shares during the last quarter. Huntleigh Advisors Inc. increased its holdings in Veralto by 0.5% during the 2nd quarter. Huntleigh Advisors Inc. now owns 28,286 shares of the company’s stock valued at $2,856,000 after purchasing an additional 134 shares in the last quarter. Finally, Argent Trust Co increased its stake in shares of Veralto by 1.8% in the first quarter. Argent Trust Co now owns 8,096 shares of the company’s stock valued at $789,000 after buying an additional 140 shares in the last quarter. Institutional investors own 91.28% of the company’s stock.

Insider Buying and Selling

In related 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 sale, the chief executive officer 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. Corporate insiders own 0.36% of the company’s stock.

Analyst Upgrades and Downgrades

VLTO has been the topic of several recent research reports. Robert W. Baird raised their target price on shares of Veralto from $106.00 to $112.00 and gave the company a “neutral” rating in a research note on Wednesday, July 30th. UBS Group lifted their price target on shares of Veralto from $110.00 to $112.00 and gave the company a “neutral” rating in a research note on Wednesday, November 5th. Royal Bank Of Canada increased their price target on shares of Veralto from $108.00 to $111.00 and gave the company a “sector perform” rating in a research note on Thursday, October 30th. Raymond James Financial assumed coverage on shares of Veralto in a research report on Tuesday, August 26th. They issued a “market perform” rating on the stock. Finally, Citigroup decreased their target price on shares of Veralto from $112.00 to $111.00 and set a “neutral” rating on the stock in a research report on Thursday, October 30th. Six investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $115.25.

Veralto Stock Up 0.3%

VLTO stock opened at $98.84 on Friday. The stock has a fifty day moving average of $103.44 and a 200-day moving average of $102.64. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.40 and a current ratio of 1.57. Veralto Corporation has a fifty-two week low of $83.86 and a fifty-two week high of $110.11. The company has a market capitalization of $24.54 billion, a price-to-earnings ratio of 27.08, a PEG ratio of 3.08 and a beta of 0.89.

Veralto (NYSE:VLTO) last posted its quarterly earnings data on Tuesday, October 28th. The company reported $0.99 earnings per share for the quarter, topping the consensus estimate of $0.95 by $0.04. The company had revenue of $1.40 billion for the quarter, compared to analysts’ expectations of $1.40 billion. Veralto had a net margin of 16.75% and a return on equity of 38.69%. Veralto’s revenue for the quarter was up 6.8% compared to the same quarter last year. During the same period in the prior year, the business earned $0.89 earnings per share. Veralto has set its FY 2025 guidance at 3.820-3.850 EPS. Q4 2025 guidance at 0.950-0.980 EPS. As a group, equities research analysts predict that Veralto Corporation will post 3.66 earnings per share for the current year.

Veralto Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, October 31st. Investors of record on Tuesday, September 30th were given a dividend of $0.11 per share. The ex-dividend date was Tuesday, September 30th. This represents a $0.44 annualized dividend and a dividend yield of 0.4%. Veralto’s payout ratio is currently 12.05%.

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.