Westwood Holdings Group Inc. Buys Shares of 691,817 Veralto Corporation $VLTO

Westwood Holdings Group Inc. purchased a new position in shares of Veralto Corporation (NYSE:VLTO) in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 691,817 shares of the company’s stock, valued at approximately $69,839,000. Westwood Holdings Group Inc. owned about 0.28% of Veralto as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Brighton Jones LLC grew its position in Veralto by 16.1% in the fourth quarter. Brighton Jones LLC now owns 3,459 shares of the company’s stock valued at $352,000 after purchasing an additional 479 shares in the last quarter. CWM LLC increased its holdings in Veralto by 14.1% during the first quarter. CWM LLC now owns 8,040 shares of the company’s stock worth $783,000 after buying an additional 995 shares during the last quarter. Larson Financial Group LLC lifted its stake in Veralto by 68.4% in the first quarter. Larson Financial Group LLC now owns 1,290 shares of the company’s stock valued at $126,000 after acquiring an additional 524 shares during the last quarter. Victory Capital Management Inc. grew its position in shares of Veralto by 8.2% in the 1st quarter. Victory Capital Management Inc. now owns 96,357 shares of the company’s stock valued at $9,390,000 after acquiring an additional 7,310 shares during the period. Finally, Cullen Frost Bankers Inc. increased its stake in shares of Veralto by 10.8% during the 1st quarter. Cullen Frost Bankers Inc. now owns 4,949 shares of the company’s stock worth $482,000 after purchasing an additional 484 shares during the last quarter. 91.28% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

VLTO has been the subject of a number of research analyst reports. Royal Bank Of Canada lifted their price target on Veralto from $108.00 to $111.00 and gave the stock a “sector perform” rating in a report on Thursday, October 30th. Citigroup cut their price objective on Veralto from $112.00 to $111.00 and set a “neutral” rating for the company in a research report on Thursday, October 30th. Barclays boosted their target price on Veralto from $119.00 to $121.00 and gave the stock an “overweight” rating in a report on Thursday, October 30th. Robert W. Baird raised 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, UBS Group lifted their price objective on shares of Veralto from $110.00 to $112.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 5th. Six investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $115.25.

Insiders Place Their Bets

In other Veralto news, CEO Jennifer Honeycutt sold 10,646 shares of the firm’s 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 sale, the chief executive officer owned 106,219 shares of the company’s stock, valued at approximately $11,286,830.94. This trade represents a 9.11% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.36% of the stock is owned by insiders.

Veralto Stock Performance

VLTO opened at $98.84 on Friday. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.57 and a quick ratio of 1.40. The business has a fifty day simple moving average of $103.44 and a 200 day simple moving average of $102.64. Veralto Corporation has a 1 year low of $83.86 and a 1 year high of $110.11. The company has a market capitalization of $24.54 billion, a PE ratio of 27.08, a price-to-earnings-growth ratio of 3.08 and a beta of 0.89.

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

Veralto Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 31st. Shareholders of record on Tuesday, September 30th were given a dividend of $0.11 per share. 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 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.