Mar Vista Investment Partners LLC Acquires 13,228 Shares of Veralto Corporation $VLTO

Mar Vista Investment Partners LLC raised its stake in shares of Veralto Corporation (NYSE:VLTO) by 4.8% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 287,620 shares of the company’s stock after acquiring an additional 13,228 shares during the quarter. Veralto makes up about 2.2% of Mar Vista Investment Partners LLC’s portfolio, making the stock its 25th biggest position. Mar Vista Investment Partners LLC owned approximately 0.12% of Veralto worth $29,035,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in VLTO. Nuveen LLC purchased a new stake in shares of Veralto during the 1st quarter worth $172,399,000. Alliancebernstein L.P. raised its holdings in Veralto by 28.0% in the first quarter. Alliancebernstein L.P. now owns 6,235,563 shares of the company’s stock worth $607,656,000 after purchasing an additional 1,363,502 shares in the last quarter. T. Rowe Price Investment Management Inc. lifted its position in shares of Veralto by 8.3% during the first quarter. T. Rowe Price Investment Management Inc. now owns 10,541,438 shares of the company’s stock valued at $1,027,264,000 after buying an additional 811,843 shares during the last quarter. Westwood Holdings Group Inc. bought a new stake in shares of Veralto in the 2nd quarter valued at about $69,839,000. Finally, JPMorgan Chase & Co. raised its stake in shares of Veralto by 26.8% during the 1st quarter. JPMorgan Chase & Co. now owns 3,223,571 shares of the company’s stock worth $314,137,000 after acquiring an additional 682,123 shares in the last quarter. 91.28% of the stock is currently owned by hedge funds and other institutional investors.

Veralto Stock Up 0.3%

Veralto stock opened at $98.84 on Friday. 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 cap of $24.54 billion, a PE ratio of 27.08, a PEG ratio of 3.08 and a beta of 0.89. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.40 and a current ratio of 1.57. The business’s 50-day simple moving average is $103.44 and its two-hundred day simple moving average is $102.70.

Veralto (NYSE:VLTO) last issued its earnings results on Tuesday, October 28th. The company reported $0.99 EPS for the quarter, beating 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 firm had revenue of $1.40 billion for the quarter, compared to analyst estimates of $1.40 billion. During the same quarter in the prior year, the firm earned $0.89 earnings per share. Veralto’s revenue for the quarter 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. Equities analysts anticipate that Veralto Corporation will post 3.66 EPS for the current year.

Veralto Dividend Announcement

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

Insiders Place Their Bets

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

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on VLTO shares. Raymond James Financial started coverage on shares of Veralto in a research note on Tuesday, August 26th. They issued a “market perform” rating for the company. Barclays increased their price objective on Veralto from $119.00 to $121.00 and gave the company an “overweight” rating in a report on Thursday, October 30th. Robert W. Baird raised their price objective on Veralto from $106.00 to $112.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 30th. Citigroup reduced their target price on Veralto from $112.00 to $111.00 and set a “neutral” rating on the stock in a research report on Thursday, October 30th. Finally, Wolfe Research upgraded Veralto from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, July 30th. Six equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $115.25.

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.