Norges Bank Makes New Investment in Veralto Corporation $VLTO

Norges Bank bought a new stake in Veralto Corporation (NYSE:VLTO) in the second quarter, HoldingsChannel.com reports. The firm bought 2,616,644 shares of the company’s stock, valued at approximately $264,150,000.

Several other institutional investors and hedge funds have also modified their holdings of VLTO. Meiji Yasuda Asset Management Co Ltd. raised its stake in Veralto by 3.6% in the 1st quarter. Meiji Yasuda Asset Management Co Ltd. now owns 3,883 shares of the company’s stock worth $378,000 after purchasing an additional 134 shares in the last quarter. Huntleigh Advisors Inc. increased its holdings in shares of Veralto by 0.5% during the second quarter. Huntleigh Advisors Inc. now owns 28,286 shares of the company’s stock worth $2,856,000 after purchasing an additional 134 shares during the period. Argent Trust Co raised its position 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. Strategic Blueprint LLC boosted its stake in shares of Veralto by 6.2% in the second quarter. Strategic Blueprint LLC now owns 2,438 shares of the company’s stock valued at $246,000 after buying an additional 143 shares during the period. Finally, Mirador Capital Partners LP grew its position in Veralto by 2.1% during the second quarter. Mirador Capital Partners LP now owns 7,579 shares of the company’s stock worth $765,000 after buying an additional 153 shares in the last quarter. 91.28% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

VLTO has been the topic of a number of recent research reports. Barclays raised their price objective on Veralto from $119.00 to $121.00 and gave the stock an “overweight” rating in a research note on Thursday, October 30th. Raymond James Financial assumed coverage on Veralto in a report on Tuesday, August 26th. They set a “market perform” rating on the stock. Royal Bank Of Canada boosted their price target on Veralto from $108.00 to $111.00 and gave the company a “sector perform” rating in a research note on Thursday, October 30th. Citigroup cut their price objective on shares of Veralto from $112.00 to $111.00 and set a “neutral” rating for the company in a research report on Thursday, October 30th. Finally, UBS Group increased their price objective on shares of Veralto from $110.00 to $112.00 and gave the stock a “neutral” rating in a research note on Wednesday, November 5th. Seven equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Veralto presently has an average rating of “Moderate Buy” and a consensus target price of $115.11.

Veralto Price Performance

Veralto stock opened at $101.22 on Monday. 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 52 week low of $83.86 and a 52 week high of $110.11. The stock has a market capitalization of $25.13 billion, a P/E ratio of 27.73, a price-to-earnings-growth ratio of 3.16 and a beta of 0.87. The stock has a fifty day moving average of $101.93 and a 200-day moving average of $102.92.

Veralto (NYSE:VLTO) last released its earnings results on Tuesday, October 28th. The company reported $0.99 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.95 by $0.04. The firm had revenue of $1.40 billion for the quarter, compared to analysts’ expectations of $1.40 billion. Veralto had a return on equity of 38.69% and a net margin of 16.75%.The business’s revenue for the quarter was up 6.8% on a year-over-year basis. During the same quarter in the previous year, the business posted $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. On average, sell-side analysts expect that Veralto Corporation will post 3.66 earnings per share for the current fiscal 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 issued a dividend of $0.11 per share. The ex-dividend date of this dividend was Tuesday, September 30th. This represents a $0.44 annualized dividend and a dividend yield of 0.4%. 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.