Schroder Investment Management Group Grows Stock Position in Veralto Corporation $VLTO

Schroder Investment Management Group increased its position in shares of Veralto Corporation (NYSE:VLTO) by 35.2% in the 2nd quarter, Holdings Channel reports. The firm owned 666,844 shares of the company’s stock after purchasing an additional 173,513 shares during the period. Schroder Investment Management Group’s holdings in Veralto were worth $67,318,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in VLTO. Harbor Asset Planning Inc. purchased a new position in Veralto in the 2nd quarter valued at $26,000. Loomis Sayles & Co. L P acquired a new stake in shares of Veralto in the second quarter valued at about $28,000. Truvestments Capital LLC raised its position in shares of Veralto by 148.5% in the first quarter. Truvestments Capital LLC now owns 328 shares of the company’s stock valued at $32,000 after buying an additional 196 shares during the last quarter. Elevation Point Wealth Partners LLC purchased a new position in shares of Veralto in the second quarter worth about $50,000. Finally, Ameritas Advisory Services LLC acquired a new position in Veralto during the second quarter worth about $51,000. 91.28% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

VLTO has been the subject of a number of recent research reports. 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 report on Thursday, October 30th. Royal Bank Of Canada upped their price target on Veralto from $108.00 to $111.00 and gave the company a “sector perform” rating in a research report on Thursday, October 30th. Barclays lifted their price objective on Veralto from $119.00 to $121.00 and gave the stock an “overweight” rating in a research report on Thursday, October 30th. Raymond James Financial started coverage on Veralto in a research note on Tuesday, August 26th. They set a “market perform” rating on the stock. Finally, BMO Capital Markets cut their target price on Veralto from $123.00 to $114.00 and set an “outperform” rating for the company in a research note on Tuesday, November 25th. Seven investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $115.11.

Veralto Price Performance

VLTO stock opened at $101.22 on Monday. Veralto Corporation has a 52-week low of $83.86 and a 52-week high of $110.11. 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 stock has a market cap of $25.13 billion, a price-to-earnings ratio of 27.73, a price-to-earnings-growth ratio of 3.16 and a beta of 0.87. The business has a fifty day moving average of $101.93 and a two-hundred day moving average of $102.92.

Veralto (NYSE:VLTO) last released its quarterly 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. The business had revenue of $1.40 billion during 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 company’s revenue was up 6.8% compared to the same quarter last year. During the same period in the prior year, the business posted $0.89 EPS. 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, research analysts anticipate that Veralto Corporation will post 3.66 earnings per share for the current year.

Veralto Dividend Announcement

The business also recently declared 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. The ex-dividend date was Tuesday, September 30th. This represents a $0.44 dividend on an annualized basis and a dividend yield of 0.4%. Veralto’s dividend payout ratio (DPR) is currently 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.