Sumitomo Mitsui DS Asset Management Company Ltd Buys 42,973 Shares of Veralto Corporation $VLTO

Sumitomo Mitsui DS Asset Management Company Ltd increased its stake in shares of Veralto Corporation (NYSE:VLTO) by 52.6% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 124,659 shares of the company’s stock after purchasing an additional 42,973 shares during the quarter. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in Veralto were worth $13,290,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Harbor Asset Planning Inc. bought a new position in Veralto in the second quarter worth about $26,000. Loomis Sayles & Co. L P purchased a new position in shares of Veralto in the 2nd quarter worth approximately $28,000. True Wealth Design LLC raised its stake in shares of Veralto by 852.9% during the 3rd quarter. True Wealth Design LLC now owns 324 shares of the company’s stock worth $35,000 after acquiring an additional 290 shares in the last quarter. Headlands Technologies LLC purchased a new stake in Veralto during the second quarter valued at approximately $44,000. Finally, Elevation Point Wealth Partners LLC purchased a new stake in Veralto during the second quarter valued at approximately $50,000. Hedge funds and other institutional investors own 91.28% of the company’s stock.

Veralto Trading Up 1.0%

Shares of NYSE:VLTO opened at $102.74 on Friday. The company has a quick ratio of 1.40, a current ratio of 1.57 and a debt-to-equity ratio of 0.69. Veralto Corporation has a 52-week low of $83.86 and a 52-week high of $110.11. The stock has a market cap of $25.51 billion, a price-to-earnings ratio of 28.15, a PEG ratio of 2.93 and a beta of 0.88. The business has a 50-day moving average price of $100.06 and a 200-day moving average price of $103.11.

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 and its Q4 2025 guidance at 0.950-0.980 EPS. Equities analysts predict that Veralto Corporation will post 3.66 EPS for the current year.

Veralto Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 30th. Investors of record on Wednesday, December 31st will be issued a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a dividend yield of 0.5%. This is a boost from Veralto’s previous quarterly dividend of $0.11. The ex-dividend date of this dividend is Wednesday, December 31st. Veralto’s dividend payout ratio is 14.25%.

Analyst Ratings Changes

Several equities analysts have issued reports on VLTO shares. BMO Capital Markets cut their price target on shares of Veralto from $123.00 to $114.00 and set an “outperform” rating on the stock in a report on Tuesday, November 25th. Jefferies Financial Group restated a “hold” rating and set a $105.00 target price (down from $125.00) on shares of Veralto in a research note on Wednesday, December 10th. Royal Bank Of Canada increased 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 dropped their price target on Veralto from $112.00 to $111.00 and set a “neutral” rating on the stock in a research note on Thursday, October 30th. Finally, Barclays increased their price objective on shares of Veralto from $119.00 to $121.00 and gave the company an “overweight” rating in a research report on Thursday, October 30th. Five investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $112.89.

Insider Transactions at Veralto

In related news, SVP Mattias Bystrom sold 1,000 shares of the business’s stock in a transaction on Monday, December 1st. The shares were sold at an average price of $101.73, for a total transaction of $101,730.00. Following the completion of the transaction, the senior vice president directly owned 31,430 shares in the company, valued at $3,197,373.90. The trade was a 3.08% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.36% of the stock is owned by corporate insiders.

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. This segment provides water solutions, including chemical reagents, services, and digital solutions.