Walter Public Investments Inc. Reduces Stock Position in Veralto Corporation $VLTO

Walter Public Investments Inc. trimmed its holdings in Veralto Corporation (NYSE:VLTO) by 12.4% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 132,718 shares of the company’s stock after selling 18,801 shares during the period. Veralto makes up 2.3% of Walter Public Investments Inc.’s investment portfolio, making the stock its 23rd biggest holding. Walter Public Investments Inc. owned approximately 0.05% of Veralto worth $14,149,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the stock. Capital Advisors Inc. OK boosted its holdings in shares of Veralto by 6.3% in the 3rd quarter. Capital Advisors Inc. OK now owns 380,910 shares of the company’s stock worth $40,609,000 after purchasing an additional 22,464 shares in the last quarter. Spire Wealth Management raised its holdings in shares of Veralto by 1,579.5% during the 3rd quarter. Spire Wealth Management now owns 12,311 shares of the company’s stock valued at $1,312,000 after buying an additional 11,578 shares in the last quarter. Defender Capital LLC. lifted its position in Veralto by 9.2% in the 2nd quarter. Defender Capital LLC. now owns 172,870 shares of the company’s stock worth $17,451,000 after buying an additional 14,586 shares during the last quarter. Vise Technologies Inc. purchased a new stake in Veralto in the second quarter worth approximately $597,000. Finally, Robeco Institutional Asset Management B.V. grew its position in Veralto by 8.9% during the third quarter. Robeco Institutional Asset Management B.V. now owns 1,159,417 shares of the company’s stock valued at $123,605,000 after acquiring an additional 94,607 shares during the last quarter. Hedge funds and other institutional investors own 91.28% of the company’s stock.

Insider Buying and Selling

In related news, SVP Mattias Bystrom sold 1,000 shares of Veralto stock in a transaction on Monday, December 1st. The shares were sold at an average price of $101.73, for a total value of $101,730.00. Following the sale, the senior vice president 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 legal filing with the SEC, which is available at this link. 0.36% of the stock is owned by insiders.

Veralto Stock Performance

Veralto stock opened at $102.24 on Thursday. The company has a current ratio of 1.57, a quick ratio of 1.40 and a debt-to-equity ratio of 0.69. The firm has a market cap of $25.39 billion, a P/E ratio of 28.01, a P/E/G ratio of 2.91 and a beta of 0.88. Veralto Corporation has a 1-year low of $83.86 and a 1-year high of $110.11. The firm has a 50-day moving average of $100.21 and a 200-day moving average of $103.13.

Veralto (NYSE:VLTO) last announced its quarterly 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. Veralto had a return on equity of 38.69% and a net margin of 16.75%.The company had revenue of $1.40 billion for the quarter, compared to the consensus estimate of $1.40 billion. During the same quarter in the previous year, the business earned $0.89 EPS. Veralto’s 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 and its Q4 2025 guidance at 0.950-0.980 EPS. Sell-side analysts expect 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 is a boost from Veralto’s previous quarterly dividend of $0.11. This represents a $0.52 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date is Wednesday, December 31st. Veralto’s dividend payout ratio is currently 14.25%.

Wall Street Analysts Forecast Growth

VLTO has been the subject of a number of recent research reports. Barclays boosted their price objective on shares of Veralto from $119.00 to $121.00 and gave the stock an “overweight” rating in a report on Thursday, October 30th. Royal Bank Of Canada boosted their price target on shares of Veralto from $108.00 to $111.00 and gave the stock a “sector perform” rating in a research note on Thursday, October 30th. Citigroup cut their price target 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. Weiss Ratings downgraded Veralto from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday, December 31st. Finally, BMO Capital Markets lowered 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. Five research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Veralto has an average rating of “Hold” and a consensus price target of $112.89.

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