Veralto Corporation (NYSE:VLTO) Short Interest Update

Veralto Corporation (NYSE:VLTO) saw a significant growth in short interest in December. As of December 15th, there was short interest totaling 4,659,640 shares, a growth of 26.7% from the November 30th total of 3,677,929 shares. Based on an average daily volume of 1,552,349 shares, the short-interest ratio is presently 3.0 days. Approximately 1.9% of the shares of the stock are sold short. Approximately 1.9% of the shares of the stock are sold short. Based on an average daily volume of 1,552,349 shares, the short-interest ratio is presently 3.0 days.

Veralto Trading Down 0.2%

NYSE VLTO opened at $101.34 on Wednesday. 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 has a one year low of $83.86 and a one year high of $110.11. The company’s 50 day moving average price is $100.40 and its 200 day moving average price is $103.01. The firm has a market capitalization of $25.16 billion, a price-to-earnings ratio of 27.76, a PEG ratio of 3.16 and a beta of 0.87.

Veralto (NYSE:VLTO) last released its quarterly earnings data on Tuesday, October 28th. The company reported $0.99 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.95 by $0.04. Veralto had a net margin of 16.75% and a return on equity of 38.69%. The company had revenue of $1.40 billion during the quarter, compared to analyst estimates of $1.40 billion. During the same quarter in the prior year, the business earned $0.89 earnings per share. The business’s quarterly 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. On average, sell-side analysts predict that Veralto will post 3.66 EPS for the current year.

Veralto Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 30th. Shareholders of record on Wednesday, December 31st will be paid 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 payout ratio is presently 14.25%.

Insider Activity at Veralto

In other news, SVP Mattias Bystrom sold 1,000 shares of the stock in a transaction that occurred 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 directly owned 31,430 shares in the company, valued at $3,197,373.90. This represents a 3.08% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.36% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Veralto

Hedge funds have recently modified their holdings of the stock. Mirova grew its position in Veralto by 5.3% in the third quarter. Mirova now owns 44,286 shares of the company’s stock valued at $4,721,000 after acquiring an additional 2,247 shares in the last quarter. AIA Group Ltd purchased a new position in shares of Veralto in the third quarter valued at $592,000. Allworth Financial LP grew its holdings in Veralto by 107.5% during the 3rd quarter. Allworth Financial LP now owns 1,828 shares of the company’s stock valued at $195,000 after purchasing an additional 947 shares in the last quarter. IFP Advisors Inc increased its stake in Veralto by 14.0% during the 3rd quarter. IFP Advisors Inc now owns 855 shares of the company’s stock worth $91,000 after buying an additional 105 shares during the period. Finally, Swiss Life Asset Management Ltd lifted its holdings in Veralto by 18.0% in the 3rd quarter. Swiss Life Asset Management Ltd now owns 78,343 shares of the company’s stock worth $8,352,000 after buying an additional 11,930 shares in the last quarter. 91.28% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the company. Jefferies Financial Group reaffirmed a “hold” rating and issued a $105.00 target price (down previously from $125.00) on shares of Veralto in a research note on Wednesday, December 10th. Barclays boosted their price target on Veralto from $119.00 to $121.00 and gave the stock an “overweight” rating in a report on Thursday, October 30th. Weiss Ratings raised Veralto from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Wednesday, October 8th. Royal Bank Of Canada boosted their target price on shares of Veralto from $108.00 to $111.00 and gave the company a “sector perform” rating in a research note on Thursday, October 30th. Finally, Citigroup reduced their target price on shares of Veralto from $112.00 to $111.00 and set a “neutral” rating on the stock in a report on Thursday, October 30th. Six equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $112.89.

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.