Lecap Asset Management Ltd. Takes Position in Veralto Corporation $VLTO

Lecap Asset Management Ltd. purchased a new position in Veralto Corporation (NYSE:VLTO) during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 10,343 shares of the company’s stock, valued at approximately $1,103,000.

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

Insider Activity

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 completion of the sale, the senior vice president owned 31,430 shares of the company’s stock, valued at approximately $3,197,373.90. The trade was a 3.08% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.36% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently issued reports on VLTO. UBS Group increased their target price on Veralto from $110.00 to $112.00 and gave the company a “neutral” rating in a report on Wednesday, November 5th. Citigroup dropped their price target on Veralto from $112.00 to $111.00 and set a “neutral” rating on the stock in a research report on Thursday, October 30th. Weiss Ratings lowered Veralto from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday, December 31st. BMO Capital Markets lowered their target price on Veralto from $123.00 to $114.00 and set an “outperform” rating on the stock in a research note on Tuesday, November 25th. Finally, Jefferies Financial Group reiterated a “hold” rating and issued a $105.00 target price (down previously from $125.00) on shares of Veralto in a report on Wednesday, December 10th. Five investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of $112.89.

Veralto Stock Up 0.4%

Shares of Veralto stock opened at $100.36 on Thursday. The firm has a market cap of $24.92 billion, a price-to-earnings ratio of 27.50, a P/E/G ratio of 2.85 and a beta of 0.88. The stock has a 50-day simple moving average of $99.95 and a 200-day simple moving average of $103.07. Veralto Corporation has a 52-week low of $83.86 and a 52-week high of $110.11. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.57 and a quick ratio of 1.40.

Veralto (NYSE:VLTO) last issued its quarterly earnings data on Tuesday, October 28th. The company reported $0.99 earnings per share for the quarter, beating the consensus estimate of $0.95 by $0.04. The firm had revenue of $1.40 billion for the quarter, compared to analyst estimates of $1.40 billion. Veralto had a net margin of 16.75% and a return on equity of 38.69%. The company’s revenue for the quarter was up 6.8% on a year-over-year basis. During the same quarter last year, the firm earned $0.89 earnings per share. 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, equities research analysts expect that Veralto Corporation will post 3.66 earnings per share for the current fiscal year.

Veralto Increases Dividend

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

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.