JPMorgan Chase & Co. Sells 54,227 Shares of Veralto Corporation $VLTO

JPMorgan Chase & Co. trimmed its holdings in shares of Veralto Corporation (NYSE:VLTO) by 1.7% in the third quarter, according to its most recent filing with the SEC. The firm owned 3,112,217 shares of the company’s stock after selling 54,227 shares during the period. JPMorgan Chase & Co. owned approximately 1.25% of Veralto worth $331,799,000 as of its most recent filing with the SEC.

Several other institutional investors have also made changes to their positions in VLTO. Vanguard Group Inc. raised its position in Veralto by 1.6% in the second quarter. Vanguard Group Inc. now owns 30,206,111 shares of the company’s stock worth $3,049,307,000 after purchasing an additional 468,641 shares in the last quarter. State Street Corp grew its stake in shares of Veralto by 1.9% in the 2nd quarter. State Street Corp now owns 10,257,956 shares of the company’s stock valued at $1,036,653,000 after purchasing an additional 192,139 shares during the period. Impax Asset Management Group plc raised its holdings in shares of Veralto by 3.9% in the 3rd quarter. Impax Asset Management Group plc now owns 3,839,722 shares of the company’s stock worth $408,503,000 after buying an additional 144,044 shares in the last quarter. Norges Bank acquired a new position in shares of Veralto in the 2nd quarter worth approximately $264,150,000. Finally, Hsbc Holdings PLC lifted its position in shares of Veralto by 46.0% during the 2nd quarter. Hsbc Holdings PLC now owns 1,702,096 shares of the company’s stock worth $171,800,000 after buying an additional 536,299 shares during the period. 91.28% of the stock is currently owned by institutional investors and hedge funds.

Veralto Trading Down 0.3%

Shares of NYSE VLTO opened at $94.01 on Friday. Veralto Corporation has a 1-year low of $83.86 and a 1-year high of $110.11. The company has a 50-day moving average of $98.87 and a two-hundred day moving average of $102.06. The company has a market cap of $23.34 billion, a PE ratio of 25.07, a P/E/G ratio of 2.69 and a beta of 0.89. The company has a current ratio of 1.67, a quick ratio of 1.52 and a debt-to-equity ratio of 0.64.

Veralto (NYSE:VLTO) last posted its quarterly earnings data on Tuesday, February 3rd. The company reported $1.04 earnings per share for the quarter, topping the consensus estimate of $0.98 by $0.06. The firm had revenue of $1.40 billion during the quarter, compared to analysts’ expectations of $1.41 billion. Veralto had a net margin of 17.08% and a return on equity of 35.77%. Veralto’s revenue was up 3.8% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.95 EPS. Veralto has set its FY 2026 guidance at 4.100-4.200 EPS and its Q1 2026 guidance at 0.970-1.010 EPS. As a group, equities analysts expect that Veralto Corporation will post 3.66 earnings per share for the current fiscal year.

Veralto Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 30th. Investors of record on Wednesday, December 31st were given a $0.13 dividend. The ex-dividend date was Wednesday, December 31st. This is a positive change from Veralto’s previous quarterly dividend of $0.11. This represents a $0.52 dividend on an annualized basis and a yield of 0.6%. Veralto’s dividend payout ratio is 13.87%.

Insiders Place Their Bets

In other Veralto news, SVP Mattias Bystrom sold 1,000 shares of the company’s stock in a transaction dated Monday, December 1st. The shares were sold at an average price of $101.73, for a total transaction of $101,730.00. Following the transaction, the senior vice president directly owned 31,430 shares in the company, valued at approximately $3,197,373.90. This represents a 3.08% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.36% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on VLTO. Royal Bank Of Canada lowered their price target on Veralto from $111.00 to $102.00 and set a “sector perform” rating on the stock in a research report on Thursday, February 5th. Robert W. Baird set a $108.00 target price on shares of Veralto in a report on Thursday, February 5th. Citigroup dropped their target price on shares of Veralto from $111.00 to $104.00 and set a “neutral” rating for the company in a research report on Thursday, February 5th. Jefferies Financial Group reissued a “hold” rating on shares of Veralto in a report on Wednesday, February 4th. Finally, Stifel Nicolaus set a $118.00 price objective on shares of Veralto in a research note on Thursday, February 5th. Five investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $108.22.

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.