TD Asset Management Inc Raises Stock Holdings in Veralto Corporation $VLTO

TD Asset Management Inc boosted its holdings in Veralto Corporation (NYSE:VLTO) by 32.3% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 480,660 shares of the company’s stock after purchasing an additional 117,279 shares during the period. TD Asset Management Inc owned about 0.19% of Veralto worth $47,960,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of VLTO. Norges Bank purchased a new position in Veralto in the fourth quarter valued at about $261,340,000. AQR Capital Management LLC boosted its holdings in Veralto by 86.1% in the third quarter. AQR Capital Management LLC now owns 2,157,211 shares of the company’s stock valued at $226,615,000 after purchasing an additional 997,778 shares during the last quarter. Vanguard Group Inc. boosted its holdings in Veralto by 2.8% in the third quarter. Vanguard Group Inc. now owns 31,058,387 shares of the company’s stock valued at $3,311,135,000 after purchasing an additional 852,276 shares during the last quarter. SG Americas Securities LLC boosted its holdings in Veralto by 10,317.8% in the fourth quarter. SG Americas Securities LLC now owns 781,651 shares of the company’s stock valued at $77,993,000 after purchasing an additional 774,148 shares during the last quarter. Finally, First Trust Advisors LP boosted its holdings in Veralto by 24.3% in the third quarter. First Trust Advisors LP now owns 3,508,512 shares of the company’s stock valued at $374,042,000 after purchasing an additional 685,614 shares during the last quarter. Hedge funds and other institutional investors own 91.28% of the company’s stock.

Veralto Trading Up 1.7%

NYSE:VLTO opened at $86.17 on Friday. The company has a quick ratio of 1.32, a current ratio of 1.48 and a debt-to-equity ratio of 0.65. The business’s 50 day moving average is $87.37 and its two-hundred day moving average is $93.91. Veralto Corporation has a 52 week low of $80.03 and a 52 week high of $110.11. The company has a market cap of $21.16 billion, a PE ratio of 22.27, a P/E/G ratio of 2.43 and a beta of 0.69.

Veralto (NYSE:VLTO) last released its earnings results on Tuesday, April 28th. The company reported $1.07 EPS for the quarter, topping analysts’ consensus estimates of $1.02 by $0.05. Veralto had a return on equity of 34.63% and a net margin of 17.33%.The company had revenue of $1.42 billion for the quarter, compared to the consensus estimate of $1.40 billion. During the same quarter last year, the business posted $0.95 EPS. Veralto’s quarterly revenue was up 6.8% compared to the same quarter last year. Veralto has set its FY 2026 guidance at 4.200-4.280 EPS and its Q2 2026 guidance at 0.960-1.000 EPS. On average, analysts predict that Veralto Corporation will post 4.23 EPS for the current year.

Veralto Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, July 31st. Stockholders of record on Tuesday, June 30th will be given a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date is Tuesday, June 30th. Veralto’s dividend payout ratio is presently 13.44%.

Analysts Set New Price Targets

A number of research analysts recently commented on the company. UBS Group increased their price target on Veralto from $99.00 to $101.00 and gave the company a “neutral” rating in a report on Friday, May 1st. Robert W. Baird set a $103.00 price target on Veralto in a report on Thursday, April 30th. Jefferies Financial Group assumed coverage on Veralto in a report on Tuesday, March 31st. They issued a “buy” rating and a $110.00 price target for the company. Stifel Nicolaus reduced their price target on Veralto from $118.00 to $110.00 and set a “buy” rating for the company in a report on Tuesday, April 14th. Finally, Citigroup reduced their target price on Veralto from $104.00 to $102.00 and set a “neutral” rating on the stock in a report on Thursday, April 30th. Five research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Veralto presently has an average rating of “Hold” and a consensus price target of $105.88.

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.