Goodman Financial Corp Purchases 55,032 Shares of Veralto Corporation $VLTO

Goodman Financial Corp grew its position in Veralto Corporation (NYSE:VLTO) by 60.7% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 145,752 shares of the company’s stock after buying an additional 55,032 shares during the period. Veralto accounts for approximately 2.2% of Goodman Financial Corp’s investment portfolio, making the stock its 22nd largest holding. Goodman Financial Corp’s holdings in Veralto were worth $12,887,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. State Street Corp lifted its stake in shares of Veralto by 2.6% during the fourth quarter. State Street Corp now owns 10,720,184 shares of the company’s stock valued at $1,071,035,000 after acquiring an additional 270,356 shares during the period. Geode Capital Management LLC raised its holdings in Veralto by 1.8% during the 4th quarter. Geode Capital Management LLC now owns 7,249,875 shares of the company’s stock worth $720,876,000 after purchasing an additional 126,814 shares during the last quarter. First Trust Advisors LP raised its holdings in Veralto by 33.3% during the 4th quarter. First Trust Advisors LP now owns 4,678,084 shares of the company’s stock worth $466,779,000 after purchasing an additional 1,169,572 shares during the last quarter. Invesco Ltd. lifted its position in Veralto by 6.3% during the 4th quarter. Invesco Ltd. now owns 4,595,043 shares of the company’s stock valued at $458,493,000 after purchasing an additional 272,036 shares during the period. Finally, Bank of New York Mellon Corp lifted its position in Veralto by 2.2% during the 4th quarter. Bank of New York Mellon Corp now owns 3,453,007 shares of the company’s stock valued at $344,541,000 after purchasing an additional 75,253 shares during the period. Institutional investors own 91.28% of the company’s stock.

Veralto Price Performance

Shares of VLTO stock opened at $94.07 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. Veralto Corporation has a 12-month low of $80.03 and a 12-month high of $110.11. The firm has a fifty day moving average of $86.95 and a 200-day moving average of $91.35. The firm has a market capitalization of $23.10 billion, a price-to-earnings ratio of 24.31, a price-to-earnings-growth ratio of 2.56 and a beta of 0.63.

Veralto (NYSE:VLTO) last issued its quarterly earnings data on Tuesday, April 28th. The company reported $1.07 EPS for the quarter, topping the consensus estimate of $1.02 by $0.05. The business had revenue of $1.42 billion for the quarter, compared to the consensus estimate of $1.40 billion. Veralto had a return on equity of 34.63% and a net margin of 17.33%.The firm’s revenue was up 6.8% compared to the same quarter last year. During the same quarter last year, the business posted $0.95 EPS. 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, equities research analysts forecast that Veralto Corporation will post 4.24 earnings per share for the current year.

Veralto Dividend Announcement

The firm 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. The ex-dividend date of this dividend is Tuesday, June 30th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 0.6%. Veralto’s dividend payout ratio (DPR) is currently 13.44%.

Analyst Ratings Changes

VLTO has been the subject of several analyst reports. Robert W. Baird set a $103.00 price target on shares of Veralto in a research report on Thursday, April 30th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Veralto in a research note on Wednesday, June 24th. Stifel Nicolaus lowered their target price on shares of Veralto from $118.00 to $110.00 and set a “buy” rating for the company in a report on Tuesday, April 14th. Barclays dropped their target price on shares of Veralto from $117.00 to $113.00 and set an “overweight” rating for the company in a research report on Thursday, April 30th. Finally, UBS Group increased their price target on Veralto from $99.00 to $101.00 and gave the company a “neutral” rating in a research note on Friday, May 1st. Five analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $106.22.

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.