Hsbc Holdings PLC Sells 46,245 Shares of Veralto Corporation $VLTO

Hsbc Holdings PLC cut its holdings in shares of Veralto Corporation (NYSE:VLTO) by 5.0% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 887,851 shares of the company’s stock after selling 46,245 shares during the quarter. Hsbc Holdings PLC’s holdings in Veralto were worth $78,389,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the business. Resona Asset Management Co. Ltd. raised its holdings in Veralto by 0.7% during the first quarter. Resona Asset Management Co. Ltd. now owns 82,054 shares of the company’s stock worth $7,218,000 after acquiring an additional 569 shares in the last quarter. Isthmus Partners LLC acquired a new position in shares of Veralto during the 1st quarter worth approximately $11,546,000. Frank Rimerman Advisors LLC raised its stake in shares of Veralto by 9.7% during the 1st quarter. Frank Rimerman Advisors LLC now owns 5,155 shares of the company’s stock worth $456,000 after purchasing an additional 456 shares in the last quarter. Montag A & Associates Inc. boosted its holdings in shares of Veralto by 7.4% in the 1st quarter. Montag A & Associates Inc. now owns 5,054 shares of the company’s stock valued at $448,000 after buying an additional 350 shares during the last quarter. Finally, Ascentis Independent Advisors bought a new position in shares of Veralto in the first quarter valued at $96,000. 91.28% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms have issued reports on VLTO. Barclays dropped their price target on shares of Veralto from $117.00 to $113.00 and set an “overweight” rating on the stock in a research report on Thursday, April 30th. Wolfe Research reiterated an “outperform” rating and issued a $109.00 target price on shares of Veralto in a research note on Thursday, July 9th. Citigroup reduced their price target on Veralto from $104.00 to $102.00 and set a “neutral” rating for the company in a report on Thursday, April 30th. UBS Group upped their price objective on Veralto from $99.00 to $101.00 and gave the company a “neutral” rating in a research note on Friday, May 1st. Finally, Stifel Nicolaus cut their price objective on Veralto from $118.00 to $110.00 and set a “buy” rating for the company in a research report on Tuesday, April 14th. Five analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to MarketBeat, Veralto has an average rating of “Hold” and a consensus price target of $106.22.

Veralto Stock Down 0.1%

Shares of VLTO opened at $93.69 on Monday. The firm has a market cap of $23.01 billion, a P/E ratio of 24.21, a price-to-earnings-growth ratio of 2.64 and a beta of 0.63. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.32 and a current ratio of 1.48. Veralto Corporation has a 52 week low of $80.03 and a 52 week high of $110.11. The firm’s 50-day simple moving average is $87.08 and its 200 day simple moving average is $91.30.

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

Veralto Dividend Announcement

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

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.