Veralto Corporation $VLTO Position Cut by Renaissance Investment Group LLC

Renaissance Investment Group LLC reduced its holdings in Veralto Corporation (NYSE:VLTO) by 69.8% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,551 shares of the company’s stock after selling 5,906 shares during the quarter. Renaissance Investment Group LLC’s holdings in Veralto were worth $226,000 at the end of the most recent quarter.

A number of other institutional investors also recently added to or reduced their stakes in the business. Czech National Bank grew its stake in shares of Veralto by 3.4% in the second quarter. Czech National Bank now owns 69,907 shares of the company’s stock worth $6,199,000 after purchasing an additional 2,284 shares in the last quarter. PensionDanmark Pensionsforsikringsaktieselskab raised its stake in shares of Veralto by 8.1% during the second quarter. PensionDanmark Pensionsforsikringsaktieselskab now owns 57,266 shares of the company’s stock valued at $5,078,000 after purchasing an additional 4,304 shares in the last quarter. Sarasin & Partners LLP lifted its holdings in Veralto by 36.4% in the second quarter. Sarasin & Partners LLP now owns 14,600 shares of the company’s stock worth $1,295,000 after purchasing an additional 3,900 shares during the period. CX Institutional lifted its holdings in Veralto by 119.6% in the second quarter. CX Institutional now owns 3,222 shares of the company’s stock worth $286,000 after purchasing an additional 1,755 shares during the period. Finally, Empowered Funds LLC grew its position in Veralto by 78.4% in the 1st quarter. Empowered Funds LLC now owns 11,147 shares of the company’s stock valued at $986,000 after buying an additional 4,900 shares in the last quarter. Institutional investors and hedge funds own 91.28% of the company’s stock.

Insider Activity

In related news, CEO Jennifer Honeycutt sold 7,097 shares of the stock in a transaction that occurred on Wednesday, July 29th. The shares were sold at an average price of $101.52, for a total transaction of $720,487.44. Following the completion of the sale, the chief executive officer directly owned 124,085 shares of the company’s stock, valued at $12,597,109.20. This represents a 5.41% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.43% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several research firms have commented on VLTO. Citigroup raised their target price on shares of Veralto from $102.00 to $107.00 and gave the company a “neutral” rating in a research note on Thursday, July 30th. Wolfe Research reaffirmed an “outperform” rating and issued a $109.00 price target on shares of Veralto in a research note on Thursday, July 9th. Barclays increased their price objective on shares of Veralto from $113.00 to $117.00 and gave the company an “overweight” rating in a report on Thursday, July 30th. BNP Paribas Exane reiterated an “outperform” rating and set a $120.00 price objective (up from $115.00) on shares of Veralto in a research note on Thursday, July 30th. Finally, Robert W. Baird set a $111.00 target price on Veralto in a report on Thursday, July 30th. Six investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat.com, Veralto currently has a consensus rating of “Moderate Buy” and a consensus target price of $110.90.

Veralto Trading Up 0.8%

Shares of VLTO stock opened at $97.96 on Friday. The stock has a 50-day simple moving average of $89.53 and a 200 day simple moving average of $90.66. Veralto Corporation has a fifty-two week low of $80.03 and a fifty-two week high of $110.11. The stock has a market capitalization of $23.88 billion, a P/E ratio of 24.74, a P/E/G ratio of 2.64 and a beta of 0.60. The company has a quick ratio of 1.61, a current ratio of 1.78 and a debt-to-equity ratio of 0.86.

Veralto (NYSE:VLTO) last released its earnings results on Tuesday, July 28th. The company reported $1.11 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.01 by $0.10. Veralto had a return on equity of 34.76% and a net margin of 17.35%.The firm had revenue of $1.47 billion for the quarter, compared to analyst estimates of $1.45 billion. During the same period in the previous year, the company earned $0.93 earnings per share. Veralto’s revenue was up 7.5% compared to the same quarter last year. Veralto has set its FY 2026 guidance at 4.350-4.430 EPS and its Q3 2026 guidance at 1.060-1.090 EPS. On average, sell-side analysts expect that Veralto Corporation will post 4.4 earnings per share for the current fiscal year.

Veralto Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, July 31st. Stockholders of record on Tuesday, June 30th were paid a $0.13 dividend. The ex-dividend date of this dividend was Tuesday, June 30th. This represents a $0.52 annualized dividend and a dividend yield of 0.5%. Veralto’s payout ratio is currently 13.13%.

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.