Illinois Municipal Retirement Fund Raises Stock Holdings in Veralto Corporation $VLTO

Illinois Municipal Retirement Fund lifted its stake in Veralto Corporation (NYSE:VLTO) by 72.6% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 119,035 shares of the company’s stock after purchasing an additional 50,053 shares during the quarter. Illinois Municipal Retirement Fund’s holdings in Veralto were worth $12,690,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently made changes to their positions in VLTO. Root Financial Partners LLC purchased a new stake in Veralto in the 3rd quarter worth approximately $27,000. Harbor Asset Planning Inc. bought a new position in shares of Veralto in the second quarter worth approximately $26,000. Loomis Sayles & Co. L P purchased a new stake in shares of Veralto in the second quarter worth $28,000. True Wealth Design LLC increased its stake in shares of Veralto by 852.9% in the third quarter. True Wealth Design LLC now owns 324 shares of the company’s stock worth $35,000 after purchasing an additional 290 shares in the last quarter. Finally, Headlands Technologies LLC bought a new stake in shares of Veralto during the 2nd quarter valued at $44,000. 91.28% of the stock is currently owned by institutional investors.

Veralto Price Performance

NYSE:VLTO opened at $91.88 on Friday. The company has a current ratio of 1.67, a quick ratio of 1.52 and a debt-to-equity ratio of 0.64. The company has a market capitalization of $22.81 billion, a P/E ratio of 24.50, a P/E/G ratio of 2.71 and a beta of 0.89. Veralto Corporation has a 12 month low of $83.86 and a 12 month high of $110.11. The business’s 50-day moving average is $99.49 and its 200 day moving average is $102.46.

Veralto (NYSE:VLTO) last released its quarterly earnings results on Tuesday, February 3rd. The company reported $1.04 earnings per share for the quarter, beating the consensus estimate of $0.98 by $0.06. The business had revenue of $1.40 billion during the quarter, compared to analysts’ expectations of $1.41 billion. Veralto had a return on equity of 35.77% and a net margin of 17.08%.The firm’s revenue for the quarter was up 3.8% 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 4.100-4.200 EPS and its Q1 2026 guidance at 0.970-1.010 EPS. On average, equities research analysts forecast that Veralto Corporation will post 3.66 earnings per share for the current fiscal year.

Veralto Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, January 30th. Investors of record on Wednesday, December 31st were given a $0.13 dividend. This is a boost from Veralto’s previous quarterly dividend of $0.11. This represents a $0.52 annualized dividend and a yield of 0.6%. The ex-dividend date was Wednesday, December 31st. Veralto’s dividend payout ratio (DPR) is presently 13.87%.

Insider Transactions at Veralto

In other Veralto news, SVP Mattias Bystrom sold 1,000 shares of the stock in a transaction on Monday, December 1st. The shares were sold at an average price of $101.73, for a total transaction of $101,730.00. Following the completion of the transaction, the senior vice president owned 31,430 shares in the company, valued at $3,197,373.90. This trade represents a 3.08% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.36% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the stock. Weiss Ratings downgraded shares of Veralto from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday, December 31st. Jefferies Financial Group reaffirmed a “hold” rating on shares of Veralto in a research note on Wednesday, February 4th. Robert W. Baird set a $108.00 target price on Veralto in a research note on Thursday, February 5th. Barclays reissued an “overweight” rating and issued a $117.00 price target on shares of Veralto in a report on Thursday, February 5th. Finally, Royal Bank Of Canada cut their price objective on shares of Veralto from $111.00 to $102.00 and set a “sector perform” rating for the company in a report on Thursday, February 5th. Five equities research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $108.22.

About Veralto

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.