T. Rowe Price Investment Management Inc. Sells 1,436,785 Shares of Veralto Corporation $VLTO

T. Rowe Price Investment Management Inc. lessened its stake in shares of Veralto Corporation (NYSE:VLTO) by 20.8% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 5,461,464 shares of the company’s stock after selling 1,436,785 shares during the quarter. T. Rowe Price Investment Management Inc.’s holdings in Veralto were worth $544,945,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of VLTO. Compound Planning Inc. lifted its position in Veralto by 13.6% during the fourth quarter. Compound Planning Inc. now owns 2,242 shares of the company’s stock worth $224,000 after acquiring an additional 268 shares during the last quarter. Invesco Ltd. grew its position in shares of Veralto by 6.3% in the fourth 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 last quarter. Corient Private Wealth LLC increased its stake in shares of Veralto by 5.7% during the fourth quarter. Corient Private Wealth LLC now owns 147,228 shares of the company’s stock worth $14,737,000 after purchasing an additional 7,966 shares during the period. Mercer Global Advisors Inc. ADV increased its stake in shares of Veralto by 20.0% during the fourth quarter. Mercer Global Advisors Inc. ADV now owns 51,592 shares of the company’s stock worth $5,148,000 after purchasing an additional 8,582 shares during the period. Finally, Beacon Pointe Advisors LLC lifted its holdings in shares of Veralto by 59.4% during the fourth quarter. Beacon Pointe Advisors LLC now owns 4,555 shares of the company’s stock worth $454,000 after buying an additional 1,697 shares in the last quarter. Institutional investors own 91.28% of the company’s stock.

Veralto Stock Performance

NYSE:VLTO opened at $83.88 on Friday. Veralto Corporation has a twelve month low of $80.03 and a twelve month high of $110.11. 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 stock’s 50-day simple moving average is $86.69 and its 200 day simple moving average is $92.86. The firm has a market capitalization of $20.60 billion, a PE ratio of 21.67, a price-to-earnings-growth ratio of 2.34 and a beta of 0.69.

Veralto (NYSE:VLTO) last issued its earnings results on Tuesday, April 28th. The company reported $1.07 EPS for the quarter, topping the consensus estimate of $1.02 by $0.05. The firm had revenue of $1.42 billion during 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 business’s quarterly revenue was up 6.8% on a year-over-year basis. During the same quarter in the previous year, the firm earned $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 anticipate that Veralto Corporation will post 4.23 EPS for the current fiscal year.

Veralto Dividend Announcement

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

Analysts Set New Price Targets

VLTO has been the subject of a number of recent research reports. Royal Bank Of Canada boosted their price objective on shares of Veralto from $99.00 to $100.00 and gave the company a “sector perform” rating in a report on Thursday, April 30th. Robert W. Baird set a $103.00 target price on shares of Veralto in a report on Thursday, April 30th. Jefferies Financial Group began coverage on Veralto in a research note on Tuesday, March 31st. They issued a “buy” rating and a $110.00 price target for the company. UBS Group upped their target price on Veralto from $99.00 to $101.00 and gave the company a “neutral” rating in a research report on Friday, May 1st. Finally, Stifel Nicolaus decreased their price target on Veralto from $118.00 to $110.00 and set a “buy” rating on the stock in a research report on Tuesday, April 14th. Five investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average 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.