Champlain Investment Partners LLC Raises Stock Position in Veralto Corporation $VLTO

Champlain Investment Partners LLC lifted its holdings in shares of Veralto Corporation (NYSE:VLTO) by 1.7% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,586,887 shares of the company’s stock after purchasing an additional 27,232 shares during the quarter. Veralto comprises about 1.1% of Champlain Investment Partners LLC’s holdings, making the stock its 26th biggest holding. Champlain Investment Partners LLC owned about 0.64% of Veralto worth $160,196,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the business. Harbor Asset Planning Inc. acquired a new stake in Veralto during the 2nd quarter worth approximately $26,000. Truvestments Capital LLC increased its position in shares of Veralto by 148.5% during the first quarter. Truvestments Capital LLC now owns 328 shares of the company’s stock worth $32,000 after acquiring an additional 196 shares during the period. Ameritas Advisory Services LLC purchased a new stake in shares of Veralto during the second quarter worth $51,000. Marshall & Sullivan Inc. WA acquired a new stake in shares of Veralto in the second quarter valued at $74,000. Finally, IFP Advisors Inc boosted its holdings in Veralto by 70.8% in the second quarter. IFP Advisors Inc now owns 750 shares of the company’s stock valued at $76,000 after purchasing an additional 311 shares during the period. Institutional investors and hedge funds own 91.28% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have weighed in on VLTO. UBS Group upped their price target on Veralto from $110.00 to $112.00 and gave the stock a “neutral” rating in a report on Wednesday, November 5th. Royal Bank Of Canada boosted their price objective on Veralto from $108.00 to $111.00 and gave the stock a “sector perform” rating in a research report on Thursday, October 30th. Citigroup reduced their target price on shares of Veralto from $112.00 to $111.00 and set a “neutral” rating on the stock in a report on Thursday, October 30th. Stifel Nicolaus set a $120.00 price target on shares of Veralto and gave the stock a “buy” rating in a research note on Wednesday, July 30th. Finally, Weiss Ratings upgraded shares of Veralto from a “hold (c+)” rating to a “buy (b-)” rating in a report on Wednesday, October 8th. Six research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $115.25.

Insider Activity at Veralto

In other news, CEO Jennifer Honeycutt sold 10,646 shares of the business’s stock in a transaction dated Friday, August 29th. The stock was sold at an average price of $106.26, for a total value of $1,131,243.96. Following the completion of the sale, the chief executive officer directly owned 106,219 shares of the company’s stock, valued at approximately $11,286,830.94. The trade was a 9.11% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.36% of the company’s stock.

Veralto Stock Up 1.9%

VLTO stock opened at $99.13 on Monday. The stock has a market cap of $24.61 billion, a P/E ratio of 27.16, a PEG ratio of 3.09 and a beta of 0.89. The company has a current ratio of 1.57, a quick ratio of 1.40 and a debt-to-equity ratio of 0.69. Veralto Corporation has a twelve month low of $83.86 and a twelve month high of $110.11. The company’s 50 day moving average is $102.53 and its two-hundred day moving average is $102.85.

Veralto (NYSE:VLTO) last issued its earnings results on Tuesday, October 28th. The company reported $0.99 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.95 by $0.04. Veralto had a net margin of 16.75% and a return on equity of 38.69%. The business had revenue of $1.40 billion during the quarter, compared to analysts’ expectations of $1.40 billion. During the same quarter in the prior year, the business posted $0.89 EPS. The company’s revenue for the quarter was up 6.8% on a year-over-year basis. Veralto has set its FY 2025 guidance at 3.820-3.850 EPS. Q4 2025 guidance at 0.950-0.980 EPS. Research analysts expect that Veralto Corporation will post 3.66 earnings per share for the current fiscal year.

Veralto Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 31st. Shareholders of record on Tuesday, September 30th were issued a dividend of $0.11 per share. The ex-dividend date of this dividend was Tuesday, September 30th. This represents a $0.44 annualized dividend and a dividend yield of 0.4%. Veralto’s dividend payout ratio (DPR) is presently 12.05%.

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.