Entropy Technologies LP Has $2.13 Million Stock Position in Veralto Corporation $VLTO

Entropy Technologies LP lifted its stake in Veralto Corporation (NYSE:VLTO) by 73.0% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 21,067 shares of the company’s stock after buying an additional 8,892 shares during the period. Entropy Technologies LP’s holdings in Veralto were worth $2,127,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. Harbor Asset Planning Inc. acquired a new position in Veralto during the second quarter worth $26,000. Truvestments Capital LLC increased its position in shares of Veralto by 148.5% during the 1st quarter. Truvestments Capital LLC now owns 328 shares of the company’s stock worth $32,000 after purchasing an additional 196 shares in the last quarter. Ameritas Advisory Services LLC acquired a new stake in shares of Veralto during the 2nd quarter worth about $51,000. Marshall & Sullivan Inc. WA bought a new position in Veralto during the 2nd quarter valued at about $74,000. Finally, IFP Advisors Inc boosted its position 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 buying an additional 311 shares in the last quarter. Institutional investors and hedge funds own 91.28% of the company’s stock.

Insider Activity at Veralto

In related news, CEO Jennifer Honeycutt sold 10,646 shares of the firm’s stock in a transaction on Friday, August 29th. The stock was sold at an average price of $106.26, for a total transaction of $1,131,243.96. Following the sale, the chief executive officer owned 106,219 shares of the company’s stock, valued at approximately $11,286,830.94. This trade represents a 9.11% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 0.36% of the stock is currently owned by corporate insiders.

Veralto Trading Up 1.9%

Shares of NYSE VLTO opened at $99.13 on Friday. The company’s 50 day simple moving average is $102.53 and its 200 day simple moving average is $102.75. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.57 and a quick ratio of 1.40. The firm has a market capitalization of $24.61 billion, a P/E ratio of 27.16, a P/E/G ratio of 3.04 and a beta of 0.89. Veralto Corporation has a fifty-two week low of $83.86 and a fifty-two week high of $110.11.

Veralto (NYSE:VLTO) last announced its quarterly earnings data on Tuesday, October 28th. The company reported $0.99 EPS for the quarter, topping analysts’ consensus estimates of $0.95 by $0.04. Veralto had a return on equity of 38.69% and a net margin of 16.75%.The business had revenue of $1.40 billion during the quarter, compared to analysts’ expectations of $1.40 billion. During the same period in the previous year, the firm earned $0.89 earnings per share. The firm’s quarterly revenue was up 6.8% compared to the same quarter last year. Veralto has set its FY 2025 guidance at 3.820-3.850 EPS. Q4 2025 guidance at 0.950-0.980 EPS. On average, analysts predict that Veralto Corporation will post 3.66 EPS for the current year.

Veralto Dividend Announcement

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

Wall Street Analyst Weigh In

VLTO has been the subject of several recent analyst reports. Weiss Ratings raised shares of Veralto from a “hold (c+)” rating to a “buy (b-)” rating in a report on Wednesday, October 8th. UBS Group increased their price target on Veralto from $110.00 to $112.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 5th. Raymond James Financial began coverage on Veralto in a research report on Tuesday, August 26th. They issued a “market perform” rating for the company. Robert W. Baird increased their target price on Veralto from $106.00 to $112.00 and gave the stock a “neutral” rating in a report on Wednesday, July 30th. Finally, Royal Bank Of Canada raised their target price on Veralto from $108.00 to $111.00 and gave the company a “sector perform” rating in a research note on Thursday, October 30th. Six investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat.com, Veralto currently has a consensus rating of “Moderate Buy” and a consensus price target of $115.25.

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.