King Luther Capital Management Corp Has $46.34 Million Stock Holdings in Veralto Corporation $VLTO

King Luther Capital Management Corp decreased its position in Veralto Corporation (NYSE:VLTO) by 3.4% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 459,027 shares of the company’s stock after selling 16,178 shares during the period. King Luther Capital Management Corp owned about 0.18% of Veralto worth $46,339,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of VLTO. Vanguard Group Inc. raised its stake in shares of Veralto by 1.3% in the first quarter. Vanguard Group Inc. now owns 29,737,470 shares of the company’s stock valued at $2,897,916,000 after purchasing an additional 390,285 shares in the last quarter. T. Rowe Price Investment Management Inc. lifted its holdings in shares of Veralto by 8.3% during the 1st quarter. T. Rowe Price Investment Management Inc. now owns 10,541,438 shares of the company’s stock worth $1,027,264,000 after acquiring an additional 811,843 shares during the period. Alliancebernstein L.P. boosted its position in shares of Veralto by 28.0% during the 1st quarter. Alliancebernstein L.P. now owns 6,235,563 shares of the company’s stock valued at $607,656,000 after acquiring an additional 1,363,502 shares in the last quarter. Invesco Ltd. boosted its position in shares of Veralto by 6.9% during the 1st quarter. Invesco Ltd. now owns 4,856,071 shares of the company’s stock valued at $473,224,000 after acquiring an additional 314,704 shares in the last quarter. Finally, JPMorgan Chase & Co. raised its position in Veralto by 26.8% in the first quarter. JPMorgan Chase & Co. now owns 3,223,571 shares of the company’s stock worth $314,137,000 after purchasing an additional 682,123 shares in the last quarter. Institutional investors and hedge funds own 91.28% of the company’s stock.

Veralto Price Performance

Shares of VLTO stock opened at $98.58 on Friday. The stock’s fifty day moving average is $104.18 and its 200-day moving average is $102.48. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.40 and a current ratio of 1.57. Veralto Corporation has a 52 week low of $83.86 and a 52 week high of $110.11. The stock has a market capitalization of $24.48 billion, a PE ratio of 27.01, a PEG ratio of 3.08 and a beta of 0.89.

Veralto (NYSE:VLTO) last announced its earnings results on Tuesday, October 28th. The company reported $0.99 earnings per share for the quarter, topping analysts’ consensus estimates of $0.95 by $0.04. Veralto had a net margin of 16.75% and a return on equity of 38.69%. The company had revenue of $1.40 billion during the quarter, compared to the consensus estimate of $1.40 billion. During the same period in the previous year, the firm posted $0.89 earnings per share. The company’s revenue 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. Equities research analysts expect that Veralto Corporation will post 3.66 EPS for the current fiscal year.

Veralto Announces Dividend

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

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the company. UBS Group upped their price objective on Veralto from $110.00 to $112.00 and gave the company a “neutral” rating in a research note on Wednesday. Stifel Nicolaus set a $120.00 price target on Veralto and gave the company a “buy” rating in a research report on Wednesday, July 30th. Barclays lifted their price objective on Veralto from $119.00 to $121.00 and gave the company an “overweight” rating in a report on Thursday, October 30th. Weiss Ratings upgraded shares of Veralto from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Wednesday, October 8th. Finally, Citigroup dropped their target price on shares of Veralto from $112.00 to $111.00 and set a “neutral” rating for the company in a research report on Thursday, October 30th. Six investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Veralto currently has an average rating of “Moderate Buy” and an average target price 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 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 completion of the sale, the chief executive officer owned 106,219 shares in the company, valued at $11,286,830.94. The trade was a 9.11% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 0.36% of the company’s stock.

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.