Lbp Am Sa Has $13.23 Million Stock Holdings in Veralto Corporation $VLTO

Lbp Am Sa trimmed its position in Veralto Corporation (NYSE:VLTO) by 12.2% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 131,079 shares of the company’s stock after selling 18,293 shares during the quarter. Lbp Am Sa’s holdings in Veralto were worth $13,232,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in VLTO. Baldwin Investment Management LLC lifted its position in shares of Veralto by 3.4% during the 1st quarter. Baldwin Investment Management LLC now owns 3,219 shares of the company’s stock worth $314,000 after buying an additional 106 shares during the last quarter. Cambridge Investment Research Advisors Inc. lifted its position in shares of Veralto by 1.3% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 8,784 shares of the company’s stock worth $856,000 after buying an additional 113 shares during the last quarter. Phoenix Financial Ltd. lifted its position in shares of Veralto by 2.9% during the 1st quarter. Phoenix Financial Ltd. now owns 4,644 shares of the company’s stock worth $454,000 after buying an additional 132 shares during the last quarter. Meiji Yasuda Asset Management Co Ltd. lifted its position in shares of Veralto by 3.6% during the 1st quarter. Meiji Yasuda Asset Management Co Ltd. now owns 3,883 shares of the company’s stock worth $378,000 after buying an additional 134 shares during the last quarter. Finally, Argent Trust Co lifted its position in shares of Veralto by 1.8% during the 1st quarter. Argent Trust Co now owns 8,096 shares of the company’s stock worth $789,000 after buying an additional 140 shares during the last quarter. 91.28% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts recently weighed in on the company. Raymond James Financial assumed coverage on Veralto in a research report on Tuesday, August 26th. They set a “market perform” rating for the company. Wolfe Research upgraded Veralto from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, July 30th. Royal Bank Of Canada increased their target price on Veralto from $104.00 to $108.00 and gave the company a “sector perform” rating in a research report on Wednesday, July 30th. Stifel Nicolaus set a $120.00 target price on Veralto and gave the company a “buy” rating in a research report on Wednesday, July 30th. Finally, Robert W. Baird increased their target price on Veralto from $106.00 to $112.00 and gave the company a “neutral” rating in a research report on Wednesday, July 30th. Five equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $113.57.

Veralto Price Performance

Veralto stock opened at $106.58 on Wednesday. The company has a current ratio of 2.32, a quick ratio of 2.06 and a debt-to-equity ratio of 1.00. The company has a market capitalization of $26.45 billion, a PE ratio of 29.77, a P/E/G ratio of 3.49 and a beta of 0.91. Veralto Corporation has a 12 month low of $83.86 and a 12 month high of $115.00. The stock has a 50-day moving average price of $106.43 and a two-hundred day moving average price of $100.59.

Veralto (NYSE:VLTO) last issued its quarterly earnings results on Monday, July 28th. The company reported $0.93 earnings per share for the quarter, beating the consensus estimate of $0.89 by $0.04. The company had revenue of $1.37 billion during the quarter, compared to analysts’ expectations of $1.34 billion. Veralto had a return on equity of 41.45% and a net margin of 16.65%.The business’s quarterly revenue was up 6.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.85 earnings per share. Veralto has set its FY 2025 guidance at 3.720-3.800 EPS. Q3 2025 guidance at 0.910-0.950 EPS. Analysts expect that Veralto Corporation will post 3.66 EPS for the current year.

Veralto Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, October 31st. Stockholders of record on Tuesday, September 30th will be paid a $0.11 dividend. The ex-dividend date of this dividend is Tuesday, September 30th. This represents a $0.44 annualized dividend and a dividend yield of 0.4%. Veralto’s dividend payout ratio is presently 12.29%.

Insider Buying and Selling at Veralto

In other news, CEO Jennifer Honeycutt sold 10,646 shares of the 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 owned 106,219 shares of the company’s stock, valued at approximately $11,286,830.94. This represents a 9.11% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 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.