Renaissance Investment Group LLC Decreases Stake in Veralto Corporation $VLTO

Renaissance Investment Group LLC cut its holdings in shares of Veralto Corporation (NYSE:VLTO) by 69.8% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,551 shares of the company’s stock after selling 5,906 shares during the period. Renaissance Investment Group LLC’s holdings in Veralto were worth $226,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of VLTO. Robeco Institutional Asset Management B.V. raised its holdings in Veralto by 3.4% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 1,199,220 shares of the company’s stock valued at $119,658,000 after acquiring an additional 39,803 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. grew its holdings in Veralto by 30.0% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 61,602 shares of the company’s stock worth $6,147,000 after acquiring an additional 14,219 shares in the last quarter. Arbejdsmarkedets Tillaegspension grew its holdings in Veralto by 23.4% during the 1st quarter. Arbejdsmarkedets Tillaegspension now owns 291,695 shares of the company’s stock worth $25,792,000 after acquiring an additional 55,348 shares in the last quarter. Danske Bank A S grew its holdings in Veralto by 18.8% during the 4th quarter. Danske Bank A S now owns 196,159 shares of the company’s stock worth $19,573,000 after acquiring an additional 31,070 shares in the last quarter. Finally, Border to Coast Pensions Partnership Ltd increased its position in shares of Veralto by 22.9% in the 4th quarter. Border to Coast Pensions Partnership Ltd now owns 386,090 shares of the company’s stock worth $38,594,000 after purchasing an additional 71,910 shares during the last quarter. 91.28% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Veralto

In related news, CEO Jennifer Honeycutt sold 7,097 shares of the stock in a transaction dated Wednesday, July 29th. The shares were sold at an average price of $101.52, for a total value of $720,487.44. Following the sale, the chief executive officer owned 124,085 shares of the company’s stock, valued at $12,597,109.20. This trade represents a 5.41% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 0.43% of the company’s stock.

Veralto Trading Up 0.8%

Shares of NYSE VLTO opened at $97.96 on Friday. Veralto Corporation has a 12-month low of $80.03 and a 12-month high of $110.11. The company has a market cap of $23.88 billion, a price-to-earnings ratio of 24.74, a price-to-earnings-growth ratio of 2.64 and a beta of 0.60. The company has a current ratio of 1.78, a quick ratio of 1.61 and a debt-to-equity ratio of 0.86. The stock’s 50 day simple moving average is $89.53 and its 200 day simple moving average is $90.66.

Veralto (NYSE:VLTO) last issued its quarterly earnings data on Tuesday, July 28th. The company reported $1.11 EPS for the quarter, topping analysts’ consensus estimates of $1.01 by $0.10. Veralto had a return on equity of 34.76% and a net margin of 17.35%.The firm had revenue of $1.47 billion during the quarter, compared to the consensus estimate of $1.45 billion. During the same period in the prior year, the business earned $0.93 EPS. The firm’s revenue was up 7.5% on a year-over-year basis. Veralto has set its FY 2026 guidance at 4.350-4.430 EPS and its Q3 2026 guidance at 1.060-1.090 EPS. Equities research analysts expect that Veralto Corporation will post 4.4 EPS for the current year.

Veralto Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, July 31st. Stockholders of record on Tuesday, June 30th were given a dividend of $0.13 per share. The ex-dividend date was Tuesday, June 30th. This represents a $0.52 annualized dividend and a dividend yield of 0.5%. Veralto’s dividend payout ratio is currently 13.13%.

Analyst Ratings Changes

VLTO has been the topic of a number of recent analyst reports. Royal Bank Of Canada upped their target price on shares of Veralto from $100.00 to $109.00 and gave the company a “sector perform” rating in a research note on Thursday, July 30th. Robert W. Baird set a $111.00 price target on Veralto in a research note on Thursday, July 30th. BNP Paribas Exane reissued an “outperform” rating and issued a $120.00 price objective (up from $115.00) on shares of Veralto in a report on Thursday, July 30th. Citigroup upped their price objective on Veralto from $102.00 to $107.00 and gave the company a “neutral” rating in a research note on Thursday, July 30th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Veralto in a report on Wednesday, June 24th. Six investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $110.90.

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.