Swedbank AB Sells 134,414 Shares of Veralto Corporation $VLTO

Swedbank AB lessened its stake in shares of Veralto Corporation (NYSE:VLTO) by 10.9% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 1,098,118 shares of the company’s stock after selling 134,414 shares during the quarter. Swedbank AB’s holdings in Veralto were worth $109,570,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of VLTO. Compass Wealth Management LLC bought a new position in shares of Veralto during the third quarter worth approximately $6,708,000. Spire Wealth Management boosted its stake in Veralto by 1,579.5% in the 3rd quarter. Spire Wealth Management now owns 12,311 shares of the company’s stock valued at $1,312,000 after purchasing an additional 11,578 shares during the period. Wolverine Asset Management LLC bought a new stake in Veralto in the 3rd quarter valued at $1,919,000. LGT Capital Partners LTD. acquired a new position in Veralto in the 3rd quarter valued at $2,068,000. Finally, Robeco Institutional Asset Management B.V. grew its holdings in Veralto by 8.9% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 1,159,417 shares of the company’s stock valued at $123,605,000 after buying an additional 94,607 shares in the last quarter. Institutional investors own 91.28% of the company’s stock.

Veralto Stock Performance

Shares of NYSE:VLTO opened at $86.98 on Thursday. Veralto Corporation has a 1 year low of $84.99 and a 1 year high of $110.11. The stock has a market capitalization of $21.36 billion, a price-to-earnings ratio of 22.47, a price-to-earnings-growth ratio of 2.49 and a beta of 0.77. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.48 and a quick ratio of 1.32. The company’s 50 day simple moving average is $90.34 and its 200 day simple moving average is $96.22.

Veralto (NYSE:VLTO) last released its earnings results on Tuesday, April 28th. The company reported $1.07 earnings per share for the quarter, topping the consensus estimate of $1.02 by $0.05. The firm had revenue of $1.42 billion during the quarter, compared to analysts’ expectations of $1.40 billion. Veralto had a return on equity of 34.63% and a net margin of 17.33%.The company’s quarterly revenue was up 6.8% on a year-over-year basis. During the same period in the prior year, the company earned $0.95 earnings per share. Veralto has set its FY 2026 guidance at 4.200-4.280 EPS and its Q2 2026 guidance at 0.960-1.000 EPS. As a group, research analysts predict that Veralto Corporation will post 4.23 EPS for the current fiscal year.

Veralto Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, April 30th. Investors of record on Tuesday, March 31st were given a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a dividend yield of 0.6%. The ex-dividend date was Tuesday, March 31st. Veralto’s dividend payout ratio is currently 13.44%.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the company. UBS Group lifted their target price on Veralto from $99.00 to $101.00 and gave the stock a “neutral” rating in a report on Friday, May 1st. BMO Capital Markets restated an “outperform” rating on shares of Veralto in a research note on Wednesday, February 11th. Stifel Nicolaus lowered their price target on shares of Veralto from $118.00 to $110.00 and set a “buy” rating on the stock in a research report on Tuesday, April 14th. Jefferies Financial Group initiated coverage on shares of Veralto in a research note on Tuesday, March 31st. They issued a “buy” rating and a $110.00 price objective for the company. Finally, Citigroup cut their price objective on shares of Veralto from $104.00 to $102.00 and set a “neutral” rating for the company in a report on Thursday, April 30th. Five analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat.com, Veralto has a consensus rating of “Hold” and a consensus target price of $105.88.

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. This segment provides water solutions, including chemical reagents, services, and digital solutions.