Teacher Retirement System of Texas Raises Stake in Veralto Corporation $VLTO

Teacher Retirement System of Texas grew its stake in Veralto Corporation (NYSE:VLTO) by 24.6% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 518,243 shares of the company’s stock after acquiring an additional 102,339 shares during the quarter. Teacher Retirement System of Texas’ holdings in Veralto were worth $55,250,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of VLTO. Capital Advisors Inc. OK raised its stake in Veralto by 6.3% during the third quarter. Capital Advisors Inc. OK now owns 380,910 shares of the company’s stock worth $40,609,000 after purchasing an additional 22,464 shares during the period. Spire Wealth Management increased its holdings in shares of Veralto by 1,579.5% during the 3rd quarter. Spire Wealth Management now owns 12,311 shares of the company’s stock worth $1,312,000 after buying an additional 11,578 shares during the last quarter. Defender Capital LLC. raised its position in shares of Veralto by 9.2% during the 2nd quarter. Defender Capital LLC. now owns 172,870 shares of the company’s stock valued at $17,451,000 after buying an additional 14,586 shares during the period. Robeco Institutional Asset Management B.V. raised its position in shares of Veralto by 8.9% during 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 during the period. Finally, Wolverine Asset Management LLC purchased a new position in Veralto in the third quarter worth approximately $1,919,000. Institutional investors and hedge funds own 91.28% of the company’s stock.

Insiders Place Their Bets

In related news, SVP Mattias Bystrom sold 1,000 shares of Veralto stock in a transaction that occurred on Monday, December 1st. The shares were sold at an average price of $101.73, for a total value of $101,730.00. Following the completion of the transaction, the senior vice president owned 31,430 shares in the company, valued at $3,197,373.90. The trade was a 3.08% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.36% of the stock is currently owned by company insiders.

Veralto Stock Down 0.5%

Veralto stock opened at $101.44 on Friday. The firm has a market capitalization of $25.19 billion, a P/E ratio of 27.79, a P/E/G ratio of 2.90 and a beta of 0.88. The company has a current ratio of 1.57, a quick ratio of 1.40 and a debt-to-equity ratio of 0.69. Veralto Corporation has a twelve month low of $83.86 and a twelve month high of $110.11. The stock’s fifty day simple moving average is $100.67 and its 200-day simple moving average is $103.10.

Veralto (NYSE:VLTO) last released its earnings results on Tuesday, October 28th. The company reported $0.99 EPS for the quarter, topping the consensus estimate of $0.95 by $0.04. Veralto had a return on equity of 38.69% and a net margin of 16.75%.The firm 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 posted $0.89 EPS. Veralto’s revenue for the quarter was up 6.8% on a year-over-year basis. Veralto has set its FY 2025 guidance at 3.820-3.850 EPS and its Q4 2025 guidance at 0.950-0.980 EPS. As a group, equities analysts expect that Veralto Corporation will post 3.66 earnings per share for the current fiscal year.

Veralto Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, January 30th. Investors of record on Wednesday, December 31st will be paid a dividend of $0.13 per share. The ex-dividend date is Wednesday, December 31st. This is a positive change from Veralto’s previous quarterly dividend of $0.11. This represents a $0.52 dividend on an annualized basis and a dividend yield of 0.5%. Veralto’s payout ratio is currently 14.25%.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the company. Citigroup reduced their target price on Veralto from $112.00 to $111.00 and set a “neutral” rating on the stock in a research report on Thursday, October 30th. UBS Group raised their price objective on Veralto from $110.00 to $112.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 5th. Royal Bank Of Canada upped their target price on shares of Veralto from $108.00 to $111.00 and gave the company a “sector perform” rating in a research report on Thursday, October 30th. Barclays increased their target price on shares of Veralto from $119.00 to $121.00 and gave the stock an “overweight” rating in a research note on Thursday, October 30th. Finally, BMO Capital Markets reduced their price target on shares of Veralto from $123.00 to $114.00 and set an “outperform” rating on the stock in a research note on Tuesday, November 25th. Five analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. According to data from MarketBeat.com, Veralto currently has an average rating of “Hold” and an average price target of $112.89.

Veralto 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.