Veralto Corporation $VLTO Shares Purchased by Mitsubishi UFJ Asset Management Co. Ltd.

Mitsubishi UFJ Asset Management Co. Ltd. raised its stake in Veralto Corporation (NYSE:VLTO) by 7.1% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 475,434 shares of the company’s stock after buying an additional 31,312 shares during the quarter. Mitsubishi UFJ Asset Management Co. Ltd. owned about 0.19% of Veralto worth $47,995,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of VLTO. Harbor Asset Planning Inc. purchased a new stake in shares of Veralto in the 2nd quarter valued at approximately $26,000. Truvestments Capital LLC boosted its position in shares of Veralto by 148.5% during the 1st quarter. Truvestments Capital LLC now owns 328 shares of the company’s stock worth $32,000 after purchasing an additional 196 shares during the period. Ameritas Advisory Services LLC acquired a new stake in Veralto in the 2nd quarter valued at approximately $51,000. Marshall & Sullivan Inc. WA purchased a new stake in Veralto in the second quarter valued at approximately $74,000. Finally, IFP Advisors Inc lifted its stake in Veralto by 70.8% during the second quarter. IFP Advisors Inc now owns 750 shares of the company’s stock worth $76,000 after purchasing an additional 311 shares in the last quarter. Hedge funds and other institutional investors own 91.28% of the company’s stock.

Insider Buying and Selling

In other Veralto news, CEO Jennifer Honeycutt sold 10,646 shares of the firm’s stock in a transaction that occurred on Friday, August 29th. The shares were sold at an average price of $106.26, for a total transaction of $1,131,243.96. Following the sale, the chief executive officer owned 106,219 shares of the company’s stock, valued at approximately $11,286,830.94. This trade represents a 9.11% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.36% of the stock is owned by corporate insiders.

Veralto Stock Performance

NYSE:VLTO opened at $98.27 on Tuesday. Veralto Corporation has a 12 month low of $83.86 and a 12 month high of $110.11. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.57 and a quick ratio of 1.40. The firm has a market capitalization of $24.40 billion, a PE ratio of 26.92, a price-to-earnings-growth ratio of 3.08 and a beta of 0.89. The business’s fifty day moving average price is $104.02 and its 200 day moving average price is $102.61.

Veralto (NYSE:VLTO) last released its quarterly earnings data on Tuesday, October 28th. The company reported $0.99 earnings per share (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 business had revenue of $1.40 billion during the quarter, compared to analysts’ expectations of $1.40 billion. During the same period in the prior year, the firm posted $0.89 EPS. The business’s quarterly revenue was up 6.8% compared to the same quarter last year. Veralto has set its FY 2025 guidance at 3.820-3.850 EPS. Q4 2025 guidance at 0.950-0.980 EPS. On average, sell-side analysts anticipate that Veralto Corporation will post 3.66 earnings per share for the current fiscal year.

Veralto Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, October 31st. Investors of record on Tuesday, September 30th were issued a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a yield of 0.4%. The ex-dividend date of this dividend was Tuesday, September 30th. Veralto’s dividend payout ratio is 12.05%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the company. Robert W. Baird raised their target price on Veralto from $106.00 to $112.00 and gave the company a “neutral” rating in a report on Wednesday, July 30th. UBS Group increased their price target on shares of 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 lifted their price objective on shares of Veralto from $108.00 to $111.00 and gave the company a “sector perform” rating in a report on Thursday, October 30th. Wolfe Research raised shares of Veralto from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, July 30th. Finally, Raymond James Financial began coverage on shares of Veralto in a report on Tuesday, August 26th. They set a “market perform” rating on the stock. Six research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to MarketBeat, Veralto presently has an average rating of “Moderate Buy” and an average price target of $115.25.

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.