Veralto Corporation $VLTO Shares Sold by KBC Group NV

KBC Group NV cut its stake in shares of Veralto Corporation (NYSE:VLTO) by 21.2% during the second quarter, Holdings Channel reports. The firm owned 801,316 shares of the company’s stock after selling 215,559 shares during the quarter. KBC Group NV’s holdings in Veralto were worth $80,893,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Harbor Asset Planning Inc. acquired a new position in shares of Veralto in the second quarter worth about $26,000. Truvestments Capital LLC boosted its stake in Veralto by 148.5% in 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 purchased a new position in Veralto during the 2nd quarter worth approximately $51,000. Marshall & Sullivan Inc. WA acquired a new stake in Veralto during the 2nd quarter valued at $74,000. Finally, IFP Advisors Inc lifted its holdings in shares of Veralto by 70.8% in the second quarter. IFP Advisors Inc now owns 750 shares of the company’s stock valued at $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.

Veralto Price Performance

NYSE VLTO opened at $97.85 on Wednesday. Veralto Corporation has a fifty-two week low of $83.86 and a fifty-two week high of $110.11. The stock’s 50-day moving average is $103.88 and its two-hundred day moving average is $102.65. The firm has a market cap of $24.30 billion, a P/E ratio of 26.81, a price-to-earnings-growth ratio of 3.07 and a beta of 0.89. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.57 and a quick ratio of 1.40.

Veralto (NYSE:VLTO) last issued its quarterly earnings data on Tuesday, October 28th. The company reported $0.99 EPS for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $1.40 billion. During the same quarter in the prior year, the firm posted $0.89 EPS. The firm’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. Q4 2025 guidance at 0.950-0.980 EPS. On average, analysts anticipate that Veralto Corporation will post 3.66 earnings per share for the current fiscal year.

Veralto Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of brokerages have commented on VLTO. Stifel Nicolaus set a $120.00 price objective on Veralto and gave the stock a “buy” rating in a research report on Wednesday, July 30th. Citigroup decreased their target price on shares of Veralto from $112.00 to $111.00 and set a “neutral” rating for the company in a research note 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. Royal Bank Of Canada lifted their price objective on Veralto from $108.00 to $111.00 and gave the company a “sector perform” rating in a research report on Thursday, October 30th. Finally, Raymond James Financial assumed coverage on Veralto in a research report on Tuesday, August 26th. They issued a “market perform” rating on the stock. Six research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat.com, Veralto presently has a consensus rating of “Moderate Buy” and a consensus price target of $115.25.

Insider Activity

In other news, CEO Jennifer Honeycutt sold 10,646 shares of Veralto 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 transaction, the chief executive officer directly owned 106,219 shares in the company, valued at approximately $11,286,830.94. The trade was a 9.11% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.36% of the company’s stock.

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.