Veralto Corporation $VLTO Shares Sold by Lombard Odier Asset Management Europe Ltd

Lombard Odier Asset Management Europe Ltd decreased its holdings in Veralto Corporation (NYSE:VLTO) by 8.3% during the 1st quarter, HoldingsChannel reports. The institutional investor owned 135,546 shares of the company’s stock after selling 12,223 shares during the quarter. Lombard Odier Asset Management Europe Ltd’s holdings in Veralto were worth $11,985,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of VLTO. State Street Corp grew its stake in Veralto by 2.6% during the fourth quarter. State Street Corp now owns 10,720,184 shares of the company’s stock worth $1,071,035,000 after buying an additional 270,356 shares during the period. Geode Capital Management LLC raised its stake in shares of Veralto by 1.8% in the 4th quarter. Geode Capital Management LLC now owns 7,249,875 shares of the company’s stock valued at $720,876,000 after acquiring an additional 126,814 shares during the period. First Trust Advisors LP raised its stake in shares of Veralto by 31.5% in the 1st quarter. First Trust Advisors LP now owns 6,150,388 shares of the company’s stock valued at $543,817,000 after acquiring an additional 1,472,304 shares during the period. Invesco Ltd. lifted its holdings in shares of Veralto by 6.3% during the 4th quarter. Invesco Ltd. now owns 4,595,043 shares of the company’s stock valued at $458,493,000 after acquiring an additional 272,036 shares in the last quarter. Finally, Amundi lifted its holdings in shares of Veralto by 16.3% during the 1st quarter. Amundi now owns 3,797,526 shares of the company’s stock valued at $335,785,000 after acquiring an additional 531,478 shares in the last quarter. 91.28% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

VLTO has been the subject of a number of research reports. Citigroup upped their price target on shares of Veralto from $102.00 to $107.00 and gave the stock a “neutral” rating in a research report on Thursday. BNP Paribas Exane restated an “outperform” rating and set a $120.00 price objective (up from $115.00) on shares of Veralto in a research note on Thursday. Stifel Nicolaus boosted their price objective on Veralto from $111.00 to $114.00 and gave the stock a “buy” rating in a research note on Thursday. Robert W. Baird set a $111.00 target price on Veralto in a research report on Thursday. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Veralto in a research note on Wednesday, June 24th. Six equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. Based on data from MarketBeat, Veralto has a consensus rating of “Moderate Buy” and an average target price of $110.90.

Insider Buying and Selling at Veralto

In other news, CEO Jennifer Honeycutt sold 7,097 shares of the firm’s stock in a transaction dated Wednesday, July 29th. The stock was sold at an average price of $101.52, for a total transaction of $720,487.44. Following the completion of the sale, the chief executive officer directly owned 124,085 shares in the company, valued at $12,597,109.20. This trade represents a 5.41% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.43% of the stock is owned by corporate insiders.

Veralto Trading Up 0.2%

NYSE VLTO opened at $94.34 on Monday. The stock has a market cap of $23.00 billion, a P/E ratio of 23.82, a PEG ratio of 2.55 and a beta of 0.60. The company’s fifty day simple moving average is $88.62 and its 200-day simple moving average is $90.83. The company has a current ratio of 1.78, a quick ratio of 1.61 and a debt-to-equity ratio of 0.86. Veralto Corporation has a 52 week low of $80.03 and a 52 week high of $110.11.

Veralto (NYSE:VLTO) last released its quarterly earnings results on Tuesday, July 28th. The company reported $1.11 earnings per share for the quarter, beating analysts’ consensus estimates of $1.01 by $0.10. Veralto had a net margin of 17.35% and a return on equity of 34.76%. The business had revenue of $1.47 billion during the quarter, compared to analyst estimates of $1.45 billion. During the same period last year, the business earned $0.93 EPS. The business’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 predict that Veralto Corporation will post 4.41 EPS for the current fiscal year.

Veralto Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, July 31st. Shareholders of record on Tuesday, June 30th were given a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a yield of 0.6%. The ex-dividend date of this dividend was Tuesday, June 30th. Veralto’s dividend payout ratio is presently 13.13%.

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.