Veralto Corporation $VLTO Shares Sold by Mediolanum International Funds Ltd

Mediolanum International Funds Ltd cut its position in shares of Veralto Corporation (NYSE:VLTO) by 58.2% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 51,417 shares of the company’s stock after selling 71,587 shares during the quarter. Mediolanum International Funds Ltd’s holdings in Veralto were worth $5,197,000 as of its most recent filing with the SEC.

Several other large investors also recently bought and sold shares of VLTO. MAI Capital Management raised its stake in shares of Veralto by 3.9% during the 2nd quarter. MAI Capital Management now owns 5,738 shares of the company’s stock worth $579,000 after buying an additional 215 shares during the last quarter. Hillsdale Investment Management Inc. acquired a new position in Veralto during the second quarter worth about $717,000. DNB Asset Management AS grew its position in shares of Veralto by 24.0% in the second quarter. DNB Asset Management AS now owns 87,833 shares of the company’s stock valued at $8,867,000 after purchasing an additional 17,019 shares during the last quarter. Entropy Technologies LP raised its position in shares of Veralto by 73.0% during the 2nd quarter. Entropy Technologies LP now owns 21,067 shares of the company’s stock worth $2,127,000 after purchasing an additional 8,892 shares during the last quarter. Finally, Magnetar Financial LLC grew its holdings in Veralto by 12.6% during the 2nd quarter. Magnetar Financial LLC now owns 43,582 shares of the company’s stock valued at $4,400,000 after buying an additional 4,863 shares during the last quarter. Institutional investors and hedge funds own 91.28% of the company’s stock.

Veralto Trading Up 1.9%

Shares of VLTO stock opened at $99.13 on Friday. The company has a quick ratio of 1.40, a current ratio of 1.57 and a debt-to-equity ratio of 0.69. Veralto Corporation has a fifty-two week low of $83.86 and a fifty-two week high of $110.11. The firm’s 50 day moving average price is $102.53 and its two-hundred day moving average price is $102.80. The stock has a market cap of $24.61 billion, a price-to-earnings ratio of 27.16, a price-to-earnings-growth ratio of 3.09 and a beta of 0.89.

Veralto (NYSE:VLTO) last issued its earnings results on Tuesday, October 28th. The company reported $0.99 EPS for the quarter, beating analysts’ consensus estimates of $0.95 by $0.04. The business had revenue of $1.40 billion for the quarter, compared to the consensus estimate of $1.40 billion. Veralto had a net margin of 16.75% and a return on equity of 38.69%. The business’s revenue for the quarter was up 6.8% compared to the same quarter last year. During the same quarter last year, the firm posted $0.89 EPS. 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 EPS for the current year.

Veralto Dividend Announcement

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

Insider Activity at Veralto

In other news, CEO Jennifer Honeycutt sold 10,646 shares of the company’s 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 completion of the sale, the chief executive officer owned 106,219 shares of the company’s stock, valued at $11,286,830.94. This represents a 9.11% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.36% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of research firms recently commented on VLTO. Barclays lifted their price objective on Veralto from $119.00 to $121.00 and gave the stock an “overweight” rating in a research report on Thursday, October 30th. Raymond James Financial began coverage on Veralto in a report on Tuesday, August 26th. They issued a “market perform” rating for 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 increased their price objective on shares of Veralto from $110.00 to $112.00 and gave the stock a “neutral” rating in a report on Wednesday, November 5th. Finally, Weiss Ratings raised shares of Veralto from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Wednesday, October 8th. Six analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $115.25.

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.