Veralto Corporation $VLTO Shares Sold by Mirova US LLC

Mirova US LLC cut its holdings in shares of Veralto Corporation (NYSE:VLTO) by 3.7% during the third quarter, Holdings Channel.com reports. The institutional investor owned 1,084,448 shares of the company’s stock after selling 42,138 shares during the period. Veralto accounts for 1.2% of Mirova US LLC’s investment portfolio, making the stock its 29th largest holding. Mirova US LLC’s holdings in Veralto were worth $115,613,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Harbor Asset Planning Inc. purchased a new stake in shares of Veralto during the second quarter worth $26,000. Loomis Sayles & Co. L P acquired a new position in shares of Veralto during the second quarter worth about $28,000. Headlands Technologies LLC acquired a new stake in shares of Veralto in the 2nd quarter valued at $44,000. Elevation Point Wealth Partners LLC acquired a new stake in Veralto in the second quarter valued at $50,000. Finally, Ameritas Advisory Services LLC purchased a new stake in Veralto during the second quarter worth approximately $51,000. Hedge funds and other institutional investors own 91.28% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on VLTO shares. Citigroup decreased their price objective 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. BMO Capital Markets dropped their price objective 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. Royal Bank Of Canada lifted their price target on Veralto from $108.00 to $111.00 and gave the company a “sector perform” rating in a research note on Thursday, October 30th. UBS Group boosted 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, Jefferies Financial Group restated a “hold” rating and set a $105.00 target price (down from $125.00) on shares of Veralto in a report on Wednesday, December 10th. Six investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $112.89.

Veralto Stock Down 0.3%

VLTO opened at $101.44 on Tuesday. Veralto Corporation has a 12 month low of $83.86 and a 12 month high of $110.11. The business has a 50-day moving average of $100.45 and a two-hundred day moving average of $102.98. 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 stock has a market capitalization of $25.19 billion, a price-to-earnings ratio of 27.79, a price-to-earnings-growth ratio of 3.17 and a beta of 0.87.

Veralto (NYSE:VLTO) last released its earnings results 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 net margin of 16.75% and a return on equity of 38.69%. The business had revenue of $1.40 billion for the quarter, compared to analysts’ expectations of $1.40 billion. During the same period last year, the company earned $0.89 earnings per share. The company’s quarterly revenue 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. On average, research analysts expect that Veralto Corporation will post 3.66 earnings per share for the current year.

Veralto Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 30th. Stockholders of record on Wednesday, December 31st will be issued a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date is Wednesday, December 31st. This is a positive change from Veralto’s previous quarterly dividend of $0.11. Veralto’s payout ratio is currently 12.05%.

Insider Transactions at Veralto

In other Veralto news, SVP Mattias Bystrom sold 1,000 shares of the company’s stock in a transaction dated Monday, December 1st. The stock was sold at an average price of $101.73, for a total transaction of $101,730.00. Following the completion of the sale, the senior vice president directly owned 31,430 shares in the company, valued at $3,197,373.90. This represents a 3.08% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Company insiders own 0.36% of the company’s stock.

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.