Veralto Corporation $VLTO Shares Sold by Robeco Schweiz AG

Robeco Schweiz AG lowered its position in shares of Veralto Corporation (NYSE:VLTO) by 5.6% during the third quarter, HoldingsChannel reports. The firm owned 756,211 shares of the company’s stock after selling 44,939 shares during the period. Veralto accounts for approximately 1.8% of Robeco Schweiz AG’s holdings, making the stock its 17th largest holding. Robeco Schweiz AG’s holdings in Veralto were worth $80,620,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Quent Capital LLC purchased a new position in Veralto in the 3rd quarter valued at about $98,000. Tokio Marine Asset Management Co. Ltd. lifted its stake in shares of Veralto by 6.0% in the third quarter. Tokio Marine Asset Management Co. Ltd. now owns 8,248 shares of the company’s stock worth $879,000 after acquiring an additional 465 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. grew its stake in Veralto by 0.7% during the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 640,457 shares of the company’s stock valued at $68,279,000 after purchasing an additional 4,652 shares in the last quarter. First Horizon Corp purchased a new stake in Veralto during the 3rd quarter worth approximately $55,000. Finally, MGO One Seven LLC raised its position in shares of Veralto by 5.9% in the 3rd quarter. MGO One Seven LLC now owns 3,576 shares of the company’s stock valued at $381,000 after purchasing an additional 200 shares in the last quarter. Hedge funds and other institutional investors own 91.28% of the company’s stock.

Wall Street Analysts Forecast Growth

VLTO has been the subject of a number of recent analyst reports. Royal Bank Of Canada raised their price target on shares of Veralto from $108.00 to $111.00 and gave the stock a “sector perform” rating in a research report on Thursday, October 30th. Citigroup reduced their price target on shares of Veralto from $112.00 to $111.00 and set a “neutral” rating on the stock in a research report on Thursday, October 30th. Jefferies Financial Group restated a “hold” rating and set a $105.00 price objective (down previously from $125.00) on shares of Veralto in a research note on Wednesday, December 10th. Weiss Ratings lowered Veralto from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday, December 31st. Finally, Barclays upped their price target on Veralto from $119.00 to $121.00 and gave the company an “overweight” rating in a research report on Thursday, October 30th. Five analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $112.89.

Insider Buying and Selling

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

Veralto Stock Performance

VLTO opened at $101.72 on Wednesday. The company has a current ratio of 1.57, a quick ratio of 1.40 and a debt-to-equity ratio of 0.69. Veralto Corporation has a twelve month low of $83.86 and a twelve month high of $110.11. The business’s 50 day moving average is $100.16 and its 200-day moving average is $103.14. The stock has a market cap of $25.26 billion, a PE ratio of 27.87, a price-to-earnings-growth ratio of 2.91 and a beta of 0.88.

Veralto (NYSE:VLTO) last posted its quarterly earnings data on Tuesday, October 28th. The company reported $0.99 earnings per share 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 during the quarter, compared to the consensus estimate of $1.40 billion. During the same quarter in the prior year, the company posted $0.89 earnings per share. The company’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 and its Q4 2025 guidance at 0.950-0.980 EPS. On average, analysts predict 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 $0.13 dividend. This represents a $0.52 annualized dividend and a dividend yield of 0.5%. This is a positive change from Veralto’s previous quarterly dividend of $0.11. The ex-dividend date is Wednesday, December 31st. Veralto’s payout ratio is currently 14.25%.

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.