Veralto Corporation $VLTO Stock Position Raised by Waterloo Capital L.P.

Waterloo Capital L.P. increased its position in Veralto Corporation (NYSE:VLTO) by 17.0% in the second quarter, HoldingsChannel reports. The firm owned 9,361 shares of the company’s stock after acquiring an additional 1,362 shares during the period. Waterloo Capital L.P.’s holdings in Veralto were worth $945,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Baldwin Investment Management LLC lifted its holdings in shares of Veralto by 3.4% in the first quarter. Baldwin Investment Management LLC now owns 3,219 shares of the company’s stock valued at $314,000 after purchasing an additional 106 shares in the last quarter. Phoenix Financial Ltd. grew its holdings in shares of Veralto by 2.9% during the first quarter. Phoenix Financial Ltd. now owns 4,644 shares of the company’s stock valued at $454,000 after buying an additional 132 shares in the last quarter. Meiji Yasuda Asset Management Co Ltd. raised its position in Veralto by 3.6% during the first quarter. Meiji Yasuda Asset Management Co Ltd. now owns 3,883 shares of the company’s stock valued at $378,000 after buying an additional 134 shares during the period. Huntleigh Advisors Inc. lifted its stake in Veralto by 0.5% in the 2nd quarter. Huntleigh Advisors Inc. now owns 28,286 shares of the company’s stock worth $2,856,000 after acquiring an additional 134 shares in the last quarter. Finally, Argent Trust Co lifted its stake in Veralto by 1.8% in the 1st quarter. Argent Trust Co now owns 8,096 shares of the company’s stock worth $789,000 after acquiring an additional 140 shares in the last quarter. 91.28% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts have weighed in on the company. Barclays lifted their target price on Veralto from $119.00 to $121.00 and gave the company an “overweight” rating in a research note on Thursday, October 30th. Wolfe Research upgraded shares of Veralto from a “hold” rating to a “strong-buy” rating in a report on Wednesday, July 30th. Robert W. Baird boosted their price objective on shares of Veralto from $106.00 to $112.00 and gave the company a “neutral” rating in a research report on Wednesday, July 30th. Raymond James Financial began coverage on shares of Veralto in a research report on Tuesday, August 26th. They issued a “market perform” rating for the company. Finally, UBS Group boosted their price target on shares of Veralto from $110.00 to $112.00 and gave the company a “neutral” rating in a report on Wednesday, November 5th. Six analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $115.25.

Veralto Price Performance

Shares of VLTO opened at $99.13 on Monday. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.40 and a current ratio of 1.57. The firm has a market cap of $24.61 billion, a PE ratio of 27.16, a PEG ratio of 3.09 and a beta of 0.89. The firm’s 50 day moving average price is $102.53 and its 200 day moving average price is $102.85. Veralto Corporation has a twelve month low of $83.86 and a twelve month high of $110.11.

Veralto (NYSE:VLTO) last released its quarterly earnings results on Tuesday, October 28th. The company reported $0.99 earnings per share for the quarter, beating analysts’ consensus estimates 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 the consensus estimate of $1.40 billion. During the same quarter last year, the firm earned $0.89 EPS. Veralto’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. As a group, research analysts expect that Veralto Corporation will post 3.66 EPS for the current fiscal year.

Veralto Dividend Announcement

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

Insider Activity at Veralto

In related news, CEO Jennifer Honeycutt sold 10,646 shares of the firm’s stock in a transaction that occurred on 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 of the company’s stock, valued at approximately $11,286,830.94. This trade represents a 9.11% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.36% of the company’s stock.

Veralto 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.